Oil prices across the nation have dropped dramatically over the past few months. Economists have described the money that consumers are saving as a kind of tax break, but not everyone is seeing green. In a series of reports this month titled “The Costs of Oil,” UPR reporters Elaine Taylor, Justin Prather and Evan Hall have looked into how falling prices are affecting places like eastern Utah, where oil is a major industry.
The series has asked how lower prices are changing the state’s budget, consumers’ commitment to green energy and whether air quality takes a hit when driving is so cheap. The price of gas has gone down, but at what costs?
On Friday’s AU we’ll wrap up the series with Vernal City Manager Ken Bassett and Ben Blau, Associate Professor of Economics in the USU Huntsman School of Business.
And we want to know how falling gas prices are affecting you. What are you doing with the money you’re saving at the gas pump? Are you driving more? Is your job tied to the oil industry? Are you worried about a “bust” following the “boom?”
