Yea, "cheap gas"
People are increasingly driving larger lower MPG vehicles and not cars I guess partly because they perceive gas to be cheap. Really. I don't think it's ever been cheap to keep fuel in a motor vehicle ...
Forum Discussion
Enjoy these prices while you can.
In 2020 the oil industry is in for some volatile changes.
New U.N. International Maritime Organization rules for the global shipping fleet are going to go into effect. Ships will have to use fuel with a sulfur content of no more than 0.5 percent, compared to 3.5 percent now, unless a vessel has equipment to clean up its sulfur emissions.
Can refineries meet this changing demand, that is the question.
You may be correct but the world is currently in an oil glut and will be for several years. Increased diesel production will increase gas production where it may be as cheap or cheaper for years to come. Downward prices on gasoline may be necessary to get rid of it.
Washington has asked for a gradual phase in of prices to protect consumers, especially those using home heating fuels.
Many U.S. refineries and shippers have already spent billions of dollars on preparing for cleaner fuel, and the rules already have opportunities for waivers, he added. There seems to always be exceptions and waivers for everything.
