Economy

    US Gasoline Prices Low, But at a Costi
    X
    January 08, 2016 11:46 PM
    The recent oil boom in the United States has contributed to an overall drop in gasoline prices. The boom also has increased demand for services and materials that support the hydraulic fracturing, or “fracking,” industry that extracts the oil from shale formations. But as VOA’s Kane Farabaugh reports, low oil prices are cooling off the once red-hot fracking industry — affecting many companies that have benefited from increased domestic oil production.

    US Gasoline Prices Low, But at a Cost

    Published January 08, 2016

    The recent oil boom in the United States has contributed to an overall drop in gasoline prices. The boom also has increased demand for services and materials that support the hydraulic fracturing, or “fracking,” industry that extracts the oil from shale formations. But as VOA’s Kane Farabaugh reports, low oil prices are cooling off the once red-hot fracking industry — affecting many companies that have benefited from increased domestic oil production.


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