Why are gas prices going down?

[I'm seriously.]

The prices went down about 30 cents in one month here, why could that be? Is it the bailout or what?

 

[?i?my?bootsie?boo?boo?]

I think that is a great sign gas prices are going down so much.

 

[just plain jim]

The economy.

People and businesses are tightening their belts and cutting back on use, from turning down the thermostats to not making unneeded trips.

Thus the supply has gone up and the demand gone down which means a surplus and in order for the suppliers to get people to use their products they have no choice but to drop the price.

Basic economics 101

Peace
Jim

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[jon c]

the bailout does not have that much to do with it. The high prices were over inflated not they have to come down like the house prices did when that bubl burst.