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The price of gasoline will drop due to global warming - January 07, 2007 - 11:20 am (By Pierre Melquiot)
Good news for motorists, the price of gasoline will drop. Gasoline prices are indeed promised to fall further, due to the drop in oil prices. This decrease could be partly due to global warming and therefore to a very mild winters.
Oil prices have plunged almost 10% in the past week. Prices have lost more than six dollars in just three days, and the main reason for this decline is the current mild climate in the United States, which is reducing demand for petroleum products.
In London, a barrel of brent crude (North Sea) fell Friday to 54,50 dollars, its lowest level since November 30, 2005. The climate in the Northeast of the United States weighs on the oil prices on the steps. In New York, a barrel of "light sweet crude" for delivery in February fell to $ 54,90 on Friday, the lowest level since June 14, 2005.
For the record, a barrel of brent had reached a historic record last summer at $ 78. Another phenomenon amplifies this drop in the price of gasoline with the weakening of the dollar, which lost 7,5% of its value against the euro in one year.
The repercussions on the price of petrol of these two phenomena, global warming and the erosion of the dollar against the euro, should be felt in the next 15 days.
Source: http://www.actualites-news-environnemen ... atique.php