Gas prices!!!

[SBG]

[R13]

now thats funny [censored]

[TheBeast]

Gas $3.79 in Dungannon and Midway.

[imported_elp6n]

I'm hoping that now oil is down by $14 a barrel we may see a gas price drop (yeah I know - high hopes).
My luck though oil will rebound before gas stations have to refill their tanks with gas made from the lower-trading oil. Or so they'll say.

[TheBeast]

They don't refill their tanks the instant it goes up but they do raise the price the instant it goes up. So why don't you see prices drop when barrel price goes down like you do when it goes up.

[imported_elp6n]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: TheBeast</div><div class="ubbcode-body">They don't refill their tanks the instant it goes up but they do raise the price the instant it goes up. So why don't you see prices drop when barrel price goes down like you do when it goes up. </div></div>
oh yes - that's a major pet peeve of mine!
I guess higher priced gas magically teleports into their tanks as soon as oil prices rise, but the opposite doesn't happen when it goes down.

[neutral88]

I read yesterdaay OPEC is holding barrels on us now...They have some BS reason, but face it, its to make demand rise...

Congress wants a dime, now. [img]/LDPforum/ubbthreads/images/%%GRAEMLIN_URL%%/mad.gif[/img]
"The chairman of the House Transportation and Infrastructure Committee, Rep. James Oberstar, and the chairman of the highway subcommittee, Rep. Peter DeFazio, presented fellow lawmakers with a list of how many jobs and how much money each state would lose. It ranged from $30 million and 1,000 jobs in Vermont to $664 million and 23,000 jobs in California.

"Because the trust fund is already looking at a looming shortfall, it would have moved project cancellations into the construction season," DeFazio, D-Ore., said in an interview. He said it was "highly unlikely" that oil companies would have passed savings along to consumers.


Click for related content
LiveVote: Time to raise the gas tax by a dime?


Trust fund deficit expected
Just three years ago, that trust fund enjoyed a surplus of $10 billion. Even without a tax freeze, the fund is projected to finish 2009 with a deficit of $3 billion. That that could grow as Americans drive less and buy less gas because of higher pump prices.

The consequence is that only about $27 billion in federal money will be available next year to states and local governments for new infrastructure investment even though the current highway act calls for spending $41 billion a year. For many, the solution is to raise rather than suspend or cut federal fuel taxes, which haven't changed since 1993."
http://www.msnbc.msn.com/id/25751775