Okay, Obama10, now explain, in detail, how Obama has control on what the price
of gasoline is. Be very specific so that we can all go to sources and verify
Did I miss something? Lower gas prices? Where? $3.52 is not "low".
Yes it is "lower" than what it was the past few months, but please
don't tell me this is low. Remember that on 12/31/2008, the average price
for gas was $1.37 in SLC. Remember that Obama was quoted as saying he
didn't mind $4 gas, but that he didn't like how quickly it spiked.
Considering the energy resources available in this country, paying $3 a gallon
for gasoline is a scandal. And there is no connection between supply and demand
and price increases. A supply lower than demand does not increase prices unless
you have a greed factor as well. The only result of low supply is a shortage.
The business law that should always be quoted in these stories, but never is, is
the law of charging what the market will bear. Oil companies are doing just
that, charging as much as the market will pay, or in this case has no choice but
@ LetsDebate: So you would rather still be paying $3.79 per gallon?Could gas prices be lower? Yes. Would I like it if they were
lower? Um, yeah! Duh!Does that mean a $0.27 drop is not good news?
No, of course not! And that is my point - any reduction is better than no
reduction. As for your question about why gas is that high when
compared to the crude price - according to most sources, that is due to refining
costs - which is a frequent conversation topic when discussing pump prices.
Well, Maudine, $89/barrel used to mean a lot less per gallon than $3.52, so
I'm in agreement with Badger55. Stronger journalism would have probed why
we're paying so much more per gallon at this price-per-barrel. I suppose
if enough pain is inflicted, some people will be happy to get ripped off at
@ Badger55: While at $3.52 (the price quoted in the story) gas may still be
considered expensive, it is better than the $3.79 that it used to be - and yes,
saving $0.27 per gallon is a benefit.
you know things are not going well when gas prices falling to $3.51 is
considered a benefit to anyone.