Tag Archives: Supply and demand

Well, Well, Well… Looks Like I Was Wrong!

Gas StationIn a previous post, I mentioned that the price of gasoline was due to the high demand of oil throught the world.  I even suggested that, in order to bring the price of gas down, we would have to increase supply by finding other sources of the crude, since the demand of oil would only increase.  But a report today by the US Energy Information Administration suggests otherwise.

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Filed under Oil, Spending money