Oil near 100 ,,, down from l47.....By mid October...under $3.00 a gallon

[Stuart G]

Oil is down almost 1/3 from where it was. Today, I heard that many expect it to level off at about 90 a barrel. If it does, that will mean $ 2.90 everywhere except where I live. Here in Illinois, it will be $3.25..because our Senators are Obama and Durbin..It will get lower in swing states....I saw a couple of stations at $4.05 a half an hour ago..

..They will do everything to affect this election, especially if that price can be quickly raised after the election. I don't know who is worse, oil or the pharmaceuticals..

[Hawkeye-X]

1. Dad bought gas at $3.57 a gallon here in Denver

Was at $3.61 last week.

They're GODDAMN slow, and not balancing the buy either - if it was $100/bbl and $2.99 in March, it better DAMN well be $2.99 by now.

Hawkeye-X

[Clear Blue Sky]

2. Gas below $3/gal in October?

October surprise courtesy of Cheney and Haliburton...

[Just-plain-Kathy]

36. Yes, and by late November and we're in Iran, gas will be $7 a gallon.

[LaPera]

3. Amazing how many on DU refused to believe the obvious.....

Dropping gas prices to help republicans before the election is a given....
Posted by LaPera in General Discussion
Sat Jun 21st 2008, 11:02 PM
they've done it three times in the past three elections, the oil companies send the bulk of their donations to republican candidates because republicans let them run wild, their bullshit deregulation ideology, along with tax breaks and our tax dollars going to the oil company in the form of subsidies to the same gigantically profitable, gouging oil companies.

Will it help, doubtful...especially if it's exposed and made clear - what occurred under six years of total republican rule, gas prices going up, up & up....including how republicans veto everything for change, needing a 60% majority needed to change anything.

As republicans just voted down ALL tax breaks & incentives for alternative energy....the republicans don't want to take away a dime from their oil friends and contributors...no matter how much deadly toxins they produce.

The point is, we need to make it clear that it's the republicans who allow and tolerate the oil companies bullshit...right now the republicans have a campaign going (on talk radio & MSM) pointing the finger and say it's the all Dems fault.

Collusion? Absolutely!



In so much as one only has to recall that the average oil price was $1.46 a gallon when BushCo Inc. took office in Jan 2001 - and the price has risen steadily since, only to drop a few month's before each election.

So how can it be the Dem's fault, if magically, and on cue prices fall after summer, right before the election?

It has to be made very clear to everyone (if they don't already know it)...that the oil companies support the republicans and ALL the CEO & Vice-Prez are all republicans....they certainly are not democrats!

[Stuart G]

4. Evn in Illinois ...the price took a dive at many stations ....after...

the Rethugs Convention.. Coincidence?

no... Collusion............Absolultely...

[BeFree]

5. We could say

That because Obama is posed to be put in Office the gas companies are running scared and are dropping prices to keep Obama from really going after them once he is in power.

Yep. Lower gas prices are Obama's fault!

[LaPera]

10. Right but that wouldn't explain the same thing happening the last 3 elections!!

[BeFree]

14. Last 3 elections?

Most Americans can't think back that far. But they do remember that they paid over $4 a gallon before Obama won the primary.

[nadinbrzezinski]

33. Ain't it sad? Georgia is about oil... no, it is not

but Americans cannot remember last week, unlike those folks who can remember, with incredible clarity what happened last century, and five centuries too

My fear is that the murican people will vote for McCain in enough numbers to allow them to either steal the election, or even more scary, win legally...

The mind buggles

[pampango]

37. The biggest gas price declines since 2000 have occurred in nonelection years.

Gas prices did decline in 2006 by 27% ($3.05 to $2.23) from its peak in August and the election, but they declined by 38% in 2005 ($3.08 to $2.38) from the peak to early November and 29% in 2001 ($1.69 to $1.21).

The price declines from the summer peak to the elections were 1% in 2002 ($1.48 to $1.47), 2% in 2004 ($2.06 to $2.02) and 10% in 2000 ($1.70 to $1.54).

http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_history.html

[tom_paine]

6. Just another thing I predicted months ago.

Totliarianism is so damned obvious. Embarrasingly so. If you know what to look for, you too can predict events months or even years in the future.

Amaze your friends! Great trick at parties!

