Gas Prices Way Down...Why No Word From the MSM

Me | 10/26/05 | The Louis Wu

[Phantom Lord]

No. Because prices in NC are not way down.

Here in Apex/Holly Springs it peaked at $3.09 and I paid $2.55 yesterday. So its down a lot, but still needs to go down more.

[HereInTheHeartland]

" yet I see no word from the MSM about this development! Why??"

You obviously know the answer, but it's good to point this out.
I wonder the same thing daily, $2.07 in my area.

I wonder if the $7.00/gallon guy is still getting press coverage?

[dinoparty]

Bush's fault...er, uh, I mean, its Bush's fault that it hasn't fallen more.

[AEMILIUS PAULUS]

Just returned from the Napa region of California.Some prices up there had dropped to $2.55/gallon, some remained at $2.95.

[jeremiah]

2.61 - to 2.72 better but not what I would call low. It is about 25 cents lower than the peak. Washington state.

[EggsAckley]

In Santa Cruz I paid $2.89 for regular yesterday. Hasn't gone down much here at all.

[Phantom Lord]

But come Jan. 1 our state tax on gas goes up. They are predicting another 5 cents.

[rhombus]

2.48 in Massachusetts this AM.

[Think free or die]

Yup, here in SE Pennsylvania too. I noticed a crowd of cars at our nearby Shell station this morning, and saw that they had gas at 2.299. The station across the corner was selling at 2.379, and was moving only milk and cigarettes this morning! I immediately called my hubby with the good news.

[PilloryHillary]

The MSM isn't reporting it because it's good news. They are too busy talking about the 2,000th death in Iraq and drooling over the possibility of indictments. I paid $2.25 yesterday at a BP here in the Detroit suburbs.

[GOP_Proud]

I got that from O'blowhard on his program the other night. Where's he coming up with that? He insisted to his guest that the prices coming down was a result of the "price gouging by the oil companies" (he sees it as a conspiracy), didn't work because the consumers got mad and wouldn't pay their price. He actually said, supply and demand was NOT the reason.

He's crazy. We began to use less, (i.e. less demand). Therefore the supply increased, (i.e. more supply). To get rid of the supply, prices were lowered. What part of supply and demand does he not understand?

He continues in his belief that he is so powerful that his harping on the "gouging conspiracy" is what brought prices down. His guest's mouth was agape at his audacity.

[conservativewasp]

Can't trash the Administration with this, can't trash the Republicans with this, can't trash our country for all the world to see with this. No news here.

[kidd]

Down 60 cents (from a high of $3.05) around Hartford, CT.

While not exactly good news, it is an improving development. The MSM hates that.

[msjhall]

"First off, you can't get Bill O'Reilly to shut up about it. He's taking credit for it himself!"

From what I have seen he is giving credit to Americans.

[GOPJ]

If Clinton had been in office, we'd know gas prices had gone down, but never that they'd gone up. With Bush it's the opposite. Not that there's bias or anything...

[JackDanielsOldNo7]

Greasley sucks.

I see you are a magician. Can you make my horrible marriage disappear? LOL. Mortgage?

[andy58-in-nh]

NC has 3rd highest gas prices in country.

How much of that is allocable to state taxes?

[Ramcat]

Saying that the laws of supply and demand work in the oil markets with Imams, terrorists, commie dictators and environazis controlling supply is like participating in a blackjack game with the house dealing from the bottom of a marked deck and you're happy when you win every tenth hand.

I guess $2.25/gal. would be acceptable if we could expect and plan that the price would rise proportionally to everything else in the economy. But a case can be made that everything else is tied to the price of energy (oil/natural gas) and that's why for security reasons we need to focus on alternatives.

[raisincane]

Here in east central Indiana its down to $2.32. Was $2.76 last week.