Will Decrease in Gas Prices Results in Increase in Gas Consumption
As gas prices were increases all across the United States consumers had no choice but to reduce their gas consumption. More Americans have been trying to drive less and drive smaller vehicles. Now gas prices have been falling since the cost of crude oil has decreased across the country.
The national average price for a gallon of regular gasoline fell 2.6 cents to $2.152 from $2.178 Thursday, according to a daily survey for the American Automobile Association.
The price of gas has dropped $1.962, or 48%, since hitting an all-time high of $4.114 in July.
Americans have seen that there are ways that they can live their everyday lives with the use of less gas. With the decrease in gas use the prices of gas should stay low for a period of time.
Source: CNN Money
November 15th, 2008 at 1:00 am
Thanks for posting the article, was certainly a great read!