i would like to know good reasons why gas price dropped again in September 06.
2006-09-17 05:19:23 · 7 answers · asked by Nia24 4 in Cars & Transportation ➔ Other - Cars & Transportation
I would have to say that with all of the new ethanol plants being built, which will soon be their competition, and the push for cleaner fuels, they brought them down because as any new product is introduced, it is usually higher priced. I think they want to send the message that their product is cheaper and they will try to outsell the new ethanol. Also, if they show too many quarters with too high of profits, Uncle Sam will not give them such a big tax break or give them the $24 Billion in grant money for 'research'. I also think they want to give the hybrid industry a run for their money before they get going.
2006-09-17 13:13:11 · answer #1 · answered by yenkoman1969 3 · 0⤊ 0⤋
because they got all the money now they have to let everyone get more to take. Elections are coming up too. Dont forget when the gulf war was going on 7 wells burned out of control but yet gas supply and prices didnt change so you figure it out.
2006-09-17 12:28:41 · answer #2 · answered by mike L 4 · 0⤊ 0⤋
I have asked the quesion myself, and through a little research and some common sense, It's probably due to all the prop's going on in cali right now-87 being the biggest about gas-read up on prop 87 and it kinda makes sense-alex
2006-09-17 12:24:07 · answer #3 · answered by oaklandr8ers24 2 · 0⤊ 0⤋
Election year in USA, wait after November and you'll see
2006-09-17 14:18:39 · answer #4 · answered by class4 5 · 1⤊ 0⤋
Bush is trying to get republicans elected.
2006-09-17 12:28:58 · answer #5 · answered by Tim B 3 · 0⤊ 0⤋
the supply and anticipated future supply doesn't appear to be scarce. China backed off on its purchases and also doesn't appear to be increasing consumption soon.
2006-09-17 12:42:41 · answer #6 · answered by waplambadoobatawhopbamboo 5 · 1⤊ 0⤋
because elections is coming up
2006-09-18 00:55:14 · answer #7 · answered by pattycake 3 · 0⤊ 0⤋