gas prices DROPPING in august? what will those evil oil refiners think of next?

Question

http://www.yahoo.com/s/645023

Answer 1

Since the Dems blamed Bush when the gas prices soared, I wonder if he'll get credit for their decrease as well?

My guess is no ; )

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Answer 2

Actually, American consumers use two different types of gasoline - traditional and summer-blend.

The summer blend is designed to evaporate less slowly in the heat, thereby releasing less hydrocarbons into the atmosphere. However, in the winter this summer-blend can make it difficult to get you car started.

So the summer-blend, slightly more expensive to make, has a limited supply and therefor a higher price, while the traditional blend is made more cheaply and frequently, hence the lower price.

Transition to the summer blend begins around May (hence the rise in price just before summer) and ends sometime in August.

One last note: more people drive around in the summer (road trips etc), so demand is higher thereby raising prices.

Answer 3

Of course it's dropping. Now that all of the summer vacationers have come home to stay and they aren't traveling all over the US, the oil companies aren't going to make that big buck so they took the price of gas back down to what it was before summer.

Answer 4

They will dream up a refinery fire a few days before Labor Day. Just in time for high holiday prices for all the extra traveling.

Our country badly needs some new refineries. They don't have the capacity to meet our increasing demand so when anything happens there is a shortage. Too bad nobody wants them in their city because they are dirty.

Answer 5

The democrats have beaten them to the punch but wanting to increase taxes on gas so the price will go back up.

Answer 6

Well, assuming you want a political spin analysis....

One argument is that the American people are currently angry with the govt -- both branches. But, when gas prices drop, they get less angry. And September is when the Republican debates are scheduled, and when the Iraq Status Report comes out -- so it's in Republican interests to have the populace content and happy during such events.

That's a political spin based on pure conspiracy theory -- the real reason may be something else entirely.

Answer 7

that's grant and insist, there is not lots call for and extreme grant ability fees are going to drop. additionally a great area of the clarification that the oil fees (as you pronounced) skyrocketed is by way of idiotic speculators who pronounced that oil could decide for this fee and it forced the cost of oil to pass up! could a number of the blame pass to the oil companies? specific it is going to, could credit pass to them for the cost dropping? possibly, although i'm nonetheless waiting to work out how this all pans out in my view.

Answer 8

You need a good course in Economics 101. You don't have a clue about supply and demand and the fact that the last refinery allowed to be built here was in 1978.

Answer 9

It's no big conspiracy. The refineries are producing what they are supposed to. Supply has gone up, demand has remained the same. Prices drop.

Answer 10

Haha. Bush was blamed for gas hikes, let's see if those same people praise Bush for lower gas prices.

My guess is not only no but HELL NO.