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Cheap gas is good for now, but could lead to trouble down the road

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ST. LOUIS (KTVI) - The prices at the pump have dropped to surprising lows.  But while the lower gas prices may be great for you now, they may not be for you later.

And that good news can be spotted all over town.  Right here on Manchester, this place is charging $1.33 a gallon, the lowest in the metro according to our gas tracker.  It's good news now, but eventually there could be too much of a good thing.

For now, economists call it all good news.  After all, consumer spending makes up 70% of our economy.

But the dark side of this could come with how the oil industry is being impacted.  If companies in that sector start having trouble paying their bills, there could be a chain reaction that makes it to your local bank and hinder the economy.

And there are already signs of this in oil towns.

It's tough to keep up with how it's all moving.  This station was at $1.35 at noon and has dropped two more cents.  Up the street, a station was also at $1.35, and jumped to $1.79.  Go figure.

If you'd like to follow along, you can go to our website, and click on the gas tracker.