demand is reported highest at this time of yr and the projections were for us to be at $4 a gallon here. Its down near $3 a gallon. I thought all the refineries were broken?
2007-07-11 08:29:37 · 12 answers · asked by Anonymous in Politics & Government ➔ Politics
The law of supply and demand got pre-empted by the need for oil companies to keep their insiders powerful.
2007-07-11 12:02:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
did someone just say you didn't take economics... when your asking why price is down when demand is up?
that just hurt my head...
but anyway... I think that they must have the refineries back up... and I think that people did stop buying earlier in the year when it was so high... I guess they are trying to find an equilibrium or something?
2007-07-11 15:36:59 · answer #2 · answered by Anonymous · 2⤊ 0⤋
I think there's just 2 refineries that aren't running (in the U.S.) for the remainder of the week.
Gas in my area has jumped 20 cents from yesterday to today...I'm glad the prices aren't at $4/gallon.
2007-07-11 15:34:30 · answer #3 · answered by nellbelle7 5 · 2⤊ 0⤋
Supplies are up. The war is going badly. So Exxon raises supplies so it makes Bush look better. If 3-5 soldiers were dying every day and gas was $5, we would be rioting on the Washington mall.
2007-07-11 15:34:53 · answer #4 · answered by Big Momma Carnivore 5 · 2⤊ 1⤋
Its obviously a neocon Bush conspiracy in order to make the oil companies lose money during the peak of summer...
/sarcasm off
You actually sound disappointed
2007-07-11 16:00:11 · answer #5 · answered by smitty031 5 · 0⤊ 1⤋
What do you mean? The prices are going back up over here and expected to get worse.
2007-07-11 21:28:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Market forces.
I cant speak for everyone else but I know our family has had to cut back huge on trips, visits, vacations, everything. Fuel has become the biggest bill!
2007-07-11 15:55:48 · answer #7 · answered by Anonymous · 1⤊ 0⤋
I was wondering the same, but they just went back up the other day.
2007-07-11 15:38:49 · answer #8 · answered by pincollector 5 · 2⤊ 0⤋
I noticed this morning that prices have gone up from 289.9 to 294.9 in my neighborhood.
2007-07-11 15:40:53 · answer #9 · answered by Anonymous · 1⤊ 1⤋
It must be President Bush's fault. People seem to blame him for everything else...
2007-07-11 15:34:20 · answer #10 · answered by Sean 7 · 1⤊ 2⤋