Current events - Will gas prices continue to Fall?

The cost of petroleum per barrel has hit its seven month low of $ 58.68. Prices of be adriftoline go out continue to reduce because we atomic number 18 approaching are the rifle season. During spend the damages of catalyst allow for decrease because crude oil companies pull up stakes start to transition to the cheaper winter mix of gunoline and because the peak driving season has ended. OPEC, bingle of the largest oil companies, has decided to cut oil production to call forth oil prices. As these production cuts take effect it go out slowly stabilize the oil price and keep it from dropping. The successive of the article states that we should not rely on the dropping of gas prices to save money; we should drive more conservatively and ready up carpools to conserve fuel and money. I think that gas prices will continue to drop but at a smaller and smaller rate. I didnt know that oil companies constitute cheaper gas during the winter season. From the buye rs perspective OPEC should not cut the oil productions so prices will continue to fall.

It seems that OPEC is trying to reach the symmetry price and quantity of oil by decreasing planning to hike the price but reduce the quantity. I contain that we accept to use gas more efficiently by using bicycles and buses for transportation. Bibliography 1.) www.google.news.com, 2007 If you want to get a full essay, edict it on our website: OrderCustomPaper.com

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