Gut Rumbles
 

May 09, 2006

i noticed it, too

What happened to "skyrocketing" gasoline prices? The climbing rocket seems to have... well, run out of gas now. Have YOU noticed the change DOWNWARD where YOU live? I saw gas for $2.59 per gallon at a convenience store yesterday. That's about 25 cents less than it was just a week ago.

Okay, Lucy--- 'splain that to me...

Comments

Economics?

Posted by: Jay on May 9, 2006 10:05 AM

Oil-futures speculators took the day off?

Posted by: Maggie on May 9, 2006 10:27 AM

The spike was caused, in large part, by the Congressionally-mandated changeover from MTBE to ethanol as an additive to gasoline. The deadline for that changeover, if I'm not wrong, was May 5.

That, and fucking speculators trying to make a buck in the futures markets.

Posted by: Arcs on May 9, 2006 10:29 AM

Severe storms in Texas, Oklahoma, and Arkansas kept people off the roads and...

demand dropped?

Posted by: Maggie on May 9, 2006 10:29 AM

Oil company execs heard Senator "Never met a mike I didn't love" SHUMER rant about the high prices and GOT SCARED?

Posted by: Maggie on May 9, 2006 10:31 AM

Patrick Kennedy reduced energy costs by all the "hot air" he's been spouting to the MSM!

Posted by: Maggie on May 9, 2006 10:35 AM

Still $3.41 here.

Posted by: Maeve on May 9, 2006 10:51 AM

Easily 'splained. The more the "experts" predict the future, the less likely it is to happen. The same reason we are NOT going to die of bird flu.

Posted by: JP on May 9, 2006 11:11 AM

Hasn't dropped here. It was still just under three bucks yesterday.

Posted by: Libby on May 9, 2006 11:34 AM

That's b/c you live in the middle of nowhere!!!

Posted by: me on May 9, 2006 12:06 PM

Money's tight, looking for that extra dollar, same old same. I don't know why but of all the scrimping I can think of, I don't follow gas prices... it seems so beyond our control. I just consider a form of legal highway robbery.

Posted by: Vermont Neighbor on May 9, 2006 12:22 PM

Sounds like metro areas in georgia may have been the biggest losers under the fuel blend rules. I was wondering about disparate impact from that (unfortunately temporary) change the other night, since the rules supposedly make it hard to move surplus fuel to areas with shortages.

Well, that assumes some places have a surplus. Relaxing the rules wouldn't benefit them much, and might drive their prices up.

Interesting...

Posted by: McGehee on May 9, 2006 12:56 PM

Good to see it's going down somewhere. This morning I filled 'er up and it was about .10 per gallon more than just Saturday. And there's a refinery just twenty miles away.

Fehk... .

Posted by: Daniel Medley on May 9, 2006 01:02 PM

Come on people, they have been using the same old game for the past 6 years. Raise the price $.50 a gallon, people raise hell, congress stumbles around, drop it back $.25 everyone is happy , oil companies throw some more bullshit in the air and everyone goes back to being midly pissed. Repeat the pattern every few months. Its a win win fuck the people thing. Ya got to love a monopoloy//

Posted by: jamesoldguy on May 9, 2006 02:15 PM

JOG, what monopoly?

Posted by: McGehee on May 9, 2006 02:30 PM

(Maybe I should have signed that last comment, "Inigo Montoya."

Posted by: McGehee on May 9, 2006 02:30 PM

It's all the oil that we're stealing from Iraq. That's what's driving the price down. It's gotta be that because that's why we went to war in the first place, right?:-)

Posted by: Jason Bontrager on May 9, 2006 02:41 PM

Gee, it hasn't dropped here - still over 3 bucks for basic unleaded (3.25 for hi-octane). Gee, could it be the MARKET is driving the prices? Say it ain't so ... *grin*

Posted by: Barb on May 9, 2006 03:43 PM

Hasn't changed much here in Utah.

