[mdoyle]

The reason prices have gone down (don't shoot the messenger) are:

1. Due to the end of the so called summer driving season.
2. The refinery conversion away from the more expensive summer blends.
3. The announcement of a huge reserve in the Gulf of Mexico.
4. Any other arbitrary thing the traders can think up.

One offshoot of all the domestic production that's occurred with the higher oil prices is that natural gas became cheaper. Of course the utility company I'm stuck with didn't buy contracts then, no they'll wait until the dead of winter and pass the high cost of gas using their stupid COG fee on my bill.

They say the past high prices were because China has been buying a lot of gas. Really? I haven't seen China buying gas at my local Quik Trip.