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Gas prices in Utah have plunged to among cheapest in the nation
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Wait, so you mean when oil futures prices are high, so are gas prices, and when oil futures prices are low, gas prices lower? Since it is too difficult for me to understand complex market dynamics, I'm just going to continue to blame BIG OIL for taking it to us.
Now, if only all prices would start approaching what they should be, the way gas is--and companies that have been COMPLETELY flagrant and over the top in profits (like the oil companies) would start to approach their correct levels.......
Ah, to dream.
But standard operating procedure has been to bask in the sunshine while it lasts and only worry about what we should have done when the floodwaters reach our eyebrows - again. And it appears that current attitudes reflect past behaviors. It's just downright sad.
Thank god Obama isn't a greedy oil man.
'Prices swing like a pendulum' is NOT an explanation.
It is what politicians do best. Manipulate the masses to get what they want.
bush is the oil man,all this happened under his watch.you all really need to get away from the am talk radio and start thinking for yourselfs
its only going to be like this for a few more days when 2009 hites fuel is going to cost much more then it ever did in 2008.
By the way, based on your theory, George Bush is responsible for the LOW prices now since he's still in the White House. In case you hadn't noticed, Bush is STILL President.
The oil companies are making the same profit margin now as when oil prices were at $140 a barrel--about 8 cents on the dollar. Oil companies are price takers--not price makers.
PLEASE, WILL YOU PEOPLE TAKE A CLASS IN ECONOMICS and stop livng in conspiracy theory land. The President has NO ability to control oil prices.
If anyone had that much power to manipulate markets they wouldn't waste it on getting some politician elected, they'd use it to get stinking rich!
The real world has been calling you nutcakes for years!
I'm concerned that the prices will go back up after Christmas.
No, for all of you naysayers, it does not take food off your table nor make the cost of your clothes higher. For the facts look to Brazil. That country imports NO oil, does not use corn, and the price of fuel is so low that they export.
Yes, there is a downside. Yep, the cost of sugar would skyrocket. Sorry sugar lovers, I do not feel sorry for food which kills, including that non-food called POP in assorted flavors.
Have you ever looked at how much energy it takes to PROCESS ethanol? After you process the stuff to make the fuel, and then burn the fuel, how efficient is it really? Because, you know, you are probably using oil or coal to provide power for ethanol processing.
Why not just burn the oil and coal and save some energy?
Oh, and by the way. If ethanol is so great, why is Brazil doing so much oil exploration? Didn't they just find one of the richest off-shore oil reservoirs off their coast recently?
Luckily this past week it dropped to $2.40.
Be grateful for your great prices.
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But why do I get the sinking feeling that our elected representatives are sitting on their collective butts and not doing anything? Gee - just like the last 30, 40 or 50 years!!