GAS prices are FALLING – BUT WHAT ABOUT AFTER THE NOVEMBER ELECTION?
Gas prices have fallen sharply in the past MONTH and a half.
Despite the fact gas prices are based on supply and demand , demand has only risen while supplies have been mildly harmed by BP’s pipeline problems and problems withint he infrastructure dating back to Hurricane Katrina.
Many of us aren’t fools though. WE KNOW THAT GAS PRICES ARE DROPPING BECAUSE THIS IS ELECTION YEAR (less than 2 months away).
My question is, how many people are going to let falling gas prices SWAY their vote?
America has been using the national debt and astronomical military spending to subsidize the true cost of fuel. This is not an opinion, this is an accepted fact among political researchers. You can bother to investigate it yourself.
JUST KNOW, AFTER NOVEMBER, GAS PRICES ARE RIGHT BACK UP TO .25 – I’m willing to bet money on that.
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11 comments
dslcobra on April 25, 2010 at 2:12 pm
The 2 months following the election, gas will rise at least .50 cents. After that, we’ll be lucky if it doesn’t go back up to $3.30
uscitizen a on April 25, 2010 at 2:12 pm
After the elections you can grab your ankles and get ready because its going up up up!
spook12spook12 on April 25, 2010 at 2:12 pm
They were pumping at full capacity and if you read the Journal today it stated that foreign countries want a bigger percentage. Remember in 4 years the big oil fing in the Gulf of Mexico kicks in and then it is another ballpark. Bush wasn’t responsible for the oil problem it was the "Hedge Buyers" and the many problems causing the Hedges to trade higher.
musicjunkie on April 25, 2010 at 2:12 pm
DUH. Of course the prices will hike back up. Wanna know why?
The only reason gas prices are going down is because it’s end of season – end of summer.
MEANING, the summer fuel mix will very soon be useless. When winter comes around, they mix fuel differently. They’re basically getting rid of the excess summer kind. Basically, it’s like an end-of-season clearance.
Jim on April 25, 2010 at 2:12 pm
Our gas prices have dropped to but not quite to the point of where is was prior to 9/11 . Close but no cigar prior to 9/11 it was 68 cents a litre or so now it’s 73-78 cents …..We might (I hope boot Harper out in he a non confidence vote ) but there is no election here yet It’s nice of you Americans to give us this artifical break in the artifically high prices ….
That said what bothers me is how transparent the governments (US) is in the price of crude and thier motives and yet it works anyway ……
Śwaggs on April 25, 2010 at 2:12 pm
They will rise again, and the neo cons will refuse to believe it has anything to do with price gouging, lol.
battle-ax on April 25, 2010 at 2:12 pm
They’ll start climbing again in January….just like they always do!
fr_chuck on April 25, 2010 at 2:12 pm
Ok, lets try this slowly.
It is not always the actual supply since there is a backlog of supply but it is the assumed or precieved supply.
People buy "futures" everyday. some people invest that prices will be a certain amount on a certain time. if it sells for more, they make money, if they sell for less they lose money.
So when you hear of positive news, investors are more likely to invest, when you hear bad news it will slow it down
Take today, Walmart annouced that they would try in Fl selling non name brand prescription drugs for 4 dollars.
the stock of every other drug store fell greatly today.
Walmart has not even started selling it, don’t know if it will work, only said they will try it in one state.
But people started unloading other drug store stock thinking they will lose alot of business.
Did any store lose money today, nope, will theylose money for the next 6 months, nope, but today these corporations lost alot of value.
so with gas prices, investors can effect the price by alot of things like this.
And in actual use, yes after NOV, heating oil ( also gas) will increase and prices go up. But it goes up every NOV and DEC. And normally early spring, goes back down, then back up in June for the summer travel season.
( I always thought the travel season was more greedy oil companies but that is just me)
Allan M on April 25, 2010 at 2:12 pm
The oil companies control the fuel prices. Elections have nothing to do with fuel prices. It’s a couple years away for a presidential election anyways.
Speedfreak on April 25, 2010 at 2:12 pm
Next, you will tell me that the government is controlling the financial and commodities markets which set prices on contracts. I don’t think Uncle Sam is too astute when it comes to the futures, options, and other derivatives markets.
So many fools out there. Even I am surprised at the number of them. Yahoo Answers brings them in like bees to honey.
janie on April 25, 2010 at 2:12 pm
thanks for reminding me…I was wondering why they were low.
No, I will still vote democratic, but I do NOT believe the vote counts anymore after my intensively three years of study and participation in the vote fraud issue in Ohio as an activist.