Big drop in gasoline prices predicted

McCLATCHY NEWSPAPERS ^ | KEVIN G. HALL

[Sloth]

Steve Forbes was predicting this a year ago, though he seems to have been off a bit in his timing.

[puppypusher]

I'll believe it when I see it,although I do look forward to seeing these prices plunge.

The only thing that disturbs me is that these falling prices will defeat our goals for energy independance.

[TNCMAXQ]

1999? Oh how I pine for the clinton days, when everything was just wonderful in America.

Every Demo ad around here bashes "big oil." These tough brave Democrat candidates are going to take on big oil! What does that even mean?? They never specify. I guess they think someone needs to march into the offices of Mr Exxon, Mr Sunoco, Mr Shell etc and take all those gobs of cash that are being hoarded in their safes! LOL.

[Vaquero]

I'm going to keep clam and not hold my breath waiting for $1.15 gas

[stuartcr]

Got that right.

[RayChuang88]

Hope $oro$ is losing his Gass!

That's why I am openly taking an educated guess to wonder if the SEC and FTC are quietly investigating hedge funds to see if a few Democratic-leaning hedge fund managers may have tried to deliberate manipulate the crude oil futures market to help Democrats. If that is the case the Democratic National Committee will have a LOT of explaining to do....

[RockinRight]

I could see $1.75. $1.15, doubtful.

[P-40]

They'll need a rewrite first.

No, they can run them as is. It is a simple matter to convince people that they are getting ripped off even if they aren't.

[freedomlover]

What makes me feel all warm and fuzzy inside is knowing how much money the DNC spent producing ads about high gas prices for the upcoming election.

---

I was also musing at some of the "in depth" news pieces that have been done by the DBM that focus on the lingering effect of gas prices on the homeless, hungry, thirsty etc.

They must have had to add "In spite of recent short term relief" before the expected "BLAH BLAH BLAH"

[Paladin2]

Nope, It's my fault.

I switched to Diesel 18 mo. ago and started stockpiling that. Now gas prices are way down and Diesel slowly following. Next resupply of the tactical reserve is ~OCT15.

Markets beware!

[never4get]

I will believe it when I see it. It is amazing how on Long Island the price per barrel falls but many gas stations here are not reflecting the magnitude of the price drop at the pump.

[mainepatsfan]

You mean no matter how much they fall the Dems will still claim they're too high.

[RGSpincich]

Now they appear to be poised for a dramatic plunge...

Maybe I played too much baseball but I think that they are jinxin' the whole deal by talking about it.

As Bob Hope said, "Surprise me."

[Paladin2]

The report indicated that gas was a function of the oil price and that oil had to get to $15/bbl to get 1.15 gas. Duh. So, where do you think oil will be when it hits bottom as the market experiences a "crash"?

[mainepatsfan]

Well it takes time and money to put those news packages together.

[P-40]

You mean no matter how much they fall the Dems will still claim they're too high.

Yes. I've even heard it on some of the talk shows.

[gridlock]

It's already happened with natural gas, which suffered a price meltdown, tumbling from a post-hurricane high of $15.38 per 1,000 cubic feet to Monday's $4.94 price.

Somehow, it seems, my natural gas supplier has not gotten the memo...

[mainepatsfan]

So what's their idea of a "fair" price.

[umgud]

So what does this mean for E85? Losing it's luster?

[redlocks322]

I wondered that too. But, you know, if the price comes way down, then the Dems will just say the Republicans were manipulating the gas prices to make the price fall in time for elections.