Why Gas Prices Are Falling

[Alanlvsjudy 0]

If the article is true, we should all vote Republican then, to keep the gas prices low?

i've got to make a car that runs on democrats

If you do its exhaust will be the same as a horse's....

[GaryC 7]

Simply amazing! When the price goes up it's Bush's fault because he is in the pocket of big oil. When the price goes down it's Bush getting pay-back from big oil. So by your reasoning there is no circumstance that isn't a Bush engineered trick. Don't you see how silly and paranoid you sound?

[Mr. Big Dog 10,747]

Simply amazing! When the price goes up it's Bush's fault because he is in the pocket of big oil. When the price goes down it's Bush getting pay-back from big oil. So by your reasoning there is no circumstance that isn't a Bush engineered trick. Don't you see how silly and paranoid you sound?

Have you actually bothered reading the piece?

Just as Enron and others could manipulate, if not directly control, California prices by closing power plants at will, so can oil companies reduce refining profit margins (which were gigantic) to keep their friends in power. That's easier to control than futures where other players are in the market, and it's something retailers pass on to drivers. This is not conspiracy, but self-preservation.

Where does it say it's Bush's fault? Have the oil companies not raked in disproportionately high profits while all of us - including you - were getting shafted at the pump and any other place where gas prices matter? Did Enron not wrongfully manipulate energy prices? I thought a court of law had established some time ago that it did. Those greedy thugs that head the Enrons, Oil Corporations and whathaveyou would like to have a few more years of re-distribution of wealth from the bottom to the top. And Bush and Co. are the one's that will make it happen. I mean, a $5,000,000,000.00 return (tax breaks) on a roughly $40,000,000.00 investment (GOP campaign contributions) sounds pretty decent to me. That is how the cookie crumbles in D.C. And that is why the profit margins are a bit thinner these days making your gas and mine a bit cheaper.

But don't worry: It's already been announced that the gas prices will be heading north again come winter - as in after the elections. Yes, there will be more demand in the winter, but there will also be an adjustment to the profit margins. You can bank on that. The oil companies sure do.

[ual777 0]

Interest rates and hedge funds do not control the commodities market. The commodities market has traditionally been through cycles like we are seeing now. I personally believe all the stuff being said about India and China is hot air being put out by OPEC. There is no oil shortage, they just want to make more money. I remember when it first started rising that they said the target price per barrel was $27-30 a barrel. NOW, they say it is $60-65. The greedy bas*ards make me sick. DRILL THE GULF OF MEXICO AND ALASKA AND THE PRICES WILL FALL DRAMATICALLY!