Energy Prices Plummet as Demand Falls

Energy prices plummeted Aug. 18, but not to any bargain levels, as the American Petroleum Institute reported a big drop in US demand during July because of high fuel prices.

Energy futures markets also were impacted by a US Labor Department report of a larger-than-expected increase in wholesale prices in the same month, signaling that high energy costs also are affecting other segments of the economy.
Oil & Gas Journal