| In recent months, Americans have been greeted with relatively cheap gas upon filling up at the pump. Oil prices are experiencing record lows and gasoline prices are at the lowest levels the market has seen since 2010, with some areas of the country enjoying prices of less than $2 a gallon. While this comes as a welcome development for consumers, oil companies are struggling with choosing market share over profitability.
As prices fall, what are the short- and long-term implications for the oil industry? Will consumers continue to line their pockets as domestic and global oil prices plummet? This article will break down the causes for the current price drop in the oil market and the outlook on oil prices...............................................Full Article: Source
|