Why is gas dropping?

[Yes Im Biop]

Ok not that I'm complaining but currently Super in my town is at $3.27. Thats a 50 cent drop in 2 month's. Why is this? And can we expect it to continue to fall?

EDIT: Super is 3.27, Unleaded is 3.37

[Keronians]

Ok not that I'm complaining but currently Super in my town is at $3.27. Thats a 50 cent drop in 2 month's. Why is this? And can we expect it to continue to fall?

Why, I'm not sure. I haven't been following the commodity markets recently. But, no, you can't expect it to continue dropping. In the long run, oil will continue to inflate.

[Samuraikoku]

Because someone farted. *holds nose and sprays air freshener*

[Divair]

Confidence in the economy is weak. Simple as that.

[Mayane]

Because someone farted. *holds nose and sprays air freshener*

Spray some more, it smells horrible.

[Norsklow]

Confidence in the economy is weak. Simple as that.

Why is the price of my electricity rising?

Confidence in the economy is weak. Simple as that.

Uhuhuh.

[Divair]

Confidence in the economy is weak. Simple as that.

Why is the price of my electricity rising?

Confidence in the economy is weak. Simple as that.

Uhuhuh.

Increased consumption? Increased taxes? You're using more electricity? Depends on where you live and how you live.

And why did you quote me twice?

[Terrible Rage Over Lost Luggage]

Confidence in the economy is weak. Simple as that.

This, coupled with typical seasonal variations.

What was two months ago (in the US)? Labor Day weekend was upon us. Since then, the "summer driving season" as it's often called has ended.

It'll spike a bit around Thanksgiving as it always does (though as things currently stand it may be--as I've noticed it has a couple of times in recent years--that the "spike" is merely "it stops dropping for a bit").

[Zephie]

no longer summer

[The Occident]

Confidence in the economy is weak. Simple as that.

^^ This. Over the past few years, the bite from the recession has painfully weakened, and the economy is slowly recovering. However, there is still weak consumer confidence (overall) nationwide. Simple supply and demand. There will always be a demand, but until confidence in the economy improves, gas prices will continue to show weak stability no matter what direction they move in.

[Norsklow]

Why is the price of my electricity rising?



Uhuhuh.

Increased consumption? Increased taxes? You're using more electricity? Depends on where you live and how you live.

And why did you quote me twice?

You'r providing One Single Solution. I tested to see if it was as simple as that. Obviously, your argument was complete buh-loh-ney.

[Keronians]

Confidence in the economy is weak. Simple as that.

^^ This. Over the past few years, the bite from the recession has painfully weakened, and the economy is slowly recovering. However, there is still weak consumer confidence (overall) nationwide. Simple supply and demand. There will always be a demand, but until confidence in the economy improves, gas prices will continue to show weak stability no matter what direction they move in.

Except oil is price inelastic. Basically, demand doesn't respond much to changes in price.

[Divair]

Increased consumption? Increased taxes? You're using more electricity? Depends on where you live and how you live.

And why did you quote me twice?

You'r providing One Single Solution. I tested to see if it was as simple as that. Obviously, your argument was complete buh-loh-ney.

Electricity rates vary based on local conditions (taxes, supply, non-oil resources, personal life style choices). Oil prices, on a global scale, have gone down. Comparing the two is "buh-loh-ney".

[Risottia]

Ok not that I'm complaining but currently Super in my town is at $3.27. Thats a 50 cent drop in 2 month's. Why is this? And can we expect it to continue to fall?

Here in Italy petrol (95-98 octane rating) has dropped from 1.989 €/l in August to the current 1.785 €/l (prices at the pump at the ENI station closest to my house).
My guess is that prices rise during the summer because of the summer vacations. More people driving long distances, you know.

Btw, side remark, for the first time since WW2 the yearly amount of new bicycles being sold has overtaken the same amount for cars. Cry me a river.

[New Finnland]

Simple, presidental election coming up.

[Norsklow]

You'r providing One Single Solution. I tested to see if it was as simple as that. Obviously, your argument was complete buh-loh-ney.

Electricity rates vary based on local conditions. Oil prices, on a global scale, have gone down. Comparing the two is "buh-loh-ney".

And obviously, you have compared gasoline prices for local conditions, taxes, and so forth, amirite?

http://www.telegraph.co.uk/finance/news ... edown.html

This included a $354m charge for writing down older, more expensive shale gas assets in the US following the fall in gas prices due to the abundance of shale gas.

[Divair]

Electricity rates vary based on local conditions. Oil prices, on a global scale, have gone down. Comparing the two is "buh-loh-ney".

And obviously, you have compared gasoline prices for local conditions, taxes, and so forth, amirite?

We're not talking about local gasoline prices. You're talking about YOUR electricity prices.

Global gasoline prices have gone down, and it's not because of a large increase in supply or a global tax reduction.

[Norsklow]

And obviously, you have compared gasoline prices for local conditions, taxes, and so forth, amirite?

We're not talking about local gasoline prices. You're talking about YOUR electricity prices.

Global gasoline prices have gone down.

http://www.telegraph.co.uk/finance/news ... edown.html

This included a $354m charge for writing down older, more expensive shale gas assets in the US following the fall in gas prices due to the abundance of shale gas.

Not the reasons you quoted - obviously

[Israslovakahzerbajan]

Hmm...here it's as crappy as ever. Thanks to the fucking TLCAN, it seems foreigners get petrol cheaper than nationals. Oh, Cárdenas is rolling around in his grave.

[Nouvel Louisiana]

I believe British Scientists found a way to convert air into gasoline.

Not in large amounts, and it won't stay down, but maybe oil companies are having a collective "Oh, shit!" moment.

[Sibirsky]

Why do retailers sell more goods in December?

Right. Gas is also seasonal and the summer driving season is over. Also, retailers have switched to the winter gasoline, which is cheaper. Summer gasoline includes a variety of ingredients, to slow evaporation. Finally, as already has been pointed out, the economy is weak.

[Khadgar]

Ok not that I'm complaining but currently Super in my town is at $3.27. Thats a 50 cent drop in 2 month's. Why is this? And can we expect it to continue to fall?

We saw a 50 cent drop overnight here. WTI crude has dropped almost 2% today alone.

http://www.bloomberg.com/news/2012-11-0 ... lster.html

[Sibirsky]

Simple, presidental election coming up.

Which has no effect on gas prices.

[Norsklow]

I believe British Scientists found a way to convert air into gasoline.

Not in large amounts, and it won't stay down, but maybe oil companies are having a collective "Oh, shit!" moment.

The Spectator had earlier this year a large expose on filthy tricks that oil companies are pulling to stop the development of alternative sources.

Including FAKING evidence that shale exploration is extremely risky, and homes can blow up without warning.

[XenoTerra]

Simple, presidental election coming up.

Agreed, hard to reelected if everyone is pissed off about gas prices.