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Gas prices will go down dramatically (wishful thinking)

Item added by Weblister. Added on 07/04/2008
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5 Reviews

abichara
07/03/2009

Gas prices will go down dramatically (wishful thinking) 2

Price of petroleum went from about $150-$170 last summer to about $30 in the late fall. Some attributed it to deflation from the rapidly weakening economy, but that's not necessarily accurate. Traders drove up the price of petroleum in the futures market, creating a mini-bubble in petroleum prices. When the bubble collapsed, so did oil prices.

Basically, the big players in the financial markets were driving up the price of oil.

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MissPackRat4Je sus
07/14/2008

Gas prices will go down dramatically (wishful thinking) 2

More than likely a pipe dream.

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CanadaSucks
07/07/2008

Gas prices will go down dramatically (wishful thinking) 1

. . .we're catching up with the rest of the first-world. . .America has this concept backwards. . .

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TeresaG
07/05/2008

Gas prices will go down dramatically (wishful thinking) 1

THis won't happen into the Senate agrees to using Oil from ....let's say, the richest Oil Country right now...Mexico!!

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lmorovan
07/04/2008

Gas prices will go down dramatically (wishful thinking) 3

Election year.  'Nuff said.

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