About this time last year, I wrote about the drop in gas prices to a low, low $1.89 vs. the $3.19 that it had been just a year earlier. Here we are, now looking at an even greater drop (to $1.69 in this area) and the lowest prices for crude oil since 2004.
The cost of oil is dropping so precipitously that it is having a more negative impact than positive when taken as a whole. While consumers may be enjoying the decrease, they will also be adversely affected as stocks decline, businesses have difficulty and the market as a whole suffers.
It seems that there is a balance point for everything. Too low of oil prices are a problem as are those which are too high. A weather pattern that brings too hot of temperatures is no better than one that ushers in too cold. While we all know the perils of obesity, I just read that runway models will now be required to have a certain Body Mass Index because they have been deemed to be too thin. Parents can be too aloof or too protective of their children; too strict or too lenient.
And on it goes. Most decisions in life occur on a spectrum. There is a time for passion and a time for moderation. Take a moment to assess whether you are at your desirable level or whether your scales are “too” one way or the other.