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Old 10-15-2004, 05:51 AM   #1
slapass
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Why is gas so cheap?

in my area I paid $2 per gallon when we hit $40 per barrel. then it kept going up per barrel and gas went down. Now it is $54 per barrel and $2 per gallon again.

If I was paranoid, I would say the oil companies are trying to help the most oil friendly president in history get reelected.

But what is the real reason?

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Old 10-15-2004, 05:53 AM   #2
pornstar2pac
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it's because of that damn lesbian John Kerry was talking about.
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Old 10-15-2004, 05:55 AM   #3
infatu
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Ya, it's fucking weird. It was up over $1/litre in Canada almost a year ago now. Now that it's $15 higher a barrel, gas is cheaper.

I think they're waiting till winter to nail us on heating costs.
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Old 10-15-2004, 06:00 AM   #4
slapass
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that is weird isn't it as last year everytime it went up at all it went up on the corner.
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Old 10-15-2004, 06:02 AM   #5
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not in europe... $10 a gallon
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Old 10-15-2004, 06:03 AM   #6
slapass
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Quote:
Originally posted by thinkx
not in europe... $10 a gallon
has it gone up steadily? or did it drop for the last 3 months or so?
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Old 10-15-2004, 06:18 AM   #7
Magg
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Im paying $2.65... going down my ass.
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Old 10-15-2004, 06:41 AM   #8
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Quote:
Originally posted by slapass
has it gone up steadily? or did it drop for the last 3 months or so?
Erm I haven't seen any drop in recent years..
Cheapest I can remember was £0.60 a litre, now its about £0.82 where I am. [U.K litre, not U.S litre]
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Old 10-15-2004, 06:47 AM   #9
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It sure as hell isn't cheap here..around 4 bucks a gallon or 99 cents a litre
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Old 10-15-2004, 06:48 AM   #10
NickPapageorgio
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It has mysteriously gone down here in VA also. We were paying like 2.35 a gallon for premium and now some places you can get it as cheap as 1.95 per gallon. Weird shit.
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Old 10-15-2004, 06:49 AM   #11
BT
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cheap my ass
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Old 10-15-2004, 06:52 AM   #12
slapass
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Originally posted by BT_trafficcashgold
cheap my ass
well the barrel went up 25% and the gallon stayed the same. Cheap is relative.
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Old 10-15-2004, 06:58 AM   #13
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Quote:
Originally posted by spunky
It sure as hell isn't cheap here..around 4 bucks a gallon or 99 cents a litre
?1,26 per litre here.
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Old 10-15-2004, 12:20 PM   #14
slapass
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US govt was forcing it down with an old law enacted during the first gulf war. That period is now up. Greenspan explained it today.
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Old 10-15-2004, 12:20 PM   #15
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not in my area
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Old 10-15-2004, 12:36 PM   #16
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i just paid 2.31 for regular grade gas today
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Old 10-15-2004, 01:10 PM   #17
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Between 1.15 - 1.25 Eur here per litre.
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Old 10-15-2004, 02:08 PM   #18
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Prices have been helped by the US tapping the strategic oil reserves three weeks ago, under the auspices of replacing production capacity lost in the Florida hurricaines, and by federal subsidies to oil producers in the 2003 energy bill.

There are a lot of things the US gov't can do to keep gas prices down. Ultimately it costs just as much, but Americans are a lot happier, on average, if their government adds $10 billion to the debt, and drops gas prices at the pump by a penny, than if they had to pay the higher gas price out of pocket. The government institutes these sorts of subsidies fairly regularly, so it's never any one obvious factor, it's usually just a penny or two here and there.

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Old 10-15-2004, 02:11 PM   #19
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Well you are lucky then, its 2.55 over here in san diego
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