Oil, Gas, and Government
source: http://peacefreedomprosperity.com/5738/on-oil-and-gas/
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- shanklinmike
- added this
After breaking $4 a gallon for a short time in may, the steady decline in gas prices over the last five months has come as a breath of fresh air to commuters and consumers everywhere. The current average is hovering around $3.46 a gallon.
In such times it is far too easy to look at the current price and gain false hope in a recovering market. For example in July 2008, gas prices were pushing $4.12 a gallon. In a highly unusual dip the prices fell to nearly $1.60 a gallon in less than 6 months – something that has never happened in at least over 7 years.
Why? Well, the price of light crude on the WTI at the time was at an all time high in July, and made a very sudden decline from $133/barrel monthly average to $41/barrel monthly average in less than 5 months – right before elections. While it was noticeable at the time, it was hardly used then as a political stateme
http://peacefreedomprosperity.com/5738/on-oil-and-gas/
In such times it is far too easy to look at the current price and gain false hope in a recovering market. For example in July 2008, gas prices were pushing $4.12 a gallon. In a highly unusual dip the prices fell to nearly $1.60 a gallon in less than 6 months – something that has never happened in at least over 7 years.
Why? Well, the price of light crude on the WTI at the time was at an all time high in July, and made a very sudden decline from $133/barrel monthly average to $41/barrel monthly average in less than 5 months – right before elections. While it was noticeable at the time, it was hardly used then as a political stateme
http://peacefreedomprosperity.com/5738/on-oil-and-gas/
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- groups:
- Community, Decepticons, ShankLitarian Propaganda
