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Thread: Why are gas prices going down?

     
  1. #1

    Why are gas prices going down?

    Well I thought it would start going up after the election was over, eventually it did, starting to get near $3.00 per gallon, now it has gone down to as low as $2.32 per gallon, i dont know the answer to why its gone down, maybe someone else does?
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  3. #2

  4. #3
    Quote Originally Posted by Yanksfan396 View Post
    Because Obama's a terrorist.
    No no no, it's because he's not a money grubbing warmonger and he's personally lowering it so the poor can drive to the jobs he created for them.

  5. #4
    Quote Originally Posted by OnePimpTiger View Post
    No no no, it's because he's not a money grubbing warmonger and he's personally lowering it so the poor can drive to the jobs he created for them.
    That's what I heard on CNN.

  6. #5
    Quote Originally Posted by jaybird_1981 View Post
    That's what I heard on CNN.
    Funny, I heard that on MSNBC.

  7. #6
    Oh, that is because "Swine Flu" is no longer a threat. ;)

  8. #7
    Quote Originally Posted by Yanksfan396 View Post
    Because Obama's a terrorist.
    Well we always knew that. Duh!!!

    Way to add to the thread.

  9. #8
    I was actually being serious incase any of you had a serious answer?
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  10. #9
    The price of gas is coming back down because the price of oil is coming back down.

    The price of oil is coming back down because it is looking as though the world recession is still going to last a while. A lot of companies/big trading banks bought oil and have it stored in big tankers waiting to be used. But demand is still low, and there's becoming less space to store it once it is out of the ground.

    And also because there is a lot less use of borrowed money to trade in the oil futures contracts. Less money chasing more oil.

    Those are two good reasons. There are surely more.

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