Gas prices remain low, which is good news for some and not so good news for others. Sam Isenberg tells us more in this Bobcat Update.
Fuel up Americans! According to the American Automobile Association, gas prices were the cheapest they've been in 12 years to start 2016. (Standup)
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But the cheap gas prices aren't good news for all. C-N-N reports that more than 86 thousand jobs in the oil industry have been cut since the price of oil started to drop in June 2014.
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The automobile industry is also feeling the effect of lower gas prices. A few years ago people were trading in their gas guzzlers for a more fuel efficient choice, but with gas prices low S-U-V and truck sales are making a comeback.
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Texas has the ninth cheapest gas prices on average at 1.89 per gallon. The state with the highest average... California at 2.79 per gallon, so if you're headed to the Golden State bring your electric car. For Bobcat Update, I'm Sam Isenberg (standup)
Bobcat Update, a student-produced newscast recapping events at Texas State University, and is available for viewing on YouTube.
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