why is gas going down so fast?

were i live gas was at $4.08 a gal. now it is at $1.62 a gal. why is it dropping at such a fast rate, is it because of the economy crash?

6 Answers

  • bungee
    Lv 6
    1 decade ago
    Favorite Answer

    demand is down<

  • Anonymous
    1 decade ago

    Yes, the economic crash is bringing fuel costs down with it.

    The laws of supply and demand..

    Less demand means lower costs..

    When demand exceeds supply, prices rise..

    When supply exceeds demand, prices fall.

  • 1 decade ago

    The same reason it went up so fast. Market demand, aka supply and demand.

  • winter has nothing to do with it...

    People dont have the money to buy gas, so they have to put oil "on sale" Gas is a supply and demand product.. like it or not

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  • 1 decade ago

    Supply is up.

    Demand is down.

    A barrel of oil is at $50.00 down from $150.00.

    It wont last so enjoy the ride...........md

  • Anonymous
    1 decade ago

    No, its not the economy crash.Its because winter is coming and gas is going down 'cause winter is for most trucks, and trucks are gas gusslers.

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