- Oct 27, 2000
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We know the republicans love to use gas prices against Obama. Another bullet removed from the gun? I'm sure now the president doesn't control gas prices... but of course it was within his control before they started dropping. *Note: No president has direct control over gas prices, just a comment to show more hypocrisy.
Gas prices are expected to decline further and reach near $3 levels.
http://www.usatoday.com/story/news/nation/2012/10/20/gasoline-prices/1641935/
Gas prices are expected to decline further and reach near $3 levels.
http://www.usatoday.com/story/news/nation/2012/10/20/gasoline-prices/1641935/
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.
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