Does anybody know why the drastic drop in gas prices lately? I mean, I haven't seen gas prices this low in at least 8 years. Like I said, I'm not complaining but I am wondering why it took so long for prices to drop...
i think it's cause we don't really have a stable president right now. i mean we do but then we have the president elect barack obama. so basically yeah i think it's because of that. i heard that it's gonna strat rising like after obama gets in office.
It has to do with the entire western world entering a recession. All the demands have gone down so naturally the prices have followed suit. Its predicted that the price per barrel will reach as low as $25 ea by the end of july 2009. Thats about $1 a gallon in the states.