GOP suddenly quiet on falling gas prices

[andreisdaman]

Please point me to a specific policy pushed by Obama or the Democrats that has helped increase the supply of gasoline.

Because if you can, then you might have a point. But all Obama has done is restrict the supply of energy, oil, and gasoline. So if supply is restricted, then the only possibility for prices to go down is reduced demand.

This is basic economics here. It shouldn't be causing even a retard such as yourself this much grief.

answering you is obviously a waste of time..carry on with your dumbness

[andreisdaman]

Okay:
- Prices were at highs because supply was restricted and demand was slowly growing.
- Prices are falling now because demand is (probably) falling thanks to the economy weakening again. I wouldn't be surprised if we were on the front-end of a recession right now.

The only other possibility is an increase in supply causing falling prices, but that could only be the case in spite of Obama's policies, not because of them.

of course this absolutely must be true because you say so right?

[GigantorX]

??

so when it was $4.39 on highway 5 in California 2 months ago what was happening then?

Regional factors come into play.

-Distance from refineries.
-All manner of taxes.
-Location of the actual gas station.
-Which blend is being used.
-I've read that much of the oil/gas that gets sent to Cali via various pipelines is shipped off to Japan and Asia pacific. I'll try and dig that up.
-Other things...


Some of those are "tack on" things and others have a bigger impact like taxes and such. But the major reason is supply/demand/geopolitics/production policy.

As for the grand oil game, it comes down, in large part, to the final flow rates. Meaning, you can have an "reserve" which is oil that is accessible, of 100 trillion barrels but it is meaningless if you can only pump out 5 mbpd.

[andreisdaman]

Regional factors come into play.

-Distance from refineries.
-All manner of taxes.
-Location of the actual gas station.
-Which blend is being used.
-I've read that much of the oil/gas that gets sent to Cali via various pipelines is shipped off to Japan and Asia pacific. I'll try and dig that up.
-Other things...


Some of those are "tack on" things and others have a bigger impact like taxes and such. But the major reason is supply/demand/geopolitics/production policy.

As for the grand oil game, it comes down, in large part, to the final flow rates. Meaning, you can have an "reserve" which is oil that is accessible, of 100 trillion barrels but it is meaningless if you can only pump out 5 mbpd.

very nice...you got through an entire post without blaming the left or Obama...POTUS has no bearing whatsoever on gas prices.....GEOPOLITICS as you put it is more of a key

[GigantorX]

very nice...you got through an entire post without blaming the left or Obama...POTUS has no bearing whatsoever on gas prices.....GEOPOLITICS as you put it is more of a key

Thanks for the thumbs up, but I think I have a good track record of playing straight around here. As for the President having no bearing on gas prices, well, a President and his policies concerning energy exploration/discovery/production etc would play a part. Not nearly as big as Saudi Arabia or other OPEC countries stances, but it would play a role.

[OzmO]

Okay:
- Prices were at highs because supply was restricted and demand was slowly growing.
- Prices are falling now because demand is (probably) falling thanks to the economy weakening again. I wouldn't be surprised if we were on the front-end of a recession right now.

The only other possibility is an increase in supply causing falling prices, but that could only be the case in spite of Obama's policies, not because of them.

Who was restricting the supply and how?

Also, typically we use more gas in the summer time versus mid May.  

Don't get me wrong I am not trying to make a case about OB policies causing prices to go down.

[garebear]

Gas prices are dropping, and I think I know why.

Obama wants more people to drive so that there will be more accidents.

All part of his plan to destroy America.

[GigantorX]

Gas prices are dropping, and I think I know why.

Obama wants more people to drive so that there will be more accidents.

All part of his plan to destroy America.

 

You'll be getting a knock on the door from some men in black suits, very soon.

[240 is Back]

Gas prices are dropping, and I think I know why.

Obama wants more people to drive so that there will be more accidents.

All part of his plan to destroy America.

bwahahahaha   destroying america, one fender bender at a time. 
Acorn/SEUI in bed with the Chevy Volt folks.


 I knew it all along.  I predicted this in 1983 but nobody in my 3rd grade class listened.  Who's laughing now?

[andreisdaman]

Thanks for the thumbs up, but I think I have a good track record of playing straight around here. As for the President having no bearing on gas prices, well, a President and his policies concerning energy exploration/discovery/production etc would play a part. Not nearly as big as Saudi Arabia or other OPEC countries stances, but it would play a role.

all that is probably worth maybe 3 cents a gallon

[whork]

Gas prices are dropping, and I think I know why.

Obama wants more people to drive so that there will be more accidents.

