Why Gas Prices Are Down
I am a true believer of the market. Outside forces may be able to manipulate the market for a short while, but in the end the market forces of supply and demand will have a lasting impact to anything sold in the market, and that includes gas prices. What’s interesting is, a recent survey reveals that 42% of Americans believe that there is a conspiracy with the recent slide of gas prices and the White House. Fortune writer Nelson Schwartz dispels the conspiracy theory in his recent article. This goes on to show you that most people are naive about market forces. Some people tend to believe conspiracies as well. As Mr. Schwartz have said, it is probably the same people that believe Elvis is still alive.
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Society would be well served if basic microeconomics was required in high schools… Supply/Demand (and their varying quantities) really impact our daily lives but as you’ve pointed out the majority of the population is blissfully unaware or blames some imaginary figure or group.
Amen to that! A little education makes a difference.
So, the same market forces that kept gas prices high for four years (like terrorism and war) have just suddenly and conveniently evaporated right before the election? That’s what you’re saying?
No, they’ve gotten quantifiably worse. Demand is up, supply is down….so prices fall?
No, that it’s autumn isn’t quite enough to account for a 40% fall in the price of retail gasoline sales in four months, some jackass at Goldman Sachs asserting that anybody who says differently is some kind of a nut really isn’t an argument…and futures on a barrel of light sweet crude are still trading at $60/barrel.
Yeah; that makes sense. Nobody could possilby believe that the Enron crowd would know how to manipulate something as complex as energy prices.
The price of gas; it’s not fraud, say the true believers in the free market, it’s just convenient!
So, you really think it is manipulated by politicians? I respectfully disagree. Maybe, in some minute way, but not long term. Demand and supply will eventually dictate market price.
No way. Dude– it’s total oil corruption. WHat’s up with other energy sources?