[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

My Top 10 media lies: Goodwin

Leaks Show Maricopa AudiT Will Deliver ... We MUST Begin FighTing --- The Cover-Up - Propaganda - Lies.

Covering Biden -- or Just Covering for Him?

The Media Didn’t ‘Get It Wrong’ On Lafayette Park, They Lied To America — And They’re Still Lying

How This All Ends

Omar Is Forced To Clarify After Democrats Say She Equated U.S., Israel With Terrorists

Facebook and More Media Trump Lies

LIBERTY'S FLAME - T-SHIRT

Republican victories in South Texas prove once again that demographics aren't everything

Congress Must Keep Liberty’s Flame Alive

Progressives get vicious with Joe Manchin because he has principles

The Science Suggests a Wuhan Lab Leak

Because They Got Away with Russiagate

How China turned a prize-winning iPhone hack against the Uyghurs

Obama Predicts Major Discovery Could Spark 'New Religions'

Facebook suspends Trump's accounts for 2 years, citing public safety risk

Conservatives more susceptible to believing falsehoods

Joe Biden has his MAGA: Make America Goofy Again

They Lied, People Died: Media and Dems' Deadly Wuhan Narrative

Dreams of a new #NeverTrump political party? Good luck with that.

DeSantis signs transgender sports ban on first day of LGBTQ Pride Month

An Evangelical Battle of the Generations: To Embrace Trump or Not?

Paul Ryan’s Impotent Appeal

Trump's back. Here's what his re-entry means for 2024.

Texas Gov. Abbott to veto funding for state legislature amid spat over election bill

Fox’s Lone-Wolf Liberal Had a Tough Job. But It Made for Better TV.

3 Ways We Can Pray for Our Nation

Stop China From Getting a Civilization-Killing Pathogen | Opinion

House Republicans Introduce ‘Stars and Stripes’ Bill to Ban Flying ‘Political,’ BLM Flags at U.S. Embassies

Vice President Kamala Harris under fire for 'disrespectful' tweet

3 Ways We Can Pray for Our Nation

As pandemic wanes, Florida’s DeSantis seizes national stage

Memorial Day Prayer Honoring Those Who Have Sacrificed Their Lives

2021 National Memorial Day Concert

Dems who ignore rising crime will pay a severe ballot-box price

BOMBSHELL! Fauci in 2012 wrote that “gain of function” research to juice up bat viruses was worth risking a pandemic: “the benefits of such experiments and the resulting knowledge outweigh the risks. It is more likely that a pandemic would occur in n

Enough of FauciÂ’s lies!: Devine

Biden shut down Wuhan inquiry out of spite — and is now forced to reverse course

BREAKING: USPS Worker Admits To Dumping Election Ballots In New Jersey Dumpsters

Judge Orders Gov. Newson to Pay $1.35 Million for Discriminatory Church Lockdowns

Surging crime rate spells trouble for Democrats in 2022 elections

Why May 8 Was a Very Bad Day for Virginia Democrats

Digital Audit of ALL Absentee Ballots in Corrupt Fulton County Ordered by Judge . . .

BREAKING: ‘Significant Discrepancies’ Discovered In Arizona Audit, Ballots Off Up to 17.5%, ‘Likely Joe Biden Did Not Win’

Americans are tired of the left's lie that U.S. is systemically racist

Here’s the truth: Hamas is a terrorist group on a mission of genocide

Biden must let Bibi fight his way: Goodwin

Biden Is Off to a Disastrous Start

I do believe ThaT iT is wiThin The realm of possibiliTy ThaT Biden could win a presidenTial elecTion ... iT would Take place during a severe weaTher evenT --- hеll freezing over.

New Data Finds Majority Of Trump’s 2020 Voters Were Women and Minorities


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: Gas Prices Could Soon Drop 50 Cents A Gallon
Source: USA TODAY
URL Source: http://www.9news.com/news/world/295 ... ld-soon-drop-50-cents-a-gallon
Published: Oct 21, 2012
Author: USA TODAY
Post Date: 2012-10-21 13:21:36 by Brian S
Keywords: None
Views: 2040
Comments: 2

USA TODAY - Autumn gasoline prices are about to drop faster than fall foliage.

With inventories rising and demand waning, gasoline prices could plunge 50 cents a gallon from October's $3.86 peak average over the next few weeks, providing a lift for the economy and possibly becoming a factor in next month's presidential election. Gasoline, now averaging $3.69 a gallon, is expected to fall to $3.35 or lower by late November. In some regions, prices have already sunk below $3.

"Most of the country is heading appreciably lower the next few weeks,'' says Tom Kloza of the Oil Price Information Service, who notes wholesale prices in some key markets have dropped from as high as $4.35 a gallon to $2.71. Pump prices typically lag big wholesale drops. But Kloza expects retail prices to sink five to 15 cents a gallon over each of the next three weeks.

The drop could provide a boost to consumer spending and influence next month's presidential race, where gas prices have been a hot-button issue for much of the campaign. Several battleground states, including Ohio, Pennsylvania and Wisconsin, are enjoying big price drops.

"Certainly, lower gas prices are helpful in terms of consumer spending by increasing disposable income,'' says Brian Bethune, chief economist at Alpha Economic Foresights. "And if prices come down at a rapid rate in the next three weeks, that would tend to help the incumbent. It may not be logical, but if people see problems with the high cost of food or gas, it's the president who tends to get the blame."

Gas prices have remained stubbornly high well past their traditional Memorial Day weekend peak, due largely to supply shortages and refinery woes on the West Coast and Midwest. But with oil inventories rising and production issues ebbing, prices have been easing the past week, a trend likely to accelerate. "This is very much gravity at work,'' Kloza says. "The faster prices soar, the more prone they are to panic sell-offs."

Kloza expects prices to bottom in the $3.30 range. Gasbuddy.com analyst Patrick DeHaan and energy analyst Brian Milne of Telvent DTN see a $3.35 bottom. Barring rising troubles in the Middle East or refinery issues in the U.S., prices could remain in that range through early 2013.

On Friday, gasbuddy.com was tracking some central Ohio stations selling gas for $2.97 a gallon. Gas prices remain stubbornly high in California -- the nation's priciest state averaging $4.51 a gallon -- although some stations are charging more than $5. Energy experts expect prices to bottom in the $4 range. "California is not completely out of the woods yet regarding supplies, and their refineries haven't been able to keep up,'' Milne says. Subscribe to *Elections 2012*

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: All (#0)

My local station in Munith station just dropped to 3.45g. 10 days ago it was 3.99...

It is not easy reconstructing 'molded minds'...

Brian S  posted on  2012-10-21   13:24:00 ET  Reply   Trace   Private Reply  


#2. To: Brian S, A K A Stone, Liberator (#1)

It is a normal cycle of reduction. Prices go up around labor day stay that way until Columbus day and drop a bit until they jack up again for Thanksgiving and the holiday season. Did you get this alert on your obamaphone:)

"Thine eyes did see my substance, yet being unperfect; and in thy book all my members were written, which in continuance were fashioned, when as yet there was none of them.) Psalm 139:16

redleghunter  posted on  2012-10-21   13:32:42 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com