over the last month or 2 there’s been a distinctive pattern. 20 cent increase followed by gradual decreases over a week or 2, followed by another 20 cent increase. For example when the price first fell down to 1.96 here, a day or 2 later is shot up to 2.18, then slowly over the next week or 2 worked its way back down to 1.96, then what do you know - a day after it settles at 1.96 it shoots back up to 2.18, every station, all at once mid-day (drove to work with everyone at 1.96, got gas on the way home for 2.18 - yes yes, sour grapes).
I’m not seeing what you’re experiencing where I am at all. Weird. It’s been dropping pretty steadily here since July with somewhat of a plummet beginning sometime in September. Now it’s kind of leveling off, but still dropping about a cent every two days.
Timestamp - Sunday, October 22 - $1.90.9 locally
Timestamp - Wednesday, October 25 - $1.87.9 locally
Just happened again. Down to 1.98, then shot back up to 2.10 lastnight. Now back down to 2.08 already this morning.
It bottomed and just under $2.05 in Tenn. yesterday or day before and is headed up today. May take a week to a month of election, foreign, and domestic, news to see what the real bottom is/was and how fast it heads upward.
Don’t worry, it’ll start shooting back up after November 8.
Timestamp - Saturday, October 28 - $1.94.9 locally
Gas prices rising in Tennessee, up to $2.05 from 1.99.
<hrumph> Didn’t even wait for the election…
I noticed that this morning… we went from $2.05 to $2.06.
Guess that means the Democrats will win and the oil companies are giving up the ghost a couple of weeks before the election. 
:rolleyes:
Nope, at these prices it is still not close to a political issue.
It’s fairly out of touch with reality. I paid $1.94 a gallon yesterday.
Down here in South Florida, it still hasn’t dropped below $2.25.
Yoo-hoo! $1.999, baby!
I’m voting straight-ticket “R” now! Why, I must’ve saved $12.54 since the start of this thread. Thank you, Republicans!
Out of curiosity, are you ever going to offer a fact-based response to post #209 above? Or are you going to just keep throwing out political snipes with no factual backing to them? At least I assume that there’s no factual backing, since if you really knew that prices would leap right after November 8, you’ld be making a fortune in the futures market. In fact, if it’s so easy to predict and all, you’d think everyone who hates and is cynical about Bush somehow manipulating world oil markets would be billionaires by now. Wonder why not?
That is a good price for a gallon of Yoo-Hoo.
Speaking of the futures market, the latest NYMEX quote (11-1-2006) has January’s price of oil pegged at $60.40, a breathtaking $1.89 (3.2% - call Congress!) rise over today’s close of $58.51. If the price of crude is supposed to rise so much that gas prices close near $3 again, it sounds like they are leaving a whole lotta of money on the table.
So… since many of these traders are representatives of the oil companies, for the Conspiracracy, I ask: Wouldn’t they know that their companies are going to hike prices after the 8th? If so, wouldn’t that hike be reflected in the futures price? Why would they sell January contracts at $61 if they know the price is going to rise above that? If they knew that January contracts will really be at $73… they would be at $73, because no oil company in the world can afford to be $20 wrong on the value of its whole reserves, even if it’s to swing a couple of seats in the American Congress.
The Saudis have in the past kept prices low deliberately. They do it for political reasons. It is a commody that they control . They are OPEC. The OPECers have dropped prices in the past to punish countries that arrogantly went against the prices set.They cn and do manipulate the market at the behest of our oil men.
Do you purposely ignore all posts about oil production?
The only citable assertion made in regards to this “theory” is Bob Woodward’s which was effectively debunked in post 209.
Saudi Arabia moves the market at the behest of Saudi Arabia, and has done so since 1973. Have you never heard of Aramco? Or Yamani? If not, you really have no place in this thread…