The reason for falling oil prices explained (maye)

wilber1 wrote:
In New Zealand right now. 91 octane (the only grade available here) $2.00 NZD per liter. Diesel, $1.40 NZD per liter. I know it is early spring here but that is huge difference.

NZ would be $6 per gallon.

In New Zealand right now. 91 octane (the only grade available here) $2.00 NZD per liter. Diesel, $1.40 NZD per liter. I know it is early spring here but that is huge difference.

I prefer higher gas prices as my income is farm and oil. Farm income is not too good. When oil goes down my ability to buy also goes down. I've been through a number of oil prices falling. It will come back. It's just like a draught, which slows the farm economy. Both will go down and later come back.

At the walmart here in town, gas went up 20 cents on Thursday and went down 20 cents on Friday. Don't know what that was all about.

It went down here yesterday as well.
I have been paying $2.44-$2.49 for weeks. It was $2.39 yesterday

San Antonio, HEB supermarket on Austin Hwy last week $2.58. Today. $2.53. I guess it takes longer for the news to get to Texas :)

jfkmk wrote:
Last week $2.71, this week $2.67. There goes that theory!

well it took a big jump here yesterday so that don't break that theory

Last week $2.71, this week $2.67. There goes that theory!

DutchmenSport wrote:
I hate to drum up an old idea that seemed to get a lot of folks agitated, but I just filled up the car with Regular gas. It was $2.99 today. One week ago it was $2.32, same gas station.... yup ... the elections are over all right!

Last week $2.63. this week $2.57.

It is a bit like the traditional holiday price rise.

Bit Oil is true conservative: They do not like change because they have yet to buy the new guy. So they wish to keep the current powers that be in power.

Thus they lower the prices so we will think the current powers that be are doing a good job and not vote the idiots out of office and vote worse idiots in , at least worse for them, if not for us as well.