Oil demand is obviously keyĪ lot will depend on demand for oil prices. These are four factors that will help determine what happens next. Brent – the global benchmark for oil prices – has fallen below $100 a barrel, down from over $120 in June.Īnalysts expect prices will continue to fall in the short term, but things get a lot more complicated further out. Gas prices have dropped as demand for oil worldwide has slowed amid rising worries about the global economy. It’s the first time prices have been below $4 since March. Gas prices dropped to $3.99 on Thursday, down sharply since hitting a record high of around $5 gallon in mid-June, according to the American Automobile Association. Now, it’s time to find better ways to interact with you and ensure we meet your high standards of what a credible media organization should be.Īfter months of budget-busting gasoline prices, the national average price of regular gas has dipped below $4. The days of journalism’s one-way street of simply producing stories for the public have long been over.
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