Supply In Demand!

Gas prices have been high this summer and could go even higher before year end. The primary reason for the increase has been a cut in production by OPEC (Organization of Oil Producing Countries). This has created the supply in demand process and resulted in the highest prices in recent years. I say start producing more! The real truth is our prices here in the Arklatex are lower than the national average on a regular basis and significantly lower than some parts of the country. Analysts say the price of oil, and by extension gasoline, could go even higher this fall due largely to impending U.S. sanctions on Iran, the world’s fifth biggest oil producer. I guess I’ll have to employ better driving habits to offset the increase. The problem is I really like punching it when merging on to I-49!

 

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