What factors are causing gas prices to drop?

Future of fossil fuels

What factors are causing gas prices to drop?

IF YOU DRIVE A CAR YOU KNOW GAS PRICES ARE ON THE DECLINE. WHY ARE PRICES FALLING AND WHY NOW. TODD DYKES IS HERE WITH A LOOK BEHIND THE NUMBERS FOR US TONIGHT. YOU KNOW IT’S ALL ABOUT THE BARRELS.

MOST OF US PROBABLY DON’T PAY ANY ATTENTION AT ALL TO THE SALE PRICE OF A BARREL OF BENCH MARK CRUDE. ALL WE CARE ABOUT ARE PRICES ALTERNATE THE PUMP AND THAT’S WHAT DRIVERS ARE SEEING ALL AROUND THE TRI-STATE. FILLING UP FOR $2.27 AT THIS SHELL STATION ON DELHI ROAD IS JUST NINE WITH DRIVERS LIKE ED AUGUST GUS TEEN. IS JUST
AUGUST GUS TEEN. THE DEAN OF THE SCHOOL OF BUSINESS AT MOUNT SAINT JOSEPH UNIVERSITY SAYS LOW PRICES ARE HERE TO STAY FOR NOW.

I WOULD NOT BE SURPRISED TO SEE A CONTINUATION OF OIL DECREASE OVER THE NEXT FIVE MONTHS. HE SAYS DON’T WORRY ABOUT THE GLOBAL ECONOMY TAKING A HIT HE SEES IT THIS WAY. I THINK THIS IS A GIFT FROM GOD, THAT CAME TO THE U.S.

ECONOMY. REALLY GREATEST SPECIALLY
CONSUMERS RIGHT NOW WE HAVE ENOUGH MONEY TO SPEND ON OTHER GOODS AND SERVICES. BACK AT THE PUMP A MAN FROM DEL LIE SAYS THE TIMING COULDN’T BE BETTER.

IT’S REALLY GREATEST SPECIALLY IF TIME OF YEAR WITH THE HOLIDAY SEASON AND EVERYTHING, IT’S TREMENDOUS, DON’T UNDERSTAND WHY IT FLUCTUATES SO MUCH. ONE OF THE KEY REASONS PRICES ARE HEADING SOUTH SAYS THE DOCTOR IS THAT OPEC‘S DECISION TO KEEP PRODUCTION RATES STEADY. OPEC’S PRODUCTION OF BARRELS OF OIL COMBINED WITH LESS DEMAND MEANS THE PRICE OF THE BARRELS IS FALLING AND IT TRICKLES DOWN TO YOU.

I’M CERTAIN ABOUT THAT ONE BECAUSE EVERYTHING HAS COME TO OPEC. THANKS TO MARKET SHARE AND THE PRICE OF A BARREL OF OIL YOU’LL HAVE MORE CASH IN YOUR POCKET AT LEAST FOR THE FORESEEABLE FUTURE. THE PRICE OF A BARREL OF OIL IS AROUND $55 AND IN JUNE THAT SAME BARREL OF CRUDE COST $107, THAT MEANS OIL IS NOW AT ITS LOWEST LEVEL SINCE THE SPRING OF 2009.

REPORTING LIVE TONIGHT, TODD DYKES, WLWT NEWS 5. AND FOR OHIO DRIVERS THE NEWS CONTINUES TO GET BETTER HERE. WOULD NOT BE SURPRISED
TIP HE WILL A SAYS STATEWIDE THE AVERAGE COST OF A GALLON OF GAS