Quote:
Originally Posted by kurty[B]
I personally think they lowered prices, because people were complaining that they were $3/gallon. I don't know about elsewhere, but here gas is now in the high $2/gallon ($2.7, or 2.8ish). I think they want to give us a warm fuzzy feeling "Oh, at least I'm not paying 3.20 a gallon", and then prices will surge to $4/gallon next year, and they will ease gas prices to $3.8, or $3.60 so we'll say "phew, at least I'm not paying $4 a gallon!" The election might have something to do with it, but I really don't think so.
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So it's election time again, and I thought I should find this from two years ago. Gas just happened to fall $0.80 in the past week or so. From $3.80 to $3.01 I saw today. I bet it won't go up again until January or so. And I wouldn't be surprised if people are happy it's $3/gallon since it was worse not too long ago.
Now, the economy is the big issue this election, it isn't the gas prices as much. But since this is in paranoia, I'll say I bet that the big oil producers are concerned that there is a lot of talk from both sides to develop alternative fuel cars. Even I am building one now. It would be interesting to see how much big oil lobbyists are putting into congressional elections this time around.
So, did oil producers, oil investors and oil cartels figure out that $5/gallon is the price where Americans start complaining enough to actually do something about it?
I'll have to look through my 2007 receipts to see if there is a pattern of gas prices coming down in Oct/Nov.