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View Diary: PPP's own poll shows bad news for Republicans (86 comments)

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  •  oil is dropping today (3+ / 0-)

    now below $106 a barrel (peak was $113).

    What is happening is that there is PLENTY of oil in the United States and it is speculation that is driving up the prices.

    LATimes predicts that gas prices will be higher Easter Sunday then it will be on July 4th.  LATimes believes that the oil has reached its peak.

    Tom Kloza, chief oil analyst for the Oil Price Information Service, said that 2011's peak was probably near and that prices can't be sustained at these levels.

    "Fuels are at an excessively high level. They will get a little more excessive, but it will turn soon," Kloza said. "What you pay for fuel on Easter Sunday should be higher than what you will be paying on the July 4th weekend."

    Markos Moulitsas: "Said it before, I'll say it again: Scott Walker is the best thing to happen to Dem activism since George W. Bush."

    by Drdemocrat on Tue Apr 12, 2011 at 10:28:10 AM PDT

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    •  Gas prices higher in April (1+ / 0-)
      Recommended by:

      Than July?  When was the last time that happened...

      I do think that probably 20 bucks of the price per barrel is speculators, and also the fact the dollar is getting pummeled is behind much of the commodity boom.  The thing is though the trickle down effect is already being seen in other areas, esp food prices, and once those go up, are they really ever going to come back down?

      Hey you, dont tell me theres no hope at all Together we stand, divided we fall.

      by marcvstraianvs on Tue Apr 12, 2011 at 10:37:41 AM PDT

      [ Parent ]

    •  Libya is a big reason for (0+ / 0-)

      the increase in oil prices too. Gaddafhi leaving would cause a pretty steep slide in oil, imo, but doesnt look like that will happen anytime soon.

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