Where would we be without low gas prices? (user search)
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  Where would we be without low gas prices? (search mode)
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Author Topic: Where would we be without low gas prices?  (Read 1013 times)
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captainkangaroo
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Posts: 835


« on: October 24, 2015, 06:20:41 AM »

Lower energy costs are a huge advantage to our economy. But the falling prices are not due to Americans being frugal and demanding less.

Gas prices are falling for two reasons. Fracking/Natural Gas boom in the US is increasing supply and demand for Gas in Europe and China is slowing due to their slowing economic growth. When the supply of a good increases plus the demand for it decreases, the price of the good declines.
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