(actually, that's a lie. with this trick that isn't a trick at all you will be right about thing much much MUCH more often than you are wrong, when postulating furture events, but no matter how often you are right you will alienate your friends)

But it was easy to see the Bushies and Saudis were engineering the Price Gouge and that because of Peak Oil and other realities, they were going to have to raise the price VERY HIGHin order to give them the pre-election help mccain gasoline price drop

This will give the American people a subconscious jolt of shivery pleasure like a heroin junkie injecting half-price heroin, primo shit, too.

Nonspecific good feelings will wash over the nation. Add 2% to mcBush's Vote Total (and remember, he only needs about 35-40% of the actual vote to "win" in the "counted vote" so that 2% is even huge when it's added to his side!

But maniplulation of oil and gas prices? Easy for the Bushies, their Oil Barons, and the Saudis, working together, especially since all of Amerika's regulatory and law enforcement are run by criminals, even if there still are a few honest people left in the ranks, they are powerless.

I called it months ago. The Bushies are going to have to pull out all the stops to get this one close enough to steal. But they will. Rest assured.

[whistle]

7. That's how McCain will steal this election, then before he is sworn in

...in January 2009 the price per gallon will be well over $4.00 nationwide and soaring to $5.00

[tom_paine]

24. Naaah. Not quite so obvious. They'll wait until April or even June to kick off

The Great Odd-Year Oil Price Gouge, which coincidentally, has ALSO been a regular feature every odd year since 2001 and The Phony Enron Energy Crisis.

Maybe you are right. Why shouldn't they be arrogant like that now? They know they have NOTHINg to fear fromthe Amerikan Subject populace, cowed, stupid, dulled, Prozacced, and TV-zombified.

Still, we must remember that they must have some small fear of going too far, of rousing the long-dormant spirit of Old America... otherwise the Bushies would already be making soap out of Liberal skin, if you catch my slightly hyperbolic (and yes, it's only slight hyperbole if any) drift.

[demosincebirth]

8. Its 3.80, around the Oakland area

[Uben]

9. $3.33/gal here in Texas

...was as low as 3.15/gal a couple of weeks ago. I expect oil to level off at $90 bbl for a while, then might even go as low as $60 bbl if dems get the whitehouse. The market will rebound pretty strongly after the first of the year and life will be good while we are prosecuting all those corrupt republicans next year!

[yellowdogintexas]

11. $3.48 today in Fort Worth. nt

[SammyWinstonJack]

17. $3.47 today in San Antonio. nt

[ColbertWatcher]

12. k+r for more discussion and attention. n/t

[Blue_Tires]

13. a shame...for awhile, people were actually more conscious about their lifestyles

people were carpooling or ride-switching to work, scooter/compact car sales were WAY up locally, there were demands for automakers to build something different, etc....

now things are going back to the way they were, and no one will even remember that 3-month stretch...

[CatholicEdHead]

20. Yet car companies are still in trouble

Union agreements are being broken due to poor money flows. If Ford, GM and Chrysler do rebound the UAW will take a huge hit out of this.

[Stuart G]

22. They are still switching...I disagree..

People will not be fooled this time. This three-month stretch will be in our minds for a long time. The SUV is done. I recall clearly the long lines in 73/74 when Mid East Oil Was cut off. And that was 30 years ago. And many voters will recall as others have that this price dip is just for this election. I think things have changed for good.

[LostinVA]

23. Well, with oil prices the way they are, we won't be able to afford to heat our house

And that has NOTHING to do with being conscious about our lifestyle.

[nadinbrzezinski]

34. You know my bike is right now parked

only because the doc said no riding until my shoulder heals.

This means, UNLESS I absolutely need to go somewhere, hubby takes the hybrid and I stay home.

For us this is a rather permanent life style change...

[madrchsod]

15. 3.48 where i live

[all.of.me]

16. Yeah, just in time for the elections. How fucking transparent.

They DO think we're stupid! And this will all coincide with Palin's (probably glowing) biography. They will be front and center. :puke:

Gas in northern NM has gone from 4.19 in late summer quickly down to 3.93, where it stayed for a few weeks. Today it dropped to 3.85. This does not surprise me.

[live love laugh]

19. Only transparent to people who actually think. Many will be fooled. $4.75 in '09. Watch. nt

[all.of.me]

21. No doubt!

They do this every election cycle - make something really appealing to get the vote, then screw us over. Gas, hostages, whatever. They are so deceitful. I think I just have too much integrity, because this crap really pushes my buttons.

