Unless you have been living in a cave somewhere, you know that the price of oil has taken a huge tumble. According to Nasdaq.com, the price of crude oil in mid-2014 stood at about $105 dollars per barrel. By late December 2014, the price declined to approximately $55 a barrel. This represents a drop of almost 50 percent in about six months! The decline in the price of oil is providing a much-needed stimulus to the nation's economy and to Wisconsin's economy. Wisconsin is a net importer of petroleum-based products and benefits greatly from this development.
People most readily see this decline in the price of gasoline.
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