As one famous economic theory would state, as the amount of one thing decreases, another increases. As the amount of drivers on the road here in the states decreases, the inventory of unleaded gasoline will increase, therefore obviously leading to a small fractional drop in the price of a gallon. It is simple economics as crude and brent crude drop as the inventories of one country increase and they get stockpiled. Also, the price of light sweet crude closed at $128 a barrel today, down $7 from it’s high of $135 a few days ago.

According to an article on CNN, over the past month of March, American’s drove 11 Billion fewer miles or a 4.3% decrease in the consumption of unleaded gasoline. I am a part of that statistic as I drive about 25% less than I typically do once unleaded gas passed $3.50 per gallon. On CNN’s article, they state that “according to AAA, the national average price for a gallon of regular gas rose to a record $3.936. That compares with an average price per gallon of $3.23 last Memorial Day.”

It’ simple economics and I guarentee that as the price of unleaded gas goes higher, the number of gallons in our inventory will continue to stockpile.

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