Gas prices rose steadily all year to the high point where I was paying over US$4.50/gallon (>$60 to fill the tank of my sedan each week). We've been told how discord in the middle east has caused price of raw petro to go up and up and up. Which, of course, has a direct affect on gasoline.
Then this summer, the price of raw petro began to drop. Despite this, gas prices continued to rise, or at least stay high. At that point, we were told that the refineries down south were drastically affected by the severe weather & flooding that was occuring during August, hence the maintained high prices at the pump.
Now, since days after our election last month, gas prices have plummeted, to the point where our national average today is ~US$1.75/gallon!
Can someone explain to me like I'm a semi-intelligent 10-year-old, what the heck is going on here? I'm tired of being dicked around by the oil industry!!!
Then this summer, the price of raw petro began to drop. Despite this, gas prices continued to rise, or at least stay high. At that point, we were told that the refineries down south were drastically affected by the severe weather & flooding that was occuring during August, hence the maintained high prices at the pump.
Now, since days after our election last month, gas prices have plummeted, to the point where our national average today is ~US$1.75/gallon!
Can someone explain to me like I'm a semi-intelligent 10-year-old, what the heck is going on here? I'm tired of being dicked around by the oil industry!!!