Not wanting to hijack the other "Gas Price" thread.
So, not surprisingly, I'm scratching my head. Nothing has really changed in the past 6 months, and suddenly pump gas price goes down by 20%!
China, India, and other developing countries continue to use more and more oil. The US is still oil addicted. OPEC and other oil producing countries have not increased production.
The Alaska oil pipe incident is supposed to have some minor negative effect. The newly found oil field in the Gulf is years away from affecting today's price.
What's going on? I don't believe politicians are manipulating (no new or modified taxes). I don't believe the oil companies are manipulating (too much competition, too many competitors).
I do know that summer is over, and price usually comes down a little. But 20%
So, not surprisingly, I'm scratching my head. Nothing has really changed in the past 6 months, and suddenly pump gas price goes down by 20%!
China, India, and other developing countries continue to use more and more oil. The US is still oil addicted. OPEC and other oil producing countries have not increased production.
The Alaska oil pipe incident is supposed to have some minor negative effect. The newly found oil field in the Gulf is years away from affecting today's price.
What's going on? I don't believe politicians are manipulating (no new or modified taxes). I don't believe the oil companies are manipulating (too much competition, too many competitors).
I do know that summer is over, and price usually comes down a little. But 20%