Price of gas going down substantially because of Iran deal!

[Jimbo302]

I wouldnt bet on huge savings due to that alone. The price per gal at the pump vs wti trade value per bbl, are and have been greatly disconnected for some time.
Also the state of our energy economy is a net loss for this country and a possible precursor to a worsening recession to come.

[pghquest]

Originally Posted by jm31828

I keep hearing that prices are going to drop and drop a lot this summer, but so far all I've seen here is prices going UP. I don't get it- oil was below $50 back in the winter and that brought gas down to $2 per gallon here. Now when oil is that low, we can't get our gas below THREE dollars per gallon. Most stations around here are around $3.25.

$2.19 here in Ohio

[Ralph_Kirk]

The price has dropped 30 cents in the Dallas area over the last three weeks.

All of these changes are predominantly regional and seasonal. While a deal in the Middle East could be expected to reduce tensions, and that ought to decrease the jitters that would otherwise increase oil price speculation, that would be overcome by the effects of region and season on the price of gas at the pumps.