falling gas prices

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Conservatives, Patriots & Huskies return to glory
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found it rather interesting that gas prices have been falling significantly in recent months, didn't give it too much thought as to why, but there was nothing real obvious to me as to why. What has been changing?

Wednesday morning I began to wonder if speculators were pulling back because it was becoming obvious the GOP was going to control both congressional chambers. And with that control, it becomes much more likely that the Keystone Pipeline will be built and obstacles to developing conventional energy sources will have been mitigated.

Certainly is plausible, and probably has some roll in it all since speculation is an important variable.

Hope that trend continues for so many reasons, primarily because Obama's espousing and delivering of higher energy costs is one of the primary reasons for Obama's economic malaise.
 

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Willie, from what I understand the recent shale and fracking boom taking place in the Dakotas, Texas and Louisiana have contributed to the supply side of the equation being increased...meanwhile demand stays low.

The Saudis have been feeling the faucet turned down as well, so their demand has gone down. It is a racket all around...just another hidden tax.
 

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Because we are producing more then ever before. Supply and demand.
Output is at a 30 year high.
We are about to be a seller of oil instead of an importer.
 

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It's because of supply and demand, not because of any politician. Not only are we producing more, but we're also using less.
 

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It's because of supply and demand, not because of any politician. Not only are we producing more, but we're also using less.


but a politician can impact supply by opposing pipelines and drilling and clean coal and anything but solar and wind
 

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OK, did some reading myself

increase supply from fracturing
Libya still supplying, speculation was they would have problems
Saudi's dumping
stronger dollar
weak Europe
Americans being cautious
no storms in the Gulf of Mexico
 

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