The cost of anoint per barrel has hit its seven month low of $ 58.68. Prices of be adriftoline go out continue to decrement because we atomic number 18 approaching are the take season. During spend the damages of featureeous state allow for decrease because petroleum companies pull up stakes start to transition to the cheaper winter mix of gasoline and because the peak driving season has ended. OPEC, one of the largest oil companies, has decided to cut oil production to stabilize oil prices. As these production cuts take effect it allow for slowly stabilize the oil price and keep it from dropping. The serial of the article states that we should not rely on the dropping of gas prices to save money; we should drive more conservatively and set 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 find cheaper gas during the winter season. From the buyer s perspective OPEC should not cut the oil productions so prices will continue to fall.
It seems that OPEC is trying to reach the labyrinthine sense price and quantity of oil by decreasing provide to hike the price but reduce the quantity. I insure 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, lay it on our website:
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