Down to $2.67/gal for the cheap stuff. What a deal.

$2.87 in Park City. Haven't checked here yet

a $1.95 here some places a little cheaper

AU$1.06.5/litre for Unleaded and stalled...been sitting there for ages now

Kansas City 2.02 Sunday For Reg. Unleaded

I saw a Prediction It Could Drop Another 23 Cents By Mid Oct.

And I make a prediction it wil be UP by at least $1.25/gal. by the end of election month, I mean November. :rofl:

Interesting.

I recall reading that the consumers were being prepared/conditioned for $4/gal.

I also recall reading that the recent price drop was due to the September elections. One might wonder how the recent drop in price in Australia might be associated with the September primary elections in the U.S., but that is a separate subject.

I read now that the price will go up by some amount by the end of November. Would that be up from the high prices in May & June (which coincide with the first theory), the prices at the time of the primary elections (second theory), the current prices, or the prices of just before the November general elections? Will there be any impact on the Australian prices?

I wonder if there is no correlation between the price of petrol/gasoline and American elections.

Or because of Thanksgiving travel?

Lilith,

Do you think that the increased travel associated with the Thanksgiving holiday might increase demand, with the associated price increase?

Supply and demand, jseal.

It's related to the concept of shooting fish in a barrel.

Oldfart,

Are you suggesting that there is a relationship between supply and demand?

Theoretically only, jseal.

I wonder what could be used to identify which theories correspond to reality and which ones do not?

When water is power and profiteering, does it matter if the glass is half full or half empty?

Profiteering? Can this be substantiated? How does a reduction in price equate to profiteering?