Can We Expect Gas Prices to Keep Sliding?
Nov 14th 2013 4:44PM
Updated Nov 14th 2013 4:46PM
Tension in Syria, talks with Iran, or some other completely non-related event. These have to be the reasons that gasoline prices are dropping, right? Just because they are happening at the same time doesn't mean it is the reason that we are seeing cheap gas at home. Instead, let's look at three themes that shape the fundamentals of today's gasoline market that are sending the price to its lowest level in almost three years.
One reason for falling gas prices is that refiners like Phillips 66 and Valero don't have the ability to export as much petroleum products as they would like, and the excess has to go into the domestic market. Tune into the video below to find out how this situation has come about and whether we can expect the current market conditions to hold through our holiday travels.
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The article Can We Expect Gas Prices to Keep Sliding? originally appeared on Fool.com.Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter, @TylerCroweFool. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.