5 Reasons Oil Prices Could Plunge

By Markets Fool.com

Low oil prices have led to $2 gasoline in some parts of the country, saving consumers billions already in 2015 -- but leading to massive layoffs in oil fields from North Dakota to Texas.

Continue Reading Below

Incredibly, the price of oil may not be done falling. The market is still oversupplied, the U.S. is still increasing production, and storage tanks are filling up fast. See the slideshow below for more on those and other reasons the price of oil may have further to fall.

The article 5 Reasons Oil Prices Could Plunge originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.