Glut of oil could push gasoline prices back down below $2 a gallon
| Energy experts say oil supply is outstripping demand. Eventually suppliers will tire of paying to store all of the surplus oil and flood the market, they predict.
A year after oil hit a record closing price, the commodity's price is way down -- and may fall significantly further as supply continues to dwarf demand. 07/04/2009 04:20 (LaTimes business) Continue to read news >> |
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