Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

Demeter

(85,373 posts)
55. As Gas Prices Fall, a Sigh of Relief
Thu May 10, 2012, 10:16 AM
May 2012
http://online.wsj.com/article/SB10001424052702303630404577390502832273754.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Gasoline prices fell for the fifth consecutive week, extending a sharp decline that has eased fears that prices would soon top $4 a gallon at the pump. The average price of regular gasoline dropped to $3.790 a gallon as of Monday, the U.S. Energy Information Administration said, down 3.8% from the 2012 peak of $3.941 reached April 2.

Many of the forces that drove gasoline up are reversing, and that is helping bring prices back down, though they still remain near record highs. Tensions over Iran's nuclear program have eased, while softening economies in the U.S. and Europe have curbed demand. At the same time, some refineries pegged for closure are coming back online, and bottlenecks in the supply of crude oil are becoming unclogged.

The changes have led analysts to temper their price predictions for the summer driving season. A few months ago, some were saying pump prices could shoot above $4 a gallon and even reach $5 by the summer, but now they say that is highly unlikely....

IT WAS ALWAYS HIGHLY UNLIKELY...
sorry I'm late Tansy_Gold May 2012 #1
Just relax and watch natures fireworks. Fuddnik May 2012 #2
Waiting for that cartoon was well worth it. Warpy May 2012 #5
Personally, I'm not impressed Demeter May 2012 #17
Nor am I ... like Cuomo in NY, it doesn't cost him anything for the potential gains bread_and_roses May 2012 #36
You put that so much better than I ever could Demeter May 2012 #38
And you put THAT far better than I could Tansy_Gold May 2012 #51
I remember the late great Ann Richards once saying....... AnneD May 2012 #57
I'm in mind of Alice's White Knight in "Through the Looking Glass" Demeter May 2012 #59
Yes. Tansy_Gold May 2012 #63
Musical Interlude hamerfan May 2012 #69
Oh, SHIT! I love that! Tansy_Gold May 2012 #72
off to the greatest TalkingDog May 2012 #3
Spanish government rescues fourth largest lender, Bankia Eugene May 2012 #4
Nationalize them, go through all the books with a fine toothed comb Warpy May 2012 #6
Yep. We could try that here, too ... (n/t) bread_and_roses May 2012 #37
(Chinese) ICBC gets approval to take over US bank kickysnana May 2012 #7
Will Marriage Become a Thing of the Past for All But the Wealthy? Demeter May 2012 #8
Back to the Middle Ages! or ... forward to a healthier "family?" bread_and_roses May 2012 #45
You Are Talking "Gate to Women's Country" Demeter May 2012 #47
Not exactly - perhaps more influenced by French, "War Against Women." bread_and_roses May 2012 #53
The "Authoritarisanism" is Far More "Authoritative", and there is a difference Demeter May 2012 #58
All I know is: Half of all marriages end in divorce, . . . and the other half end in death. tclambert May 2012 #70
touche! TalkingDog May 2012 #71
European People Have Rejected Austerity Madness: Will the U.S. Get the Message? By Marshall Auerback Demeter May 2012 #9
"Waiting for Copernicus: On the Slow-Death of Neoliberalism" bread_and_roses May 2012 #46
(You have to get on the right distribution lists) Demeter May 2012 #49
Corporate Profits Hit New Records: Still Hoarding Gobs of Cash, Still Barely Hiring Demeter May 2012 #10
The New Wall Street Racket Looting Your City, One Block at a Time Demeter May 2012 #11
Chomsky: Do We Have the Makings of a Real Revolution? Demeter May 2012 #12
"...just a step before taking over the factory." Tansy_Gold May 2012 #13
I would not characterize it as hopeless ...... AnneD May 2012 #64
Postal Service: Will keep rural post offices open Demeter May 2012 #14
Indian Court Blocks Exxon Valdez From Entering Scrap Yard Demeter May 2012 #15
Spain set to take big stake in Bankia Demeter May 2012 #16
Vermont poised to be first state to outlaw fracking Demeter May 2012 #18
Austerity Can't Be Just for Regular People MATT TAIBBI Demeter May 2012 #19
Austerity, the Euro Crisis and the US Demeter May 2012 #20
How Europe's Austerity Backlash Might Change U.S. Politics Demeter May 2012 #22
The percentage of people that actually realize Po_d Mainiac May 2012 #29
Captured? Demeter May 2012 #34
You don't 'kill' those captured Po_d Mainiac May 2012 #42
There's no ransom going to be paid, though Demeter May 2012 #50
What's the 'Headline' on the front page of your local newspaper? Po_d Mainiac May 2012 #52
We don't HAVE a local newspaper Demeter May 2012 #60
Why Are Student Loan Interest Rates Set to Double? Thank These Lobbyists Who Helped Kill the Bill Demeter May 2012 #21
Trade Alert! Is Another Job-Killing Trade Agreement Heading Our Way? By Dave Johnson Demeter May 2012 #23
Bundesbank signals softening on inflation Demeter May 2012 #24
Chevron and Shell to win Ukraine gas deals Demeter May 2012 #25
China surplus jumps on weak imports Demeter May 2012 #26
Stephen King - Ghosts from the 1930s have returned to haunt us Demeter May 2012 #27
King should write a new version of "It Can't Happen Here." n/t Tansy_Gold May 2012 #28
The Haves always want to blame/repress the Have Nots Roland99 May 2012 #35
after a day of thunderstorms yesterday - in more ways than 1 - it's lovely today xchrom May 2012 #30
China's exports and imports see slower growth xchrom May 2012 #31
Bank of France predicts zero growth for first half xchrom May 2012 #32
Today's Reports (a slew of them...jobless claims, import prices, trade gap) Roland99 May 2012 #33
Thanks, Roland Demeter May 2012 #39
.... Roland99 May 2012 #43
New Emails Reveal Banks' Pre-Recession Arrogance, But Admin Fails at Prosecuting Financial Misdeeds Demeter May 2012 #40
Noam Chomsky on America's Economic Suicide INTERVIEW Demeter May 2012 #41
A Question of Timing: What America Can Learn From the Revolt in Europe By Robert Reich Demeter May 2012 #44
Trade Gap in U.S. Widens More Than Forecast as Imports Jump xchrom May 2012 #48
Michael Hudson: Firing Alan Greenspan DemReadingDU May 2012 #54
+99%! Demeter May 2012 #56
As Gas Prices Fall, a Sigh of Relief Demeter May 2012 #55
"bottlenecks in the supply of crude oil are becoming unclogged" Roland99 May 2012 #66
Gotta Go Demeter May 2012 #61
The London Olympics Are Looking Like A Financial And Organizational Disaster xchrom May 2012 #62
Waiting for Copernicus By John Feffer xchrom May 2012 #65
Anti-Bailout Coalition Soars In Popularity Ahead Of Second Greek Election Roland99 May 2012 #67
As New Greek Bonds Tumble To All Time Lows, Is Greece About To Re-Default In 5 Days? Roland99 May 2012 #68
JPM Crashing After It Convenes Emergency Call To Advise Of "Significant Mark-To-Market" Losses DemReadingDU May 2012 #73
WTF is a "synthetic credit portfolio"??? Tansy_Gold May 2012 #74
Fake! DemReadingDU May 2012 #75
Karl Denninger: Now They're F*d (JPM And Probably Others) DemReadingDU May 2012 #76
Latest Discussions»Issue Forums»Economy»STOCK MARKET WATCH -- Thu...»Reply #55