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Gas Prices going down?


cloud1414

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I dont know if anyone else has noticed this, but gas has been going down day after day. Yesterday it was $3.29 a gallon and not today when i was walking to up get some lunch, gas was $3.09 a gallon. I live in Ohio i dont know if its the same anywhere else. But i was like o_0 OMG! at this rate gas will be under $3 again :)

Lets just hope a snowflake doesnt make it skyrocket to $4 again. :P

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Do you think all of this is happening due to the stocks going down? Thats what i've heard. I hope it goes lower for all our sakes. I dont drive but it would still make my family and friends alot happier haha :P

I don't really know what to think about it.. a while back the news was saying gas would be over $5 a gallon by the end of the year. So this had to have been some big surprise or something major happened to cause it to shoot down.

At the moment I don't drive either as my truck needs some new tires ($500) which I cannot afford. I'm also trying to sell it though to get something more gas efficient. My truck gets about 18 MPG.

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it'll rise up again. You've got to face the reality, oil is becoming a scarce resource in the world. Simple economics shows that, when supply decreases and Demand increases (more and more people using vehicles, etc), then the price will increase.

But i guess certain elements from governement and 3rd party intervention is bringing oil prices down. Such elements would possibly include:

- removing taxes on petrol prices.

- subsidies by the government to decrease petrol prices

- LPG fuel becoming more commonly used.

- Smart cars (electric cars, hydrogen cars, etc).

That, and people are probably not using the car as often.

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Over here in Ohio it's about $1.50

It's very convenient because I don't have a job and I have to pay for my own gas.

I also have a little Toyota Corolla and it doesn't take much to fill it up! ^^

I hated when it was up to $4.80

It was a pain. Now since it's down I can afford Christmas presents. ^^

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