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2004-05-26 Home Front: Tech
Some Analysts See Signs of Respite from Record U.S. Gas Prices
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Posted by Mark Espinola 2004-05-26 1:30:49 AM|| || Front Page|| [3 views since 2007-05-07]  Top

#1 Sounds like a local phenomena. The oil market is global and that is what matters and determines prices.
Posted by Phil B  2004-05-26 8:52:32 AM||   2004-05-26 8:52:32 AM|| Front Page Top

#2 Well, that and refinery capacity.
Posted by eLarson 2004-05-26 9:59:19 AM||   2004-05-26 9:59:19 AM|| Front Page Top

#3 Refinery capacity has no effect on oil supply. The determinant of oil prices is supply (relative to demand).
Posted by Phil B  2004-05-26 10:46:11 AM||   2004-05-26 10:46:11 AM|| Front Page Top

#4 Who ever this "Some Analysts" guy is didn't pay $2.33 like I did this morning in Seal Beach, CA, which is 85 mi north of San Diego.

Mr. Analysts; you are obviously a delusional drug addict. Get help.
Posted by BigEd 2004-05-26 11:18:33 AM||   2004-05-26 11:18:33 AM|| Front Page Top

#5 Van der Valk said that could soon translate to cheaper gas for regional motorists.

Don't hold your breath. As far back as I can remember, after every single time gas prices have jumped upwards, the price has never, EVER, spiked downward on the backside. When oil prices drop, the price of gas just floats downward, ever so slowly......
Posted by Bomb-a-rama 2004-05-26 1:03:13 PM||   2004-05-26 1:03:13 PM|| Front Page Top

#6 $2.37 for regular in San Diego yesterday when I filled up my truck...so he's pretty close
Posted by Frank G  2004-05-26 1:15:09 PM||   2004-05-26 1:15:09 PM|| Front Page Top

#7 Refinery capacity has nothing to do with OIL prices, true. But it has a lot to do with GAS prices.
Posted by eLarson 2004-05-26 1:48:57 PM||   2004-05-26 1:48:57 PM|| Front Page Top

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