What causes the oil prices to fall? Do u think it willcontinue falling?

Question

What causes the oil prices to fall? Do u think it willcontinue falling?

Answer 1

Fed's done cutting and will probably start hiking sooner rather than later.  Maybe not today but soon.

Answer 2

I don’t know about you guys but I’m getting very sick and tired of having to spend an unreasonable percentage of my monthly income just to drive around.  Living in California certainly does not help the situation, either!  Some people commute over 90 miles (each way) just to get to work.  I guess I’m one of the lucky ones, since I only commute 25 miles to get to work.  While I’m sitting there in the usual L.A. traffic, cooking in my car from the scorching summer heat, thinking about how I have another 22 miles to go, looking at my gas gauge and seeing it near empty, remembering that I have to pay $4.50 per gallon for gas in an hour (or more) doesn’t help my mood very much...

Answer 3

Tax relief.  No because the cost of oil at production will continue to rise until it's all gone

This is because as we take oil out of the ground less and less of it exists demand will go up and with it the prices.

Tax relief is a short term solution to a long term problem.

Answer 4

its actually getting higher