[msnimje]

Good weather, bad weather, it's all bad news to the press.

[Peter W. Kessler]

Anything that keeps the gas in the pipe, the oil in the tank, and the wood on the pile is OK with me.

How come gasoline prices haven't dropped in proportion to the fall in crude prices? A gallon of regular is still about 2.17 in my neck of the woods. It ought to be well under 2.00, shouldn't it?

OK. Dumb question.

[RightWhale]

It is -31 this morning. No wind. No sun.

[Nathan Zachary]

Another positive effect of 'global warming'- less use of evil fossil fuels, and suprize! a reduction of evil bad CO2 released into the atmosphere.

That must be why it's cold today, which will mean more people turning up the furnace releasing evil bad CO2 into the atmosphere, which means it will be warm for the weekend again.

[mysterio]

If the price had gone up, we would be seeing prices at the pump rise immediately. But days into to downturn, the price of gas hasn't dropped in my area. News reports today even said they were hopeful that it wouldn't go up very much more for a while. lol

Shouldn't we be under $2 right now?

[rightinthemiddle]

"Oil Prices Fall on Mild Weather Concerns"

_______

Since when is mild weather a "concern?"

Oh, the AP...

[HamiltonJay]

Sweet Crude is a 35-45 bbl commodity TOPS... every dollar over that is flat out greed tax by futures traders.... pure and simple. Even at $55 its still at least 10-20 bbl overpriced.

[FoxInSocks]

Found an interesting Gasoline vs. Oil Price Chart from an article written in October 2005.

"Over the last 10 years even though oil prices fell lower and lower gas prices remained the same. Why? Is it some collusion by the oil companies?

"No actually it is much less sinister than that. It is actually just supply and demand. Over the last almost 30 years (since 1976) there have been no new refineries built in the US due to tight regulations, environmental restrictions combined with low prices making the oil business less profitable.

"So supply has gotten tighter and tighter with it culminating recently with only one or two percent excess capacity at the refineries."

And then there's the accompanying chart: