PETROL ,AT A THREE YEAR LOW....
#23
#26
RE: PETROL ,AT A THREE YEAR LOW....
ORIGINAL: RCR
Didn't see em crying when it was in the $150 range.
Didn't see em crying when it was in the $150 range.
Currently the supply far exceeds the demand. One in part because the price got so high that demand dropped and Two, the ramped up production to try to meet demand. They are now, to the point where oil is sitting in tankers on the ocean and ports because all of the storage facilities inland are at capacity. I would also guess that the financial market snafu also plays a good part in the demand being lowered as people rein in their spending.
$1.69 here.
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