Why oil and gasoline prices could plunge <Click

A prominent investor explains why oil prices are inflated.

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I hope the above is true & that gas prices go down for those that love performance & performance Mod's.
Let us pray/hope it happens....

Post your thoughts

 

I hope they go down. I'm paying $4.25 per gallon for regular.

 

Oil prices in the US may drop but gasoline prices will not drop much since we can export gasoline but not crude oil. Refineries will be able to make huge profits. If we allow crude oil exports then the markets will normalize at lower prices for gasoline since refiners will not be able to maintain large margins.

 

That's crazy, we pay like $4.10 for 93 octane here.

 

Paying 3.45 here in Kansas.

 

Mamonte you from san Jose me to lived off Alum Rock. moved to Kansas miss SJ

 

Just filled up at the 76 near the workplace - $4.09

Did you read about the scheme to tax California drivers by miles driven? A nickle a mile

 

Taxing by the mile? I'd be moving oh so fast. That's stupid. And i doubt gas prices will go down, as if the oil companies will put up with making less money... Greedy, well you know.

 

I am paying around 3.90 here in Pittsburgh. It does need to go down like right now.

 

Funny part is, the government is the biggest profiter off the sale of gasoline. 17 cents a gallon goes to Uncle Sam, and most states take in excess of 20 cents per gallon.

I'm paying 3.40 here in Oklahoma, but that's for 100% gasoline. It's dropped below 3.20 for the 10% ethanol mix.