Do you think this will lower the price of gas?

[tirebird]

The long awaited survey of arctic oil and natural gas reserves was released today. Here's the link to the U.S.G.S. news release with a link to even more details.
http://www.usgs.gov/newsroom/article...;from=rss_home

[kwhizz]

John...........Didn't you see where our "Elected" Officials said that Drilling for more Oil won't make any Difference LOL.............Seems like the "Only" Place where the Laws of "Supply" and "Demand" doesn't seem to make any difference is with them........But.....Again.......They are much "Smarter" than we are.......Aren't they????

Ken

[Mr70]

Ever notice when the price of gas goes up overnight on the world market,we see an immediate increase at the pump the next day..But when the price of gas goes down overnight,they say we won't begin to feel that decrease at the pump for months..

[427TJ]

Saw an article online today (analyst prediciton stuff) that said that gas could be down to $3.50 by labor day.

Found it: http://cbs2chicago.com/local/gas.pri....2.778351.html

I'll believe it when I see it, of course.

[tirebird]

Me too, 427,....out here in the people's republic of California, with boutique blends of gasoline designed to meet different emission standards for different parts of the state, I'd be happy with $4/gallon by Labor Day.

[69 Post Sedan]

[ QUOTE ]
Me too, 427,....out here in the people's republic of California, with boutique blends of gasoline designed to meet different emission standards for different parts of the state, I'd be happy with $4/gallon by Labor Day.

[/ QUOTE ]

Wow, I don't feel too bad if someone is hoping for $4.00 by Labor Day. I just saw $3.98 a gallon today.