[pampango]

38. They do think we are stupid, but gas prices go down this time of year whether there is an election

or not. Prices normally peak in the summer and hit bottom in the winter which means they are usually going down in the fall and going up in the spring.

http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_history.html

[misanthrope]

18. Wouldn't that deflate the "Drill Here Drill Now" movement?**nm

**

[WA98070]

25. WHO could not have predicted this months ago. They always do this.

[TransitJohn]

26. Still outrageously expensive.

n/t

[Blue_In_AK]

27. Gasoline is still $4.20 in Anchorage.

[spanone]

28. an every four year phenomenon...when you're making obscene profits, it's part of doing business

[spin]

29. We are close to deciding to become energy independant...

so of course the countries that have us by the balls will drop prices.

If we actually developed alternate energy sources (which we could sell to the world), what would their oil be worth?

We had a good start on developing green energy during the oil crisis of the 70's. The price of a barrel of oil dropped to the point that we felt no need to continue our efforts. We could learn a lesson from history and develop alternate energy sources despite the cost of oil. Unfortunately, I doubt that we will.

[nadinbrzezinski]

35. Hmm wrong, OPEC is cutting production

[spin]

39. By being greedy they might be helping us out...

If the price at the pump stays high, we will be forced to move toward energy independence. The high price of oil could cause further development of solar, wind, wave, geothermal and compressed natural gas.

We may see development of algae as an alternative fuel.

Kertz said he can produce about 100,000 gallons of algae oil a year per acre, compared to about 30 gallons per acre from corn; 50 gallons from soybeans.

From:
Algae: 'The ultimate in renewable energy'
http://www.cnn.com/2008/TECH/science/04/01/algae.oil/index.html

But they could decide to make as much money as possible before we do become energy independent. We could face some difficult economic times.

[pampango]

40. I think those countries whose oil production is declining, like Mexico and Russia

want to get as much for their oil as they can right now. Countries like Saudi Arabia with huge reserves left want to be more careful not to hurt the long term market for oil, by pricing it so high that you "cause further development of solar, wind, wave, geothermal and compressed natural gas."

Looks like SA was overproducing for a while to keep the price from going through the roof. Now they seem to be willing to make some of the other OPEC countries happy.

[backscatter712]

30. Oil barons want cheap gas in time for the election.

Yep, blatant price manipulation.

Usually to manipulate prices to make them high, so the oil companies can rake in those record profits.

But now it's election season, and they're afraid the regulators might force them to play by the rules again. So they make gas cheap right in time for the election.

It happened in 2006 - remember gas prices dipping precipitously just in time for that election, then going right back up soon afterwards?

[YvonneCa]

31. Recipe for an election: Schedule a few troops to come home...

...from Iraq. Lower gas prices a bit, and plan something to stir up a little fear again. Throw in a few distractions, like all the Palin stuff or talk about flags being trashed and patriotism.

That's how the Republicans like to get us ready to vote. Same old recipe. Same old TIRED, DISGUSTING recipe.

Al Gore has a new one, here:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=3961229&mesg_id=3961229

[conflictgirl]

32. And yet here our gas went UP almost .30/gal overnight to $3.95 again!

I am so freaking sick of these wildly fluctuating gas prices. They don't seem to be tied at all to the cost of oil where I live, it just seems to be totally random.

[spin]

41. News story about 30 to 35 cent jump...

Gasoline prices at some Springfield stations increased 30 to 35 cents per gallon to $3.90 for self-serve, regular unleaded Tuesday, even as crude oil prices on world markets dropped by more than $3 per barrel.

*************snip*************

Executive vice president Bill Fleischli of the Illinois Petroleum Marketers Association said wholesale costs to dealers began to rise Monday on concerns Hurricane Ike would shut down Gulf Coast refineries.

He added that there also have been problems at Citgo and Mobil refineries in Chicago. “The highest wholesale prices in the country are in the Midwest,” said Fleischli. Some Springfield area stations remained below $3.60 per gallon late Tuesday and Nicole Niemi of AAA Chicago said she was not aware of any particular reason for the sudden increase at other stations.
http://www.sj-r.com/business/x1729991784/Oil-drops-3-per-barrel-but-gas-in-city-jumps-30-cents

Someone needs to do a little investigating. Something smells here.