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Old 11-10-2013, 11:44 AM   #4220
Donger Donger is offline
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Join Date: Nov 2003
Location: 33.675 N 106.475 W
Casino cash: $1720
VARSITY
Gasoline is "cheap" right now because crude is relatively low. ($94.35/barrel).

Crude has been dropping for a number of reasons:

1) Very strong supply, especially because of our increased domestic production

2) Things are cooling down in the Middle East (Syria, Iran and Egypt).

3) Weak demand. We are still using ~4% less gasoline than we were a few years ago.
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