Originally Posted by LuckyRanger13
I'm wondering what's the catch? This just don't haul off and happen for any reason. Somethings up. I'm expecting an increase in gas tax...... :(
Not to be political, but you might be onto something.
With the way the ' economy ' has been, revenue generation for last ditch profit racketing needs to happen. If Someone predicted 4$ gas prices again, there would be Nay-sayers BUT a LOT of people would instantly have fear once again as we all know such IS capable of happening ( as it did this past summer ).
The switchover to winter heating fuels is where the new ' profits ' will be made. In spring, when less heating fuels are used, gas prices will go up once again. Consumption for regular gasoline right now is ' down ' as a LOT of people shed their larger cars/trucks and went to eco-boxes in the last 4-6 months. This constitutes SOME of the price drop ( less demand ) but not all of it.
Speculators have been driven away from a lot of the fossil fuel markets. While we all look at gasoline, has anyone looked at coal? Solar? Hydrogen? When one form of fuel drops, competing fuels also need to drop in order to maintain their market shares as well. Coal is down in price per ton as well.