Why gas Prices are going down?
Have you noticed the decrease in gas in the past weeks they are way lower than they were three months ago. The price of gas three months ago was five dollars a gallon. According to Chris Lafakis every dollar decline saves a U.S consumer 1 billion.
This may be good for you know, but in the future the economy will suffer a severer slump. Americans use 60% of gas on driving to work. Since a lot of people are unemployed the less people will be going to work. That would make the gas prices to continue to lower.
American consumes 25% of the world’s crude oil because of the slump the gas prices are dropping. It is giving consumers some relief from the economic storm. Global oil demand will resume its rise. Sadly so will the price of oil.
Have you noticed the decrease in gas in the past weeks they are way lower than they were three months ago. The price of gas three months ago was five dollars a gallon. According to Chris Lafakis every dollar decline saves a U.S consumer 1 billion.
This may be good for you know, but in the future the economy will suffer a severer slump. Americans use 60% of gas on driving to work. Since a lot of people are unemployed the less people will be going to work. That would make the gas prices to continue to lower.
American consumes 25% of the world’s crude oil because of the slump the gas prices are dropping. It is giving consumers some relief from the economic storm. Global oil demand will resume its rise. Sadly so will the price of oil.
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