What’s up with prices at the pump and why it could be a good sign

All of us loved paying less than $2 a gallon at the pump. The AAA reports: “Americans paid cheapest quarterly gas prices in 12 years”—which resulted in savings of nearly $10 billion compared to the same period last year. However, oil (and, therefore gasoline) has been creeping upward since the February low—topping $45 a barrel, a high for the year. And that could be a good thing. While low prices at the pump have been a boon to consumers, the plunge in oil prices has been a bust for American producers. Throughout the past 20 months, crude oil prices have dropped [...]

By |2016-05-03T03:35:29+00:00May 3rd, 2016|CFACT Insights|Comments Off on What’s up with prices at the pump and why it could be a good sign