Political Quotes

“According to the Energy Information Administration, today's national average price for retail gasoline is $2.97. This is the lowest price in over a 4-year period beginning in October of 2010. Gasoline prices have decreased by roughly 21 percent in the last 6 months alone. One of the most prevalent factors determining the price of gasoline at the pump is the international average of the cost of a barrel of crude oil. Now, over the past week, the price of crude oil per barrel has hovered between $77.15 and $77.85. These are the lowest per-barrel prices since June of 2012, just over 2 years, a stark contrast to $145 per barrel in May of 2008. The Energy Information Administration has projected that gasoline prices at the pump will continue to decline in December to somewhere around $2.80 a gallon and possibly even lower in 2015. Additionally, U.S. natural gas prices are roughly $4.24, as production continues to flourish. This is all welcome news for consumers, businesses, and the economy, from more affordable transportation to heating our homes, from the food we consume to American manufacturing having lower costs, therefore being more competitive globally. Lower energy costs are good for our economy overall. Now, there are many factors as to why gasoline prices fluctuate. They include international market trends and geopolitical events, as well as weather and impacts upon refining capacity due to natural disasters.…”