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Old 11-10-2013, 11:46 AM   #4221
InChiefsHell InChiefsHell is offline
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Join Date: Feb 2003
Location: Omaha, Nebraska
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Quote:
Originally Posted by Donger View Post
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.
Interesting. We produce more oil...and prices go down. Imagine that...
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