Gas Prices Fall Due to Weak Demand and Lower Oil Costs

Posted on 07. May, 2012 by in Politics / Current Events

Gas prices are headed in the right direction these days. Maybe not as low as we need them to be, but falling nonetheless.

The national average for a gallon of gas is $3.77, according to AAA’s Daily Fuel Gauge Report. Prices have fallen nearly 20 cents in the past few weeks.

The economies of both Europe and the United States played a role in the price drop. With shaky recoveries and/or brewing turmoil, consumer demand has been weaker than usual.

Despite the drop in prices, we are still not out of the woods yet. We have not passed the crucial Memorial Day marker. That’s the official start to the summer driving season (i.e., the annual excuse for more ridiculous price increases).

It’s kinda sad when $3.77/gal. gas gives you hope. Now if it was $2.77 or $1.77/gal., I might do a cartwheel.

We as a nation have become too desensitized to financial rape. *sigh*

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3 Responses to “Gas Prices Fall Due to Weak Demand and Lower Oil Costs”

  1. Oil Tank Replacement

    11. Jul, 2012

    @Jocy that would be a great idea well the gas price continuously increases and it is hitting the market in a hard way. If this gas price hike continues I think the best way to deal with it is to embrace organic gas.

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  2. fuel tank

    05. Jun, 2012

    Petroleum is used mostly, by volume, for producing fuel oil and petrol, both important "primary energy" sources. 84% by volume of the hydrocarbons present in petroleum is converted into energy-rich fuels , including petrol, diesel, jet, heating, and other fuel oils, and liquefied petroleum gas.

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  3. Jocy

    07. May, 2012

    Mark my words. If gas hits $1.77/gal this summer, I'll be buying gallons like rappers buy bottles at the club.

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