Just came in from a drive, and noticed how gas prices have completely tumbled

[CatWoman]

:wtf:

[Vincardog]

1. They realize we are pissed and are going to throw their GOP servants to the curb.

They hope we will forget it and move on if they lower the price of gas.

[Lost-in-FL]

2. Last week it was only $87 per barrel of crude...

IMO it means bad times. No demand for oil due to less traveling (pleasure and business trips), less people in the road, people and businesses using less electricity or turning off AC units etc.

[stubtoe]

3. Yeah, me too. Market manipulation?

Is it because we're using less? Or because it should not have been as high as it was in the first place?

[kimmerspixelated]

4. I knew they would arrange this just in time!

Only thing is, it could fall to 2.00 and we still wouldn't vote for the assholes!

[peacebird]

5. obviously trying to buy votes for McCain and the Repubs.... if gas costs less the economy is $trong

after all

:eyes:

the fact is that the economy has tanked at a very inconvenient moment for McCain. So Shrub and his big oil buddies are trying to help out

[Lost-in-FL]

6. Just checked. Friday 10/10/08 was $77.70 per barrel!!!

[baldguy]

7. An election is coming up, and the Republican is way behind.

[tjwash]

8. Remember the commodities speculators denying that the price of crude was being manipulated?

Stock market crashes...people panic and pull their money out...crude oil prices fell. Even with Ike slamming into Houston and damaging a refinery and pipeline.

Go figure.

[arcadian]

9. Oh thank God! Everythings fine... back to spending people!

n't

[Coyote_Bandit]

10. It means

the economy is getting ready to get even sh*ttier here in used to be oil country red state hell. Many of the oil jobs have already left and gone to Houston or the gulf area. But with prices up the royalty owners have been doing well. Many of the fields that hadn't been pumped in years were being worked. With prices going down those royalty checks will cease and those fields will no longer be pumped.

Seriously, the drop in gas prices is not the result of any single factor but of a combination of things. There have been financial troubles in companies that trade in energy futures (SemGroup comes to mind), demand is down if only slightly, the dollar has strengthened relative to other currencies (and West Texas crude is priced worldwide in dollars), gasoline production has largely shifted away from many of the more ozone friendly blends that are required in certain areas of the country during summer months (and which increase production costs), hurricane season is coming to an end.

Personally, I'm glad I opted not to lock in those natural gas prices at the rates that were calculated and offered during late summer. I think that would have been a losing bet this year.

[CatWoman]

12. Coyote,

Personally, I'm glad I opted not to lock in those natural gas prices at the rates that were calculated and offered during late summer. I think that would have been a losing bet this year.

I was going to repond to an offer I got in the mail to do this with my gas company.

why is it not a good idea?? :shrug:

[Coyote_Bandit]

13. It might be a good idea where you are

My natural gas company made its calculations and extended its offer when energy prices were rising to new heights by the day. The lock in rate they offered was nearly 40% above last years lock in rate offer.

Your mileage may vary.

[CatWoman]

14. AHHHHH

thank you :)

[bigtree]

11. every election

didja notice?

[liberalhistorian]

15. I've noted that, too, around here, and

while not really too prone to don the tinfoil hat, I'm more than a bit suspicious of the timing. Seems just a tad bit too convenient, doesn't it?

[skepticscott]

16. It's not anything sinister

gas prices typically rise in the late spring and summer and drop after vacation season when usage goes down. Simple matter of supply and demand. And our elections just happen to fall around one of the low points of that cycle.

[fizzgig]

17. it's down $.60/gal here from about three months ago

but we're still getting screwed

[Chimichurri]

18. Don't worry , it'll go back up just after the election. Hold on to your

wallets.

[CatWoman]

19. which is why I take post #16 with a grain of salt

[WolverineDG]

21. Yep, because that doesn't explain why

every time a new tax is added to gasoline, the price increases by the same amount of the new tax the day before it is implemented.
:think:

dg

[WolverineDG]

20. Voting season is upon us

Don't be surprised if the prices shoot back up Nov. 5.

dg

[-..__...]

22. Gas... schmass

I just hope the cost of home heating oil drops to somewhat sane levels.