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GAS: Prices drop after investigation threat

Letter by Donna Prewitt, University Place on June 12, 2012 at 2:35 pm with 23 Comments »
June 12, 2012 2:35 pm

I don’t think it’s a coincidence that fuel prices have now come down significantly after some politicians suggested that an investigation is necessary to decide why we are paying so much for fuel out here.

Does the response to the threat show that an investigation was in order?

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Leave a comment Comments → 23
  1. menopaws says:

    You know, my husband and I were both wondering the same thing—it does seem interesting that those prices are now falling………

  2. charliebucket says:

    I thought it also very very very interesting that in the summer of 2008 prices were $4 a gallon and by the election in November they were down to $2 a gallon….hmmmmmm sky high prices during the summer of 2008, then right before the fall election prices dropped dramatically.

    hmmm…… sky high prices now heading into the summer of 2012………

    …………………………………………………..

    Makes ya wonder, doesn’t it?

  3. well, the bush family was oil money. obama? not so much.

  4. besides, this is just a distraction. our local prices have been inflated compared to the rest of the country because of certain procedural actions taken by big oil (they shut down the west coast refineries for maintenance at the same time).

    The bigger issue is the effect of speculation on the price of oil, and the issue of oil prices being subject to stock market girations.

  5. concernedtacoma7 says:

    A bunch of world class economists and conspiracy theorists posting here.

    Oil is at an eight month low. Dollar is strengthened due to the euro imploding. Supplies in the NW stabilized after refineries went down.

    But let’s blame Bush. Lib 101.

  6. LeePHill says:

    The gas prices dropped because Obama is president, profits are up on Wall Street, private companies are making more money than ever before and are not having to hire anyone because no one is buying anything in the middle class.

  7. averageJoseph says:

    What’s that saying about correlation and causation?

  8. Rational says:

    What the hell is so surprising here? Your Representatives and Senators have sold your vote out to all the corporations that have paid them for their allegiance, so….why are you still planning to vote. You’re fools.

  9. aislander says:

    This is SO stupid…and SO predictable. It happens every time there is a spike in gas prices, and there actually have been investigations, none of which have ever found any wrongdoing.

    Does no one possess a better memory than a goldfish?

  10. Rational, your solution to your conspiracy theory is… not yo vote? And anyone who does is a fool?

    Since when are chronic cynicism, paranoia, and apathy considered “rational” thought and action?

  11. Ya we shut the barn door, but not before the cows were lost.

    …and the oil industry execs high five each other for yet another successful round of windfall profits.

  12. cylhentz says:

    Thank goodness prices are falling. I can keep driving my old, American iron and not have to buy a Prius.

    It would be nice if our leaders recognized that stockpiling a resource against the rest of the world that will be largely obsolete before we ever tap into it is counterproductive.

    Let’s start producing domestically more and lower the price of gas to under $2 per gallon. People will travel more, commute more, etc… all of which is good for the nation’s economy.

    I have chosen, personally, not to go visit family, not to take road trips, and not to plan any family vacations because the cost to get there, whether driving or flying, etc. leaves such little margin to actually spend on the vacation itself.

    Wake up, D.C.

  13. Check out the Gas Price Heat Map: http://www.tacomagasprices.com/Price_By_County.aspx.

    Zoom in on any one of the darkest green areas. Some prices are below $3.00. I know that we pay a higher tax, but not $1+ per gal.

    An independent investigation is not only called for, it’s necessary.

  14. LeePHill says:

    I sure glad no one is blaming Obama for gas prices

  15. Obama is only to blame when prices go up

  16. alindasue says:

    Bandito,

    I looked at the price index map and the further west we look, the more orange and red (higher prices) there was until the west coast is states are entirely red. I can understand California and Washington, both famous for their gas taxes, but Oregon is nearly entirely red too.

    It does make one wonder…

  17. “his is SO stupid…and SO predictable. It happens every time there is a spike in gas prices”

    Yep a*******r, everytime there is a spike in prices you cons blame everyone but the guilty….wall street and the owners of the GOP, the oil companys.

  18. “Let’s start producing domestically more and lower the price of gas to under $2 per gallon. People will travel more, commute more, etc… all of which is good for the nation’s economy.”

    Interesting, a call for nationalizing the oil companys.

  19. Pay no attention to the man behind the curtain…the enemy is homosexual agenda, not the masters of the universe manipulating every drop of money out of you. Oh, and the poor, watch out for them. Capitalism is GOOD for you, smile and wave as you go down.

  20. aislander says:

    Sigh. I hate people who cherry-pick quotations, respond to what they want to take out of context, and then preen like peacocks overdosed on testosterone…

    There have been several FTC and congressional investigations of price fluctuations in gasoline.

    NONE OF THEM FOUND ANY WRONGDOING!

  21. concernedtacoma7 says:

    The leftists are always looking for a capitalist boogieman to blame something on.

    The comments here tell the tale of a larger problem, people thinking more intervention will help Americans. The opposite is true, shown time and again.

  22. The Gas Price Map is easily explainable by proximity to Gulf-based refineries and access routes (though the fact that Texans pay more than Lousiana seems odd).

    Funny that the “defenders of Capitalism” are so willing to overlook some of the really basic realities of capitalist pricing based upon costs incurred for transportation of a product in order to blame government and taxation for the regional differences in pricing.

  23. aren’t the conservatives blaming the price of gasoline on Obama?

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