Phydeaux -> RE: Gas drops below 3 bucks a gallon.... (11/14/2013 8:14:25 AM)
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ORIGINAL: DesideriScuri quote:
ORIGINAL: Owner59 Do you remember this? If you want $10 a gallon gasoline … Barack Obama should be your candidate.” - Newt Gingrich Feb, 2012. I remember when it was up over five and a half a gallon........... during shrub.... Thank you President Obama.....[:D] http://www.beartoothnbc.com/news/42048-gas-prices-drop-below-3.html My guess is that there was a reduction in gas usage over the summer, leading to a glut of "summer" gas. So, the gas companies are lowering prices to sell it off to make way for "winter" gas. Lowering prices is, generally, a great way to sell more gas. Yes, our consumption is down (generally speaking) but the bigger effect is US oil production is way up desi, reducing our dependence on foreign oil. Besides reducing number of barrels of imports, american crude is at a discount due to lower transport costs.
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