Gas prices continue to drop

Since Nov. 19, the national average for self-serve regular unleaded gas dropped about 3 cents and was about $1.93 a gallon on Dec. 3. The main reason of the dropping price is that more plentiful crude oil supplies. Thereby, gas prices also are going down. It means that the supply curve of gas shifts right. Although demand of gas will increase with the dropping temperature of winter weather, U.S. heating oil stocks rise due to the fall in oil prices. In order to control the price of gas, OPEC could choose to rein in output of crude oil. Lundberg said “the oil cartel is unlikely to cut production and that would prompt gasoline prices to drop even further.”
However, I think that gas price will increase in the long run, because demand of gas will increase. As far as we know, winter is coming and temperature is lower and lower. The demand of gas for heating will go up if people want to keep their room warm. On the other hand, OPEC is planning to reduce supply. According to those reasons, the supply surplus of crude oil will decrease to a new price so that the supply can be equaled to the demand. About the future gas prices, what do you think?