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?

:helpme

it's because of that damn lesbian John Kerry was talking about.

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.

that is weird isn't it as last year everytime it went up at all it went up on the corner.

not in europe... $10 a gallon

has it gone up steadily? or did it drop for the last 3 months or so?

Im paying $2.65... going down my ass.

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]

It sure as hell isn't cheap here..around 4 bucks a gallon or 99 cents a litre

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.

cheap my ass

well the barrel went up 25% and the gallon stayed the same. Cheap is relative.

?1,26 per litre here.

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.

not in my area

i just paid 2.31 for regular grade gas today

Between 1.15 - 1.25 Eur here per litre. :helpme

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.

http://www.eia.doe.gov/oil_gas/petro...ogas_chart.gif

Well you are lucky then, its 2.55 over here in san diego