2006-10-03 18:19:12 · 14 answers · asked by Anonymous in Politics & Government ➔ Politics
The government DOES NOT control the price of gas. So no, no they didn't.
2006-10-03 18:21:26 · answer #1 · answered by Anonymous · 3⤊ 2⤋
The TRUTH about the lower gas prices:
Oil went up to $85 per barrel. When this happened, the market got flooded with oil because everyone wanted to make as much money as possible with the $85 per barrel cost. Demand for oil stayed roughly the same as it was when it was $55 per barrel. Now the supply well-outpaced demand. Oil was no longer going to sell for $85 per barrel because the commodities traders (yes, oil is a commodity, set by fair-market price), because there was so much oil being produced. Commodity traders then valued a barrel of oil at less and less of a price because it would no longer sell at the high price because of the great supply. Supply outpaces demand, price goes down, consumers become happy again. This happens all the time in short cycles. In order to get a good understanding of how much oil is ACTUALLY going up in price, you have to compare what it was at at the exact same time last year, only then will you get a good understanding of the fact that oil is only going up by $2-$3 per year, not $15-$20. In all actuality, the price of a gallon of gas only rises about 10-15 cents every year compared to the same time period as the previous year.
2006-10-04 01:50:27 · answer #2 · answered by hawk79 2 · 0⤊ 2⤋
The oil companies lowered the prices, how could they leave their republican buddies hangin out to dry with gas at 3$ plus a gallon come election time? Get real! Amazing how their is no real explanation--the pubs can't take the credit cause then people would know who is in control and ask what happened with the hike?
2006-10-04 01:25:31 · answer #3 · answered by scottyurb 5 · 4⤊ 2⤋
No, I think the oil companies lowered the price BECAUSE of the election. Protecting profits.
2006-10-04 01:21:16 · answer #4 · answered by notme 5 · 6⤊ 1⤋
Bush is in bed with the arabs so he may not of directly but the elections do have alot to do woth it, watch what happens after the elections, if you missed farinheight 9/11 you may want to rent it. It'll answer alot of questions about Bush and his relationships with the Arab oil company including the Bin ladens.NEVERMIND mylame answer just read notyou311 he has told it as it is and very precise! thank you 311
2006-10-04 01:35:31 · answer #5 · answered by katie k 2 · 1⤊ 2⤋
Lol, what do you mean he lowered the prices. Lowering by 5 cents is not lowering. Lowering by 2 bux, like it used to be 4 years ago, that would've been nice.
2006-10-04 01:22:39 · answer #6 · answered by cartmanct 2 · 2⤊ 2⤋
If he had the power to lower the price of gas, he would also have the power to raise your IQ.
Get a clue, pinhead!
2006-10-04 01:21:44 · answer #7 · answered by Anonymous · 3⤊ 1⤋
No!!!! You know Bush's cronied friends in the oil industry are protecting their huge profits! And we're still holding the bag with still higher gas prices, though they were lowered to a small degree!!!
2006-10-04 01:25:46 · answer #8 · answered by brian 2010 7 · 0⤊ 4⤋
Bush can't raise em or lower them. He's just lucky that supply is up and prices down.
It is all supply and demand.
2006-10-04 01:22:11 · answer #9 · answered by David AKA Dr Reason 2 · 3⤊ 2⤋
Yea, it really sucks having lower gas prices doesn't it? God, you couldn't make a commie lib happy if you bought him a new rope to hang himself with. Which IS a nice thought!
2006-10-04 01:22:10 · answer #10 · answered by Anonymous · 2⤊ 4⤋