I was wondering why gas prices are dropping. These are four reason that I found: 1. Thanks to new drilling in the Gulf of Mexico and the increased use of techniques like hydraulic fracturing, or fracking, on land, the U.S. is awash in crude. 2. OPEC decided toward the end of 2014 not to manipulate prices by restricting oil production. 3. No major disasters 4. Cheaper blends in winter. Refineries usually begin making cheaper winter-blend gasoline between September and October every year. They claim that the prices are going to continue to drop for the entire year of 2015.
Posted on: Thu, 15 Jan 2015 23:29:53 +0000
Trending Topics
Recently Viewed Topics
© 2015