All part of his plan to destroy America.

 

[chadstallion]

I paid 3.85 in nyc today    

3.13 in dallas.

[chadstallion]

Gas prices are dropping, and I think I know why.

Obama wants more people to drive so that there will be more accidents.

All part of his plan to destroy America.

YES!
more accidents; more people having to use health insurance!

[andreisdaman]

Gas prices are dropping, and I think I know why.

Obama wants more people to drive so that there will be more accidents.

All part of his plan to destroy America.

you know...you could really have a future in political commentary if you gave it half a shot..good job 

[OzmO]

Regional factors come into play.

-Distance from refineries.
-All manner of taxes.
-Location of the actual gas station.
-Which blend is being used.
-I've read that much of the oil/gas that gets sent to Cali via various pipelines is shipped off to Japan and Asia pacific. I'll try and dig that up.
-Other things...


Some of those are "tack on" things and others have a bigger impact like taxes and such. But the major reason is supply/demand/geopolitics/production policy.

As for the grand oil game, it comes down, in large part, to the final flow rates. Meaning, you can have an "reserve" which is oil that is accessible, of 100 trillion barrels but it is meaningless if you can only pump out 5 mbpd.

Ok, but exactly happened in 7 weeks that changed in all those things?

[andreisdaman]

3.13 in dallas.

I traveled to Dallas twice last year and the gas prices there are really pretty reasonable..I was surprised at how low they were

[Soul Crusher]

I traveled to Dallas twice last year and the gas prices there are really pretty reasonable..I was surprised at how low they were

Stay out of texas - they don't like your kind over there.   

[andreisdaman]

Stay out of texas - they don't like your kind over there.   

they don''t like your kind there either.....the unemployed.

[GigantorX]

Ok, but exactly happened in 7 weeks that changed in all those things?

Probably the economy declining further and then the evil futures traders selling and pushing the price of a barrel of oil down. All the things I listed have effects, but the biggest effect is usually the price of a barrel of oil and refining capacity. It could have in part to global demand dropping as well so the oil corps. and refiners just kept the distillates/oil in he U.S. to be sold rather than exporting it.

But the Gasoline - Oil connection can me hazy at times if refining capacity can't produce enough gasoline to satisfy demand.

[chadstallion]

Stay out of texas - they don't like your kind over there.   

we like all kinds:
steers, queers, rednecks.

[Dos Equis]

I just filled up my car yesterday.  Not exactly jumping for joy over "falling gas prices." 

[OzmO]

Probably the economy declining further and then the evil futures traders selling and pushing the price of a barrel of oil down. All the things I listed have effects, but the biggest effect is usually the price of a barrel of oil and refining capacity. It could have in part to global demand dropping as well so the oil corps. and refiners just kept the distillates/oil in he U.S. to be sold rather than exporting it.

But the Gasoline - Oil connection can me hazy at times if refining capacity can't produce enough gasoline to satisfy demand.

But hasn't history shown us demand always goes up in the summer?  How is this summer economic wise any different from any other summer since 07?  Hasn't been that way for the last 10 years at least?  I could be wrong.  

[OzmO]

I just filled up my car yesterday.  Not exactly jumping for joy over "falling gas prices." 

Not enough to make me jump for joy but.......

Don't know what it is over there, but may cheap gas was 4.17 here.  Now i can get it for 3.51  which means i save about $15 dollars every time i fill up which about 3-4 a month.  Its not 1.89, but hell, this is better than it has been.

[GigantorX]

But hasn't history shown us demand always goes up in the summer?  How is this summer economic wise any different from any other summer since 07?  Hasn't been that way for the last 10 years at least?  I could be wrong.  

More people losing their jobs or going from high paying jobs to menial McJobs, credit cards being maxed out, more people losing their homes, savings being drained away and on and on. In 2007 the economy was in a shambles, things were shaking out...some held on, some dipped into savings some got a 2nd job etc.....at this point all that has been shaken out again. Now that 2nd job doesn't exist, the savings are drained, you can't squeeze a nickel out of any household demand, or they family who survived but had to live walking the highwire has now suffered a job loss, or a reduction in pay or hours or whatever and they are now fucked.

Oil is also global and the global economy is falling apart as well.

[Dos Equis]

Not enough to make me jump for joy but.......

Don't know what it is over there, but may cheap gas was 4.17 here.  Now i can get it for 3.51  which means i save about $15 dollars every time i fill up which about 3-4 a month.  Its not 1.89, but hell, this is better than it has been.

I think I paid $4.40?  Something like that.  I'm always trying not to go postal when I fill up.