Gas Prices Demystified
Why you’re paying so much, and why you could soon be paying less.
By Doug Newcomb
Even with demand slackening, gas prices have continued to rise.
Filling up at the pump has become such a pain in the pocketbook that for the first time ever, gasoline consumption in the U.S. has stopped increasing. But even though America’s consumption has been virtually flat for the past five years, prices in that same period have nearly doubled, with crude oil recently hitting record highs.
While commodity prices typically decline along with demand, gas has defied these market fundamentals. But the forces behind ever-escalating prices at the pump aren’t a mystery once you look at the big picture — and the good news is relief may be just down the road.
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If you are interested in Forex Trading one has to become familiar with commodity prices which do impact a Country’s currency valuations.
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