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Gas Prices December 25th 2008...... $1.68 avg

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rsmith6621 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 03:22 PM
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Gas Prices December 25th 2008...... $1.68 avg


....Price of a barrel of oil.... $37.71. http://www.nyse.tv/crude-oil-price-history.htm
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demosincebirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 03:32 PM
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1. Hard to believe that I was paying $1.68 for a gallon of gas three years ago. nt..
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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 03:39 PM
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2. worst recession in 70 years
so if global demand for oil drops again due to a resumption of the world wide Great Recession, oil will track back to these levels. Is that what we want?
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pwb Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 03:58 PM
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3. And two months before that the price was $4.07
Why would you pick that date out as a reference. Check this chart for the price in 2008.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPM0U_PTE_NUS_DPG&f=W
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Joe the Revelator Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 04:02 PM
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6. That's the part the republicans and the folks who parrot their talking points leave out.
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WI_DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 03:59 PM
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4. another issue the GOP will use against Obama--gas prices doubling.
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Terry in Austin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 04:00 PM
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5. The bumpy plateau
We can expect oil prices to go through several extreme swings before oil production levels start a permanent descent and prices trend more steadily upward.

Demand for oil is very inelastic and will increasingly outstrip supply, leaving only high prices to accomplish the necessary demand destruction.
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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-19-11 04:07 PM
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7. During a NEGATIVE 8.9% contraction in GDP? Are you daft?
Crude oil $147/bbl in July 2008 and is now $84/bbl!

How is that?
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