Is there a legit reason why gas is going down so much? I guess the companiss need a break from money gouging.
I think it has something to do with Russia. Isn't their economy primarily based on gasoline?
"The combination of robust U.S. crude oil production growth, a return of Libyan production, despite recent setbacks, weakening expectations for the global economy, particularly in China, and seasonally low refinery demand has reduced oil prices," Breul explained.The growth in U.S. production is because of the shale oil boom in the Midwest.Thanks to all this the world is awash in oil but demand from major economies is weak, which forces prices to fall.
