Congress is meeting?

Question

congress is meeting now to put a large limit on speculaters in the market on yahoo news it says gas can drop 2 dollars in 30 days if its passed what do ya think and dont throw in the supply and demand c**p they done said thats not it

Answer 1

If it goes through I dont think it will drop 2 bucks in 30 day.

Answer 2

Yes gas prices will drop, I don't thinkthey'll drop that much. The Senate is having hearings now. I believe that congress is working on a bill. here are the links to the information from the Congressinal hearings

Energy Market Manipulation and Federal Enforcement Regimes hearing:

http://commerce.senate.gov/public/index....

Greenberger testimony:

http://commerce.senate.gov/public/_files...

yahoo won't show the whole link but they do work and it's the full testimony from the subcomitee hearings

Answer 3

If the refiners in the US would up their production from 85% to 95% the prices would drop even lower.