Sunday, April 09, 2006

Gas prices continus to rise.

This article explains how gas prices in the last 2 weeks have risen 7%. It also claims that prices are expected to fall because more suppliers or crude oil are expected to enter into the market.
Something else that is affecting the price of gas are substitutes that are begining to enter into the market as well. The demand for gas in the coming years could fall drasticly as technology allows consumers to choose a cheaper, more ecological, and efficiant way for fueling their cars.

I'm excited to see how the gas industry reacts to more prominant subsitutes for gas that is sure to become readily available.

No comments: