Oil and Gasoline Prices

June 2012
Moderate Voice;6/22/2012, p12
Blog Entry
The article offers the author's insights on the effect of sinking economy for the declining gas and oil prices, in which companies will also not produce and make money. It says that the oil industry will only have three dollars per gallon of gasoline instead of the predicted five dollars per gallon. The crude oil price for West Texas Intermediate Inc. (WTI) has declined 80 dollars barrel. It adds that Saudi Arabia needs 82 dollars to 100 dollars barrel to finance their social programs.


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