Can USA Return to $1 Gas?

Gasoline prices in the US increased to $5 a gallon in June, 22 which was a record.

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In light of low stock, due to a limited extent to the Russian greeting of Ukraine, there was hypothesis that the cost would make a beeline for $6.

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Instead, the price has touched to $3.78 today and continues to dive fast.

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Experts at GasBuddy believe that gas price may drop below $3 in some parts of the country.

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Americans fail to remember that gas costs were underneath $2 per gallon in 2004 and under $1 in 1989.

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Gas costs had a long run between then when they found the middle value of about $1.50.

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It is conceivable that the variables that added to these costs could repeat.

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To begin, the cost of a barrel of oil dropped by $14 in 1989. Today, the number is about $90.

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There was a cost battle among a portion of the individuals from the Organization of the Petroleum Exporting Countries in the remainder of the '80s.

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Costs fell as OPEC individuals battled for portion of the overall industry.

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