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Hey!!! Why is gas going down so fast all across the country?

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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:46 PM
Original message
Hey!!! Why is gas going down so fast all across the country?
can you say "midterms"?
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:47 PM
Response to Original message
1. TheReal Question Is Why Was I So High Before
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rubberducky Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:55 PM
Response to Reply #1
14. why was I so high before????????????????
:rofl: Now that really made me laugh!!!!!!!!!!
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:02 PM
Response to Reply #14
24. That Too .... Sorry, Ment To Type "IT"
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rubberducky Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 05:22 PM
Response to Reply #24
36. Knew that!!
But, it was just too funny!
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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 06:34 PM
Response to Reply #24
38. yeah,
right :evilgrin:
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nam78_two Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:48 PM
Response to Original message
2. Its sure nice to have such helpful buddies in the oil industry
Edited on Fri Sep-01-06 03:48 PM by nam78_two
Just wait to see em shoot up after Nov 2 :eyes:

GOPigs
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shain from kane Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:50 PM
Response to Reply #2
7. Can't lower it too much. The oil companies could go broke between
now and 11/02/2006.
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:29 PM
Response to Reply #7
28. !
:spray: :rofl:
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thepurpose Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:49 PM
Response to Original message
3. Because the prices were being supported by a ruse in the first place
That doesn't mean they won't increase on some other flimsy excuse.
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rusty charly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:49 PM
Response to Original message
4. i posted this thought elsewhere:
Edited on Fri Sep-01-06 03:50 PM by rusty charly
my feeling is big oil doesn't want to be blamed for the coming bloodbath.
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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 06:35 PM
Response to Reply #4
39. my take is
that big oil is trying to help their Republican support group out.
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mainegreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:50 PM
Response to Original message
5. Stop saying that! You're making me jealous
cause it aint happening here!
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LostinVA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:51 PM
Response to Reply #5
9. Tell me about it!
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atreides1 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:57 PM
Response to Reply #9
16. In Alexandria, VA
The lowest price I've seen is $2.83 a gallon.
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LostinVA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:04 PM
Response to Reply #16
25. $2.84 here
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gkhouston Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:52 PM
Response to Reply #5
10. are you in a "red" area or a "blue" area?
Someone else suggested that the prices are only dropping in red areas.
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mainegreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:57 PM
Response to Reply #10
17. You can't get bluer than my area.
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nosillies Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:04 PM
Response to Reply #10
26. AHA! Not dropping here, I live in a blue county.
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:50 PM
Response to Original message
6. I think election season makes more sense than ...
... 'free market' bullshit. The price per gallon of unleaded has gone down by $0.50 in the last 30 days here in Michigan and the Detroit area. That's no accident.

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unhappycamper Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:51 PM
Response to Original message
8. November in an even numbered year is coming.
Pure and simple.
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baldguy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:52 PM
Response to Original message
11. There's an election coming in two months.
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Sherman A1 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:52 PM
Response to Original message
12. It's Election Time
Must make the masses feel a bit less unpleasant long enough to vote "Da' Boys" back into office. Then we can squeeze'em again!
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tom_paine Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:53 PM
Response to Original message
13. They have no need to hide it anymore, so far have we fallen
Of course it is about mid-term "elections". They have gouged billions and will ahve a fee hand to gouge more. All they have to do is temprarily stop stealing as much and they will be able to have long, long periods where thery can steal as much as the Imperial Subjects of Amerika will pay.

From a business perspective is a no-brainer. Abate your stealing for six months, in order that you may be able to steal with impunity for decades.

As I said, a no-brainer for corrupt Busheviks.
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jsamuel Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 03:56 PM
Response to Original message
15. gas prices have peaked, sell your oil now
Edited on Fri Sep-01-06 03:56 PM by jsamuel
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Ilsa Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:00 PM
Response to Original message
18. Yep, down to $2.50 a gallon here in TX.
It dropped 8 cents in five days here. It has been dropping every four days from what I can see.
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Pharaoh Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:00 PM
Response to Original message
19. From 3.19
to 2.89 in one week here in wisconsin...........can you say midterms!

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annarbor Donating Member (543 posts) Send PM | Profile | Ignore Fri Sep-01-06 05:10 PM
Response to Reply #19
35. Here in Ann Arbor....
It went from $3.19 to $2.52!
I keep tapping off my gas tank, waiting for the prices to soar again.

Ann Arbor

Michigan
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thoughtanarchist Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:01 PM
Response to Original message
20. I'd like to see a chart...
...that superimposes the biggest drops in gas prices vs the most highly contested battleground states for the midterms.

I suspect that the overlap would unveil an interesting correlation.
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AX10 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:01 PM
Response to Original message
21. Election Season 06' begins on Tuesday!
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Niche Donating Member (687 posts) Send PM | Profile | Ignore Fri Sep-01-06 04:01 PM
Response to Original message
22. Uh. Midterms.
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onenote Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:02 PM
Response to Original message
23. world crude oil prices have been dropping
Between $3 and $5 per barrel in past month.
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 05:07 PM
Response to Reply #23
34. Doesn't look like a thread that actually wants to hear the real market
reasons for the price of a commodity.

