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I think oil prices just dropped pretty drastically, because of the truce in the Middle East. Also, I think I heard that BP isn't shutting down as much of their damaged oil field as originally anticipated.
I'm sure it also has something to do with the phase of the moon, alignment of the planets, and who's predicted to win the next Superbowl. :
I thought it was strange that with everything going on prices didn't go up again. I fully expected to see it rise once the pipeline news hit but nothing, no change either way, it's still $2.95 in town and close to the interstate it's between $3.02 and $3.05.
__________________ Dogs aren't our whole lives, but they make our lives whole. - Roger Caras
Don't forget the demand half of the equation. I suspect enough people are actually being careful about their travel that demand is going down (a little).
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"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
There are a lot of Suburbans and the like sitting by the side of the road 'For Sale' in rural Whatcom County these days.
Speaking only for myself, I hope oil and gasoline stay high for another few years. My present work depends on it. (Until I retire, that is. Then, maybe, move to Venezuela where Chavez sells gas for 25 cents/gal. )
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"Ain't got no money for no old-age pension;
I'm so broke, I can't pay attention!"
"I started out with nothin' and I still got most of it left."
The two stations I quoted yesterday morning went down 5 cents each by the time I drove home. I need to check the place in town tonight on the way home.
__________________ Dogs aren't our whole lives, but they make our lives whole. - Roger Caras
I wish it'd go up to about $5/gallon so i can laugh at everyone with their SUVs, Hummers, and suburbans.* * *Its sad it takes high gas prices for people to reconsider squandering nonrenewable resources that contribute to the greenhouse effect.* Also, I think there's just often too many people on the road probably not going anywhere that matters much when they need to learn to combine trips.
I love my 07 Honda Fit btw.* *What an awesome car "fit" for an ER minded person!* (My wife drives a VW Jetta diesel which gets 33/44)
I'm very excited by the news of the next Prius. They are working on one that plugs into your home electricity and can drive some distance without ever turning the engine on. Average MPG to ballpark 100+! I'm hoping my current cars hold on until that model (3-4 years) comes out.
With DW staying home, we put less than 1000 miles on her car in the last 4 months, my commute is 12 miles, so gas prices have been a spectator sport for us.
I'm very excited by the news of the next Prius.* They are working on one that plugs into your home electricity and can drive some distance without ever turning the engine on.* Average MPG to ballpark 100+!* I'm hoping my current cars hold on until that model (3-4 years) comes out.
Dude, there's a guy practically in your ZIP code who's already done that.* Hackers have been boosting their batteries and tweaking the engine-control software... sounds like fun!
I think oil prices just dropped pretty drastically, because of the truce in the Middle East. Also, I think I heard that BP isn't shutting down as much of their damaged oil field as originally anticipated.
I'm sure it also has something to do with the phase of the moon, alignment of the planets, and who's predicted to win the next Superbowl. :
Prices in large metropolitan areas (where EPA mandates 10% ethanol content) dropped because the ethanol supplies have risen and the price dropped. It made a little difference in those areas.
__________________ "If everything is under control, you are going too slow." - Mario Andretti
What, gas prices going down? By the the so-called "law" of supply and demand? Without any congressional action to reign in the monster big oiligopomonarchy trusts? Impossible!
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"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
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