Money Beat

Someone needs to start taking up a collection for Exxon-Mobil in these tough times.

We were out yesterday looking at fall colors and paid $2.10 per gallon, we were so excited LOL

Gas prices always fall before an election. Exxon knows what it is doing.

It took them forever to drop the prices which they RAISE overnight...Yeah...we know it...it's an election cycle ploy...after our attack on Syria...Bush II offically has 11 weeks to start WW III...will he or won't he?

How can this happen without drilling? How come we aren’t hearing from McCain and Palin (the so-called energy expert, LOL) yelling drill baby drill on the stump anymore? Hmmm, could it be we are consuming less oil? Could it be Obama's plan is the correct one after all?

1.97 in some places near me. That is freakin awesome. Dan: you are an idiot, Obama didnt even have an energy plan besides check your tire pressure. Anyway, drilling here is just a step to take us away from dependency on forgein oil. So no Obama's plan is not correct.

Fill up, it won't last long.

It's interesting that when fuels were going up--it was the end of the world. Now that fuel prices drop, no one cares (based even on the amount of comments) as long as they keep going down which is understandable except that instead of treating all this as a wake up call, people will probably get back to living on foreign oil without complaint or interest of getting our own resources together for the future when they could get $6 to $8 for a gallon of gas.

This is B.S. The hedgefunds and the big investment banks do not have the money to speculate on the oil futures contracts anymore. Hence, we see the prices come down to normal levels. I am sorry Dr. Von Hayek I am afraid John Maynard Keynes may have had some valid points after all. You cannot let capitalists loose in the hen house they are liable to bring the walls crashing down. Unfettered capitalism is one of the most destructive socio-political forces on earth. I say regulate the hell out of Wall Street!

LIFE - http://my.barackobama.com/page/content/newenergy - This plan has been on his web-site from the beginning. Before you call someone an idiot, maybe you should look things up because it makes you look very stupid when you don't.

Yes bring it up to $4.00 and then drop it to $2.00, price doubled but everyones in Utopia.

Works everytime.

This is awesome! Wichita has the cheapest gas prices in the country at $2.12 a gallon!!!

We can not become complacent. Alternative vehicles and fuels are the only true answer to the problem. Fuel prices can and WILL spike again. If GM had been investing on "quality" more efficient and innovative vehicles instead of shooting for the big short term profit with SUV's maybe thousands of GM workers would still have a job!

Time to get that 10 cylinder SUV now.

Lindsey Williams predicted this four months ago on Alex Jones radio show. Google it.

finally after weeks and weeks of good news, something finally goes our way. gas just dropped under 3 bucks in some parts of LA but ive heard that some places in missouri its dropped to under 2 bucks. any truth to that?

finally after weeks and weeks of good news, something finally goes our way. gas just dropped under 3 bucks in some parts of LA but ive heard that some places in missouri its dropped to under 2 bucks. any truth to that?
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oops my bad i meant to say bad news

Funny thing is that the gas lines of the 70's only scared GM and Ford enough to build the "Vega" and similar cars; cheesy little cheaply made cars. The Japanese made quality small cars like the Celica and cleaned up on the American market. Foreign markets continued to build quality small cars and American manufactures saw more money in the SUV’s and went right back to gas guzzlers. Maybe now America will get their innovative spirit and higher quality standards back on line.

It's $1.97 in Lawton, OK. There's lots of truth to it. The gasoline station on my street corner is $2.16 and falling like crazy.

I have to admit it's easy to become complacent again now that gasoline is somewhat more affordable. I still want alternative energy and as an engineering student I have the potential to develop it. I really hope everyone doesn't give up on the big push for energy independence now that energy is cheaper but unfortunately I foresee that happening.

Don't celebrate too soon folks. Gas prices aren't likely to stay low very long. When we pay low prices for gas, citizens of oil rich supplier nations tend to suffer. As long as the US is dependent on foreign oil - our gas prices are linked to stability in the middle east.

What's hard to believe is that people fall for this every election cycle. This country has such a short memory. Why doesn't ABC, or any other news source for that matter, research this fact? Let's see it ABC. Show us a history of gasoline price fluctuations before elections in the past 20 years or more.

I heard some analysts on cnbc this morning saying that oil could bottom out at 35 bucks but could drop as low as 20 dollars a barrel perhaps sometime next year.

drill baby drill.....Why? There is more oi than we can burn right now, the Saudi's are cutting production to rig the prices again but there is nothing but oil,it's everywhere, we can't burn it all.In Iraq alone there are over 30,000 capped wells from the '20s and 30s when England monopolized the region.They capped them and buried them but they are still there.

They capped them right before WWII in case the Germans invaded and occupied the area. Germany was very short on oil.

i think america has wised up to know that we cant keep on driving the same dirty noisy gas guzzling suvs big rigs and monster pick up trucks. should gas continue to drop back to where they were in the 90s it is still imperative to find alternative options for fuel because it will go up again eventually in the future.