Gas prices going down

[timmytuttut88]

While the economy is in turmoil, the gas prices have steadily decreased. I remember when prices were at the 4.50$ mark where I lived, now they're below 2$. Has anyone else noticed this? What do you think is causing it? Discuss.

[Tupence]

Prices are down in the UK too, now down to the lowest they've been since 2006. Now they're around 90p per litre (around $5 a gallon) instead of what they were this time last year, £1.20 per litre ($6.70/gallon).

Haven't got a clue why, people are pretty relieved though

[mpjh]

Prices are down because we are in a severe recession. People don't have any money and thus are cutting back despite the lower prices, thus causing prices to go lower. We may slide into a deflationary period, more commonly known as a depression, and it will then get much worse.

Also, the change in the relative value of the dollar has cause prices to decline.

[icedagger]

Oil prices seem to be going down too! I'm sure some of you will say this is just a "coincidence" but there is clearly something linking these events. Don't wanna say too much but if you just open your eyes... NWO

[mpjh]

There is an absolute correlation. Oil is the raw resource from which gasoline is distilled. So when oil prices go down, gas prices go down.

The reason oil prices are going down is that people are not buying gasoline because they are driving over a billion miles less because they are running out of money. It is the result of the recession.

An additional reason for the reduction in oil prices is the relative increase in the strength of the dollar. As the dollar get stronger, the price of all commodities declines, in dollar terms.

[icedagger]

There is an absolute correlation. Oil is the raw resource from which gasoline is distilled. So when oil prices go down, gas prices go down.

If it was made from oil why would they call it gasoline? Open your eyes!

The reason oil prices are going down is that people are not buying gasoline because they are driving over a billion miles less because they are running out of money. It is the result of the recession.

I don't know anyone who's driving even close to a billion miles less due to running out of money. Most people probably don't even drive that far in their lives. Again, your argument falls down under closer inspection

An additional reason for the reduction in oil prices is the relative increase in the strength of the dollar. As the dollar get stronger, the price of all commodities declines, in dollar terms.

You can't be serious.. the strength of the dollar is completely irrelevant. They are using Ameros already, and soon you will be too!

[mpjh]

You, sir, are clearly the proud product of the public school system in this country.

[Grooveman2007]

You, sir, are clearly the proud product of the public school system in this country.

The UK?

[mpjh]

Yeah, if that is where he went to school.

[Downey]

Prices in Canada are lower than they've been in ten years!

Right now I'm paying 85.2 cents a litre for gas when it was 1.50 about three months ago!

[jonesthecurl]

if the price drops another few cents here in NJ, it will be a third of the price it was in july.
Pries have fallen less in the UK because more of the price at the pump is tax, and because the £ is so low.
The strength of the $ also has a lot to do with it.
What's happened in continental Europe?

[jonesthecurl]

Incidentally, when trying to convert the price per litre to the price per gllon, please realise that an American gallon is 8 pints of 16 fluid ounces each, not 20 fluid ounces each as in the UK.

[soap_mactavish]

lol. I ride my bike . I don't have to worry, unless AM PM raises the price on air. :p

[Grooveman2007]

$1.59/gal.

[icedagger]

You, sir, are clearly the proud product of the public school system in this country.

You, sir, are clearly a proud member of the sheeple

[Nickbaldwin]

lol. I ride my bike . I don't have to worry, unless AM PM raises the price on air. :p

I can ride my bike with no handlebars.

[Napoleon Ier]

Yeah, if that is where he went to school.

Yeah. A product of like, Eton or somewhere, then?

[mpjh]

I think he can probably speak for himself.

[Napoleon Ier]

if the price drops another few cents here in NJ, it will be a third of the price it was in july.
Pries have fallen less in the UK because more of the price at the pump is tax, and because the £ is so low.
The strength of the $ also has a lot to do with it.
What's happened in continental Europe?

The Brussels Politburo, in its infinite wisdom has decided that a strong Euro will protect the Union of Soviet Socialist Member-States during this recession perpetrated by the Capitalist Dogs of the American Anglo-Saxon NWO to undermine the poor working-man of France, you know, your average hard-working Abdullah Niq-la-Fwanse Hamza, so the upshot is we get low oil prices.

On the other hand, whilst our élites congratulate themselves that dear old Abdul's welfare check is worth more so he can get kerosene cheaper to burn the white man's cars with, they could not give a flying f*ck about the fact that Réné Dupont's losing his job because his factory is closing down because it can't export shit. After all, a strong Euro means a strong Europe, right?

[muy_thaiguy]

$1.59/gal.

$1.29 per gallon.

[mpjh]

You, sir, are clearly the proud product of the public school system in this country.

You, sir, are clearly a proud member of the sheeple

ooooh, got your tin-foil hat out?

[Johnny Rockets]

079.9 cents a liter.


A clearer observation is that the public has less money to spend on consumer goods.
Anything and everything that is manufactured needs to be shipped. Less purchasing = less manufacturing and thus less shipping. Less shipping = less consumption more available fuel supplies and ...taa daa......cheaper fuel for the masses.

There is your - Billion miles.

That being said, cheaper fuel means less pressure for alternative technology development and refinement so it's not all beer and pretzels.

Anyone remember what happened to gas prices after 911 ????
The Christmas of that year I remember filling up on the way to visit my parents.
The price was 049.9 per liter because everyone was so shit scared to fly and all that airline fuel was being reprocessed into automotive gas.


MXMS!

J

[icedagger]

You, sir, are clearly the proud product of the public school system in this country.

You, sir, are clearly a proud member of the sheeple

ooooh, got your tin-foil hat out?

Typical sheeple, unable to answer pertinent questions he turns to insults. And not to get sidetracked but tinfoil hats have good science behind them.

[mpjh]

Why don't you go to flame wars, that apparently is where you want to be?

[icedagger]

Go back and reread and I think you'll see it was you who started the personal insults