Deseret News | Oil drops again as U.S. pump prices slip to near $4

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Oil drops again as U.S. pump prices slip to near $4

Anonymous | 12:15 p.m. July 25, 2008

Not one more drop of drill as be drilled. Funny, how bubbles work.

Once, I noticed every time the market price of oil would drop, Bush would attack Chavez, hint about attacking Iran or anger Russia like his goal was destabilizing the oil market so his speculators friends could rake in the money.

Yours | 12:31 p.m. July 25, 2008

Your theories are crazy. Yeah, the whole world suffers from high gas and oil because one man wants his buddies to benefit? You think the rest of the world would play along?

You are a nut.

Anonymous | 12:32 p.m. July 25, 2008

Hooray!
Hooray!
And this is supposed to mean we should vote Republican - right?

Comments continue below

We need it all | 12:33 p.m. July 25, 2008

We need to drill more, we need geothermal, we need to get some serious CAFE standards so americans don't use cars much bigger than they need, americans are wasteful. We need nuclear, we need wind,

What kind of dope says we don't need to drill?, we need it all.

Don't expect a drop in Utah | 1:06 p.m. July 25, 2008

Based on the historical record, I would not expect any sort of relief of prices at Utah gas stations. I suspect that Utah will be 30 to 35 cents above the national average before prices begin to drop and it is possible that crude oil prices could rise again, meaning that Utahn's will miss out on any price decrease altogether.

Him | 2:23 p.m. July 25, 2008

Logically: writing that the price as declined without anymore drilling is a fact. There is nothing in that simple sentence that referred to future drilling.

"I want it all and I want it my way" is a perfect motto for conservatism.

As Rush ever bought up stability and markets? Markets love stability. If you knew a president was going to bomb Iran on a certain date. You would be smart to put every dime you had in oil futures.

This is a fact. It doesn't mean every time something happens it because of a conspiracy. It's not a ether or proposition.

JN | 2:24 p.m. July 25, 2008

And curiously, the price of gas has dropped nearly everywhere but Utah. Still the artificially high $4.15 in the southern part of SL Valley.

Go figure.

No Bubble | 2:28 p.m. July 25, 2008

Sorry, this is not a bubble. The trend is still up. It got a little ahead of itself for a little while.

Hey! Go make someone smile and buy their SUV from them, since it's just a bubble.

You'll be crying in your milk in a few months.

wrz | 3:29 p.m. July 25, 2008

Anonymous @ 12:15 p.m.: "Not one more drop of drill as be drilled. Funny, how bubbles work."

It's how speculation works.

wrz | 3:37 p.m. July 25, 2008

We need it all | 12:33 p.m.: "What kind of dope says we don't need to drill?, we need it all."

If we need off-shore drilling (and we do) you should consider throwing the Democrats out of Congress. They are against it. Nancy Peloci refuses to even bring off-shore drilling to a vote in the House.

Yes, it is a bubble | 3:49 p.m. July 25, 2008

Do you know what a bubble is? So what if the trend "is still up." If I bought a house in SoCal for 250k in 2000 and I could sell it now for $350k does that mean no bubble existed when my neighbors were selling their homes for $600k?

DKB | 3:59 p.m. July 25, 2008

Why the heck when oil prices drop over 10 dollars in less than a week, the price of gas either stays the same, or goes up??!! Then if the price of oil goes up a cent, gas prices go up! Wouldn't it seem logical for gas prices to go down? All this just ticks me off.

Props to Bush for removing the 1992 drilling prevention law. Drill off-shore I say!!

st george | 4:21 p.m. July 25, 2008

Still 4.20, doubt it will ever go back under 4.

Mark | 4:21 p.m. July 25, 2008

Interesting, price drop nationally, continuing price rise in Utah. I know we're typically behind the nation in adopting treands, but this is ridiculous!

One word | 5:04 p.m. July 25, 2008

GREED !!!!!

wrz | 5:25 p.m. July 25, 2008

DKB | 3:59 p.m.:

"Why the heck when oil prices drop over 10 dollars in less than a week, the price of gas either stays the same, or goes up??!!"

Why drop prices when suppliers (the few who call the shots) know everyone needs to buy gas... regardless of price?

"Wouldn't it seem logical for gas prices to go down?"

Suppliers go by the bottom line... not logic.

"All this just ticks me off."

The Dems, who now control the US Congress, refuse to drill off-shore and in ANWR. They refuse to tap huge sources of energy in tar sands, shale oil, and coal. Since you're ticked off, vote the Dems out the next election. And for sure, you don't want the Dems to control both the Congress and the White House.

Anonymous | 6:15 p.m. July 25, 2008

Thank goodness we're back to normal. Now we can wait before having to even consider developing alternatives, or conservation. That will be someone else's problem. Right?

Tired of Annual Games | 7:10 p.m. July 25, 2008

I personally grow weary of both sides of the off-shore and ANWR proposals. The dems say that there are hugh amounts of area leased with no development; the GOP say that our supply will be greatly increased with additional drilling.

Let's face it, the Monopolistic oil companies control the supply of oil; hence they can win in the supply and demand game. When companies merged, they shut down refineries and now complain that standards have stopped the building of oil refineries for the past 30 years.

Big oil has gotten used to Americans complaining about prices during the summer months and Congress is either unwilling (or unable) to curtail these monopolies.

Americans have little say about "supply" but can be proactive in controlling the "demand" by changing their habits. Conserve -- don't drive; don't drive fast; carpool; buy smaller, more efficient vehicles; use alternative transportation; hope for non-fossil developments.

A recent TV report stated that Americans have decreased their gas consumption by 3.3% which is now the lowest since January of 2007.

Could we even do better? I personally hope that the Oil companies, their distributors, and stations DROWN in the supply of oil -- without demand.

No Bubble In Oil | 9:30 p.m. July 25, 2008

Yes there was/is a bubble in houses and commercial real estate(next to fall), but we are talking about oil here.

Just what is your point?

Oil spiked but is not in a bubble. There is no huge oversupply of oil like we have seen in houses.

If the economy continues to implode, oil may drop even further. When housing drops enough, the bubble will be finished but we may also be in a depression at that time.

Oil Conspiracy! | 11:32 p.m. July 25, 2008

When oil went up $6 per barrel in one day because of Iran testing some missles, Gas went up .15 cents at EVERY gas station overnight! (That is illegal price fixing since it should take far longer than 1 day for oil prices to affect gas prices)

Now, Oil is down over $20/barrel the past 2 weeks and the prices have either remained the same or GONE UP in Utah to some of the higher prices in the nation. I would like the state government to threaten lawsuits for price fixing and then we will sure see the prices go down fast again like it should!

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