I drove by the gas station today and saw that the price of gas is down to $2.21 a gallon!
Now I'm not one to believe the many conspiracy theories out there on various issues, but when you think about it, this gasoline price thing would make a grand one.
First, we have Texas oilman Bush in the White House. Back in 2006, it was rumored that Bush and his bandits were manipulating the price of gas, causing it to drop before the election, so that Republicans could win seats in the House.
But ever since then it's been rising. All the way up to almost $4 a gallon.
So gas gets up to $4 a gallon and the economy starts to tank. People can't pay their mortgages (which they probably never should have had in the first place, but that's another story) because they have to deal with the price of gas. When you have a huge mortgage and gas prices start to climb, something's got to give.
BP is making record profits, by the way.
So it looks like maybe they pushed too far. The auto industry is in serious trouble, partly because of the gas prices. The price of everything else has skyrocketed because of it.
Now the gas prices are slowly dropping. Why? Has demand changed that much? Gas is one of those things that once you get into a certain lifestyle, house in the suburbs, long drive to work, etc., you can't easily reduce how much gas you're buying.
So you're sort of stuck paying for it. So if I'm a profit-taking oil company, I'm pushing the price up. They have to pay for it right? Demand is not going to be as flexible as, say, jellybeans.
There's room for all sorts of conspiracy there.
I agree in with some of what you are saying.
ReplyDeleteAmericans HAVE driven 78 million miles LESS in the past year. Is the economy linked to gas you bet. People are not buying larger cars, they are selling them or trading them in for a smaller one. People are really for the first time talking and doing something about alternative fuels. People are staying closer to home. Buying less things they don’t need. Spending less and holding on to their money in fear. The dam day traders trying to make a quick dollar and when things go down they sell in order to make a quick buck. We will see this up and down in the stock market for a long time. When the stocks dropped 700 points the day traders bought everything they could then in 2 days sold it all to make money .
“The largest U.S. oil company surges past analysts' estimates with a posted net income of $14.83 billion and sets a national record for quarterly profit.” From CNN
So Now that gas is dropping I would like to see what they report in January.
Here is the future…………
Gas will drop to $1.50 a gallon by Christmas, sales will be down in Retail not a lot but a little. Come January the stocks will keep going up and down. February the market will stabilize late in the month after Obama is in office. March no change. April gas will slightly increase but not much as the winter will effect the demand. May retail sales will increase why I don’t know but they will, people will be tired of not have luxury items. June will hit with a vengeance. The market will increase and the gas will too. Auto sales will increase but not show until July’s report. Banks will start loaning to less than perfect credit and the housing market will increase but not by much. July (holiday )will be warm the and consumers will be out hard and heavy spending their money they have been saving since all this started. And all will be well oh and gas will go way up too ( because they can )
Gas price went up and we voted in a president who said he would make it go down. I remember being angry about the war before the gas thing, but McBama were both for the war in different ways. They both want more troops and more moeny when we are spending gobs now. Again, money going from the poor to the rich and people suffering because of it.
ReplyDeletePeople seem to forget about foreign policies when they can't put gas in their car. Conspiracy enough for you?