The price of crude oil has fallen from about $147 to less than $78 per barrel.
It’s economics.
There are people who thought the government should intervene, such as through reduced gas taxes, tapping into the strategic petroleum reserve, etc. They assumed that demand for gas would remain high as the price went up, because there’s no other way for people and products to move except by burning gas.
Continue reading ‘Gas prices are affected by supply and demand’
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