What Would $40 A Barrel Oil Mean For Travelers?

Oil is now nearing a 4-year low as the world’s economic crisis keeps on truckin’, says the Wall Street Journal. Light, sweet crude (don’t you just love that term?) is now trading at 44.56 a barrel on the New York Mercantile Exchange. “The price was the lowest since January 2005 and more than $100 below oil’s record close July 3,” says the WSJ. So, what does that mean for travelers?

Christopher Elliott has a few ideas, here’s our favorite. It’s the return of the road trip!:

Here come the drivers! The Transportation Department has been complaining about a shortfall in road tax revenue. Wait until next summer, when a lot of pent-up demand to hit the road sees hundreds of thousands of vehicles unleashed on American highways.

See the USA in your Chevrolet… (before they no longer make Chevrolets…)

With oil prices spiraling toward $40 a barrel mark, what does that mean for travelers? [Tripso]
(Photo: improbcat )

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