Looks more like a :tinfoilhat: thread.
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CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-02-06 02:54 PM
Response to Reply #34
41. you both need to grow up
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mikeyj84 Donating Member (103 posts) Send PM | Profile | Ignore Fri Sep-01-06 04:06 PM
Response to Original message
27. Gas Prices
They'll be back up again after the November elections and their flimsey excuse will be they're refining less gas for home heating oil!!!
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Blue_In_AK Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:33 PM
Response to Original message
29. It's not going down here
very fast. We didn't get up as high as most of the rest of the country, but we're not dropping very fast either. The cheapest I saw this morning was $2.80.
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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:51 PM
Response to Original message
30. because it was all a scam to make us happy to see $2 gas
and the timing of the drop is not accidental..

Nothing happens by accident :(
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 04:58 PM
Response to Reply #30
31. Hey! It works for partisan political candidates, why not gasoline?
After all, in a sane nation no liberal would ever support Ben Nelson or Zell Miller or other right-wing "Democrats" ... but it's better than the alternative, right? Hell, just keep lowering the standards. It's the same thing with gasoline. $2.50 looks good compared to $3.10 ... and the people just get in line to drink the Kool-Aid.

:eyes:

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KT2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 05:01 PM
Response to Original message
32. Not here
NW Washington.
It went down to $3.06 for the cheapest and shot back up soon after - $ 3.16.
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partylessinOhio Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 05:02 PM
Response to Original message
33. So gas drops a few cents a gallon and that is considered "LOW?"
This lie and your $300 tax refund will buy you a cup of coffee.

The sheep will fall for it along with the war drums and *'s 9-11 visit to Ground Zero.

Gawd, wake the hell up, Amerika!


Fifteen more families will be burying their loved ones killed since Sunday in Iraq. Who will be the last to die?
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happyslug Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 05:40 PM
Response to Original message
37. Traditional End of Summer low Gasoline prices
Traditionally Gas prices peak around Memorial day, and then decline slowly all summer long. The reason for this is in April the refiners switch from making fuel oil to making gasoline, but Gasoline is generally in short supply as people drive more do to the warmer weather till about Memorial day. Gasoline is produced all summer then about September the makers switch back to making Fuel oil for the coming winter.

Now, Gasoline and Fuel oil is produced at the same time in the same process, but the refiners can switch ,to a degree only, between the two. The key is WHAT is the primary AIM of the production, Gasoline or Fuel oil? In winter it is Fuel oil, in Summer Gasoline. You have a surplus of one or the other during the time period just before the changeover.

Thus we are at the time of the year when Gasoline should be at its LOWEST price. People vacation plans are done and people will be driving less than in the Summer Months, but production of Fuel Oil has not yet begun. This is complicated by the effect of HIGH PRICES. One of the affects is people driving less (or otherwise using LESS Gasoline). Thus you had people who canceled trips do to high Gasoline prices, people who bicycled to work do to high gasoline prices, and even people who took Mass transit do to high Gasoline prices (and people who traded in low mileage cars for high Mileage cars). All of these groups would be buying less gasoline causing a drop in demand and with less demand for Gasoline comes downward pressure as to prices.

BOTH of the above (i.e. excessive stocks do to 1. production in favor of Gasoline over fuel oil and 2. drop in demand do to people using less gasoline) may explain the dropping prices of Gasoline. Oil prices, by the Barrel, is still staying above $70 a Barrel, the price it has been for months. My guess is that the oil Companies produced to much Gasoline during the Summer (Do to a drop in DEMAND do to the high price of Gasoline) and the refiners now are pushing gasoline onto any retailer who wants it (More to free holding tanks for Fuel oil that is being made now for use this winter).

The above is enough to explain the drop in Gasoline prices. Now it is possible that someone in the Government is selling gasoline to keep the price low, that would ADD to the pressure for the price to drop, but the Government emergency fuel reserve is NOT refined oil (Through some is gasoline, Diesel Fuel and Fuel oil), but mostly unrefined oil. Thus selling the oil reserve would reduce oil prices generally, not just gasoline (and the present drop seems to be lead by Gasoline, not general drop in the price for oil products). Is it possible that the price of Gasoline being manipulated for the election? yes, but unlikely, seems more to do with more normal causation.
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buddhamama Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-01-06 06:35 PM
Response to Original message
40. either that, or the holiday weekend
a lot of business is lost when people won't travel and spend their money.

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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-02-06 02:55 PM
Response to Original message
42. Hi, Disney!
:hi:
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CatholicEdHead Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-02-06 02:56 PM
Response to Original message
43. $2.59 here
in southern Minnesota.
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