$1.79 a gallon! Or -The People vs. BIG OIL!

[kimmerspixelated]

Also, in this time of great need, it is a blessing that gas has come down. It is also a smoking gun that the prices have been totally and completely manipulated for big oil greed. Just because they're backing off, doesn't pardon or excuse the massive crime.

Thieves should go to jail!

AND/OR:


The People of the UNITED STATES should sue Big Oil for every extra penny they have squeezed out of us in these last years, and the money won should be distributed evenly for every American citizen that owns and drives a car!( or DID own and drive a car)!

[Joe the Liberal]

1. It will go up in time.....

It may be low now but soon into Obama's presidency it will go right back up to $4.00 a gallon just to make it seem like Obama is responsible for the high price.

[SoCalDem]

2. It's about crippling his green energy policy before it "learns to walk"

Cheap fuel is something we all want, and many will balk at paying MORE for the R & D necessary to switch over.. They prefer to get every last drop first, then panic and pay every last dollar to "fix it"..

[Joe the Liberal]

15. That too....

When they (oil companies) see that people are starting to look into an alternative to oil and start getting more interested in a more green energy that's when they lower the price. It's just to get peoples minds off the whole green energy thing than when people have nearly forgotten or stopped talking about a greener energy thats when they increase the price yet again. Than they just repeat the process again and again and again.

[rvablue]

13. That's going to happen sooner than you think

OPEC is scheduled to meet this month in order to shut down part of the supply in order to "stabilize prices."

I guess we all knew these decent prices wouldn't survive that much longer after the election.

[Democrats_win]

3. For me, the circle is complete: at $1.79 in 2004(?) I began bicycling as much as possible.

I thought that price was outrageous. Who knew we wouldn't see that price for a while and it would reach $4.09?

Our best revenge: drive efficient cars so this won't happen for another 20 years. (I'll be surprised if it doesn't go way up again within 3 years.)

[zbdent]

4. or maybe the oil companies realize that their biggest buddy

is not long for the position where he will be in charge of stifling investigations into price gouging ... and that they have to go back to what's more in line with non-speculative reality ...

[kimmerspixelated]

6. Agreed.

[Hekate]

5. It's still $2.49 here in the Santa Barbara region. nt

[taterguy]

7. The people of the US should set up their lives so that gas is generally optional not a requirement

[texastoast]

8. Don't increase your usage because the price is down

I was at work with a woman who said she was going to stop carpooling because the price was down.

[Selatius]

11. I've noticed several folks say they're free to drive a lot more often now.

It's anecdotal evidence, but I think it's true to say a portion of the US population will take advantage of the low gas prices and go back to old driving habits.

[ben_meyers]

9. Let's start with the idiots that wrote, passed and especially didn't veto

the Commodity Futures Modernization Act of 2000, also known as the Enron loophole!

The Commodity Futures Modernization Act of 2000 or CFMA (H.R. 5660 and S.3283) is United States federal legislation which repealed the Shad-Johnson jurisdictional accord, which had banned single-stock futures in 1982. The legislation also provided certainty that products offered by banking institutions would not be regulated as futures contracts.

This act was incorporated by reference into H.R. 4577, an omnibus spending bill. It was passed by the 106th United States Congress and signed by President Bill Clinton on December 21, 2000; the legislation thus became law as a part of H.R. 4577 - Public Law 106–554, §1(a)(5).

The act has been cited as a public-policy decision significantly contributing to Enron's bankruptcy in 2001 and the much broader liquidity crisis of September 2008 that led to the bankruptcy filing of Lehman Brothers and emergency Federal Reserve Bank loans to American International Group<1> and to the creation of the U.S. Emergency Economic Stabilization fund.

Anyone responsible for this boondoogle should be frogmarched to the Hauge (and their spouse too)!

[BOSSHOG]

10. $1.69 in the lower ninth ward in NOLA this afternoon

[blue_onyx]

12. It's about 1.86 in the Detroit area

It will go up early next year. By the time spring is here, I bet it will be over $3 a gallon again.

[madrchsod]

14. big oil? try the big banks

the run up of the price of oil was done by the banks we are giving billions to. big oil went along for the ride. they`ll invest their money in the future generation of energy production....bp--"beyond petroleum"