During yesterday's News Talk Online on Paltalk.com we discussed the high oil prices. And questioned whether they were artificially high, or really a result of market factors.
There are those drivers who feel the price of oil will never fall below the current costs. But, according to the experts, prices will drop soon. Significantly.
Given the current downturn trend in the price of crude, the price of gasoline should drop, they say, another 20-30 cents a gallon at the pump in the next few weeks.
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Photo credit: http://www.flickr.com/photos/sirwiseowl/2637484494/
1 comment:
A 20 or even a 30 cent drop in gasoline prices is NOT that siginificant given the way it has risen over the past year or so.
And what guarantee have we that the price won't suddenly skyrocket again?
My prediction is that prices will remain lower until the U.S. presidential election and then will rise again.
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