Why Gas Prices Won't Go Down
 

40% of all oil stock is in retirement portfolios.

That's the big secret.

Americans are so greedy because they know oil stocks rise, they won't fight the machinery of the oil cartels.

They're bought and sold. If big oil collapses, so do the fortunes of millions of old farts.

money hungry politicians!

I get a really good chuckle out of reading economic theories on this board

:helpme

not that I can come up with anything better..

I just mean it makes me laugh .... because I can't really understand it

I think the real reason the gas prices wont drop is because of the alien landing back in the 50's....

makes about as much sense as your dumb ass theory

there is one simple reason that gas retail prices won't go down:

market-driven pricing.

everyone in 2000 said "omg if gas hits $2 i'm never driving again", then they said it last year about $3. well now $3 is here to stay, and no one i know is driving any less.

i'm just as guilty, but my point is.. if you could sell a $70 join that converted the same as a $20 joinpage.. which are you going to push?

Gee, look what just crawled in under the floor mat. Mr. Genius himself.

Can't even spell 'pimp' correctly. I bet every night they let you out you try to 'p1mp' a 'h0'.

Money hungry Americans. Plain and simple. Oil's a good thing and that's that.

i never invested 1c into oil :)

Yep. Anyone that thinks gas will ever be $1 or even $1.50 a gallon again is crazy. Doesn't seem that long ago that $1.50 a gallon was high. My next car will be a hybrid since I know $2.50+ a gallon gas is here to stay.

SUV maybe 15 MPG aveage American 12,000 miles driven per year( probally more ). That's 800 gallons at $2.50 = $2000 a year in gas. That's crazy. I remember in early 1999 I was paying 85 cents a gallon. Those were good old days.

Of course! Totally spot on!

Yet look at who is making the profits! Americans! It's like the drug trade. Not one dip in drug trade profits or products since 9/11, the hurricanes, tsunamis and wars. Why? Because everybody has their hands in the stash that's why. Same with oil profits. Want to boost that investment/retirement portfolio? Exactly as you said, boost em'. Who is gonna complain? The small fries. Who can do something about it? The people who are making the profits.

Crash oil profits and tens of millions of older Americans go broke.

Actually, gas prices will probably fall again, at least a bit.

At current prices, other energy sources become a viable alternative. Naturally, the OPEC doesn't want oil to be replaced as the world's primary energy source, especially since they still have decades worth of oil in the ground. So, if oil prices stay too high for too long, they'll try to bring prices down by producing more. It has been done before.

:thumbsup:thumbsup:thumbsup

Just spent 75 bucks to get about a quarter of a tank less than full yesterday.

And I bought at the cheap station around here for 3.27 a gallon. The other ones are north of 3.30 now.

I have this love hate relationship with where I live lol.

:)

christ, the price in sweden is pretty close to doubble that of the us.
were not complaining.

And how much oil does Sweden produce?

Here in Canada we have a legit right to complain. Our tar sands in Alberta is said to be the second largest (if not the largest) oil reserve on the planet, we import very little these days - and yet we're still paying these fuckin' outrageous prices like a bunch of dupes.