Why Gas Prices are Unlikely to Fall Anytime Soon

Almost everyone from the consumer to the giant oil company is tired of the very high crude oil prices seen now for over a year. For consumers it’s a drain and a competitor to other disposable income purchases. For oil companies the high prices over a long time sets up an expectation that rises will stay up and misdirect investments funds, cause excess spending and raise internal costs. The ride down, when it comes will be much better for the consumer than the oil industry.

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