From 382 to 295 in 4 months

GoingMobile
on 6/26/07 10:10 am - San Dimas, CA
 295 is what I paid for gas today. What can possible explain the decrease in gas prices so quickly? GOTCHA !!! 
(deactivated member)
on 6/26/07 10:31 am - MO
You bad boy!  I paid   271 so heh.
ardbeg
on 6/26/07 12:15 pm - AL
The supply numbers never justified the higher price.  It was inflated because of speculation that there might be growing conflict in the Middle East, that Chavez might get more ornery, that refinery capacity wouldn't get rebuilt fast enough, that hurricane season might ruin more refineries, that summer demand might be unresponsive to the higher prices, that a heatwave might tap out oil electrical generation facilities, etc.  So far, none of that has come to pass. and it's becoming apparent most of them won't, so speculation collapsed.
wjoegreen
on 6/26/07 12:28 pm - Colonial Heights, VA
Man,...I thought we was talking weight loss,....man,.... I think somebody figured out if prices didn't come down some, alternative fuels and vehicles were coming and they'd be out the money altogether.
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