Crude oil prices[
1] have fallen about $40 per barrel, more than 35 percent, just since June. Earlier posts from the IER team covered the particular details of trends in supply and demand for crude oil in both the
United States and the
world as a whole. In this post, I’ll show the connection between crude oil and gasoline prices, and I’ll also relate the fall in crude to the Federal Reserve’s monetary policies.
- Saturday, December 6, 2014