So what happens when gas prices go back to 2.70 due to *'s 'skillled'

[Mayberry Machiavelli]

strategic release of the oil reserves?

In Sept/Oct?

Disgruntled Republicans go back to watching FAUX 24/7?

"We're sorry we ever doubted you, oh great oracle."

:shrug:

[Sinti]

1. This is my fear - they are being played like fiddles n/t

[MadHound]

2. LOL, like prices are going to go back down!

First off, we aren't even consuming that $75.00/bbl oil yet. Those numbers are futures prices friend, the price said barrel is going to cost us in about three weeks now. Thus when those prices are actually being paid, price per gallon will probably go up. The second thing to take into consideration is that we haven't even hit "peak driving season" yet, which starts on Memorial Day. Increased demand means another price increase.

Sorry friend, hate to be a pessimist, but I doubt that those prices are going to come down anytime soon, no matter what Bush does. I'm still betting that gas will hit $5.00/gal before the summer is through:shrug:

[Mayberry Machiavelli]

4. I'm SURE that invading Iran will cause EVERYTHING to 'sort itself out'.

:sarcasm:

[RufusEarl]

3. I don't look for Bu$h to do that!

We really do have a shortage of oil in the world "Peak Oil" And the admin will sit on the SOR, it'll be tempting but i don't even think they're that foolish.

Besides most citizens will be aware that it's a short term fix, if they released oil on the market from the SOR. So i don't look for them to try this, they may have something else up their sleeve. After all they are pretty well connected to big oil, so i've heard!

[Mayberry Machiavelli]

8. If they thought the strategic reserve 'trick' would keep their congress

majorities in the fall, and they thought they'd otherwise lose them, I don't think there's much of anything they wouldn't do. Long term is not the concern.

[underpants]

5. You do realize that $2.70 is now considered a "GOOD" price

nice how the oil industry can change the pricing floor on their own.

Think about it- $3 is now actually the norm in a way. $2.50 which caused great outrage what LAST YEAR? is now a great price.

W will take credit for the price going back down after the pockets are full from spring breaks and such. When the price gets jacked back up for the "Summer driving season" and everyone raises hell W will swoop back in and "jawbone" it back down. When the price get jacked back up for the "Christmas holiday season"...well the midterms will be over by then so expect the price to stay up there.

Either way this is more than just a trend. They know just as well as readers here do that this cash cow is finite, maybe not in their lifetime but it will be over in about 50 years. Gots to make that money while you can you know.

$3.00 will probably seem like a great price come next summer.

[donsu]

6. have you noticed that every time the prices go up and then back

down, the down isn't as low as it started from.

so if the prices go down this time it will be not the down it started from.

[TheFarseer]

7. Gee, as soon as he stops the "tax gouging" . . . . . . .

it'll be back to paying 88 cents for gas. Funny how "tax gouging" wasn't a problem back when gas was a dollar and taxes were a much larger percentage of the price you paid at the pump.