Posted by: BobG on May 9, 2006 03:45 PM

Behold.

http://www.msnbc.msn.com/id/12400801/

That letter did some good!

Posted by: Cythen on May 9, 2006 04:07 PM

It better not be going down. I just tripled the percentage of oil company stock in my portfolio. How am I going to pay for my new SUV if the stock goes down? Come on people - help a fellow out. Those capital gains taxes are rough.

Posted by: Dash on May 9, 2006 04:59 PM

It better not be going down. I just tripled the percentage of oil company stock in my portfolio. How am I going to pay for my new SUV if the stock goes down?

Cheer up, Dash. When prices go down you get to sell more gas. More sales equals more profit.

Posted by: McGehee on May 9, 2006 07:46 PM

Evil rethuglicans.

Posted by: Yogimus on May 9, 2006 08:56 PM

It's gone down up here as well, Rob. It was around $1.20/litre last week; it has progressed slowly downward. Today, I noticed $1.13/litre - still disgusting...

Posted by: Lisa on May 9, 2006 10:11 PM

They raised the prices so that when they brought them down we'd be grateful to be paying $2.50/gal.

Posted by: Heather on May 10, 2006 01:17 AM


Pretty easy to explain. Bush's poll numbers are in the basement, and the American people are fed up with gas prices and are blaming him. Since he helped the oil industry rape and pillage through his tax credits and his policy of constant middle east instability , he is now asking them to lower prices to help him get his numbers back up and to benefit the GOP in November. The oil companies have made astronomical profits in the last year, so they can afford to help the GOP by lowering prices a tiny bit in order to get the ire of the American voters down some and stop them from blaming the GOP in an election year. It's all about politics and policy, and very little to do with supply and demand. Do you really think gas prices would be this high if not for the mess in Iraq and the uncertainty with regard to Iran? Bush is the oil industry's best friend.

Posted by: Tommy on May 10, 2006 02:09 AM

Yeah, it's always easy to explain. If Bush had just signed that damn Kyoto Treaty, we wouldn't have had the tsunami or Katrina. That sumbitch! And if we'd just leave those peace loving muslims alone, we'd be able to buy OPEC oil for $20/ bbl - forever. It's all a vast right wing conspiracy. Easy.

Posted by: Dash on May 10, 2006 09:09 AM

re: Tommy
I don't know that letting Saddam run ripshod over resources would guarantee better prices. Remember the deals w/ Russia and France, under the table malarkey... Throw in Hugo Chavez and his dispensing oil to nearby countries, and you've got a great recipe for Dictators versus America.

Posted by: Vermont Neighbor on May 10, 2006 11:12 AM

Bush is the oil industry's best friend.

No, actually the space aliens at Area 51 are the oil industry's best friends. They're the ones buying up all the oil options with the 27.4 tons of gold-pressed latinum they smuggled to earth in 1947.

After the price of oil tops $40,000 a barrel, they'll sell all those options and cause a total collapse of the economy so Karl Rove can start up his Soylent Green business.

Posted by: McGehee on May 10, 2006 12:43 PM

Equivalent $3.99 USD/gallon here in Vancouver BC.

Posted by: Norm C on May 10, 2006 01:01 PM

I just paid $2.49 a gallon. Not toooooo shabby...But twill be ok one day I spose...

Posted by: Steph on May 10, 2006 06:04 PM

I just saw $3.35 a gallon, because this post made me take note! Whoo, dat's a lot.

Posted by: Vermont Neighbor on May 10, 2006 10:58 PM


re: Tommy
I don't know that letting Saddam run ripshod over resources would guarantee better prices. Remember the deals w/ Russia and France, under the table malarkey... Throw in Hugo Chavez and his dispensing oil to nearby countries, and you've got a great recipe for Dictators versus America.

Posted by: Vermont Neighbor on May 10, 2006 11:12 AM

This comment contradicts the whole Republican argument that we didn't go to war because of oil.

