Adding Reply Archived Topic: It will not be bumped to the top of the forum. Topic Gas Prices at a new low Membername   Not a member? Sign Up Free (takes 20 seconds) Password   Forgotten your password? Post Font: Verdana Arial Black Georgia Comic Sans Impact   Size: Tiny Normal Big Huge   Color: Default Dark Red Red Orange Brown Green Olive Cyan Blue Dark Blue Indigo Black [ Check Spelling ] [ Post Preview ] [ LiveTags ] FAQ Keyword Search: Post Options Favorites Manager Notify me of new replies to this topic by email Notify me of new replies to this topic by private message Original Post lwfan2008 Posted at 5:22 pm on Oct. 21, 2008 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?

Replies fleur de saison4 Posted at 1:52 pm on Oct. 23, 2008 it's because no one can afford it because of the recession...... kristina16 Posted at 11:55 am on Oct. 23, 2008 Quote: from michael5122 at 4:13 pm on Oct. 22, 2008 they always drop it down 3 weeks before election day, and after that it will go back up.   always does Thanx for the "WHOO HOO" moment =( lol michael5122 Posted at 4:13 pm on Oct. 22, 2008 they always drop it down 3 weeks before election day, and after that it will go back up. always does kristina16 Posted at 1:46 pm on Oct. 22, 2008 Quote: from lwfan2008 at 1:39 pm on Oct. 22, 2008 Quote: from kristina16 at 12:49 pm on Oct. 22, 2008 Quote: from lwfan2008 at 5:27 pm on Oct. 21, 2008 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.   The cheapist one in my state is $2.59 omg its actually a bit lower than a couple months ago! it was like $3.85! lol    Could be that too.    Does everyone remember when we thought the gas prices were sooo freakin high when it went from $1.15 to $1.25!? lol. We need that back lol   LMAO hell yea! lwfan2008 Posted at 1:39 pm on Oct. 22, 2008 Quote: from kristina16 at 12:49 pm on Oct. 22, 2008 Quote: from lwfan2008 at 5:27 pm on Oct. 21, 2008 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.   Could be that too. Does everyone remember when we thought the gas prices were sooo freakin high when it went from $1.15 to $1.25!? lol. We need that back lol LMAO hell yea! kristina16 Posted at 12:49 pm on Oct. 22, 2008 Quote: from lwfan2008 at 5:27 pm on Oct. 21, 2008 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. Could be that too. Does everyone remember when we thought the gas prices were sooo freakin high when it went from $1.15 to $1.25!? lol. We need that back lol   shadowpool Posted at 5:34 pm on Oct. 21, 2008 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. panicxparadox Posted at 5:31 pm on Oct. 21, 2008 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 taraxgoesxboom Posted at 5:27 pm on Oct. 21, 2008 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. lwfan2008 Posted at 5:27 pm on Oct. 21, 2008 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. kristina16 Posted 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 bugiscoolhsm Posted at 5:25 pm on Oct. 21, 2008 i got it for $2.09 DarkRose2010 Posted at 5:24 pm on Oct. 21, 2008 This is right before the travel season... Thanksgiving. It'll probably go wayyyy up right before Thanksgiving. Aliboo Posted at 5:24 pm on Oct. 21, 2008 oil price is dropping because of economy omfgitsdavegrohl Posted at 5:24 pm on Oct. 21, 2008 saweet! Most recent 15 of 20 previous replies displayed.