Is gas going to go back up to $4?

[romeos mommy]

i saw gas in south jersey today for $2.07

[hviola]

1.97 here in central illinois now.

[Mom to Hot Rod]

Gas was 2.19 the other day here.

[chachi]

I bet it goes up some around the Holidays

[mustangbee]

Originally Posted by chachi

I bet it goes up some around the Holidays

Yea, I bet you're right.

[Lexi Rae]

geez. just paid 2.85 a gallon.. thats new york for ya.. boy oh boy!!!!!

[BamaFan121s]

Originally Posted by romeos mommy

My friends insist that gas prices are going to rise again after the election. Do you agree with them? They feel it is political strategy that the prices recently dropped.

Well, to give my opinion on that as techincally as possible...
-- I never imagined when gas prices dropped that they would remain 'lower' for long. So "yes", I believe they are going to rise again.
--I believe that while it may not be a political strategy, or plot completely, I believe that politics plays a big role in gas prices. So "yes", I believe that the price change will have political underlyings.
--The election was Tues, everything from the present forward and beyond will techincally be happening 'after the election.' So "yes" I beleive that the increase will come after the election.

So litterally speaking, base on that reasoning, my official answer to the question is, "Yes, I believe that after the election the prices of gas will increase due to political reasons." NOT to be construed as, "Yes, they will increase because of the election results."



(Boy, do I have too much time on my hands or what!?)

[Erin]

OK I don't pretend to understand the futures market and hedge funds any more than any other person who has seen the movie Trading Spaces. They tried to explain it in my finance classes and the gist of it is that people speculate on whether the market prices will go up or down (be it for oranges, oil, corn or whatever)

People who don't actually intend to BUY oil get involved in this speculation. They basically *bet* on the fact that the price of oil is going to go up (or down.) If it goes their way, they make money. Most of these people don't actually BUY oil. They just influence the market.

Here is a very interesting Consumerist articles that tries to explain it: Gas Prices: Why Was Gas So Expensive?

For the record, I paid $2.49 on Monday. I'll check to see what it is today.

[mstrooperwife]

You want to know something that will make you sick. My son works offshore on a deep oil drilling ship....when he was home last week I asked him about the prices and he didn't have any idea why they came down , but he was told after the election it will go back up. Now get this, while the the gas is lower priced...the oil people are still making $600,000.00 a day.......so what in the world are they making when it's at $4 a gallon.

I paid $1.88 a gallon yesterday.....I filled up the truck of course

[BamaFan121s]

2.27 to day!

[Buddy-licious]

Charlotte NC gas was around $4.30ish ....as of yesterday I paid $1.79!!!

[margaritaville]

It was below $2.00 here today. I'd better run out and get some before it goes up again

[Ashley V]

Check this site out! Click on your state and type in your zip code and it will tell you where to go for the cheapest gas.

GasBuddy.com - Find Low Gas Prices in the USA and Canada

The cheapest and closest to me is $2.29. The actual cheapest is $2.19 but I'd have to drive about 10 miles to get to it. I'd rather not WASTE my gas to save .10 a gallon.