Gas Prices Lowering?

Question

over here in texas, the prices are dropping back to 3.50 and lowering. what happend? is it lowering in your area?

Answer 1

Supply and demand.  Prices go up.  People buy less.  So the price goes down.

Answer 2

oil went up today,and yesterday, so dont count on it staying low

Answer 3

the drop was caused by a decline in the record of crude oil sales and supposably there supposta go down more yay!!!

Answer 4

live in southern new jersey and every day 2 cents less than the day before

Answer 5

Its going down in NJ too... just not as much.

Why is harder to say... the government would say that the lifting of the offshore oil ban scared OPEC. Others would say that Americans are using less gas  , its the old supply and demand thing.... we dont demand as much and the price goes down. Likly this is temorary.

Answer 6

Its 3.69 in harrisburg PA

Answer 7

$3.86 in Michigan. Still too high.

Answer 8

yes but who cares?  This is a much larger problem than just watching gas fall for a couple weeks.  The u.s. uses 20 million barrels a day.  20 million.  that's 100 million in a week about and like a half billion a month.  WHO CARES if it drops a few cents.  The depression is starting man don't be too blind to see it.



Peace

Answer 9

i live in cali so its still at 4.40

Answer 10

They seem to always lower after July 4th Holiday. It's always a wonder why considering how consumption has dropped over the past few months.

Answer 11

stagflation took it's toll.

Answer 12

$3.67.  I haven't paid much attention today, though.  I'll check the oil and gas futures on MSNBC at 4 tomorrow morning.  When the price is low, I top off that day.