Friday, July 30, 2010

Why are oil prices posting below $40 a barrel and gas remains around 1.90 per gallon?

last time the oil went below 40/barrel, prices were around 1.60 a gallon.Why are oil prices posting below $40 a barrel and gas remains around 1.90 per gallon?
LOL who cares. Its not 4 dollars anymore stop complainting %26amp; accept it. Milk is 1.90 or something like that what's the big deal It's not like gas doesnt have limits or other factors. Dont drive so much or get a car that gets better mileage. Pretty much anywhere else in the world even on a good day %26amp; with good supply gas would be like 8 or 9 dollars %26amp; yet even in bad times the US has only gotten to about half that still. Enough already. More use of gas means more people fighting for the supply thus they can charge whatever they want or is considered fair by the market %26amp; you have to pay or not get any. If you adjust for inflation we still pay less not then we did when cars came out.Why are oil prices posting below $40 a barrel and gas remains around 1.90 per gallon?
Gas went down to $1.47 then has creeped back up to $1.69 here in Arkansas....
The people controlling gas prices are not only the sellers, such as Saudi Arabia, but also the oil companies here in America. Even if they may get gas for cheaper, OPEC has decided that in the long term they don't want to allow people to buy for so cheap. So a board of men decides the price here, and vala.





They want to keep making money and we'll keep buying gas.

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