DENVER Nike Air Max Baratas Online , the United States, June 25 (Xinhua) -- How far will gasprices drop? American consumers asked this week, as some expertssaid summer prices could drop to 1990 levels.
"I just paid 1.97 dollars a gallon," said Virginia businessteacher Douglas Hubscher, who holds four advanced degrees inbusiness and economics.
Hubscher told Xinhua Friday that several factors were drivingthe oil price to the 12-year low Nike Air Max Niños Baratas , including increases in domesticoil shale production and renewable energies that in turn haddropped the demand for overseas oil.
Chris Kahn of Bankrate said: "we're not about to see the endof the road for cheap gasoline."
U.S. Bureau of Labor Statistics said gas prices last droppedbelow 1.50 U.S. dollars a gallon in 1991, and were not much lowerin the early 1980s.
"During the (former President Ronald) Reagan years we had asimilar drop," Al Rickard recalled. "Gas prices dropped to belowone dollar a gallon due to fiscally tight Republican policies."
Rickard is a Washington insider and publisher who worked for theRepublican Party in the economically vibrant 1980s.
The federal Energy Information Administration (EIA) said gaswould be average 1.98 dollars per gallon throughout the year, thelowest in 12 years.
"It's all about global politics and OPEC nations producing moreto retain their market share," Rickard cautioned.
"It's also part of the annual cycle of prices ... By next Marchpeople will be wringing their hands about the gas of three-dollar agallon Nike Air Max Mujer Baratas ," he said.
But some said the reverse -- that the 1.50 dollars a gallonrange was not impossible before summer's end.
That was the cost at the pump in the early 1980s during JimmyCarter's presidency, when the cost of crude doubled due to theIranian Revolution in the 1979 Oil Crises.
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