Gas is $1.54 a gallon at Costco in Albuquerque. Even though we are one of the lowest places for gas prices in the country, the state's biggest industry is oil and gas. Therefore, there will be MUCH less money for the state this year for things like education, a state hospital level 1 trauma center, and for capital outlay projects, just to name a few. College and community college tuitions are destined to have substantial increases to make up some of the difference for higher education.
I'm enjoying the low prices and hope it boosts spending in other areas because people have more money in their pockets, but from a family of two teachers, a college freshman, and a kid in high school, we will suffer financially much more than the savings we are getting at the pump.