Latest Gasoline Prices-The Reasons Why It Is At An All Time Low
Have you ever noticed that the gasoline prices today have reached an all time low? For most people, they would be very happy about it as they will now be able to save a lot of money and get their budget back on track once again.
So, why are the gasoline price today getting lower and lower almost every week? Well, the reason for this is quite simple and it doesnt need you to be a rocket scientist to figure it out. Basically, like in any other capitalist economy, the law of supply and demand affects the price of the gasoline. Today, because the demand for gasoline has significantly lowered and the supply of petroleum products and oil has increased, the oil companies are trying to sell their products by lowering its price. They are now encouraging people to use their cars.
You have to consider that in the past, the gasoline and other petroleum products have risen in its price. This encouraged people to stop using their cars and go for public transportation instead. Some people even sold their gas guzzling cars in exchange for fuel economic cars and there are also other people who organized...
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