today .... i pumped gas, it was 2.17 about 2 weeks ago, it was 2.67 .... what is going on? what happened? I live in North Carolina.
2006-10-05 13:37:36 · 22 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
It's the political payback the republicans are getting from the oil companies for letting them rape, rob, and pilage our tax money, natural resources, and the n r's of other countries for profit. How could they let their boys go back to try and get re-elected with gas prices over 3$? You won't hear any explanation from the major networks because they are basically owned by 5 republican backing entities besides, if the pubs took credit for the low prices, they'd also have to be blamed for the rises.
2006-10-05 13:43:58 · answer #1 · answered by scottyurb 5 · 2⤊ 1⤋
In my opinion, it all depends on supply and demand.
Gas prices went way up over the summer months because they knew the consumer would buy it. People like to vacation, take short trips, etc...just basically get out of the house... during the summer...Most every summer gas prices go up some. Then when prime traveling season is over...it goes down a bit so that we continue to purchase it. They know that we won't buy as much during winter months if it is still outrageously high. They will only charge what the customer is willing to pay.
We should all learn a lesson from this and only buy what is absolutely necessary to get us from point A to point B. It wouldn't take long for the prices to go down.
2006-10-05 13:44:18 · answer #2 · answered by Anonymous · 2⤊ 1⤋
Our present administration has very little to offer the people and it is known they are for big business so they allow gas prices to go up and now that there is an impending election and they want to be reelected they lower the price. After the Nov. election the price of gas will go up again.
2006-10-05 14:05:24 · answer #3 · answered by madisonian51 4 · 1⤊ 0⤋
First of all, Summer is over, and demand is down. Funny that people want you to think the republicans have a say over it because, I'm paying 30 cents more over the national average... now tell me how THAT happens! It is because of the taxes added in by my state (NV) and other reasons (i asked a question about gas earlier)... one more thing, my gas prices have gone up a few cents within the past week... so dont believe the hype that IT'S ELECTION TIME!!!
2006-10-05 13:41:17 · answer #4 · answered by Anonymous · 1⤊ 1⤋
well... first... I don't know... but simply saying "supply and demand" doesn't make sense to me...
where I am it's been about a 30 percent change... has supply and demand changed by 30 PERCENT during that time period? I highly doubt anyone has stopped using 30 percent as much gas as they were 2 weeks ago... at least not nearly enough to make the national price drop...
I mean a small drop is expected, but this much this fast?
I'm not going to say it's an "election conspiracy"... but frankly, saying supply and demand sounds about as likely as an "election conspiracy" from what I've heard...
2006-10-05 13:46:05 · answer #5 · answered by Anonymous · 1⤊ 1⤋
Two items.
1) Elections in November
2) More oil was discovered in the Gulf of Mexico
Don't be surprised if oil goes back-up by December, when the elections are over.
2006-10-05 14:41:25 · answer #6 · answered by Reality 2 · 0⤊ 0⤋
they don't have a leg to stand on. The Democrats can not administration gasoline expenditures. all of us comprehend this. The Federal Reserve and OPEC do. The greater the fee of the dollar is going down, the greater serious oil expenditures gets. Dems promise each and every thing and supply no longer something yet lies.
2016-10-18 21:37:53 · answer #7 · answered by ? 4 · 0⤊ 0⤋
The barrel price on the commodies market tumbled. It was overpriced before due to speculation, it was a bubble and it was due to burst, it was unsustainable.
The news of a signifigant find of new reserves in the gulf of mexico didn't help keep the high barrel price supported.
2006-10-05 13:55:54 · answer #8 · answered by Dane 6 · 2⤊ 0⤋
Well, the elections are nearing and the GOP doesn't have a foot to stand on. Its usual fearmongering doesn't seem to be working, so they thought to call in a favor from their oil industry buddies to lower prices so the sheeple will think "all is well" before the elections and reelect the GOP.
Foley put an end to that scheme.
2006-10-05 13:47:05 · answer #9 · answered by Anonymous · 2⤊ 2⤋
Supply of oil flooded the market making gas prices decrease due to the law of "supply and demand".
2006-10-05 13:40:28 · answer #10 · answered by FRAGINAL, JTM 7 · 2⤊ 0⤋