Cost of gas is going down because Saudi Arabia is actively squeezing Am. producers out of Central Plains w/ lower prices (gas prices, Iran)

[mm4]

Has nothing to do with unsigned Iran deal.

OPEC nations have refused to lower their output, in order to try to starve American production out of North Dakota and elsewhere. American and Canadian producers can't really compete on those prices. It's not quite equivalent to dumping, but its close. If North American producers capitulate there, watch oil prices rocket back to prior levels or higher.

Obamacare luxury health insurance policy mandate costs don't help.

[T-310]

Liberals are desperate to give Obama credit for something even if only temporary.

[Chuckity]

Speak for yourself.

My local gas prices spiked yesterday - from $2.30'ish to $2.65'ish today.

[phetaroi]

Big deal.

Our gas prices are falling

When the price of crude goes up -- and sooner or later it will -- our oil will still be here to pump and process.

[golimar]

Saudis want to crush Energy exploration in US since they want to keep US dependent on Saudi Oil.

They have also donated large sums to the Clintons, who will do their dirty work for them.

[mm4]

Originally Posted by phetaroi

Big deal.

Our gas prices are falling

When the price of crude goes up -- and sooner or later it will -- our oil will still be here to pump and process.

Not without capital.

[Jimbo302]

I thought this was well known info?

[mohawkx]

Originally Posted by mm4

Has nothing to do with unsigned Iran deal.

OPEC nations have refused to lower their output, in order to try to starve American production out of North Dakota and elsewhere. American and Canadian producers can't really compete on those prices. It's not quite equivalent to dumping, but its close. If North American producers capitulate there, watch oil prices rocket back to prior levels or higher.

Obamacare luxury health insurance policy mandate costs don't help.

Why those miserable bast****! How dare they sell gas cheaper and provide lower prices at the pump for all Americans?!
You'd think they were engaged in a capitalistic business or something and trying to preserve market share.

And YES! It's all because of Obamacare squeezing the nuts of North Dakota Frackers. It should be obvious to all. And Clinton!........Don't forget Clinton!..........Issa should subpeona all of Clinton's Union 76 credit cards..... there's gotta be a link.

You guy's never fail to provide my knuckle-headed chuckle with my morning coffee.

[froglipz]

Now would be the time to develop alternate energy! Oil is finite and WILL only become more and more expensive as it gets used up and becomes rarer. 2 dollar gasoline today will end up being $10 or more until alternative energy becomes more affordable.

[Know Nonsense]

When gas prices go down other commodities go down so it generally has no overall gain on the economy. It is good to see prices lower of course but that does not mean the big picture is prettier by any means.