(Xavier J. Peg ☠)Gas prices have fallen signifiantly in the last year or so, which is great news for consumers, if not necessarily for gas stations. There’s another hidden winner in this situation: tobacco companies. Customers who are spending less on gas have more money to spend on cigarettes, and gas stations happen to be a convenient place to buy them. Of course, no one’s going to say, “Hey, it only cost $40 to fill up my tank: time to take up smoking!” Yet having more spending money might lead people who already smoke to buy at a gas station instead of buying in bulk elsewhere.

BING NEWS:
  • Natural-gas prices post their first monthly gain since October. Here’s why.
    Natural-gas futures have been among the largest commodity gainers in April — on track to post a monthly rise of around 15% as traders bet on a slowdown in U.S. production ahead of the high-demand ...
    04/30/2024 - 8:33 am | View Link
  • Texas operators turn to flaring amid weak gas prices
    Operators drilling for oil in Texas are scrambling to dispose of excess natural gas amid a supply glut and weak prices, prompting a sharp rise in flaring requests.
    04/30/2024 - 7:47 am | View Link
  • Natural gas prices are falling — why these analysts are bullish
    Natural gas prices (NG=F) are down nearly 40% year to date amid a glut in supply and a milder-than-expected winter. But analysts see an upside for the commodity going into the end of the year — in ...
    04/29/2024 - 11:00 pm | View Link
  • Good news: The worst could be over for gas prices this spring
    Israel and Iran have been in open conflict. Ukrainian drones have repeatedly attacked Russian oil refineries. And OPEC continues to hold back oil supply.
    04/29/2024 - 10:30 pm | View Link
  • “Seasonal rise in gas prices appears to be over.” See where prices are headed.
    Getting your Trinity Audio player ready... With more confidence every day, it appears the spring top is in: average gas prices have started to cool off in many areas. Patrick De Haan, head of ...
    04/29/2024 - 3:24 am | View Link
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