OT: If usage is going down, why aren't gas prices?

According to the US Commerce Department site gas consumption is UP nearly 2% since the first of the year, over the same period in 2006, not down.

mike

"n5hsr" wrote in news:frqdnaBvZKkfCM3bnZ2dnUVZ snipped-for-privacy@comcast.com:

There isn't. Unless you count geo-political instability, and environut meddling.

From this weekend's edition of the Wall Street Journal, upper right-hand corner of page B3:

...

" The culprit? Dangerously low stocks of gasoline. Strong demand, lower imports and higher exports have combined to pull gasoline stocks down to historically low levels, with inventories tumbling 15%, or by more than

...

" The nearby June crude-oil contract on the NYMEX gained eight cents, or

...

The Energy Information Administration says, "...despite the hiccups, refinery output has met 96% of the highest-ever gasoline demand to date, up from 93.4% a year ago, and above the five-year average of 95.2%."

...

" The biggest change in the supply equation is a steep decline of 9.6%, or 109,000 barrels a day, in gasoline imports to date, to 1.032 million barrels a day, partly as a result of changed US fuel specifications but also a prolonged strike at a French port."

...

" Gasoline stocks ended April at their lowest level since 1956 and were the lowest ever when measured against expected demand levels."

...

" That has left prices closing in on the March 1981 record inflation-adjusted level of $3.223 a gallon. Pump prices are up more than 43%, or nearly 94 cents a gallon on average, since Jan 22..."

Tegger wrote in news:Xns9937620A59E59tegger@

I see the conspiracy theorists in this group have totally ignored all this information.

Guess they'd rather fulminate over nothing than face the truth.