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Gas $2.15 (pg. 2)
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View this Thread in Original format
| DeRangedMind |
| quote: | Originally posted by Aspy
Well i guess the main reason gas is getting cheap.. |
After all these elections are over in November you'll see back to $3 sumithng |
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| Groundhog Boy |
While I commented before about the corporations cutting prices to ensure their business friendly government stays in power, there was an article on CNN/Money today about hedge funds and other large banking institutions purchased tons of futures in anticipation of a bad hurricane season yet again this year. This caused the prices to shoot up and when a repeat failed to happen, now they're dumping it
http://money.cnn.com/magazines/fort...dex.htm?cnn=yes |
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| intelligent77 |
$1.89
HAHAHAHAHA |
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| RoBDaWG |
| Saw $1.95 in Edision, NJ last night! |
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| RoBDaWG |
| quote: | Originally posted by DeRangedMind
After all these elections are over in November you'll see back to $3 sumithng |
well said. |
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| reddog4063 |
| im paying 2.47 for premium |
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| Highmay |
| quote: | Originally posted by kid nyce
or you can just live in the city and not have to drive anywhere lol |
words to live by... |
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| Aspy |
| quote: | Originally posted by DeRangedMind
After all these elections are over in November you'll see back to $3 sumithng |
So i guess i should keep some gas ;)
BTW when is the elections? |
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| DJ_Lord |
This same strategy is applied in every elections for the past 30 years, your beloved Clinton did it too.
Gas will go up, and the market will drop on inflation, meanwhile enjoy the feast! ;) 11,984 and going... |
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| stevieboy32808 |
| quote: | Originally posted by Groundhog Boy
And this is how the corporate world protects itself in election years.
If you just look at poll numbers, this issue alone has caused increased confidence in the current administration and Congress. It's kind of sad how the American people use this as a more important political barometer than so many other issues.
It's amazing how people notice this, yet don't notice how the Republicans with their corporate tax breaks and subsidies increase their tax responsibility more than they're saving in gas. |
I totally agree with you, but how would you tell those who say that it is impossible for the president to have his finger on the gas button argument? |
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| Groundhog Boy |
| quote: | Originally posted by stevieboy32808
I totally agree with you, but how would you tell those who say that it is impossible for the president to have his finger on the gas button argument? |
He doesn't need his finger on the button. Corporate America knows they are better off with the Republicans in office, because the Democrats will tax them more and cut into their profits (though both parties are pretty sold to big business through our lobbying system).
That said, I think a lot of the reason people think it's always election year politics is because of the time of year when the elections fall. Even in non-election years, as long as there wasn't a hurricane that fueled a price surge, gas is down this time of year. People just don't drive as much as in the summer, so demand is down, and the need for heating oil hasn't started yet. |
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| DJ_Lord |
Groundhog Boy,
As you can see from the chart below, the bears pushed the contract lower for 10 consecutive weeks between July and September until the price was able to find support near $1.45 at the end of September. Now that the price is starting to consolidate around the support, we'd expect the energy bulls to start stepping back in, sending the price higher over the coming weeks.
Looks like party is over! :D |
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