Dropping fuel prices are a BAD sign. It means industrial production and use is dropping. Fuel prices do NOT normally drop unless there is impending economic malaise on the way. The general public does not know this.
Not necessarily, Mene. Lower prices are GOOD when supply is increased...for instance, a keystone pipeline or a new oil field is discovered.
If high energy prices were indicative of a good economy, Obamugabe would be overseeing a boom. He isn’t.
Dropping fuel prices are a BAD sign. It means industrial production and use is dropping. Fuel prices do NOT normally drop unless there is impending economic malaise on the way. The general public does not know this.
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falling demand can also come from greater efficiencies—this has been a steady theme for decades.
However, recently falling demand gasoline and diesal has also been the result of the switch over to natural gas.
That said, the economy may also be slowing.
However,oil prices are set by the world and not set by just the USA. worldwide demand has been steadily rising and many places that supply oil like libya mexico and venezuela have been pumping less.(while the USA/canada/iraq has been pumping more)