How many have noticed that gas prices, which have soared above $3.00 all year, have taken a very convenient (and steep) downturn right before the November elections, when the Republicans are on the verge of losing their majority in Congress? Are Bush's oil company friends trying to make the economy look good by lowering gas prices for a few months until the elections are over, in hope that it will make voters feel better about the GOP incumbents?
2006-09-13 12:05:12 · 18 answers · asked by Anonymous in News & Events ➔ Current Events
Me, gas prices will go back up after elections are over.
2006-09-13 12:07:01 · answer #1 · answered by shirley e 7 · 1⤊ 1⤋
Sure sounds like it, especially also considering the capture of Saddam right as the Democratic primaries were starting, possibly throwing the race from Dean to Kerry, and the killing of Zarqawi right as Bush's poll numbers were at their lowest.
However, I see a lot of factors going in to make the prices drop: the paucity of hurricanes this year, the end of the driving season, the Iran situation failing to come to a head, the Israel-Hezbollah war simmering down, and the discovery of oil in the Gulf of Mexico (Jack 2), which I think is fiddlesticks - fuels our nation for about half a year at the most.
These factors could last until the end of the year. But then prices could rise dramatically. World civilization may be nearing a point where it can't provide enough oil to meet world demand any more; something called "peak oil", when the yearly production of oil peaks. I looked at the curve of supply for the past few years (from the EIA) and found that oil production has leveled off for almost a year at 84 million barrels a day. Could it be that peak oil has come and that shortages are only a year or two away?
2006-09-13 19:15:16 · answer #2 · answered by alnitaka 4 · 0⤊ 1⤋
Sorry, but voters aren't so stupid to believe that a one month dip in gas prices will make them forget why they hate the Republicans.
The drop in gas prices isn't suspicious at all. For example, initially BP announced it would turn off the spigot on 400,000 barrels of oil per day on Alaska's North Slope to repair corroded pipes. However, the company later reduced the curtailment to 200,000 barrels per day and indicated it may get the entire production back on line sooner.
At the same time, refiners are beginning to produce the winter blend of gasoline and some companies may be lowering prices to reduce their summer gasoline inventory.
2006-09-14 18:36:49 · answer #3 · answered by zippychippy 3 · 0⤊ 0⤋
DON'T GET ME STARTED! Why do they say gas prices could be going up and BAM! Seven Cents to Ten Cents immediate increase at the pumps. Then they talk about prices possibly going down to $2.00 a gallon, and I haven't seen a penny drop from the prices here locally in Salt Lake City Utah.
And, yes, it couldn't be better timing. Republicans know how to yank the populations chain. And most darn fools will fall for it.
It's hard to soar like an eagle when you are surrounded by so many turkeys.
2006-09-13 19:15:55 · answer #4 · answered by tercir2006 7 · 1⤊ 1⤋
Gas usually drops in price after labor day- but it is convenient to get voters calmed down about oil just before election day.
2006-09-13 19:13:53 · answer #5 · answered by Hal H 5 · 0⤊ 0⤋
Definitely suspicious!! All summer they were around $3 and now where I live they are down around $2.28/ gallon now how can all of the sudden within the last two weeks the price drop over 70 cents??? They are crooked........so ya never know!!!
2006-09-13 22:29:16 · answer #6 · answered by pinky2879 2 · 0⤊ 0⤋
Republicans will continue to do anything to stay in power. I would not be suprised to hear that Big Oil has lowered gas prices to help Bush and his idiots.
2006-09-13 19:12:36 · answer #7 · answered by Juan d 2 · 1⤊ 1⤋
how many people will think it will skyrocket again after the november elections???? it dosent make sense. the alaskan pipeline is having a lot of trouble and will take time and big $$$ to repair but gas prices are at their prekatrina price?!?!? has to have soemthign to do with the upcoming elections.
2006-09-13 19:14:30 · answer #8 · answered by Eric 3 · 1⤊ 1⤋
After I learn to play an instrument, and learn another language, I want to build a biofuel processing unit in my garage and fill up once a week on canola oil.
2006-09-13 19:27:52 · answer #9 · answered by orangeontherocks 2 · 0⤊ 0⤋
Not necessarily. Summer driving season has just ended, and there's no major holidays for a while. So the demand is less, hence the price drops.
2006-09-13 19:15:46 · answer #10 · answered by Anonymous · 1⤊ 1⤋