What do you think?
2006-09-11 08:58:41 · 18 answers · asked by Elusive 5 in Politics & Government ➔ Politics
Hey there..I was an oil trader from 96-2000. Go to nymex.com and pull up a 25 year chart on the spot price of gas, You will find 25 out of 25 years the price dropped after labor day.
Summer is a high demand period, since summer is over demand lightens. Thus supply+demand+ speculation=price
(also with the increased price for crude smaller oil companies have started pumping out of wells that were not cost effective at $20 a barrel..thus more supply)
2006-09-11 09:08:42 · answer #1 · answered by mymadsky 6 · 0⤊ 11⤋
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2016-11-26 01:37:09 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Are you kidding me , of course it's politics and after the elections , just watch them go back up . The Oil Companies can afford it . They want to keep the Republicans in office to help them out , with taxes and subsidies .
2006-09-11 09:27:35 · answer #3 · answered by Anonymous · 4⤊ 0⤋
Do not write Whores Pimps will be more appropriate.Yes Prof.Adam you have a point and it does not look like coincidence.
2006-09-11 09:07:40 · answer #4 · answered by Dr.O 5 · 5⤊ 0⤋
Of course they are...OPEC is in with Chimpy McHalliburton and the rest
/Bush Derangement Syndrome off
2006-09-11 09:01:06 · answer #5 · answered by smitty031 5 · 5⤊ 0⤋
There is no conspiracy (for the sixth time today).
Gas prices drop just before labor day to encourage people to drive and the oil companies get more money based on volume, the people think they get a great deal.
Gas prices continue dropping after labor day due to the laws of supply and demand. I won't explain it again, its elementary economics.
Politically it makes no sense because:
1. People don't notice incremental decreases just like they didn't notice the incremental increases. If it goes up or down a few pennies every few days, who cares?
2. The majority of the voting public have the memory of a gnat. Anything that happens more than 14 days before the election will not be remembered before the main issues. It would have to be a 30 cent drop three days beforfe election for anyone to notice... and they'd be pissed because it would look like a conspiracy, so it won't happen because it would backfire.
3. Mid-term elections are 90% predecided by partisan voters, and only the rabid ones, the indifferent stay home.
2006-09-11 09:11:33 · answer #6 · answered by Anonymous · 0⤊ 10⤋
1) Lack of new turmoil in the middle east.
2) Hurricanes haven't disrupted supplies like last years.
3) A market correction (The price was too high at $70 a barrel).
4) Bush is watching YOU and wants to piss you off.
2006-09-11 09:01:29 · answer #7 · answered by TJS 2 · 0⤊ 7⤋
I think you know the answer to that question as do any of us that are remotely honest about our reckless empire !
2006-09-11 09:01:13 · answer #8 · answered by hardartsystems 3 · 5⤊ 0⤋
Freaking gas.
I hate it.
2006-09-11 09:01:43 · answer #9 · answered by xxGlamROCK 3 · 7⤊ 0⤋
Of course....Sheesh
2006-09-11 09:00:07 · answer #10 · answered by Anonymous · 6⤊ 1⤋