Has demand for gas decreased dramatically, or are the oil cos. lowering prices to help the Republicans?

Isn't it interesting how the prices have dropped? And isn't also interesting that when price per barrel rises we see increases the next day at the pumps, but when price per barrel goes down the decreases are very slow.





But I'm sure oil companies don't manipulate prices...right?Has demand for gas decreased dramatically, or are the oil cos. lowering prices to help the Republicans?
It's because of Wall Street, decrease in demand and hesitancy on behalf of the speculators. Yes, when the price of oil rises you see the increase at the pumps immediately because they work on low profit margins called volume, meaning that when they refill their own tanks, it's going to cost more and sometimes more than what they're taking in.





This is world wide btw, not just here in the USA. I would imagine that Russia must be freaking since their entire economy depends on the price of oil.Has demand for gas decreased dramatically, or are the oil cos. lowering prices to help the Republicans?
It was said MANY months ago that the Oil future traders would reach top earnings on per barrel increases and then would go for the down side..Or start selling short. It was predicted to happen in October.





As much or more will be made in the futures market on the down side as was made on the up side.





To put it simple and make it easy for some to understand. Future traders are the ones who manipulate the price of Oil up and down not the Oil Companies.
That's not due to helping republicans get into office. That is more because of the whole banking fallout that basically destabilized almost the entire world economy. So the banking fallout has hurt McCain and helped him a little. Hurt by the hundreds of billions of dollars Bush is asking for, but helped by the lower gas prices as a result of speculators thinking oil demand will go down due to bad economies around the globe as a result.
I think they manipulate prices if they consider it in their best interests to do so. However, I think you are off base here. A depression would cause much reduced industrial demand for oil, and to the extent it actually impacted our military excursions overseas, could dramatically lessen our demand for oil.





So prices drop.





It isn't necessarily a good sign, this time.
demand has decreased, the fall season is coming and prices always fall this time of year, plus its an election year.





Both parties have friends in the oil business, you're naive if you think its just the Repubs.





Obama in 2008
the article below makes a go at it... i particularly like the part about, ';pressured by a huge jump in U.S. crude inventories';.


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don't fret, though! i heard this morning that the beloved opec may cut supply... gotta love 'em!
Decreased demand and a poor economic outlook (can you say, ';A Deep Recession is Coming';?) means that hedge funds are dumping commodity futures.
Demand has fallen because the cons collapsed our economy.