Thursday, 12 May 2011 17:08

Oil prices still low

As reported some days before, the oil prices decrease constantly. On 09 May the barrel was by $99.80, but on this week it reached almost $98 per barrel. According to EIA the prices of oil and gasoline will keep decline in the following days. This result is much lower, as the statisticts expected.

Bad news for the providers, good news for the consumers.

The USA had filled their stocks already with more than 3 million barrels. Some see this as a good business manouver to provide energy by a conventional price. On the otherhand, it is a good factor for the american drivers, because that's way the gasoline prices will remain lower during the summertime, when everybody it's on traveling.



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