Why are gas prices getting so low ? Will the prices continue to drop ?
Oil prices are falling because of changes in world supply and world demand. New oil fields have been discovered in Texas and North Dakota that could contain hundreds of years of shale oil and gas supplies.
Shale oil is oil obtained from bituminous shale. An bituminous shale is soft, finely stratified sedimentary rock that formed from consolidated mud or clay and can be split easily into fragile slabs.
Getting oil from our home land saves the U.S. money and causes gas to be cheeper because we don’t have to import gas from foreign countries anymore.