Out of Gas Newsletter - Issue 4 August 9th, 2008
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you and they’ll thank you as well.
++ News -
Gas prices have come down 23 days or so in a row but they’re still a buck higher than they were a year ago.
Crude oil ended at about $115 a barrel which is at a 3 month low.
There was an attack on a Turkish pipeline (which would cause a disruption in supply) but that was rerouted.
What has caused the slide - decreased demand but also a rally in the US $$ - let’s just hope that continues.
++ The Oil Industry
Basics of Demand
This week we’ll be talking about the basics of demand. We’ll talk about the big picture and then work on going in depth in the weeks and months ahead.
Demand deals with everything or everyone that needs the oil.
The biggest factor is the demaind for oil. We’ll talk in depth about how the demand has increased especially in many third world countries.
There are many thinges that change this demand.
The seasons
The economy
Availability of funds
Alternative Fuels
Alternative methods of transportation
There are other reasons as well.
A prime example of a country with expanding needs for oil is China.
Having Fun Saving you Money
This is a game that you can play at home in the kitchen.
Things you’ll need.
The kitchen table.
A box of ping pong balls.
A box or pack of straws.
Divide into two teams. Each team takes a different end of the table. Place a ping pong ball in the middle of the table and each side blows thru the straw. If the ball goes off the edge then the team on that side of the table gets a point. The lowest score wins.
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If you haven’t had a chance to buy our gas mileage guide we would encourage you to do so.
You can find it here.
