Quote:
Originally Posted by StrawberryFields
The question is if the gas prices go down will they stay there....  |
Yes...there is look into why the market is using the futures model vice a 'supply and demand' business model. Since last year the actual demand has dropped and continues on the downward trend. What is happening is to pump less from the fields and distill less for the consumer. Overall, call it demand manipulation.
Currently, the real worth of gasoline resides around 1.67 dollar per gallon. When you see a 601 percent gain since 2001, there is something wrong. You have to remember also, todays pricing, every dollar drop should be equaling to a 3-cents per gallon drop at the pump. However, that is not the case. Quick to rise and slow to drop. For me, this good in a sense since it will drive the consumer to elect for the upcoming electrical vehicle and get away from the oil corporate monopoly. On the other side, the cause and effect shows...most of those who created this artificial market cannot even get a temple recommend at this point.
Beside that, Utah imports no oil at all and pretty much a self-sustaining state when it comes to energy. Call it BLACK GOLD....
Put it on GREED.