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what happened to gas prices? They were about $4 a couple of months ago, and now It's about $1.50? Answered

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lemonieBest Answer (author)2009-02-10

World markets. As the global recession kicks-in demand for oil drops and with it the value. Until producers reduce output they'll find it hard to get a good price. Of course it generally requires a Cartel decision, because any producer reducing output is reducing their potential earnings, there's a "you first" or "all together" aspect. (complex global economic stuff) L

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landmanhall (author)2009-02-10

Dont worry, now that the major oil companys know we will pay for it, it will go up again.

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seandogue (author)landmanhall2009-08-13

Lol, major oil companies? it's not the companies, it's the wall-street investors...Blame goes to the wrong parties, just the way NY's wall-street crook want it...aye?

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seandogue (author)2009-08-08

The elite realized that they were looking at potential civil war, in which they would finally pay for the their greed... Mollify the masses with a "price break" after the gouge.

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Plasmana (author)2009-02-11

I don't know what is going on but I heard the gas prices WILL go back up again.

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Hellchild (author)Plasmana2009-02-11