As gas prices drop here in Acadiana.
Most residents are excited for a cheaper trip to the gas pump but some, however, are worried about the effect it may have on local business. Economic setbacks in Acadiana have been linked to changes in the oil industry on more than one occasion
Just last December in 2013, oil was selling for over a $100 a barrel and this year that number barely reaches $60 dollars.
While the oil industry deals with the change in prices, Acadiana real estate says they do not plan on seeing any negative effects from the sudden drop in gas prices. The Acadiana real estate report showed almost 5,000 homes were sold locally in just this year alone.
Sams says the inventories of homes are high even if the gas prices are low.