To see why, one must only consider the core economic principle of supply and demand.
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Articles on Cheap Oil
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Many people thought U.S. gasoline consumption had already peaked. They were wrong. What happened?
The boom in oil and gas development has brought new revenues to many communities in the U.S., but rural areas in particular have struggled to handle the rapid downturn in prices.
Tesla Motors again struck a chord with the sleek Model 3 electric car but it's still not enough to compete on price and convenience with mass market gas-powered cars, says auto tech researcher.
Faced with stringent fuel economy standards but cheap gas, automakers may seek to delay CAFE rules. What's the best way to reevaluate these emissions-cutting rules?
American consumers just aren't prioritizing fuel efficiency in a time of low gasoline prices. Is there a way to reverse the trend and make progress on climate change?
Cheap gas is traditionally a boost for the U.S. economy but this time the economy could be badly hurt because of the domestic drilling boom and financial bets made by the oil & gas industry.
Top contributors
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Research Professor, University of Michigan
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Professor of Management, Farmer School of Business, Miami University
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Senior research associate (Resources for the Future), Lecturer (University of Michigan Ford School of Public Policy), University of Michigan
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Associate Professor of Economics, Miami University
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Assistant Professor of Public and Environmental Affairs, IUPUI
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Assistant Professor of System Dynamics, Massachusetts Institute of Technology
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Professor of Energy and Environmental Economics, Duke University
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Professor at the Haas School of Business, University of California, Berkeley
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Research Scientist, University of Texas at Austin
