primitives play market experts; expect gasoline prices to drop

[franksolich]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3681690

babylonsister  Donating Member  (1000+ posts) Sat Jul-26-08 04:58 PM
Original message

Gas expected to fall 25 cents by Labor Day
By JIM FUQUAY

Gasoline prices are down nearly a dime a gallon from their record highs just a week ago, and the auto group AAA Texas says steeper declines could be coming even if crude-oil prices stay at current levels.

In Fort Worth-Arlington, a gallon of regular unleaded gasoline averaged just under $3.88 as of Thursday, 10 cents less than the peak of nearly $3.98 July 16, according to AAA’s survey of service stations. Statewide, gasoline averaged $3.90, down 9 cents from the peak, and the national average was just over $4, down from a peak of $4.11.

"After increasing steadily since spring, gasoline prices nationally and in Texas rapidly moved downward as the price of crude oil has fallen by about $20 a barrel, or 14 percent, since the July 7 peak of $145.29," AAA said. Crude-oil futures closed Friday at $123.26.

AAA Texas spokesman Dan Ronan said, "If the current price of $123 holds or moves lower in coming weeks, there could be a decrease of about 25 cents a gallon in self-service regular unleaded between now and Labor Day."

more...

http://www.star-telegram.com/804/story/785552.html

Oh my.  Guess whose fault it is.

Clark2008  Donating Member  (1000+ posts) Sat Jul-26-08 04:59 PM
Response to Original message

1. Just in time for the election!
   
Did anyone doubt this would happen?

gatorboy  Donating Member  (1000+ posts) Sat Jul-26-08 05:02 PM
Response to Reply #1

6. A dollar drop might be impressive.
   
But I don't see anyone making an election choice on a 25 cent drop. That this is a story is an insult.

Uh oh.  The primitives are on to us:

spanone  Donating Member  (1000+ posts) Sat Jul-26-08 05:02 PM
Response to Reply #1

8. why not? happened last time

StopThePendulum  Donating Member  (1000+ posts) Sat Jul-26-08 05:43 PM
Response to Reply #1

11. Gas prices fell two years ago prior to Election 2006....
   
...and immediately jumped when Democrats took control of Congress.

Is it just me, or did Big Oil jack up prices to spite the Democrats and the American people?

liberal N proud  (1000+ posts) Sat Jul-26-08 05:01 PM
Original message

I would bet it remains high through the Labor Day holiday weekend
   
After that it will drop, the summer travel season will be finished and the "demand" that they can never seem to foresee each year will wain.

It is a damn crime the way they play us.

TheFriendlyAnarchist  (1000+ posts) Sat Jul-26-08 05:01 PM
Response to Original message

2. 3.54 here, lowest that it's been for months.
   
Much nicer than 4.19, the $7 that I can usually hussle out of friends actually feels like it does something now.

What?  The primitive pays for his gasoline by panhandling?

Of course, that's assuming the primitive means "hustle."

Occam Bandage  Donating Member  (1000+ posts) Sat Jul-26-08 05:01 PM
Response to Original message

3. Gas prices going down after a summer peak? I bet that means they'll stay down forever!

JoeIsOneOfUs  Donating Member  (1000+ posts) Sat Jul-26-08 05:01 PM
Response to Original message

4. so which way will the GOP swing prices in October down so they can say, look we fixed it, keep us in office!!!

or up so they can say, uh oh, need tax relief more drilling invade middle east don't change horses!!!

Now wait a minute, wait a minute, wait a minute.

I thought Barry "Goldwater" Obama's inevitable; that he's going to be elected no matter what.

And "no matter what" includes the price of gasoline.

loveable liberal  Donating Member  (1000+ posts) Sat Jul-26-08 05:01 PM
Response to Original message

5. $3.60 a gallon OOOOOh what a deal....
   
stupid gasoline.

JoeIsOneOfUs  Donating Member  (1000+ posts) Sat Jul-26-08 05:02 PM
Response to Original message

7. Down to $4.17 again here - woo hoo!

Andy823  (1000+ posts) Sat Jul-26-08 05:36 PM
Response to Original message

9. Down 6 cents here
   
In central Washington state, it's now "only" $4.29 for gas, and diesel came down from $5.13 to $4.99! Not really much of a drop, but as some have said, it will remain high till after labor day. I think a lot of the price dropping is the threat from congress to pass laws that put stiffer regulations into effect on speculators. "IF" it passes, they know they are going to have to change the way they "manipulate" prices. If the price comes down congress may not pass the tougher regulations, and that's what they are hoping for. If tougher regulations are not passed, then we will be back in the same boat next year, or shortly after the election.

