I know the spacing produced by the following two approaches is slightly different. So my question is which one should I choose? Is it about personal preference?
With 3 consecutive equation environments

With a single gather environment

Code
\documentclass[preview,multi,border=12pt]{standalone}
\usepackage{amsmath}
\begin{document}
\begin{preview}
The following equations are too simple,
\begin{equation}
v_t=v_0+at
\end{equation}
\begin{equation}
s=v_0t+\tfrac{1}{2}at^2
\end{equation}
\begin{equation}
v_t^2=v_0^2+2as
\end{equation}
where $a$ is the acceleration.
\end{preview}
\begin{preview}
The following equations are too simple,
\begin{gather}
v_t=v_0+at\\
s=v_0t+\tfrac{1}{2}at^2\\
v_t^2=v_0^2+2as
\end{gather}
where $a$ is the acceleration.
\end{preview}
\end{document}

equationenvironments are wrong. Can you see the different interline spacing? – egreg Nov 5 '12 at 12:40alignatwhich gives same spacing asgather. – mythealias Nov 5 '12 at 12:43