Quote:
Originally Posted by strat61caster
Gas hasn't been this cheap in 8 years, will be interesting to see how long it lasts. I have a hunch it's an attempt to stave off the growing electric car market. Funny that it coincides with election cycle isn't it? Vote establishment, we'll keep your costs low we promise! lol. Can't wait to see the articles about how Sanders/Trump will make gas cost $10/gallon (which they seemed to survive in the U.K. just fine, wonder why...)
Price differences based on region have been pretty stable throughout my entire life, shits not rocket science.
With regards to crude oil prices, again, nothing new to see here:
http://www.gasbuddy.com/Charts |
Nice hunch, but Occam's Razor applies here...the simpler solution, and likely the correct one, is that the Chinese economy is slowing massively, and they are one of the biggest consumers of oil (still behind the US, but a very large consumer nonetheless). Add to this that demand in general is lower because of this slowdown, yet the suppliers are not cutting production, leading to an oversupply of oil. Iran will also be coming online soon with their oil, as well, further adding to the glut. Basic supply and demand is at work here, not a vast conspiracy to help the political establishment.