Title: 4 Things With Falling Prices That Are More Affordable Than Ever
Headings: 4 Things With Falling Prices That Are More Affordable Than Ever
4 Things With Falling Prices That Are More Affordable Than Ever
Gasoline
How Much Has the Price Fallen?
Why Is the Price Falling?
How Do Lower Prices Affect You?
Will This Trend Continue?
Airfare
How Much Has the Price Fallen?
Why Is the Price Falling?
How Do Lower Prices Affect You?
Will This Trend Continue?
Solar Energy
How Much Has the Price Fallen?
Why Is the Price Falling?
How Do Lower Prices Affect You?
Will This Trend Continue?
Electronics
How Much Has the Price Fallen?
Why Is the Price Falling?
How Do Lower Prices Affect You?
Will This Trend Continue?
Final Word

Content: Essentially, when the supply of a product is higher than the demand – that is, when producers have more of it than people want to buy – the price tends to fall. That’s because lowering prices is a good way to encourage people to buy more than they would otherwise. In the case of oil, there are several factors combining to increase supply and reduce demand worldwide: Domestic Oil Production. U.S. oil production has been rising steadily since 2008, with new oil wells in the Gulf of Mexico and the rise of new techniques like hydraulic fracturing, or fracking. The New York Times reports that U.S. oil wells have nearly doubled their production in the past six years. This has boosted the world supply of oil, causing prices to drop, while also reducing the U.S. demand for more expensive imported oil. Foreign Oil Production . The U.S. isn’t the only country to have boosted its oil production. According to The New York Times, Canada and Iraq have been steadily increasing their oil output and exports.