Why have gas prices dropped so much?

Question

Gas prices have dropped about 50 cents where I live....why is this happening so fast? I thought they were only going to go higher....?

Answer 1

Yu be manipuwated!

Answer 2

right here in southern ky gas replaced into 2.40 8 once I went out to get some final night,yet they stated on the information this morning gas has dropped under sixty 4 funds a gal a 17 month low so it may bypass down a lil extra right here thank goodness i say i desire it retains on occurring,yet opec is think to have a emergency assembly today to drop production by a million.5 million barrels an afternoon tocontinual the charges back up simply by fact the call for is so low impressive now

Answer 3

Maybe because the bottom has dropped out of the many off-shore oil wells and millions of gallons of oil have rushed in. That kind of an affect can become hypnotic to the Arab Oil Geezas and can cause them to unconsciously follow along.



So long as the American consumers don't make too much noise about the fact, the Oil Geezas may not notice and make changes



The best advice is to buy your gasoline and quietly pay your bills without too much attention being paid to price. If we can continue to fool the Arab Oil Geezas, we may have cheap gasoline right up to Christmas.



Shhhhhhhh.

Answer 4

Elections are coming in November. Republicans don't want to lose all their seats in Congress. Out of desperation, they bribed Big Oil to lower prices so they'd have a single positive to offer the voters on Election Day.

Answer 5

Cuz Bush is trying to look good close to elections all of a sudden....

After 5 years of paying out the ***,he thinks..Hmm..I better start looking good again...I have made enough to tide me over for a lil while and can afford to drop the gas some..then I will raise it right back up!

Answer 6

Because people realized gas cost too much and they stopped buying so much of it. The economy slowed enough to scare the oil speculators who were jacking the prices.

Now we get to be happy about the price of gas while we watch the stock market tank because housing prices are dropping and everyone is overextended on their credit cards, with little hope of pay raises to pay for the bills.

Got Milk?

Answer 7

Gas prices are also dropping in Europe. Perhaps the rich people who jack up the wholesale prices complained to the rich people who jacked up the fuel prices and complained they were taking away some of their riches.

Answer 8

Easy - midterm elections. The RePUBICans don't stand a chance of staying in power with everything that is going on.



They'll go up even higher next year.



Don't buy that Suburban.

Answer 9

Mideast fears have cooled a bit with the end of the Israel - Hezbollah war, and oil production is steadily increasing. The Saudi government also announced that it would see no reason to bottleneck production, and will produce more.

Answer 10

People seem to think that politicians actually affect anything. Look to the dollar people! When the automakers stop moving product (suvs and such) because joe average can't afford to fill his tank, they call the suppliers of the gasoline and tell them to lower the price a bit.

Answer 11

The price of oil by the barrel dropped by about $3.00 in the last few weeks ergo your pay at the pump is less

Answer 12

There's going to be an election in 50 some days.

Afterwards, your thoughts will be correct.

Answer 13

Dude dont complain about the gas prices... if there low its a good thing right?

Answer 14

Because they couldn't keep the ruse that the oil companies really needed to charge that much in the first place up any longer.

Answer 15

On the radio it was reported as a "mysterious surplus in fuel reserves". Which, basically translates to, "Elections are coming, and we want you to think Republican is the way to vote".

Answer 16

The Republicans lowered it as they are worried about the mid term elections coming up for the senators and the house...

Answer 17

Yes, they're giving it away. How big are the smiles on all those texans faces that your asking this when gas is still over $2

Answer 18

Because we are on the eve of an election. The Republican majority apparently doesn't want fuel prices to be an issue. There's really no other explanation.

Answer 19

Holy c**p!! There's Kim Jong Il three posts up! Let's GIT UM!!

Answer 20

Summers over.

Answer 21

I think their quarterly reports are due and for tax reasons, most companies don't like to report a large gain (for obvious reasons). Don't fear - they will rise again - arghhh!

Answer 22

Don't ask, just enjoy. Have been told that they might get down to $1.50 a gallon.

Answer 23

because of the what happen to pipe oil in alaska they had to shout it down four four monthes and now it fixed.

Answer 24

Did you see the "Wizard of Oz"? Oz turned out to be a little man who made the town go - manipulated everything - once he was found out his power was gone.

Answer 25

The republicans want to use it to get your vote in November. Bush is an oil man, don't let them fool you again.

Answer 26

well as posted above summers over, up coming elections

Answer 27

God did it. He's planning another victory for Republicans!



Praise the Lord...Praise the Lord.....

Answer 28

Im sure President Bush will get blamed for that too!!

Answer 29

Oil is a commodity, it will rise and fall depending on many circumstances.

I get the feeling you are trying to tie this to President Bush. If you are, stop making a fool of yourself by buying into the left wing conspiracy theories.

Answer 30

Elections are coming up

Answer 31

I think it's because we have elections coming up in November.

Answer 32

vacation time is over back to school

Answer 33

I have no idea, just enjoy them while it lasts. Just say its a gift from God!....

Answer 34

Who knows! I dont care, im just glad they did!!! :0)

Answer 35

less worldwide demand

Answer 36

just wait for the holidays and they will go back up......

Answer 37

us mid term elections......you love it, so you'll love your current politicians