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  LiveWire / Teen Forums / Travel, Vacation & Roadtrips / Viewing Topic

Gas Prices at a new low
2.70
Replies: 20 — Last Post Oct. 23, 2008 1:52pm by fleur de saison4
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( lwfan2008 )


Technician 		Reply
I am luvin the drop in gas prices but I am wondering why the sudden drastic drop and are they expected to go back up, if so, what would make them go back up?
5:22 pm on Oct. 21, 2008 | Joined: Sep. 2008 | Days Active: 32
Join to learn more about lwfan2008 Georgia, United States | Female | Posts: 49 | Points: 369
Dylan6405


Omnipotent One
Patron
Tech Support Leader 		Reply
I saw it at $2.39 yesterday

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5:23 pm on Oct. 21, 2008 | Joined: July 2007 | Days Active: 346
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look over here


Enlightened One
Patron 		Reply
I got it for $2.35 today

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5:23 pm on Oct. 21, 2008 | Joined: Oct. 2006 | Days Active: 620
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stl man


Wealthy Hobo 		Reply
they do it on purpose. that's what i think

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5:23 pm on Oct. 21, 2008 | Joined: Sep. 2008 | Days Active: 141
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XxBrandonxX


Dairy Product Addict 		Reply
no idea but i think they are suppose to go up?

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XxBrandonxX
5:23 pm on Oct. 21, 2008 | Joined: Aug. 2007 | Days Active: 61
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hopeguz3


Professional 		Reply
yea i been wonderin' too

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5:24 pm on Oct. 21, 2008 | Joined: May 2008 | Days Active: 104
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omfgitsdavegrohl


Dairy Product Addict 		Reply
saweet!

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Aliboo


Soothsayer 		Reply
oil price is dropping because of economy

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5:24 pm on Oct. 21, 2008 | Joined: Oct. 2007 | Days Active: 371
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DarkRose2010


Grasshopper 		Reply
This is right before the travel season... Thanksgiving. It'll probably go wayyyy up right before Thanksgiving.
5:24 pm on Oct. 21, 2008 | Joined: Oct. 2008 | Days Active: 2
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bugiscoolhsm


Grasshopper 		Reply
i got it for $2.09
5:25 pm on Oct. 21, 2008 | Joined: Oct. 2008 | Days Active: 2
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kristina16


Dairy Product Addict 		Reply
I Heard that this happens everytime there's an election. Im guessing its cause they use money on all their freakin ads and come-back comercials >.< hahhaha

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5:25 pm on Oct. 21, 2008 | Joined: Jan. 2008 | Days Active: 57
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( lwfan2008 )


Technician 		Reply
Quote: from kristina16 at 5:25 pm on Oct. 21, 2008
I Heard that this happens everytime there's an election. Im guessing its cause they use money on all their freakin ads and come-back comercials >.< hahhaha
makes sense. i was also thinking of supply and demand.
5:27 pm on Oct. 21, 2008 | Joined: Sep. 2008 | Days Active: 32
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taraxgoesxboom


Soothsayer
Patron 		Reply
Why the sudden drop?
Because the economy went to crap for a while and it's still a bit iffy, they want to get their money out of the gas they have in case it all fails.

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5:27 pm on Oct. 21, 2008 | Joined: Mar. 2008 | Days Active: 332
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panicxparadox


Connoisseur 		Reply
Quote: from bugiscoolhsm at 8:25 pm on Oct. 21, 2008
i got it for $2.09

DAMN! Where?
It's like $2.80 here

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shadowpool


Guru
Patron
Support Leader
Tech Support Leader 		Reply
There are a bunch of reasons. The dollar is gaining strength because banks are hoarding treasury bonds, thus prices are going down. There has also been a drop in demand. Check out the drop on the Dow Transportation Index.

A few things could happen to raise gas prices.  The banks could sell their treasury bonds or increase the money supply any other way, or OPEC could cut oil production.  I think both scenarios are likely in the near future so it might be a good idea to buy your gas while it's still cheap.  Even if we go all the way into a deflationary collapse, the oil companies don't like prices to be this low and they will cut production.

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5:34 pm on Oct. 21, 2008 | Joined: Nov. 2005 | Days Active: 856
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