Falling Demand = Falling Gas Prices
As I mentioned in my post on Tips on Saving Money and Gas under Don’t fill your car up when the price is high, that gas station owners and other people in the oil industry will lower prices if you decrease gas consumption. And, here is an article to prove it from AOL Business News.
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2 Comments:
Man, I have a gut feeling that gas prices being $1.50 is something in the past. Though we might still see it reach under $2.00 slightly, but that's it. And, the govenment should take a stand. I don't know if you heard or read about how a lot of the CEO of these oil company made a lot of money during the period with gas prices real high. They said most oil company have high increase in profits and that the exec's have some explaining to do.
Thanks again for all you comments Seth.
i think due to financial crisis gas price is increasing.
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