As U.S. investors are now painfully aware, trouble in the Chinese market is really hurting U.S. stocks as the Dow Jones Industrial Average fell nearly 600 points on Monday.
After rising for more than a month, gas prices have now dropped nine days in a row.
As of Friday gas prices have fallen for the 92nd day in a row, which has never happened before.
While prices at the pump are pleasing to many drivers so far this holiday season, the plummeting prices of oil are a bit concerning for Colorado’s oil and gas industry.
It’s easy to enjoy low gas prices now, but they may come with a political cost for Colorado in 2015.
Falling gas prices are a double-edge sword for Coloradans: Gas is cheap, but lower prices can negatively affect jobs in the state, where the oil and gas industry hefts a big footprint.
Travelers usually don’t have much to be happy about during the holiday season, but this year Coloradans can enjoy a break at the gas pump.
Colorado motorists have paid less at the gas pump recently, as prices have fallen 12 cents a gallon on average over the last three weeks.
There has been a shortage of gasoline at some Denver area gas stations recently as pumps at some places say “regular unleaded” isn’t available.
With 41 million Americans expected to travel this year, highways and airports will be packed with travelers looking to take advantage of the 3-day weekend.