30 Nov '14, 3pm

Gas Prices To Plunge More After Oil Price Falls To 4-Year Low?

By John Voelcker 394 views Nov 30, 2014 Follow John Add to circle Reddit This! Share on Facebook Share on Twitter Oil well (photo by John Hill) Enlarge Photo Oil prices are at their lowest levels in four years, and retail gasoline prices are likely to follow--more or less. Thursday, while the U.S. celebrated its Thanksgiving holiday, oil prices fell 7 percent after OPEC announced it would leave production levels unchanged, according to CNN. The price of WTI crude oil in the U.S. closed that day at $69 a barrel--a level last seen in May 2010. DON'T MISS: Gas Prices Fall For Labor Day With Oil Supplies Ample (Aug 2014) In the three days since then, the price has fallen further, to $66.15 a barrel at the time this piece was written. While many analysts had expecting the Organization of the Petroleum Exporting Countries (OPEC) to reduce production levels at its Thursday meetin...

Full article: http://www.greencarreports.com/news/1095688_gas-prices-to...

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