Thursday, July 05, 2012

Brent Crude Oil

The price of gas closely follows Brent Crude Oil Futures.  The national gas price has fallen 13% over the last two months. What factors explain this fall?

According to the Economist, there's been a change in the demand for fuel since the global recession began.  In addition, a Canadian supplier has found a way to reroute their supplies to a cheaper refinery.

As consumer confidence wans, the election wants the president to do something to fix the economy.  Gas prices are independent of presidential action.  Isn't everything?

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