The price of gas has suddenly declined more than 50 cents a gallon in the past month. After a few years of terrorism, bad weather and the resulting supply shortage fears, everything seems to be OK for now. Trying to understand why, I came up with some possible reasons.
Vote below – Or provide us with some other possible reasons.
1. Large oil companies feel bad about cutting into the food budgets of minimum-wage earners.
2. Commodity traders have decided to calm inflation fears by selling off and taking a hit.
3. Suddenly, the dwindling supply of global oil has reversed. There is now a surplus!
4. SUV drivers are secretly pushing their guzzlers off a cliff at night, collecting the insurance, and buying hybrids.
5. The Chinese economy is shrinking and they don’t need as much oil.