Drop in gas prices benefits US drivers, economy

Return To Article
Add a comment
  • xscribe Colorado Springs, CO
    April 23, 2013 12:46 p.m.

    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 your facts.

  • Obama10 SYRACUSE, UT
    April 23, 2013 11:24 a.m.

    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.

  • Lledrav West Jordan, UT
    April 23, 2013 9:30 a.m.

    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 to pay.

  • Maudine SLC, UT
    April 23, 2013 8:17 a.m.

    @ 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.

    April 22, 2013 9:20 p.m.

    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 $3.52/gallon.

  • Maudine SLC, UT
    April 22, 2013 5:43 p.m.

    @ 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.

  • Badger55 Nibley, Ut
    April 22, 2013 2:32 p.m.

    you know things are not going well when gas prices falling to $3.51 is considered a benefit to anyone.