On Being Thankful - Gas Prices Down

As Thanksgiving 2008 arrived, there seemed little to be thankful for this year. However, regardless of circumstances, there is always much to be thankful for each day and this day gives us a chance to reflect on the positive.

Let's just take one change we can all celebrate. I'm speaking, of course, about gas and oil prices. They are down dramatically. Gas prices for regular are now under $1.99 a gallon in Pittsfield, cheaper elsewhere in Massachusetts. That's more than a 50 % drop since July. A barrel of oil now goes for under $60, far from the $147 barrel high. And diesel prices are down substantially as well. (See our sidebars on AAA Gas Prices and Locators to determine prices in your area.)

The bleak consumer situation in July for oil and gas has been substantially relieved. Will it continue? Who would dare predict? All bets are off! Still we are Thankful for this relief this Thanksgiving. More money is in the pocket of the consumer and the small business. People are reluctant to spend; credit is tight; people are worried. City and State governments are worried about what 2009 will bring.

So while gas prices are declining, let us rejoice for that. Reports are spreading that with gas prices down, automotive sales may be increasing even for SUVs, which have been languishing on dealer lots.

Be worried; be careful; be thankful; get prepared for 2009.

Happy Thanksgiving!