Well, for a while there it looked as if people were going to stop driving so much. Now the price of oil has dropped by about $30 a barrel in just a few months. It's still not low. Car gasoline in the United States had never averaged about $2 a gallon until about three years ago. Remember how the gas stations didn't even own large number two symbols for their price signs, and they had to take small number fives and turn them upside down to look like a two?
The experts say that the wild jump of a few years ago and the wild drop of the past few months have little to do with long-term petroleum supplies in the world. They are because of the American dollar, which was very weak only a few months ago and now is strengthening; because of unrest in the Middle East; and because of financial speculation.
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