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-   -   why gas prices drop? (https://www.ford-trucks.com/forums/766424-why-gas-prices-drop.html)

FordPickMeUp 08-12-2008 07:43 PM

why gas prices drop?
 
I was wondering why do you think the gas prices have droped?they were at a high of $4.38 a gallon here in ct where I am and now i see prices as low as $3.73 a gallon to $3.99 as the high.even though prices are still very high why do you think they droped so much?

sglaine 08-12-2008 08:05 PM

If they keep dropping I will be a happy man

BIGKEN 08-13-2008 08:22 AM

I think one of the major reasons that the price of crude/gas has dropped is because we have an election coming up!!! You will probably see the prices climb again after that!!!

sglaine 08-13-2008 08:29 AM


Originally Posted by BIGKEN (Post 6445059)
I think one of the major reasons that the price of crude/gas has dropped is because we have an election coming up!!! You will probably see the prices climb again after that!!!



Ken I would say that your 99.8% correct....:)

Surge08 08-13-2008 02:16 PM


Originally Posted by BIGKEN (Post 6445059)
I think one of the major reasons that the price of crude/gas has dropped is because we have an election coming up!!! You will probably see the prices climb again after that!!!

I would have to agree with Ken

c4barnes 08-15-2008 08:34 PM

Just like a lot of factors drove it up, so are a lot driving it down.

Oil prices hit 3-month low on stronger dollar - Oil & energy - MSNBC.com

BK, ye give our good gov't far too much credit. Someone would have to actually know what he was doing to accomplish that. Fact is the US doesn't have as big a hand in the global oil market as it once did, though we're still the biggest consumer.

boxcar1974 08-17-2008 06:34 AM

A world wide reduction in need, an increasing dollar, and economic slow down is Europe are the main reasons.

They are still $2 too high anyway.

Surge08 08-17-2008 11:29 AM


Originally Posted by boxcar1974 (Post 6456498)
A world wide reduction in need, an increasing dollar, and economic slow down is Europe are the main reasons.

They are still $2 too high anyway.

I would agree

FordPickMeUp 08-17-2008 12:40 PM

I would like to see gas prices drop to $2.00 a gallon but the election has nothing to do with it .The oil companys set the prices not the gov't.heres hoping for $2.00 a gallon hey i can dream.

boxcar1974 08-17-2008 05:06 PM

I see now the cash and credit prices are back at the pump. I pay with my debit card and it costs 10 cents more/gal.

sglaine 08-17-2008 05:56 PM


Originally Posted by boxcar1974 (Post 6457805)
I see now the cash and credit prices are back at the pump. I pay with my debit card and it costs 10 cents more/gal.



I was down at Ingleside Mall today and I noticed that gas was 10 cents cheaper for cash..and 15 cents cheaper then where I live

NewEnglandHerdsman 08-18-2008 01:11 PM

There was an interesting bit on the news (don't remember where) which stated that with retailers competing heavily with each other by chopping their profits down to a bare minimum, when you use a credit card the credit card company makes more on each gallon of gas than the retailer makes.

BIGKEN 08-18-2008 03:00 PM

I read the same thing...out here there are a few stations with two tiered pricing...a lower price for cash...reflecting the merchant fee charged by the credit card companies.

boxcar1974 08-18-2008 05:31 PM

MC and visa are about 2% of the sale. American express is 5% I believe.

sglaine 08-18-2008 05:37 PM


Originally Posted by BIGKEN (Post 6460105)
I read the same thing...out here there are a few stations with two tiered pricing...a lower price for cash...reflecting the merchant fee charged by the credit card companies.



Like Ken told me with my business discounts for cash Yes Yes......}>


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