Oil Price Dropping

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Comments

  • RockinInCanada
    RockinInCanada Posts: 2,016
    jlew24asu wrote:
    what an ignorant statement. so when prices go up, you would think repulicans do this too, to make more money for themselves.

    the price of oil is driven by supply and demand. its a freely traded commodity. yes, OPEC controls supply but free markets determine the price.

    to think that republicans have any control of OPEC is ridiculous.

    It really amazes me how people think when their mind is made up about a particular person (bush) or party.

    I don't agree with Bush...but yes to blame his party for rising oil prices is amusing.....
  • ozarkcoolchic
    ozarkcoolchic Posts: 621
    gas has dropped in my area from $2.89 - $2.19 in the last week and a half....i'm not complaining. But, I bet it will be below $2 by the November elections. These prices are in the Branson, MO area. If you drive 20 miles south into my town in AR the price is still $2.69. There is a HUGE senate election in MO this year.
    I wish I were the verb "to trust" and never let you down
  • jlew24asu
    jlew24asu Posts: 10,118
    ozarkcoolchic wrote:
    gas has dropped in my area from $2.89 - $2.19 in the last week and a half....i'm not complaining. But, I bet it will be below $2 by the November elections. These prices are in the Branson, MO area. If you drive 20 miles south into my town in AR the price is still $2.69. There is a HUGE senate election in MO this year.


    seriously, give it up.
  • inmytree
    inmytree Posts: 4,741
    ozarkcoolchic wrote:
    gas has dropped in my area from $2.89 - $2.19 in the last week and a half....i'm not complaining. But, I bet it will be below $2 by the November elections. These prices are in the Branson, MO area. If you drive 20 miles south into my town in AR the price is still $2.69. There is a HUGE senate election in MO this year.

    good call...

    I, too, am betting on gas prices dropping below 2 bucks a gallon by 11/1/06...
  • RockinInCanada
    RockinInCanada Posts: 2,016
    ozarkcoolchic wrote:
    gas has dropped in my area from $2.89 - $2.19 in the last week and a half....i'm not complaining. But, I bet it will be below $2 by the November elections. These prices are in the Branson, MO area. If you drive 20 miles south into my town in AR the price is still $2.69. There is a HUGE senate election in MO this year.

    It costs less to make gas in the winter months than the summer months...that is most likely the biggest contributor......and I know this because I am involved in this field...that is biggest reason...happens every year after the first weekend in September and will rise up again steadily for four months beginning in late May.....
  • jlew24asu
    jlew24asu Posts: 10,118
    inmytree wrote:
    good call...

    I, too, am betting on gas prices dropping below 2 bucks a gallon by 11/1/06...


    why, because republicans had the power to drop the price when they need to get elected, or because of supply and demand?

    do you people really not understand economics?
  • ledvedderman
    ledvedderman Posts: 7,762
    jlew24asu wrote:
    why, because republicans had the power to drop the price when they need to get elected, or because of supply and demand?

    do you people really not understand economics?

    do know not understand the power the oil lobbying has in Washington? If they wanted to, they could control the price like this. It will go down until about a week after the election, than get ready.
    E8toX.gif

    http://www.reverbnation.com/brianzilm
  • RockinInCanada
    RockinInCanada Posts: 2,016
    jlew24asu wrote:
    why, because republicans had the power to drop the price when they need to get elected, or because of supply and demand?

    do you people really not understand economics?

    Its not even economics at that...its the gasoline blending process......
  • RockinInCanada
    RockinInCanada Posts: 2,016
    ledvedderman wrote:
    do know not understand the power the oil lobbying has in Washington? If they wanted to, they could control the price like this. It will go down until about a week after the election, than get ready.

    From what I have read the Democrats also reap the rewards of oil lobbyists...wish people would realize that the gasoline blending process is a huge contributor.....and I am no way a Bush lover but that is the reality of making gasoline and rules the government imposes on it for blending....
  • inmytree
    inmytree Posts: 4,741
    Rockin'InCanada wrote:
    It costs less to make gas in the winter months than the summer months...that is most likely the biggest contributor......and I know this because I am involved in this field...that is biggest reason...happens every year after the first weekend in September and will rise up again steadily for four months beginning in late May.....

    oh, I hear you, I do understand your point...but please answer me this: Aren't there a lot of subjective factors and guessing that goes into priceing of gas...? I'm serious...it just seems that when prices jump, many excuses are used (if outlined in earlier posts), yet when drops, the excuse is "it's just natural"...

    if memory serves me right...when labor day hits, it drops by a few cents, but not like is dropping now...

    I have to admit, I'm a skeptic when it comes to gas prices, and truely feel the oil industry and our current powers that be have a "cozy" relationship...
  • ledvedderman
    ledvedderman Posts: 7,762
    Rockin'InCanada wrote:
    From what I have read the Democrats also reap the rewards of oil lobbyists...wish people would realize that the gasoline blending process is a huge contributor.....and I am no way a Bush lover but that is the reality of making gasoline and rules the government imposes on it for blending....

    I've been involved in the Democratic Party for a while, and I am ashamed to admit that you are correct
    E8toX.gif

    http://www.reverbnation.com/brianzilm
  • RockinInCanada
    RockinInCanada Posts: 2,016
    inmytree wrote:
    oh, I hear you, I do understand your point...but please answer me this: Aren't there a lot of subjective factors and guessing that goes into priceing of gas...? I'm serious...it just seems that when prices jump, many excuses are used (if outlined in earlier posts), yet when drops, the excuse is "it's just natural"...

    if memory serves me right...when labor day hits, it drops by a few cents, but not like is dropping now...

    I have to admit, I'm a skeptic when it comes to gas prices, and truely feel the oil industry and our current powers that be have a "cozy" relationship...

    You would be shocked to realize how one less additive makes it so much more difficult to blend gasoline to meet governmental standards, which happen to change quite readily.....the gasoline industry is quite amazing really....they constantly have to improve on technologies to meet new standards (which to some may be surprised are quite restrictive when compared to even 10 years ago)......

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