Just read this good article at the WSJ and it sums up a lot of good points as to why gas prices have go so low, but they don't go deep enough into the topic of the speculators who are buying and holding oil contracts, hopefully enough of them are losing their shirts right now that they'll be out of the game for a little bit.
http://blogs.wsj.com/briefly/2015/01/13/the-effects-of-lower-gas-prices-at-a-glance/
They are pointing back to other times in history when this happened, or when something similar happened, but in any case they also can't fail to mention that Russia is imploding and having a fiscal crisis right now as well.
Why are gas prices so low? IMHO, who cares, they're low, take advantage of it!
http://blogs.wsj.com/briefly/2015/01/13/the-effects-of-lower-gas-prices-at-a-glance/
They are pointing back to other times in history when this happened, or when something similar happened, but in any case they also can't fail to mention that Russia is imploding and having a fiscal crisis right now as well.
Why are gas prices so low? IMHO, who cares, they're low, take advantage of it!