Gas Prices - Who's to thank

So I heared an interesting question today on my favorite AM station.

With gas prices falling, who is to thank or support? Dems or Reps?

**Keep in mind when the prices were up, the Dems blamed the Republicans.**

do you:

1 - Support Dems
2- Support Reps
3- just be happy with what you can get

[edit on 27-10-2008 by SGSPatriot]

Its not either of them...

instead its supply and demand. The world economy is crumbling, and more and more people are conserving energy.

If anything, it is a sheer testament to the average person being able to cut back to the point that the gas prices plummet.

Exactly.

My wife and I have a all-in-one package from our cable provider. As of a few weeks ago, me being disgusted with the TV programming and MSM, we decided to X the cable tv. So now we have just phone and Internet.

Well yesterday, they sent a rep out asking why we dont have cable TV service. My reply was simple, "we are cutting back on spending, so please remove yourself from my doorstep."

It may be a bit off topic but I think it follows the same principle.

sticking it to corporate america... NICE!

The economy is going to go down the tank as more people decide they don't need half the stuff they think they do...

HBO is not necessary to survival...

I like you!

I dont have a Cell phone either. I enjoy my privacy. Like many REAL Americans, my wife and I are sturggleing to make ends meet. But we are doing what we can.

Nov 4th will surely prove what can be expected from our 'leaders' in the comming months.

What I find interesting is that with oil prices dropping under half what they were, why aren't gas prices dropping to half what they were? Hmmm greed maybe?

What I find interesting is that with oil prices dropping under half what they were, why aren't gas prices dropping to half what they were? Hmmm greed maybe?


-Gasoline is not the only refined product from a barrel of oil.
-If you follow the historical ratio of gas to Barrel of oil pricng, Gas should have been ~8.00/gallon at $147 barrel of oil. Instead Jet A fuel took the biggest increase.

Well that is true but the moment they raise the oil price gas shoots right up with it. Often before you could get to the gas station. When it comes down it takes days for the gas prices to drop.

I see it as similar to the banking industry. If you deposit a check in your bank account it takes a few days to clear and be added to your account but if you use a check card to buy something you can bet that money gets removed within seconds.

The prices started going to down the day Bush lifted the ban on drilling offshore. After that the congress ban on exploration expired. Ever since, the prices have been dropping. Which is in line with what many Republicans have been saying, if we explore and drill more of our own oil, the prices will fall.

[edit on 27-10-2008 by Marcus Calpurnius]

I would actually suggest that possibly it was none of the above. I know where I live we always see prices go way up in the summer months when people are more prone to travel, and come back down after Labor Day. Personally I think it is the oil/gas companies trying to get as much out of us as they can when they know we are going to be using the most gas. Sure some people put off traveling, but I am sure this summer with the amount they were charging they more than made up for that.

Gas prices are not responsibility of either party.. how do you even correlate this , whats caused gas prices to fall is demand has slumped, more and more people are not working (unemployment)and or conserving fuel (car pooling etc), many are driving smaller more fuel efficient cars.. how many old junker geos are you seeing on the roads now.. I know people that have a netxt to new suburban in the drive way, but drive there old ugly rusty Honda , since it goes 2-3 time further on the same amount of gas..

The economy is collapsing, and people are feeling it hard now and finally making changes in there life to adjust .. demand for fuel slumped and thus no demand prices fall.. there is no one to thank except for your self and neighbors for cutting back a bit on there usage..

there are however different factors but the biggest is supply and demand. For instance one of them now is the dollar is pretty strong, thus buying more fuel per dollar.. however be prepared , once all these bail outs hit the ground floor the dollar is going to fall through the floor and gas will go up.. as the dollar will be worth less..

Without question we should thank Goerge Bush and his administration. His management of our economy and basically non-existant oversight tyriggered the global economic collapse that has precipitously dropped global demand and caused the lower prices.

It's kinda like losing weight by sawing off your arm. It works but at a pretty steep cost.

Those of you know dont understand, In most cases with people whinign about high gas prices, 9 times out of 10 it gets tagged to Republicans. That was my point.

I know I didnt state it but im sure most of you would agree with that comment.

reply to post by SGSPatriot


Gee... sounds like you weren't around during the 70's gas crisis, eh?

That was then this is now.

Stop being liberal for one second and try to take some accountability for once.

The past has no bearing on today. People who live in the past will be fools in the future.

I don't blame the Republicans for the gas price crisis. I blame the oil companies. Oil companies back both parties but they are more tied to the Republicans since they are owned by Republicans for the most part. It's not the Republicans as much as people's perceptions. For instance it is well known that Bush is an oil man so it isn't a surprise that he did nothing for a long time to stop the rising prices. His call for drilling may have affected oil speculation but it make the price drop anymore than that effect does.

The obvious drop lately to me is an attempt by oil companies to lessen the perception that McCain is tied with the current gas crisis because he is a republican. What a surprise too that McCain was the one telling us that "the economy is sound". These are attempts to distance McCain from the problems that the Republicans and the Bush administration have caused in the last 8 years.

Enjoy the drop in gas prices, it won't last much longer than the election, better fill up this week.

In September 2007, Senator Carl Levin (D-MI) introduced Senate Bill S.2058 specifically to close the "Enron Loophole" This bill was later attached to H.R. 6124, the Food, Conservation, and Energy Act of 2008, aka "The 2008 Farm Bill". President Bush vetoed the bill, but was overridden by both the House and Senate, and on June 18th, 2008 the bill was enacted into law. One specific reason behind its introduction was to address the record high oil prices of the 2000s energy crisis. Since it was enacted, average gas prices of regular unleaded gasoline in the U.S. have dropped $0.357, from their record high of $4.114 on July 17, 2008 to an average of $2.781 as of October 24, 2008.

Source: en.wikipedia.org...

Obviously, many of you forgot that on Friday the OPEC got an emergency meeting and the production of oil was cut.

So like I said before months ago, the prices of oil will go down and gas will become more affordable up to elections after that the prices will become once again unbearable.

OPEC cuts in production will do just that, the supply and demand will even out and prices will turn once again profitable for the oil rich nations.

After all they are losing money right now.