Who's responsible for oil and gas prices going DOWN?

Everyone seemed to have their own pet ';target'; to blame when the prices shot through the roof and seemingly would never go down.





Now that oil is way down, and the prices at the pumps have started significantly to lower, who do we now hold responsible for them going DOWN?Who's responsible for oil and gas prices going DOWN?
Speculators - the same people who drove it up.


They are fearful the economies are crashing and believe demand will fall even more as business freezes up, so they are ditching oil and going for precious metals.Who's responsible for oil and gas prices going DOWN?
The oil companies are to blame for the prices going down just as they are to blame for them going up, people actually started to drive less so the oil companies dropped the price of oil, now that as many people have started driving again because prices are low, look for the oil companies to raise the price again.
Demand is down for multiple reasons: reduced driving (fewer trips, more carpooling and mass-transit), driving more fuel efficient vehicles, finding fuel options.





Lower demand with potential increase in supply coupled with the stock market decline (yes, oil is a traded commodity) and voila ... recipe for drastic fuel price decreases.
Well if you can't get a car loan or pay your car payment you don't need gas. If you don't have a job to go back and forth to anymore...If you are keeping money under your mattress that's fewer trips to the bank. But I have heard that Venezuela is producing more just to mess with us. I don't know if that is true.
There's a finance problem with stock markets so there's a slowing down of the industrial reproductions in particular of lorries and cars,buses (vehicles),so the price of petroleum is descreased in last weeks a half of it's value few months ago.


(Was U$D1.40 a barrel,now U$D 70 ca.)
The simple answer is the World Economy. The down turn in oil prices reflects the belief on the producers part that the world economy is headed down for a long, rocky road.
The People,





The said to Congress allow them to drill or get the FUC@ out, guess what oil leases opened up offshore, speculators panicked dumped oil futures and ..well here we are
A huge drop in demand and a rampant deflation of the economy. It's down but not for a good reason.
I鈥檓 not sure, but it seems its only going down in the swing states.
Me - but you may thank me later, Wyo....
We are ,supply and demand...Evie
Us for not driving as much. Less demand...lower prices.
Well since the republicans have blamed everything else on the ';democrat congress'; I guess Pelosi and the dems are to blame.
The collapse of the economy is responsible for the price of gas going down.