Gas to drop to $2.50 a gallon by November

[The T]

I thought the president couldn't control the price, so how is he supposed to get the credit for it again?

Oh yeah... political hacks.

He doesn't control it but his policies can influence it.

That is true. So what ACTION did Obama take to influence these prices downward? I've read nothing, and as we all well know Obama will not stop to take credit for anything good that happens on his watch regardless of his real involvement OR assign blame if it is bad.

So, did he actually do something? Or is he going to blame someone?

Or has he already?

 

[Stephanie]

Well great if it does..

we'll believe it when we see it

 

[KissMy]

The Germans already get 20% of their energy from the sun.

Are they smarter than us?

Yes.

Even Think Progress calls you a lier!

 

[Chris]

While many conservative leaders in the United States are calling on the tearing up of environmental protections to help our economy, Germany has shown the fallacy of that claim. The Germans continue to set new records on environmental protection. This week the German solar power plants produced a world record 22 gigawatts of electricity per hour — literally half of the energy used through the key midday hours in the country.

That is the equivalent to 20 nuclear power stations at full capacity without any radioactive waste left over. The Germans are getting rid of all nuclear plants after the Fukushima nuclear disaster last year. Instead, the entire country will be using greater renewable energy sources such as wind, solar and bio-mass.

Germany Hits Record In Solar Power With 50% Of Energy During Mid-Day Hours « JONATHAN TURLEY

 

[Missourian]

"According to Gulf Oil Magazine, Saudi Arabia produced 9.9 million bpd in May and would produce 10 million bpd in July, its highest production in 3 decades. The OPEC has been producing more than $31 million bpd, well above its current $30 million bpd OPEC oil output ceiling. With so much more oil pumped in the times when the supply already exceeds demand, oil prices are expected to plummet even further. A $10 decrease in the oil prices would improve the US GDP by 0.2 percentage points."

Saudi Arabia poised to be the oil Leader after the highest oil output by cutting down its crude prices relatively. | Industry Leaders Magazine

 

[OohPooPahDoo]

Philip Verleger, an economist and founder of PK Verleger LLC, said that gas prices could drop all the way down to $2.50 a gallon by November during a recent interview with Bloomberg TV.

Saying that Saudi Arabia has ample reason to “overproduce” more oil than the market needs, Verleger said a barrel of crude oil could fall to $40 a barrel — something the US hasn’t seen since 2008 — causing the TV anchor to do a double-take.

“There’s no such thing as fair value,” Verleger explained. “Prices will overshoot for every commodity; farmers have been talking about this for a hundred years.”

Economist: Gas Prices Could Dip Below $2.50 - Woodbury-Middlebury, CT Patch

Gas prices always drop right before a presidential election.

Always always.

 

[Two Thumbs]

Philip Verleger, an economist and founder of PK Verleger LLC, said that gas prices could drop all the way down to $2.50 a gallon by November during a recent interview with Bloomberg TV.

Saying that Saudi Arabia has ample reason to “overproduce” more oil than the market needs, Verleger said a barrel of crude oil could fall to $40 a barrel — something the US hasn’t seen since 2008 — causing the TV anchor to do a double-take.

“There’s no such thing as fair value,” Verleger explained. “Prices will overshoot for every commodity; farmers have been talking about this for a hundred years.”

Economist: Gas Prices Could Dip Below $2.50 - Woodbury-Middlebury, CT Patch

Well that's a great guess that I hope comes true.

Speculators are good guys when you think it helps the big 0

 

[Two Thumbs]

Philip Verleger, an economist and founder of PK Verleger LLC, said that gas prices could drop all the way down to $2.50 a gallon by November during a recent interview with Bloomberg TV.

Saying that Saudi Arabia has ample reason to “overproduce” more oil than the market needs, Verleger said a barrel of crude oil could fall to $40 a barrel — something the US hasn’t seen since 2008 — causing the TV anchor to do a double-take.

“There’s no such thing as fair value,” Verleger explained. “Prices will overshoot for every commodity; farmers have been talking about this for a hundred years.”

Economist: Gas Prices Could Dip Below $2.50 - Woodbury-Middlebury, CT Patch

Gas prices always drop right before a presidential election.

Always always.

It's only a coincidence, this time.

 

[Chris]

There will be nothing but bad news for Republicans between now and November.

All they have left are Rush, Fox, and their billionaires.

 

[tjvh]

There will be nothing but bad news for Republicans between now and November.

All they have left are Rush, Fox, and their billionaires.

When Obama loses, are you going to do anything really crazy?

 

[Avatar4321]

Good. If Obama had some good policies in place, we could see that alot sooner.

 

[The T]

There will be nothing but bad news for Republicans between now and November.

All they have left are Rush, Fox, and their billionaires.

Chrissy? Obama is having his ASS handed to him...

 

[mudwhistle]

The so called experts also said gas might hit five dollars a gallon a few months back.

It did hit $5 six months ago.

It hit $5.25 in some parts of California.

 

[Big Fitz]

There will be nothing but bad news for Republicans between now and November.

All they have left are Rush, Fox, and their billionaires.

There you have it! It's been declared! Go home everyone. Nothing more to see.

 

[Missourian]

There will be nothing but bad news for Republicans between now and November.

All they have left are Rush, Fox, and their billionaires.

When Obama loses, are you going to do anything really crazy?

He might wash his hand Obama anointed through contact in 2008.

Obviously if he loses, he is a false prophet.

 

[Avatar4321]

There will be nothing but bad news for Republicans between now and November.

All they have left are Rush, Fox, and their billionaires.

Doesnt matter if we have bad news everyday between now and November. The good news comes when in November, we vote Obama out.

BTW how did that Walker Recall Prediction go for you? Are you seriously going to try to claim you somehow know whats going to happen in November when you got last month so wrong?

PS - There are alot more Conservative media outlets than Fox and Rush.

 

[Missourian]

There will be nothing but bad news for Republicans between now and November.

All they have left are Rush, Fox, and their billionaires.

Doesnt matter if we have bad news everyday between now and November. The good news comes when in November, we vote Obama out.

BTW how did that Walker Recall Prediction go for you? Are you seriously going to try to claim you somehow know whats going to happen in November when you got last month so wrong?

PS - There are alot more Conservative media outlets than Fox and Rush.

Didn't you hear??? Rush, Fox News, the Billionaires, Walker and Romney are all going to be indicted next week!!!!

 

[Avatar4321]

There will be nothing but bad news for Republicans between now and November.

All they have left are Rush, Fox, and their billionaires.

Doesnt matter if we have bad news everyday between now and November. The good news comes when in November, we vote Obama out.

BTW how did that Walker Recall Prediction go for you? Are you seriously going to try to claim you somehow know whats going to happen in November when you got last month so wrong?

PS - There are alot more Conservative media outlets than Fox and Rush.

Didn't you hear??? Rush, Fox News, the Billionaires, Walker and Romney are all going to be indicted next week!!!!

Thankfully having a good politicial position isnt a crime yet.

 

[hjmick]

I'll believe it when I see it and when I see it I'll know that the President had nothing to do with it...

 

[OODA_Loop]

If Obama is bringing gas prices down then thanks be unto him.

Still not voting for him.