« Half-Nude Posters: The Victims of Commercialism | Main | Oil Prices and Politicians »

Sep18
Why Would the Gasoline Prices Go Down?
Earlier this year, many Wall Street analysts listed many possible reasons for oil supplies to be disrupted – terrorism, war, economic embargoes, hurricanes, supply exceeded demand, China’s soaring energy demand... you name it. Lately, the U.S retail gasoline prices have quickly fallen from an average of $3 to $2.40 per gallon. People asked, what is really going on?
oil price.gif
“The gasoline crisis of the spring never existed,” said James Williams, an economist at WTRG Economics – an oil and gas consulting company. WTRG “did not anticipate any problem with the switch to ethanol blends... and for the most part, there were none.”

I agree.

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