Gasoline Prices and Obama Elected as President
It’s been a long time since this site has been last updated and once again I apologise to all. Over the course of this past fall, many news events have developed. These include, a signifcant drop in gasoline prices and Barack Obama getting elected as the next president of the United States.
Just a few months ago, we were all paying over $4 dollars a gallon for gasoline. It almost appeared that the prices we payed at the pump would never go back down. Even just the thought of gasoline going back down to $3 a gallon seemed great. However as the fall pushed onward, prices began to slowly drop. Oil is now trading at a fraction of what it once was this summer. The decreased demand within the United States and Worldwide is an indicator of the recession that we are currently in.
Along with this, this past November 4th the citizens of the United States elected Barack Obama as their next president. As part of Barack Obama’s plan to restore the economy, he is planning a massive infrastructure overall.
As a Civil Engineering student, my professors have stressed time and time again about the overall grade of the existing infrastructure within this country. Many of our roads, waste water treatmant plants, bridges etc. all need repairs or major overalls. So not only will President Obama’s plan repair and improve our existing facilities but it will also help in fixing the economy.
I also imagine that along with this, there will be a major jumpstart in the development and implementation of alternative energy sources. This was part of his campaign platform and I personally see this as a way to create new jobs and reduce our dependence on foreign oil. We will have to wait and see.
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I’m loving the $1.50 gas! Just six months ago it seemed that gas would be $10.00/gallon by the end of the year. I can’t wait for Obama’s plan for developing alternative energy sources and the jobs associated with this major shift.