Glad to see, but......

[wtnhunt]

Had seen reports back when gas was climbing towards $4 mark that over this summer we would see gas continue to climb and reach upwards towards $5 and possibly go even higher than that. Gas prices been falling the past 2 weeks or so and that is great, but why now and how is the price falling with what typically is the season for rising prices(summer conversions). I figured we would see prices fall later on in the year as we got closer to election time.

Sure Obama will claim credit for the falling prices, although he has on so many occasions in the past while people have complained about the rising prices said that the high prices were not his fault.

[MUDRUNNER]

It hasn't really gone down down here much. It's been holding around $3.80 a gallon for a month or two now. It's still too much though. I think the "powers that be" finally realized that this economy cannot handle $5 a gallon gas. I think prices will fall slightly as the election gets closer, but not enough to swing too many more votes Obama's way. I do agree with you...somewhere along the line Obama will take credit for the lower prices even though he hasn't done squat.

[wtnhunt]

We were up to as high as $3.98 around here for the cheapest gas, down now to $3.31 today, down from $3.34 yesterday. That is a 67 cent drop. Pretty significant.

I don't think Obama and his energy secretary care if consumers can afford $5 a gallon gas, but he certainly wants another term. People need to remember leading up to the 2008 election both Obama and Stephen Chu said they wanted to see escalated gas prices to force consumers to seek green alternatives. Hope that voters will be reminded that Obama said he wanted to see gas over $10 a gallon, if he gets another term that could become a reality.

[stevebeilgard]

the reason gas is coming down a bit is that people aren't driving as much. with current prices, even the lower prices we're seeing right now, people just can't afford to trave. this summer, you'll see people taking their vacitions at home or very close to home. while that's not a bad thing in general, our motel industry and travel industry in general is hurting pretty bad. our country is in sad shape, and may well fall. treasure what we had, and work towards getting it back. but, if spending continues at it current rate, we'll fail within 2 years and be like greece.

while washington wants us to be socialist, proof is that no socialist goverment has ever succeeded. so, again, if we keep going america is as lost as any socialist country.

[m gardner]

the reason gas is coming down a bit is that people aren't driving as much. with current prices, even the lower prices we're seeing right now, people just can't afford to trave. this summer, you'll see people taking their vacitions at home or very close to home. while that's not a bad thing in general, our motel industry and travel industry in general is hurting pretty bad. our country is in sad shape, and may well fall. treasure what we had, and work towards getting it back. but, if spending continues at it current rate, we'll fail within 2 years and be like greece.

I hate to say it but I believe we have already failed. The current borrowing and spending of record amounts to keep our country going is just barely able to cover up that fact. Wonder why there are many "lagging indicators" of a recovery? The Baltic Dry Index is one of the better indicators of economic health and was in freefall a few months ago but with no accompanying fall in our stock market like last time in 2008. It's all being done with smoke and mirrors friends.

[stevebeilgard]

i agree about the smoke & mirrors. but, with greece down and the rest of europe to follow, our dollar and stock market will freefall. i predicted this 2 years ago. i fully expect a money downgrade here (again) this summer, with high inflation and interest to follow. any money in stocks will be worth about 50% less or more. as a former stock broker, i have less than $20 in stock today. just right, imo.

[redkneck]

Prices have fallen sharply here in the 3.30's or even less now. I think it's because our ball season wraps up tomorrow and the market knows I won't be driving so much.