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Gasoline is very cheap

It is phenomenal that the price of gasoline has remarkably gone down because of the effect of the lockdown. Since public transport here is banned which means gas consumption is minimal. And according to the law of supply and demand, the lack of demand for gasoline had pulled down the price.

Traders of gasoline are having a problem with their stocks that they have no more space for the coming production that they had ordered. Now traders are willing to pay the buyers just to empty their tankers of gasoline. It is one for the books that this happened. And if the situation lasts long, the oil producing nations will go bankrupt.

  • Do you drive your car everyday?

    • Yes
    • No
    • I don’t have a car

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Legend

Written by Alex Socorro

Content AuthorYears Of Membership

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