Gas prices?

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Scratch33:
** PO Content ** :banana: :chili:

Giaka:
Quote from: Scratch33 on June 08, 2012, 09:54:38 AM

** PO Content ** :thumbsdown:

That wasn't PO content....yet. :lol:

zer0netgain:
The answer to your question belongs in PO....someone please move the thread.

Gas prices are largely rigged. Supply and demand, and supply is set by those wanting to set the prices.

Economies AROUND THE WORLD are failing...mostly Europe and here in the USA, but if just one nation hits the fan, the rest are going to feel it.

High oil/energy prices only promote this coming to pass. Keeping oil prices low is an effort to delay (I'd say avert, but there is no stopping what is coming) the catastrophe that's in the works.

You could say it's all political, but the person most benefited by this really doesn't have the love of those who can set the prices...there are bigger reasons to be doing this now than just one man looking for reelection.

Rogue:
I haven't looked around but these are my guesses:

Short term deman has dropped due to economic crises in Europe, the slowing of the Chinese growth, and the move by many Americans to use more fuel efficient vehicles.

There is also some form of stability in the ME.

Hugo Chavez is dying or dead (hopefully the former).

In my opinion, what will lower the price of gas or at least stabilize it at a relatively low level in the long term is when US consumers finally bring their fuel consumption down. I give this another five years of rapid new auto consumption of more fuel efficient cars. Within 10 years time this switch will be widespread. By 2025, the switch will begin to full electrics in a widespread scale in the US. The demand will drop even more even as more Chinese will drive more cars (but much more fuel efficient than they are today). Oil prices will continue to drop. The ME will no longer matter.

Enter Bolivia and the fight for Lithium deposits. Hopefully by then, we will find a way to economically extract Lithium from Sea water.

mxvet57:
Quote from: zer0netgain on June 08, 2012, 10:15:05 AM

Gas prices are largely rigged. Supply and demand, and supply is set by those wanting to set the prices.

Around me it's still $4.00 a gal. I can go 25 miles and get it at 35 to 45 cents a gal cheeper.

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