Oil Prices: A Rollercoaster Ride in 2008
The year 2008 saw a roller coaster ride in prices of crude oil and petroleum products. Studies point to speculation, not the law of supply and demand, as the culprit.
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The year 2008 saw a roller coaster ride in prices of crude oil and petroleum products. Studies point to speculation, not the law of supply and demand, as the culprit.
Even as world crude prices have gone down to approximately their January 2008 levels, current pump prices are still above the averages for the period January-March 2008.
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