F... gas prices

Just read this on CNN (http://www.cnn.com/2008/WORLD/asiapcf/07/20/pollution.olympics.cars.ap/index.html).

With 3.3 million cars off the roads in Beijing, I wonder that if demand goes down will the cost of oil/barrell go down a little bit during that time as well?

Gas just dropped 8 cents at my local station over the weekend.

If Gas goes back to $2/gallon that will be a HUGE boost to the economy. I am not knowledgable concerning stocks and commodities. Is it possible that the parties mentioned above (hedge fund managers, investment banks, etc) artificially raised the market price through collusion? Would that be illegal if true?

If Gas goes back to $2/gallon that will be a HUGE boost to the economy. I am not knowledgable concerning stocks and commodities. Is it possible that the parties mentioned above (hedge fund managers, investment banks, etc) artificially raised the market price through collusion? Would that be illegal if true?

Not possible, and if it was YES it would be illegal!

Gas dropped 40 cents a gallon here in OKC. Its 3.57 now.

40 cents? Seriously? Right down the street from me, a gas station made all their gas for 2 hours (during rush hour.) Apparently, few people had seen 29 in Centreville that bad ever. Really screwed things up.

40 cents? Seriously? Right down the street from me, a gas station made all their gas for 2 hours (during rush hour.) Apparently, few people had seen 29 in Centreville that bad ever. Really screwed things up.

Yeah it blew my mind. Unfortunately I had just filled up two days prior for 3.98.

The amount of gas people must have wasted idling I bet was insane.

btw, cnn had a thing today about people converting their gas cars to electric (off the shelf modifications)... putting something like 23 car batteries in the truck and being able to drive for 1.3 cents per mile...

not eco-friendly (as i've already mentioned) but cheap enough to be worthwhile maybe?

Gas dropped 8 cents at my local Wawa, it's now down to 3.91 a gallon. And Daseal, what do you mean they made all their gas during rush hour? I was watching the news last week and it said from 6-9 in the morning a gas station was selling gas for 2.50 a gallon, is that what you were talking about? The Fox chopper showed the line and it was absolutely insane, like it circled the gas station and went around the block and all the way around a dead end and cops were directing it.