Gas prices.

[mmissile]

Well, as I expected....morning after the election, and local gas prices went up 10-15 cents a gallon. Funny how that works.

 

[Hemi Rebel]

Yup

 

[1962polara]

That's strange the oil price has dropped recently to under $80 a barrel!
Sounds more like the reduced price is not being passed on.
There's a oil war on at the moment where US shale oil is pushing the saudi's to reduce their price ....they can't compete with this new unconventional oil production.

 

[mmissile]

It's American politics. Screw the citizens, till you want their help.

 

[moparmarks]

Hasn't gone up here. Still 2.75gal.

 

[YY1]

The real question is-

How come it goes down prior to an election, no matter which party is in power...

...and how come it goes back up, no matter which party wins?

 

[khryslerkid]

It went up here.

Made a trip to South Carolina over the weekend. Seen $2.57 there. Returned home to a .10 increase. $2.99

They're also phasing in a .28 tax over three years here too.

 

[mmissile]

The real question is-

How come it goes down prior to an election, no matter which party is in power...

...and how come it goes back up, no matter which party wins?

Because most of the crooks of both parties[same people/different suits] have oil interests. Look like heroes, win your election, throw everyone back under the bus. Most Americans are clueless.

 

[Moparsmitty]

Don't expect prices to get much lower than they are now. Several energy analysts have stated that if crude drops below the $70 dollar per barrel range that many of the oil companies will stop or cut way back on production. Oil in the ground is better than money in the bank for the producers. They can simply wait for a more favorable market. Since there seems to be a glut of crude and a slightly different political climate, maybe now would be a good time to get the methanol out of the gas and get rid of the federal programs that support it.

 

[ma mopar nutz]

Dam the man and his grubby hands screwing the people who keep this country going !!

 

[HT413]

Didnt help midterm elections like they hoped. Turns out maybe our people arent such sheep after all.

 

[Bruzilla]

Price dropped another .06 around here after the election.

As for prices, we've been discussing this over on the political forum for a while now and there's a new competition in town and that's oil shale. It only costs about $7/barrel to get oil out of the shale, which is close to Saudi Arabian production at $5/barrel. It costs about $24/barrel to get it out of the Gulf. Most of the oil shale companies are new start ups and not the old school guys, so while they can compete by pumping far more oil from the Gulf than from shale things are going to change once the shale guys can start pumping as much from shale as the old school guys do from the Gulf. Gulf oil, and oil from Saudi Arabia, is going to lose it's value and the old basement benchmark of $77/barrel oil prices is likely going to go away.

 

[Herr_Poopschitz]

Went down here as well...so much for that theory.

 

[Photon440]

Ah, for the good old days. The yearly average price of oil was under $12 / barrel in 1998.
http://www.ioga.com/Special/crudeoil_Hist.htm

The oil companies were still making money then...

 

[wannadrag]

Been at $2.96 here for a couple weeks

 

[texas69bee]

What we need are more refineries. $2.56 here.

 

[barnfind]

Dropped .20 a gallon today to $3.09

 

[Cman]

Yeah, you guys just keep on moaning, when you're paying near $10.00 a gallon then maybe I'll feel sorry for you :angryfire:

 

[5.7 hemi]

That is your govt.'s fault.....for taxing the living crap out of it, and also your fault for not voting them bastards out!!!! A gallon of milt here cost's more than a gallon of milk!!!!

- - - Updated - - -

I meant milk cost's more than a gallon of gas!!

 

[coloradodave]

Still $2.99 cash/debit. $3.09 C/C Northern California. No Change.