T O P I C ��� R E V I E W
|
Hobbes
Member # 138
|
posted
Has OPEC increased production?When this whole deal started on 9/11 some people feared that gas prices would sky rocket. It didn't happen. Instead since then gas prices have dropped. Yesterday it was $1.04 a gallon at the beginning of the day, by the evening the same day it was $1.02. I'm curious if the drops are nation-wide, or if OPEC finally produced more gas.
|
Tahna Los
Member # 33
|
posted
The main reason of the drop in gas prices is the drop in the travel industry. Jets use a lot of fuel, and most airlines have been lurking in the danger zone. It's not the lack of gas that is the problem, it's the lack of demand for gas. Which is good.
|
First of Two
Member # 16
|
posted
Gas is between 1.13 and 1.09 hereabouts, down from around 1.43 just before the attacks.Tahna has it right... with much fewer flights, there's much less gas consumption, (hence a bigger overall supply,) so prices drop. +Supply -> -Prices. (Californians take note) Also, until now, fall's been pretty mild, so less heating.
|
CaptainMike
Member # 709
|
posted
So illogical these humans.. depending on what the war does to the middles east we may not have long to enjoy the low prices
|
The359
Member # 37
|
posted
Chicago has been notorious for having the highest gas prices in the nation, and right here (about 50 miles outside Chicago) it's been hovering around $1.10
|
CaptainMike
Member # 709
|
posted
*grumble* it was chillin around $1.50 pre 9/11, now its about $1.35.. here in Rhode Island
|
First of Two
Member # 16
|
posted
Guy 'in the industry' told my dad to expect it to drop below $1 a gallon by Thanksgiving.
|
Da_bang80
Member # 528
|
posted
It's down to 62 cents canadian where i live.
|