Gas Prices Trending Below $2 Gallon

St. Louis		USA	Trend Average
Today	1.626	1.870
Yesterday	1.651	1.884
One Week Ago	1.532	1.950
One Month Ago	1.901	1.999
One Year Ago	1.782	2.047
* Average Regular Gas Prices - Updated: 4:35 AM

As we write this, about four hours prior to market opening for Wednesday, January 20, gas prices are trending to below $2 gallon in many places: $1.41 in Fort Worth, Tx;  $1.47 in St. Louis, Mo;  $1.55 in Chicago;  $2.14 in a high tax place like Las Vegas, NV.  Those are figures for the lowest priced gas stations but the averages citywide are close.

The good for the consumer economy is more spendable money in the wallet.  But the contrary point is perhaps more important:  the psychological effect of a commodity that used to be top dollar now selling at bargain prices, causing job losses in the energy industry and probable losses to capital in that vital sector.

Because oil has become a prime matter of concern the oil spill that's important is the equity market splash.  We are experiencing an event which should be good for the economy but seemingly is not.  Is this a reversible happening?