Quote:
Originally Posted by THEINCREDIBLEdork
Gas Prices have been free-falling, I'm paying about 2/3rds less than I was just two months ago at the pump. Have prices ever dropped this much proportionally in history? I can't find any news articles that say what is causing this.
Any "experts" out there want to explain to me why?
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I am no expert, however it appears to be a mix of 12 months of over speculation followed by a reduction in consumption here in the US, and China's consumption not continuing to grow at a crazy rate.
I don't hate on the arabs for cutting production to raise prices, its a free market...they can try to use supply side econ to force the price higher, we will pay it or change to a different fuel source. When we get tired of paying so much for gas some entrepreneur will step in and make a buck with some new way of getting around.
I am all about voting with my dollars, Dont like $4 a gallon? get an electric car