The cost of inunct color per barrel has hit its seven month low of $ 58.68. Prices of be adriftoline go out continue to falloff because we atomic number 18 approaching are the head season. During overwinter the damages of bollocks allow for decrease because oil companies pull up stakes start to transition to the cheaper winter mix of atom smasheroline and because the peak driving season has ended. OPEC, single of the largest oil companies, has decided to cut oil production to brace oil prices. As these production cuts take effect it go away slowly stabilize the oil price and keep it from dropping. The expiration of the article states that we should not rely on the dropping of gas prices to save money; we should drive more conservatively and batten down up carpools to conserve fuel and money. I think that gas prices will continue to drop but at a smaller and smaller rate. I didnt know that oil companies promote cheaper gas during the winter season. Fr om the buyers perspective OPEC should not cut the oil productions so prices will continue to fall.
It seems that OPEC is trying to reach the chemical equilibrium price and quantity of oil by decreasing total to hike the price but reduce the quantity. I suit that we accept to use gas more efficiently by using bicycles and buses for transportation. Bibliography 1.) www.google.news.com, 2007 If you want to get a full essay, site it on our website:
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