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Gas Prices May Be Down, But Not Everyone is Reaping the Benefits

Despite recent drops in gas prices of more than $1.70 from its peak, not everyone is reaping the benefits as many people still struggle financially and face long-term environmental repercussions from our reliance on fossil fuels.

A picture of a car parked next to a sign with "Gas Prices" written on it

A picture of a car parked next to a sign with "Gas Prices" written on it

Despite the recent drop in gas prices of more than $1.70 from its peak, not everyone is feeling the relief. While it may add up to around $180 a month for a typical family, that money isn't necessarily being spent at the pump. The reality is that many people are still struggling to make ends meet and can't afford to fill their tanks with even discounted fuel prices. For those who rely on their vehicles for work or other essential needs, this means they're having to make tough decisions about where their money goes and whether they can afford gas at all. Furthermore, some experts warn that this dip in gas prices could be short-lived as oil companies continue to increase production levels despite low demand due to the coronavirus pandemic. This could lead to further price hikes down the line, leaving many consumers worse off than before. In addition, there's concern that this decrease in fuel costs will encourage more people to drive unnecessarily or take longer trips when they don't need to—all of which contribute significantly to air pollution and global warming. This could have devastating consequences if left unchecked and has led some environmental groups to call for stricter regulations on vehicle emissions standards. Ultimately, while lower gas prices may be good news for some families who are able to take advantage of them, it's important not forget those who are still struggling financially or facing long-term environmental repercussions from our reliance on fossil fuels.