Buck531 Posted June 30, 2012 Report Share Posted June 30, 2012 I haven't keeping up with the current affairs other than the Obama really cares health deal. What's up with the dropping in gas prices? I like it.. just wondering why. Quote Link to comment Share on other sites More sharing options...
Radio Flyer1647545514 Posted June 30, 2012 Report Share Posted June 30, 2012 The barrel has been dropping with the economy in EU. A few people have asked why gas isn't cheaper than what it was last time it was at 85 a barrel. Quote Link to comment Share on other sites More sharing options...
Green Bastard Posted June 30, 2012 Report Share Posted June 30, 2012 the price per barrel doesn't directly effect gas prices, mostly due to the refining process. Quote Link to comment Share on other sites More sharing options...
copperhead Posted June 30, 2012 Report Share Posted June 30, 2012 falling price of gas lags behind price of oil demand is way down thanks to Europe falling apart, our unemployment ticking back up a bit, slowdown in demand from the developing world (China, India), and Saudi Arabia raising production higher than OPEC wants them to. So that's why gas is dropping. Although friday oil rebounded pretty hard so gas prices will probably be back up a bit this week. Quote Link to comment Share on other sites More sharing options...
Cordell Posted June 30, 2012 Report Share Posted June 30, 2012 Its an election year. /thread Quote Link to comment Share on other sites More sharing options...
MattKatz Posted June 30, 2012 Report Share Posted June 30, 2012 ^^^this. Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted June 30, 2012 Report Share Posted June 30, 2012 Its got less to do with current events, and more to do with past events. Over the winter and last fall, the barrel price of oil was massively inflated as people were betting on gas being at an all-time high this summer. Now the price of oil is dropping due to factors listed above, but that has less to do with it. This isn't so much gas prices dropping as it is shedding the artificially inflated prices of the past 6-9 months. Just another indicator that our economy has learned absolutely nothing from previous collapses. Quote Link to comment Share on other sites More sharing options...
iwashmycar Posted June 30, 2012 Report Share Posted June 30, 2012 Im just glad it is 2.76 instead of 3.76. Hope it stays pretty consistent for a while... the huge ups and downs are annoying. Quote Link to comment Share on other sites More sharing options...
SinisterSS Posted June 30, 2012 Report Share Posted June 30, 2012 falling price of gas lags behind price of oil demand is way down thanks to Europe falling apart, our unemployment ticking back up a bit, slowdown in demand from the developing world (China, India), and Saudi Arabia raising production higher than OPEC wants them to. So that's why gas is dropping. Although friday oil rebounded pretty hard so gas prices will probably be back up a bit this week. this ^^ I heard its going up $.60 within the week, if this is true better fill up Quote Link to comment Share on other sites More sharing options...
mrs.cos Posted June 30, 2012 Report Share Posted June 30, 2012 this ^^ I heard its going up $.60 within the week, if this is true better fill up Of course it's going to go up this week... It's fourth of July... And since it falls on a Wednesday expect the jump on Monday. Quote Link to comment Share on other sites More sharing options...
oh8sti Posted June 30, 2012 Report Share Posted June 30, 2012 Obama wants reelected Quote Link to comment Share on other sites More sharing options...
unfunnyryan Posted June 30, 2012 Report Share Posted June 30, 2012 Obama wants reelected but i thought he was a facist with a big red raise the gas price button that releases bulldozers into a field of puppies :no: Quote Link to comment Share on other sites More sharing options...
TurboGoKart Posted June 30, 2012 Report Share Posted June 30, 2012 Its an election year. /thread Bingo. Quote Link to comment Share on other sites More sharing options...
Dragu1a Posted June 30, 2012 Report Share Posted June 30, 2012 Its an election year. /thread Didn't realize the president set the gas prices...either way, I'll take it and I'm still not voting for his ass. Quote Link to comment Share on other sites More sharing options...
Buck531 Posted June 30, 2012 Author Report Share Posted June 30, 2012 haha.. trying to get gas in Gahanna is freakin' CRAZY. Lines out to the street. Quote Link to comment Share on other sites More sharing options...
Yasser-Hanbali Posted June 30, 2012 Report Share Posted June 30, 2012 see what happened was i made a few phone calls to some family in the sand land i got a few thousands barrels of oil on the house.... :lolguy: Quote Link to comment Share on other sites More sharing options...
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