Gas prices are plummeting, yet...

[R.R.]

Falling Gas Prices Leads NBC, But Williams Raises Election Motive

The media can’t help themselves. They have to try and portray every positive news about the economy as something bad.

There’s an election motive, lower gas prices will cause inflation.

Yet NBC does deserve some credit for at least mentioning the plummeting gas prices. I saw it mentioned on ABC news as well. Some guy was ecstatic that he saved $15 at the pump. Another lady said she was going to use her savings to go to Blockbuster. It’s kind of silly that the economy has been booming for the past year, but people really didn’t recognize it until they saved some money on gas. 

[Plane]

Chavez has not been giving oil away to Americans. He has been selling more cheaply to Cuba and a few other countries.

 The world price of oil is one thing, by the way, and the local price of gasioline is quite another. The latter is determined by Bush's buddies. The former is irrevevent to anyone who does not want to buy tons of oil and has their own refinery.

Watch and see, after the elections, the price will rise again.

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You ought to pay attention to Hugo Cahvez , he is traveling about offering sweetheart deals to partys and factions he likes.

If you were going to the Tobqacco Auction as a buyer and saw someone outside the gate giveing bales away at steep discounts would you still go in and bid on bales at competitive prices? At the least haveing someone outside the auction giveing away the product will reduce the number of bidders that go in ,even if not all buyeres were welcome to be gifted.

Hugo Cheves is doing all he possibly could to drive down the world price of oil and the Harlem price of heat and everything in between will feel the depression of price. Castro is not haveing to bid , whoever he is dealing with ,giving a good deal, will be removed from the bidding.


   What more could he do to depress the price of oil?  If there is a big spigot being turned on it is Hugo's.

  According to your theroy he is doing this for his love of George Bush.

[Brassmask]

Funny how the gas prices SUDDENLY start going down in the run up to the November elections.  Odd, how that happens a lot in the last five years.

[Amianthus]

Odd, how that happens a lot in the last five years.

You mean it happens every year at this time?

Even in years there is no election?

Perhaps it happens at this time of the year because people are mostly done with vacation travelling and the winter heating season hasn't started?

Or would that be too mundane? Not enough conspiracy behind that?

[BT]

Funny how the gas prices SUDDENLY start going down in the run up to the November elections.  Odd, how that happens a lot in the last five years.

Well it certainly happened in 2000, when Clinton released the strategic reserves right before the election. It's a supply and demand thing.Clinton added to the supply to artificially lower the price. If you must be cynical be cynical across the board.

[R.R.]

Oil drops to six-month low

TOKYO (Reuters) - Oil prices fell to a new six-month low below $60 a barrel on Monday as news of BP restoring output at Prudhoe Bay added to a sense of healthy global supplies.

U.S. light, sweet crude for November <CLc1> fell 56 cents to $59.99 a barrel in Globex electronic trading. By 0108 GMT it stood 61 cents lower at $59.94 a barrel, deepening a seven-week rout that has knocked more than $17 a barrel off prices.

Prices fell below the previous $60.00 a barrel low posted on September 20.

Previous frontmonth October was reported last week to have fallen as low as $59.80 a barrel on September 20, but detailed NYMEX trade data on its website showed the contract hit a low of $60.05 a barrel in Globex trade and $60.00 in open-outcry pit trade.

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Bush's fault?

[sirs]

Isn't everything?     

[Lanya]

Regular gas was $2.02 here yesterday near me, and $2.19 across town.   I give up trying to figure it out.  A lot of people I know only get $5 worth of gas at a time, because prices fluctuate so wildly.

[Plane]

Regular gas was $2.02 here yesterday near me, and $2.19 across town.   I give up trying to figure it out.  A lot of people I know only get $5 worth of gas at a time, because prices fluctuate so wildly.

If you will attend an auction , you will understand the mechanism of gas prices.

[sirs]

[Plane]

Well a buddy of mine bought some gas today at less than 2 dollars a gallon.


Will this reaqlly cement a Republican victory?


If so the Economy is stupid.

[R.R.]

U.S. gasoline prices dip to $2.20 a gallon

NEW YORK (Reuters) - The average cost of a gallon of gasoline in the United States fell in the past two weeks due to an oversupply of crude oil and in the near term, gasoline prices are expected to depend entirely on the price of crude, an industry analyst said on Sunday.

The national retail average for self-serve, regular gas was $2.2012 a gallon on October 20, down about 7.79 cents per gallon in the past two weeks, according to the nationwide Lundberg survey of about 6,000 gas stations.

This is the lowest average retail gasoline price for 2006 since prices hit $2.2407 on February 24. Gasoline prices have fallen 82.44 cents per gallon in the last 10 weeks after rising to an all time high of $3.0256 per gallon on August 11. Prices have fallen 45.75 cents from $2.6587 on October 21, 2005.

http://today.reuters.com/news/articlenews.aspx?type=domesticNews&storyid=2006-10-22T193709Z_01_N22310040_RTRUKOC_0_US-ENERGY-GASOLINE-RETAIL.xml&src=rss&rpc=22