What caused oil to go down in cost so much?

Question

from July 11 to today.

Answer 1

Greedy oil speculators right there on wall street.Our own people have done this to us.We refine as much as ever, and OPEC produces as much as ever.Usage is down and the hurricanes did no damage.

Basic commodities should have a 10% fluctuation cap.Then the  investors would have to change money on products that people don't have to eat or use to keep warm or get to work.  

Answer 2

summer travel is over, kids are back in school so the government knows that people wont be traveling as much..they will go down more when the elections start getting closer and mark my words they will go back up around christmas because they know that people will be traveling to see family and they know we will pay the money to see family

Answer 3

Because it's election time. Believe it or not it's part of the campaign.

If you don't have a job, your house is worth less than half of what you bought it for, AND your paying $12 a gallon for gas; you're probably not jumping at the chance to vote republican again.