DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Oil and gasoline prices falling today due to SPR decision

**bitymnmictada** · 06-23-2011, 06:23 PM

As I type this morning, crude is down 5.5% to $90.39/barrel and RBOB wholesale gasoline is at $2.81/gallon. A decision has been made to increase the supply of US oil on the market even as demand is down. Interesting political calculations at work here.

Strategic Petroleum Reserve Being Tapped To Offset Lost Crude : The Two-Way : NPR

What, increasing supply lowers price? Who'd have thought? Of course good luck getting this to last long enough to really matter by election time.

06-23-2011, 06:23 PM	#12
bitymnmictada Join Date Oct 2005 Posts 479 Senior Member	As I type this morning, crude is down 5.5% to $90.39/barrel and RBOB wholesale gasoline is at $2.81/gallon. A decision has been made to increase the supply of US oil on the market even as demand is down. Interesting political calculations at work here. Strategic Petroleum Reserve Being Tapped To Offset Lost Crude : The Two-Way : NPR What, increasing supply lowers price? Who'd have thought? Of course good luck getting this to last long enough to really matter by election time.
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