Gas Prices in Limbo

The floods in Iowa this week could predicate rising gas prices, yet reports of a decline in gas sales have urged companies to finally keep their prices points low. In the second day of slippage, gas prices have shown that their prices have increased 36% versus a 94% increase in bulk oil. The discrepancy is hard to miss, but the demands for gasoline have been decreasing since January, with many people using alternative transportation such as busses, bikes and carpools.

The upcoming financial forecast for fuel suggests different outcomes. A potential strike in Nigeria, as well as the floods in the Midwest, could drive up the prices of gas, but as crude oil continues to fall, gas prices may as well.