Why are gas prices currently dropping?
For many years, as the summer approaches and folks want to travel on vacation, gas prices have risen (seemingly due to a captive audience.)
This year, as the customary travel season approaches, gas prices are falling instead.
So, what's up with that?
I guess that depends on which part of the world you live in. Prices are skyrocketing in India.
There are mainy factors that move the price of energy. In the US it is largely because there are serious concerns about another recession along with substantial economic risk out of Europe. The recent data has been well below average. Slower growth means less consumption. Additonally the weakening of the Euro currency has meant strength in the US dollar. Oil is priced in dollars. Dollar strength means lower oil and commodity prices.
But I would think that a marketplace of fear would enable them to raise prices, as people would be afraid to argue
Its really not a conspiracy as many would like to portray it.But the currency plays a huge role.Prices of all commodities like food for example are higher as a result of a weaker dollar. Its only recently thatthe US$ has gained steam due to EU crisis
by ledefensetech8 years ago
http://www.investorsdailyedge.com/are-u … iling.htmlLooks like foreign investors are finally starting to see the light and refusing to buy anymore debt. I wonder how the government plans to fund it's...
by lolasporch5 years ago
Why can't gas prices be more uniform across the country?Living in NW Michigan, we see some of the highest gas prices in the nation. Our prices can rise 35 cents overnight at times. When they drop, it is by mere pennies....
by kreate5 years ago
Why is Facebook stock dropping so fast?
by Brenda Barnes6 years ago
Why do gas prices come with 9/10 on the end?What is the purpose and history of tacking on part of a penny?
by ptosis7 years ago
Are you planning on hoarding on gasoline before the prices go up even further?Volatility in gasoline prices: Give your prediction of peak gasoline prices for March 2011Last week I filled up tank @ $3.12 and in 7 days...
by NISARG MEHTA4 years ago
Why are my page views dropping to 0 when I have 20 of 22 Featured hubs?Please let me know if something required to be done from my side. Or is there any other factors creating such scenarios??
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.