system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: Do low gas prices (such as ~$1.50 like today) have any negative connotations in regards to the global economy?

Conversely, do high gas prices have any positive connotations? Do lower gas prices usually mean the global economy is doing better/more stable?
gpt
We have low gas prices because of cheap oil due to massive supply (the U.S. actually EXPORTED oil last month for example) and the removal of price floors due to the OPEC collapse. Cheaper energy = cheaper things. However, the fact that oil dropped so much in a short amount of time hides the more important underlying issue that there is not much demand. Why? Because the world economy is slowing and another recession is looming.