2006-09-22 03:32:07 · 6 answers · asked by yooper602 3 in News & Events ➔ Other - News & Events
Yeah, yeah, yeah, Last winter they hiked up the prices because of the so call shortage and it was not until spring after the damage was already done that they said the the demand was less than expected therefore they lowered the price. And now they are coming this this cr ap again?
Besides oil price has nothin to do with gas. Gas is produced locally and we have more that we know what to do with it.
This is just a way the goverment have to tax the war effort under the table.
2006-09-22 03:40:49 · answer #1 · answered by Manny L 3 · 1⤊ 0⤋
They are typically lower in the winter for several reasons
1- People drive less
2- They get to use the winter blend of gasoline. Environmental laws make them use a different blend when it is hot and it costs about .10 per gallon more.
3- No threat of Gulf hurricanes
There are also market factors driving it down.
1- No Gulf hurricanes this season - hope it holds.
2- The Alaskan pipline problems were not anywhere near as bad as they looked
3- Oil speculators think the trouble with Iran has been pushed back for a fair amount of time.
4- Damaged refinerys from last year are getting clear back on-line.
The artical in my source talks about it a little more. But heating oil is more closly related to desiel than gasoline. They both come from oil, but are different products so there can be a shortage in one, and too much of the other, however the price of crude changes both. So a warm winter would impact the overall oil usage and drive the price of both down and an exceptionally cold one might drive it up.
The fact that it is about to get cold here is factored in to a point. The guys who buy and sell these futures contracts try to guess months ahead and are willing to pay based on what they think the price is going to do.
2006-09-22 03:59:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I heard from someone else at work that the reason gas prices have gone down is because there were some lawsuits about price gouging.
2006-09-22 03:35:53 · answer #3 · answered by ~*Lady Beth*~ 4 · 0⤊ 0⤋
gasoline want go up but heating oil will be sky high
2006-09-22 03:40:14 · answer #4 · answered by ? 6 · 0⤊ 0⤋
pray that chavez will help americans with his oil discount program last year citgo helped 100,000 families in the northeast while exxon turned their back
buy citgo gas
2006-09-22 03:46:22 · answer #5 · answered by chip33302 3 · 0⤊ 1⤋
think they go up week by week
2006-09-22 03:34:55 · answer #6 · answered by sizzlerfc 2 · 0⤊ 0⤋