Two factors lie behind the dramatic drop in gasoline prices in the US. Crude oil prices continue to trend lower, falling below $90 bbl. for the US benchmark WTI crude Aug. 8. And Americans are driving less. According to last week’s data from the Energy Information Administration, demand fell to 8.54 b/d last week, down…
Gasoline Prices Approach $4 A Gallon As Crude Prices Stay Low And Americans Drive Less
