[dirtboy]

Gas demand is tanking at this price yet the price is heading towards $5/gallon?

[cuban leaf]

The achilles heel of my job is the 98 mile round trip commute.

[FReepaholic]

...Gas demand is tanking at this price yet the price is heading towards $5/gallon?...

That's what I don't understand. Reports are that demand is falling.

Every summer they blame it on the retooling of refineries to satisfy all the different blends demanded by California but it's only February. They can't have started that already.

[Myrddin]

Demand is falling, but so is supply. Supply is being choked off by Obama's anti-oil policies and the specter of a hot war with Iran squeezing supplies further.

[thackney]

Gas demand is tanking at this price yet the price is heading towards $5/gallon?

Global oil prices are climbing. US gasoline is less than 9% of the world petroleum market. The total global oil market is no longer falling, it is growing.

Oil is fungible. Beyond the transportation costs, our prices will vary with theirs. Just as our economy going into 2008 was helping to drive their prices.

[Rich21IE]

Gas demand is tanking at this price yet the price is heading towards $5/gallon?
________________________________________________________
Strange how that works.........isn’t it?

[dragnet2]

Gas demand is tanking at this price yet the price is heading towards $5/gallon?

Everyone we know is driving less...Substantially less.

The gas prices being raised are simply bull sh*t.

The reason? They can .