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What is your opinion about the falling gas prices?
I live in central California, and gas is down to about 1.60 for regular unleaded! I can't believe it. Who else is loving these low gas prices? How low (or high) is it where you are from?
oh wow. Don E, that wasn't quite what I was looking for.
13 Answers
- gibLv 51 decade agoFavorite Answer
Everyone loves low cost gas but why it's going down is another question. I think it's all connected to a lot of people losing their jobs too and the problems we are having in our banks now. It all ties together.
Source(s): me - 1 decade ago
I'm thinking this is an effort to keep the demand from sinking too low for petroleum so that when the prices increase again, we will be just as dependent as ever. The prices may not be raised as much as before. That way it can be said that it's still an improvement overall. It's basically a money/power issue. What else could it be?
- Anonymous1 decade ago
Back in 1995, $2.50/gallon was considered high in CA. The falling gas prices must be due to a worldwide recession. Its in the $1.80- $2.15 range in the San Francisco bay area.
- ?Lv 45 years ago
ok, we could attempt this slowly. it is not continually the somewhat grant in view that there's a backlog of grant even though it somewhat is the assumed or precieved grant. human beings purchase "futures" standard. some human beings make investments that expenditures would be a undeniable volume on a undeniable time. if it sells for greater, they make funds, in the event that they sell for much less they lose funds. So once you pay attention of advantageous information, traders are plenty greater in all probability to speculate, once you pay attention undesirable information it somewhat is going to sluggish it down Take right this moment, Walmart annouced that they could attempt in Fl advertising non call style prescribed drugs for 4 funds. the inventory of the different drug shop fell a great deal right this moment. Walmart has not even all started advertising it, do not understand if it somewhat is going to artwork, basically pronounced they are going to attempt it in one state. yet human beings all started unloading different drug shop inventory questioning they are going to lose alot of corporation. Did any shop lose funds right this moment, nope, will theylose funds for the subsequent 6 months, nope, yet right this moment those firms lost alot of fee. so with gas expenditures, traders can result the fee by potential of alot of issues like this. And in somewhat use, particular after NOV, heating oil ( additionally gas) will develop and expenditures bypass up. even though it is going up each NOV and DEC. And often early spring, is going backtrack, then back up in June for the summer time shuttle season. ( I continually theory the shuttle season replaced into greater grasping oil businesses yet it is basically me)
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- Anonymous1 decade ago
It's SWEET ! There's no telling how long it will last, but my suggestion would be to continue driving less. Remember, it's all about supply and demand ! reg gas is $1.60 in N Myrtle Beach, SC
- Anonymous1 decade ago
The price of crude oil is going down, this won't last much longer though. Most forecasters are predicting prices to rise a lot in the near future.
- PUNKLv 41 decade ago
I live in Ohio and its about the same price as yours. a little lower though.
I am excited about it because people don't have to struggle to fill up their tank.
I can't drive yet but im happy for others
Source(s): 15 year old girl - 1 decade ago
Upstate New York it's about 2.00 which is pretty amazing considering it was almost 5 bucks in July.
- 1 decade ago
Temporary relief. Eventually it will get quite high and keep going as the world's oil reserves become depleted.