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Could Gas Prices Drop To $2 a Gallon In 30 Days???

25 June, 2008 (16:04) | Big Oil, Care2, economy, gas prices, government, money, news, oil, opinion, politics, video | By: Catherine Morgan

Could Gas Prices Drop To $2 a Gallon In 30 Days???


Also See:

Close Loopholes For Speculators and Gas Prices Will Go Down

So…What do you think? It seems crazy to me, that speculators only have to put 5 to 7% down on these oil deals, when at least 50% is required for stock transactions. It’s no wonder this is happening, with such a small investment bringing in huge profits.

If speculators are stopped, could gas prices get back to $2.00 a gallon? Do we need to get the speculators out of the oil business? It seems to me it a great place to start.

Sign a petition to stop off-shore drilling.

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Comments

Comment from osagi
Time: March 19, 2009, 1:45 am

no wonder why demands on gas decreased… it’s all rooted from our economical issues.

Comment from mobitronia
Time: March 19, 2009, 1:49 am

that could be possible.. that won’t be impossible since today, gas prices has unexpectedly dropped off. we’re now facing serious difficulties when it comes to foreign oil demands.