By Kimberly Curth Weekend Anchor / Reporter
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Published: Mon, October 13, 2008 - 5:22 pm
Last Updated: Mon, October 13, 2008 - 6:00 pm
Kimberly Curth
"When our drivers start driving slower and maybe carpooling and considering public transportation all of a sudden that just decreases the demand for oil ever so slightly such that it puts pressure on it to move it, move it back downwards," said investment manager, Mark Davidson. "So, it is supply and demand and it is a behavioral, behavioral change that we've seen."
According to the Energy Information Administration, the last time we saw gas prices below three dollars a gallon was February 18th of this year.
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OH YEAH let’s not forget the current exchange rate in that equation! Cause it’s down too!
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1.00 CAD 0.878649 USD
Canada Dollars United States Dollars
1 CAD = 0.878649 USD 1 USD = 1.13811 CAD