Gabi Hayes  Donating Member  (1000+ posts) Sat Jul-26-08 05:41 PM
Response to Original message

10. diesel hasn't gone down a PENNY in over a month in Chicago
   
I check almost every day

just filled up @ $4.59 today, and paid the same over a month ago. that's the cheapest price in the chicago area, according to the site I go to

Hmmmm.  And what's the name of the Republican mayor of Chicago?  Anybody know?

TheFarseer  (1000+ posts) Sat Jul-26-08 05:49 PM
Response to Reply #10

13. This is a form of price-fixing IMO
   
The oil companies can control the price of diesel by choosing to refine more gasoline. Demand for Diesel is less elastic than gasoline so high prices won't affect sales as much. People can drive less but truckers and farmers can't work less.

Hubert Flottz  Donating Member  (1000+ posts) Sat Jul-26-08 05:48 PM
Response to Original message

12. And Go up to $8.99.9 by winter if John Who-Same takes the White House in 2009.

The people who fuel America also fuel John McSame's ticket to the white house. A political trick to try and fool some voters, IMHO.

[Crazy Horse]

0.25/ gallon no big deal........................

I would have saved $5 yesterday when I topped off, over a month that's about $20-$30 dollars. Might be just a drop in the bucket for the poo flinging idjits...............but I'm sorry, being a white, single, childless, 60+ hour/week working male...............I get the ever living shit taxed out of me, so $5/ week of savings means something for me.

So to all you poo flinging idjit primitives 

Just wait till the GOP with their new shiny dangling jinglebobs they found get us opening up the Shale, ANWAR and the outer continental shelf........the price of gas will fall to about an average of 2.25 or less as the price of oil plumments.................so go stick that corn cob in your ass dummies and smoke it you sick freaks

[Bondai]

Every time I read a post by babbling lion pisser I get riled up, ungrateful snot that she is. She is too stupid to see that we are sitting on a gazillion barrels of oil and her dream dates in Congress won't let us drill. She needs to stick to something she knows, leaching off the American taxpayer and munching carpet.

[Lord Undies]

JoeIsOneOfUs  Donating Member  (1000+ posts) Sat Jul-26-08 05:01 PM
Response to Original message

4. so which way will the GOP swing prices in October down so they can say, look we fixed it, keep us in office!!!

or up so they can say, uh oh, need tax relief more drilling invade middle east don't change horses!!!

Those brilliant democrats should call the Republicans' bluff by voting to open any and all areas to exploration, drilling, and mining.  That'll show 'em.

[JohnnyReb]

In the "UN-BLUE" state of S.C. it was $3.54/9 in florence friday........it costs to live in a "UN-RED" socialist state, DUmmies.

[RightCoast]

In the "UN-BLUE" state of S.C. it was $3.54/9 in florence friday........it costs to live in a "UN-RED" socialist state, DUmmies.

Yes it does - still over $4.15 in CT.

[jukin]

In the "UN-BLUE" state of S.C. it was $3.54/9 in florence friday........it costs to live in a "UN-RED" socialist state, DUmmies.

Yes it does - still over $4.15 in CT.

Try living in the Peoples Republic of California, 4.59 for regular. 

[Lord Undies]

$3.69 this morning up on the highway.  Whooda ever thought that would look like a bargain?

[Airwolf]

Its simple really. Open up what we have here,drill it and the Shieks won't be able to ride us like they own us. Also the Government needs to make it easier to fix the infrastrcture of the oil companies so they can build new refineries and fix and repair their rigs damages since Katrina.

[JohnnyReb]

In the "UN-BLUE" state of S.C. it was $3.54/9 in florence friday........it costs to live in a "UN-RED" socialist state, DUmmies.

Yes it does - still over $4.15 in CT.

Try living in the Peoples Republic of California, 4.59 for regular. 

That's a dollar and a nickel for the privilege of living amongst moonbats.......shoot, you could get 3  12 oz. Buds for that when I was a teenager.