Let he voters know that the lowering of Gas Prices was not by drilling
in anwar, Not by drilling off shore of miami beach, not by lowering
taxes or building more refineries
but through liberal initiatives
decreasing demand with flexfuel and hybrid vehicles. As well as more
liberal activities such as conservation.
more energy
Speeders & Drunk Drivers are MURDERERS wrote:
http://www.usatoday.com/money/industries/energy/2006-08-29-gas-price-usat=
_x.htm
Gasoline prices could keep falling
Updated 8/30/2006 10:08 AM ET By James R. Healey, USA TODAY
Gasoline prices are falling fast and could keep dropping for months.
"The only place they have to go is down," says Fred Rozell, gasoline
analyst at the Oil Price Information Service (OPIS). "We'll be closer
to $2 than $3 come Thanksgiving."
Travel organization AAA foresees prices 10 cents a gallon lower by the
end of next week. It reported a nationwide average of $2.84 Tuesday,
the lowest since April 20.
Behind the current drop:
=B7The end of summer. Driving slows, reducing demand for gasoline. And
federal requirements for clean air, summer-blend gasoline end next
month, making gasoline cheaper to refine and import.
=B7Sluggish demand. Gasoline use in the first eight months of the year
is up 1% vs. a year ago, less than the 1.5% to 2% growth that's
typical, says Michael Morris, analyst at the U.S. Energy Information
Administration. "Wholesalers are trying to get rid of product. The
growth in demand for gasoline has really tapered off," he says.
Wholesale prices are falling faster than retail gasoline prices,
meaning stations are making more money than when prices were $3.
Wholesale prices Tuesday ranged from $1.77 to $1.79 a gallon, well
below the $2-plus prices typical until recently.
=B7Petroleum traders, worried that prices are too high to last, are
selling their holdings. That pushes prices down. They also believe
hurricanes won't disrupt Gulf of Mexico production, OPIS senior
analyst Tom Kloza says.
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My theory. The oil companies want their buddy repubicans to stay in
power and so are letting gas drop prior to the elections.
.
