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The Risks of Falling Gas Prices

post #1 of 6
Thread Starter 
Smart investors know all about the "suckers' rally"--a temporary pause in a downward trend that amateurs mistake as a turnaround. Motorists might have to get used to the phenomenon, too.

story
post #2 of 6

Re: The Risks of Falling Gas Prices

Prices reflect demand, we have to rmember that. Also, no new refineries have been built in the past 30 years, the current ones have just increased their output. The large one that was left a shell after Katrina started production again last month, I believe, and is projected to be back up to 250,000 barrels a day by the end of next year.

We need to keep reacting as though gas prices can revert at any time now, and the prices *should* stay down. No promises though...
post #3 of 6

Re: The Risks of Falling Gas Prices

I gotta tell you I'm all for lower prices. The highest ours went was 4.05 but they really tried to keep it at 3.99. Right now it is 3.79 which is knocking 10 or more dollars off of MY gas bill. Den's gas bill is out of this world and is over 100.00 a week.

I know it will probably go back up. That is just the way the economy is right now.
post #4 of 6

Re: The Risks of Falling Gas Prices

i'm definitely hoping that the price will keep going down....we were at $4.09 or something close to that for our peak... right now we're at $3.85. I know that there are no guarantees when it comes to the price of gas
post #5 of 6

Re: The Risks of Falling Gas Prices

The gas prices are killing us!
post #6 of 6

Re: The Risks of Falling Gas Prices

Us, too, Lori. We already drive a fuel efficent (for an SUV) car. We don't drive much and still we have a huge (compared to the past) fuel bill. I hope prices continue to decrease, but I think they are destined to increase. We are planning like they will increase dramatically again.

Gas got up to $4.11-$4.15 here. It's $3.89 now.
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