This blog must consist of the last 31% of the morons still supporting Bush. Who here is gonna be the last idiot standing after the entire nation finally realizes that this administration is really peddling nothing more than a bigger supply of snake oil. They are all just pure dee bullshitters to the core.

Posted by: George on May 11, 2006 01:52 AM

George, I was afraid that writing a multi-faceted political nightmare in four short sentences would prove to be tough reading for the simple plebians such as yourself. No, we didn't go to war for oil. Look up these key words in your big-picture ABC coloring book : Saddam. Resolution 1441. Bill Clinton. Madeleine Albright. Kerry/ Hillary/ Dems. Votes. USS Cole. Embassy bombing. Safe Harbor/ Iraq. Terrorists. Anti-Americanism.

Oh and one more, although it's probably not in the liberal playbook :

9/11

Posted by: Vermont Neighbor on May 11, 2006 04:25 AM


Oh and one more, although it's probably not in the liberal playbook :

9/11


That pretty much explains your clueless comments Vermont. You are one of the few remaining simpletons left in the world that are still trying to tie Saddam to 9/11, even after the entire intelligence community, the administration, and the pentagon, have all admitted that is there is NO PROVEN CONNECTION. Yet, bin Laden, the one who is actually reponsible, is still uncaptured after 4-1/2 years, and still free to order more attacks just like 9/11 OR WORSE, because this idiot President has wasted all our resources and spread our military thin on an unnecessary war in Iraq. The war has done nothing but increase al Qaeda and terrorist recruitment around the world, cost the lives of almost 2,500 of our good men, spread anti-American sentiment throughtout the middle east (and the rest of the world), create record budget deficits, and it will continue to drain our resources for years to come so that we cannot efectively deal with the REAL threats facing the U.S. Oh yeah, and let's not forget, the resulting instability in the middle east has caused gas prices to go through the roof.

Posted by: George on May 11, 2006 08:30 PM

We are in competition with China for gas. I'm not defending the oil company profits but the liberal tactic of Get Bush is just so tiresome.

You and your family have suffered NO attacks on home turf since 9/11. For all of Bush's domestic screw ups, we HAD to go to war. Saddam provided safe harbor to anti-American acts, he did defy UN inspections, he rubbed bellies with Russia, France and Germany... and all you people do is worry if the pillow is soft enough in his suite.

Strange as it is, liberals have more concern for Saddam's rights and comfort and none for Americans'. It's really the hallmark of the party.

Just accept that posters on boards don't agree with you. Won't. Ever. A war takes years to finish, and this war was necessary.

And don't hold your breath for Hillary to make it back to the WH. She voted for war and the Dems will toss her over the fence in the primaries.

As a stubborn and uninformed liberal, you refuse to see anything that will pose a threat to your world. Guess what. The threat is here but you don't see the insidious creep into your community. It's bigger than any politician and it's based on dictates from the Qoran... and a total lack of respect for human life. Their own, even. And yours. You who defend -- them.

As a liberal, you'll always put the rights of extremists ahead of the rights of Americans. Bill Clinton TRIED ignoring previous attacks. If non-aggression were the key to peace, we would have peace by now. How *do* you plan to control terrorist factions here and abroad? You don't Care? I know... I don't get it. Clueless to the reality of tomorrow.

Saddam slaughters, lies, tortures and offers safe refuge for religious fundamentalists. That's okay with you. You dig it, and you live in the cloudy delusion that if we (again) accept terrorist acts, they might just magically stop. You and Michael Moore and Cindy Sheehan. Jesus, these guys would take your heads and slice your neck and let the bowling ball roll all over the Internet if they could.

This war was necessary. And difficult. And tragic and filled with loss.

And necessary.

As William Buckley said, maybe they haven't attacked us again because they know we respond. Be grateful for that. I know I am.

Posted by: Vermont Neighbor on May 12, 2006 12:46 AM
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