ALLLRIIIGHT!
$2.99 instead of $3.05!!!!!
Get the price back around 1.85 and all of this will have been forgoten.
It's like slightly less ack-ack over France in 1942.
I thought that the liberals said those regulations were not responsible for high prices?
"...that measure would have next to no impact on crude prices and certainly would not help make gasoline any cheaper. Even the fuel-specification waivers will have a marginal impact..."
IOW, political grandstanding. Nothing else in the global supply-demand balance has changed, so the long-term trend will be up. Traders just started to feel it was profit taking time,and AP had to write something so they wrote this.
Someone looking to be fired at the AP?
The headline gave credit to Bush for a slight lowering of the price. You'd think they'd know better if their value their job.
BTW, this is a good thing what the President did. It was good when he did it after Katrina. It should be made permanent. It's right he get credit. Amazing what can be done when Congress can be bypassed.
Investigating big oil? Frist and Hastert made running jokes of themselves with that one.
Better idea - eliminate the Fed gas tax, lower state gas tax. Ease environmental restrictions in all states. Build refineraries. More nuclear power. DRILL OUR OWN OIL!! hear that SOROS Republicans beginning with Sensenbrenner!
And, really, if I hear anyone in my state whining I just slap them with the fact they voted to keep the Dem passed gas tax increase here last year. It's their own fault, so they can shut up here in WA.
It is all such a sham. The percentage of the retail price for gasoline that represents the real cost of crude oil, is a small fraction. Take the pump retail price...subtract profit margin, distribution cost, refining cost, state and federal taxation (argh), overhead for R&D and administrative and voila! You have a little amount left which actually represents the initial crude cost.
I listened to an "oil company executive" on a talk show today who tried to convince his audience that the price of crude change over the past 18 months or so had a direct correlation to the pump price and was the major cost controller. WHOA BUDDY! --- not so, for those of us who can do arithmetic. Even if you double the price of crude, it has a small impact on the true pump price.
Nice try guy. The crude cost is such a small percentage of the picture at the pump.
Honey, go fill up the SUV!
I just spent £30 on half a tank of petrol. I bloody well hope the price drops soon.
Regards, Ivan
Great News!
I’m down to only about 1/3 of a tank, so I need to fill up in the next week. This should drop the price maybe as much as two cents a gallon!
Until we build new refineries and start pumping oil from our land I will never believe the the government has any intention of doing anything but gum flap.
The people need to demand that the government authorize 10 new refineries and open all viable oil fields. If they happen to find oil in my back yard I will donate my property to the cause.
"President Bush is conspiring to lower gas prices before the November elections!"