Friday, December 18, 2009

When the Govt. allowed an increase in gas prices it claimed a link between gas & oil prices to be the reason.?

Why is it not the case therefore that since oil has fallen to more or less its original price as in July 2008 have gas prices not gone down proportionally ????





When the Govt. allowed an increase in gas prices it claimed a link between gas %26amp; oil prices to be the reason.?
I'm assuming you are referring to gas as in the blue stuff that we use to cook with and heat our homes. I have had a leaflet from Scottish Power offering to 'fix for free' my new higher prices until May 2009, They cite 'the rising price of oil' as a reason I would want to do this but oil is down to $70/barrel, half what it was in July so I have decided not to fix them. I am hoping that once the reserves of gas purchased at the higher prices have been used up, the suppliers will be able to buy cheaper gas and pass on the savings. But we won't see a proportional reduction because the govt is too busy buying banks at the moment to worry about what prices gas suppliers are charging. When the Govt. allowed an increase in gas prices it claimed a link between gas %26amp; oil prices to be the reason.?
Gasoline prices have fallen.





gasoline is under $3.00 here.





In janurary 2007:





Oil was $46.00 a barrel


Gas was $2.12 a gallon





At the peak:





Oil went to $130 a barrel


Gas went to $4.05 a gallon





Interesting, oil increased 181%, but gas only increased 91%





Now Oil is down to $80 a barrel, and gas prices are down under $3.00
cause we got stupid *** mothers like you,





also you know your uncle sam like to penetrate no lube, ';boys';





i think you like it,





i have a solution for you





drive around with a WE GIVE *** FOR GAS bumper sticker on the back of your less Fuel efficient 2008 lemon, mr el lem-on and charge them a gallon an inch,





hope they are 12 footers

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