Gas Prices in Free Fall
The IEA is going to release oil reserves also..Squeeze those speculators.
The release of strategic oil reserves of IEA countries puts an additional
supply of up to two million barrels a day on the market in the next 30 days.
This is more than the Libyan oil outage.
Even so, the countries in the Gulf region apparently do not want to restrict
production and this should mean a marked oversupply on the oil market in the
coming weeks, which should push prices down further
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Area gas prices have fallen 50 cents in the last month and could continue to drop as the U.S. prepares to release 30 million barrels of oil from the Strategic Petroleum Reserve.
The average price for a gallon of regular unleaded gasoline in the Canton-Massillon area was $3.28 Sunday
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