by Faith is ready to be creative and enjoy her life!
Member since:
September 27, 2006

So why are gas prices going down and what is gas where you are?

October 07, 2008 10:56 AM EDT
views: 658 | rating: 10/10 (5 votes) | comments: 17
I just saw we hit $2.76.
I wonder how low it is going to go?
It is dropping pretty fast.

I heard today that the reasons are because:
1.  Talk of searching for oil and building nuclear here made OPEC decide to lower oil prices so we'd be less likely to push for that or feel the need to do it.

2.  Our economy is crashing.


What do you think of that?
Are those the reasons?
Are they the only possible reasons??

I'd like to hear what you think.
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Comments: 17

Abby N. Oct 7, 2008, 11:17am EDT
I noticed gas prices dropped here by at least 75 cents and I was wondering too. Happily wondering! :)
Abby N. Oct 7, 2008, 11:18am EDT
I think we still need to not be so dependent on foreign countries. Just my opinion. I guess they under estimated the US. I mean how long did they think we'd put up with high prices like that. Ok, done with my rant!
Abby N. Oct 7, 2008, 11:19am EDT
That is almost a dollar cheaper there than here.
Karen A. Oct 7, 2008, 11:23am EDT
$3.24 here in southern CT!
Abby N. Oct 7, 2008, 11:33am EDT
Coming back to this, I'm sure glad it dropped and I hope it stays dropped and even goes lower with winter right around the corner. I noticed it usually goes up right before summer vacation and down after school starts, but this was a larger span in rise and fall of prices this year.
Andrea "slackermom" R. Oct 7, 2008, 12:10pm EDT
The election is less than a month away.
Andrea "slackermom" R. Oct 7, 2008, 12:16pm EDT
Same place I am, Melinda.
Sarah (I want points) Oct 7, 2008, 2:22pm EDT
It's still 3.66 here... I'd LOVE to see some of those low gas prices!
Bob B. Oct 7, 2008, 6:11pm EDT
Gas prices are going down because the cost of crude is dropping. As the world economy falls into a recession, crude prices drop due to lower demand.
Cathy N. Oct 7, 2008, 10:04pm EDT
Demand has gone WAY down, plus the economic crisis is keeping people from buying gas. It's all about supply and demand. I'm glad the prices are falling and would like to see them back to a reasonable price.
Kerry (A tree, not a lemon) .. Oct 12, 2008, 12:05am EDT
3.09 here this morning. I haven't seen a #2 in first place on a gas sign in what seems decades.

I would love to see it again. :)
Lune Wolfsong Oct 12, 2008, 12:18am EDT
"2. Our economy is crashing."

News tonight said it was the market - people are selling, rather than buying (speculating) as everything tanks. Makes sense to me. No idea where it's at today, here, haven't been out.
~*~Nina~*~ R. Oct 14, 2008, 11:22pm EDT
Everyone tells me that the fluctuation is because of the upcoming election! Who knows!
Roxanna K. Oct 14, 2008, 11:46pm EDT
I know the price of oil is down quite a bit. People are getting their gas again so demand is back down. No demand, no high price. I saw a station today that had gas for 3.05.
Rob Shoaf Oct 27, 2008, 1:18am EDT
It's all a conspiracty by the far left tree huggers. Prices went up to promote green energy and vehicles. When their idea failed, the economy went with it. How convenient that they are able to put the blame on Bush. Now that they have realized what they have done, we drastic measures have to be taken.

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