The cost of anele per barrel has hit its seven calendar month low of $ 58.68. Prices of be adriftoline go out continue to diminution because we atomic number 18 approaching are the sound season. During winter the damages of gun allow for decrease because oil companies pull up stakes start to transition to the cheaper winter mix of attackoline and because the peak driving season has ended. OPEC, ace of the largest oil companies, has decided to cut oil production to stabilise oil prices. As these production cuts take effect it exit slowly stabilize the oil price and keep it from dropping. The attendant of the article states that we should not rely on the dropping of gas prices to save money; we should drive more conservatively and furbish up 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 shit cheaper gas during the winter season. From the buyers pers pective OPEC should not cut the oil productions so prices will continue to fall.
It seems that OPEC is trying to reach the counterbalance price and quantity of oil by decreasing tot to hike the price but reduce the quantity. I see 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, fiat it on our website:
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