I heard an expert say it would help Republicans if gas was $2 by November 4. I saw yesterday on Katu it is $2.15.
Make it kind of suspicious for gas to be over $4
all summer and now $2.15.

Well, the price of oil has fallen by more than half since its peak in the summer, so that probably has a bit to do with the gas prices as well.

It's already under $2/gallon again in some parts of the US.

Andrew

It will help Democrats too. Vehicles get the same miles per gallon whether it is driven by a Republican or Democrat.


If you're talking about the presidential election, forget it, McCain is toast.

2 weeks ago when I was in Denver, I saw it for $1.99 per gallon in un-incorporated Adams county. 4 miles down the road in Denver County it was $2.63!

Last week in Minneapolis it was $2.13 most places and when I drove thru Wisconsin to the NW suburbs of Chicago (Hoffman Estates and Schaumburg) it varied from about $2.45 in Wisconsin to about $2.83 in the Chicago area. It's higher in Crook County by about .20 cents a gallon than it is in DuPage county. Thanks Mayor Daley!

I saw it on Peachtree St. in Atlanta 6 days ago and it was $1.79!!!!! The price drop will probably take a while to get here to Oregon. That and the gas TAX doesn't help....

As grateful as I am for the break in price right now, a couple points;

Lower gas prices sorta takes away a big, not the ONLY, but a big incentive to deal with the oil addiction. It would be awesome if it remained a big priority in the next administration even if prices plunge.

The fact that prices are dropping is heavilly motivated by the fact that OPEC recognizes that there has been less demand for a while. Which, to me, adds to the frustration of the bullshit we hear when prices go up when there is a " storm off the coast of Venezuela " or other lies that are just floated out there as an excuse to gouge. I mean, if supply was truly threatened, I KIND of understand it. But this current pricing shows that they can charge as much as they want. They just want to see how much we'll pay. Once they cross the line, then they come back and say " Ok, well, how about THIS much then? " So to pretend that the market is not manipulated by hand and is somehow " out of OPECs control - we HAD to raise prices " feels like a lie to me.

Don't be surprised to see gas return to $4.00 after the election. I think we'll begin to see the climb in mid November.

Right. But they will wait for an excuse that is a red herring. A storm or a pipeline fitting came loose or some other thing.

I don't like feeling worked over like that.

I don't like feeling worked over like that.

Your an American! Get use to it....

Oh yeah, I absolutely HATE IT. The gasket blows in west undershirt, USA, and the VERY NEXT DAY GAS IS UP HUGE.

There is absolutely no way the supply is that tight.

For one, there is the latency of the damn gas that's in the station reserve. They paid an amount for that, meaning it's a sunk cost, meaning their margin is intact throughout the entire cycle.

When they get their next fill up, then the game changes.

IMHO, all good reasons to not lose sight of the oil problem. To me, the best solution going forward is multiple, distributed sources that have some overlap. That's gonna level prices out and we will have far more control over these matters than we currently do.

Of course, driving a frugal car helps!

My cost to work went from $6 to $4 or so. Big deal...

Oh and I'm not holding my breath until these newly implemented " temporary fuel service charges " go away that my landscapers, paper shredding company and airlines are gonna find use for when they don't have to spend it on gas...

Right.

You know it. Any extra margin, when the economy is like this, is totally worth gold.

It's gonna be upsells and fees for quite some time yet.

You just know some clown is gonna levy a currency devaluation fee! Tie it to the exchange rate and sell stuff at an absolute value each day.

(I'm kidding, but only kind of)

"I heard an expert say it would help Republicans"
i should have said I heard an expert say it would help Republicans get elected!

Bummer. McCain is still toast. Rather burnt too.

> But this current pricing shows that they can charge as much as they want. They just want to see
> how much we'll pay. Once they cross the line, then they come back and say " Ok, well, how about THIS
> much then? "

YES-This is a sadistic mind game. On the upside, the cheapening gas makes it very tempting to travel, and I would expect that the operators of motels, travel plazas, and tourist attractions are probably thanking their lucky stars right now.

Y'know, that could be why (other than people won't think about gas prices when filling out their ballot)... the "I want to be (re)electeds" have been campaigning. If they don't directly pay $4/gallon to fill their campaign buses and what not, they won't stop to think about what $4/gallon gas does to someone who's made $9/hr. for the past several years, save for a few 5 or 10 cents an hour "merit" increases, and because of that has never benefited from any increases to the minimum wage.

So we should expect to see Tri-Met roll back their recent fare increase, since it was implemented to make up for the increase in gasoline prices, then right? Right?

Oh, well, it was worth a try.

That was actually a comment on a transportation website I read (the one on TriMet fares). Although it's run by one person who uses speculation, it's unlikely they'll fall back.

$4 dollar gas by January 10th!

1. yes I also think that the price will start going back up after the election is over with. At $5.00 a gallon this summer, where I live in California now it's down to $2.49 Today. Election day! hmmmmm.

2. And yes Tri-met and every other company (airlines ETC.) should revoke the increases that they implement. It only is logical that they would lower the prices when the price of gas is SOOOOOOO much lower than it was. After they hike the prices up every few months. But guess what, about a 99% chance in my opinion that they WILL NOT do that. It's extra money for the greedy bstrds.

$1.95 a gallon in Coeur d'Alene, Idaho yesterday. I filled up the Saturn for under $20!

Ya I know, you can get a lot of gas now for 20 bucks. Reminds me of the good old days. But this might be a prelude to soup lines and speakeasies again...

Obama = Roosevelt ? WW3, 8 years from now?

Would not be at all surprised. Only time will tell.

P.S. I think at Dave's palisades it's $1.99 Not quite if I got the info correct.

Honestly guys don't think this is some Republican ploy to get gas prices down for the election.

The economy is in the toilet, plain and simple. People have adjusted their driving habits and demand is way down.

I think though that the only way to stem the tide is to impose a reverse price cap. Set the price at $4, no lower. Whatever sells on the open market tax up to that amount and sell to the stations. Demand won't really go down that much more at this point and can only go up if prices stay in line. To change America's mind and keep energy independence on the forefront $2 gasoline will only slow down the process and continue to foster gasoline use. You'll make some tax money in the process which will pay some debt and people will get the hint to start being green.

Why hasn't Oregon proposed this sooner???

In an economic downturn, this price drop is an unexpected godsend. It really derails the green movement away from oil dependence, but it will help to ameliorate the recession.

Demand has less to do with the prices. Traders ran up the prices and now they're running them down. Do any of you really think anything is different today as compared to 3 months ago?