GAS PRICES DROPPING

  • Posted by a hidden member.
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    Jun 10, 2011 7:03 PM GMT
    Americans are driving less, switching to more fuel efficient vehicles, carpooling, and making fewer trips.

    http://money.msn.com/investment-advice/article.aspx?post=1b15ef33-40cf-4b19-88c0-d29d29afda83&GT1=33036



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    Jun 10, 2011 7:12 PM GMT
    catfish5 saidAmericans are driving less, switching to more fuel efficient vehicles, carpooling, and making fewer trips.



    Until the prices drop low enough. Then all the talk about solar, nuclear, shale, and wind will stop, we will start driving everywhere, stop using public transportation, and the Ford F150 will return to being the number one selling vehicle in America. We forget very quickly.
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    Jun 10, 2011 10:13 PM GMT
    Iceblink said
    catfish5 saidAmericans are driving less, switching to more fuel efficient vehicles, carpooling, and making fewer trips.



    Until the prices drop low enough. Then all the talk about solar, nuclear, shale, and wind will stop, we will start driving everywhere, stop using public transportation, and the Ford F150 will return to being the number one selling vehicle in America. We forget very quickly.


    I doubt that prices will retreat below $3.30/gal. on the average.

    Prices will normalize around the $3.30-$3.50 range until the next big crisis in the middle east, or speculators have detected that we are comfortable with the "new normal" price, and begin another round of buying to fleece
    the suckers left holding the bag when the bubble bursts again.
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    Jun 10, 2011 11:32 PM GMT
    It's all a myth, this "driving less, switching to more fuel efficient vehicles, carpooling, and making fewer trips."

    Republicans called for expanding drilling, and voila, gas prices drop. It's like cause and effect (at least to some primitive minds).

    Never mind that US oil production has been rebounding since 2008, and never mind that the calls for expanded drilling haven't produced a single barrel more oil YET. And never mind that the Republicans voted down an amendment that would make that extra oil stay in US markets, rather than sold in the international market (i.e. and benefit the corporations rather than increasing US supply).
    http://www.dailykos.com/story/2011/05/06/973877/-House-Republicans-vote-to-keep-gas-prices-high
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    Jun 11, 2011 12:55 AM GMT
    And by the way, somehow this time, the Fed's to blame for the runaway inflation (as Krugman puts it sarcastically) that's driving gas prices up...when we've all been there before many, many times.

    He forgot to mention Obama's fault.

    060811krugman1-blog480.jpg
  • kuroshiro

    Posts: 786

    Jun 11, 2011 1:05 AM GMT
    Yes, because quite frankly everything is that mans fault. [/end sarcasm]