Travis, Tahlequah (12/19/2008 7:21:33 AM)

Warning: Due to lower worldwide oil consumption and the resulting decline in CO2 output please be prepared for the onset of man made global cooling.

jlw, Canadian (12/19/2008 8:21:56 AM)

Look you dipsticks, we already told you we ain't paying $4 a gallon no more, you can cut all the production you want.

grizz, tulsa (12/19/2008 8:27:37 AM)

A 4 1/2 year low, but gas prices have risen twice this week?

Trinity, Tulsa (12/19/2008 10:02:54 AM)

Excellent post, Travis! And Grizz points out the new low for gas yet it rose this week.

Go figure.

justiceawaits, (12/19/2008 10:31:07 AM)

Quick trip raises the price of gas as Oil continues to drop.The Oil companies are going to cut back on exploration and drilling to drive the price of oil back up.Can You say Monopoly???This injustice is the result of more of Bush`s moronic policies.Let`s let the oil companies merge.Conoco-Phillips,Exon-Mobile etc. And now they are letting the banks buy each other out.While they placed new rules on credit cards, they won`t go into effect for over a year.Plenty of time to change their minds and back out.All the while the Government takes 800 billion of our tax dollars to spend on one thing, and then (Bait and Switch) the Bush controlled fed spends it on something completely different.What is next.Is Bush going to try to declare a national emergengy and invalidate the elections and proclaim himself (king George for life).When is enough enough? I just hope Obamah and biden have enough sense to clean house after Jan. 20th and we don`t get more of the same.

God Bless our Troops, (12/19/2008 10:49:23 AM)

I suppose that is what happens when the oil companies get so greedy for so long and make people pay $4 a gallon for gas. They only aided an already failing economy in the United States, which in turn put the rest of the world into a recession too and now its catching up to them.

Never in my life have I had mixed emotions about lower gas prices though. My husband works at a Pipeline Company and they are already feeling the crunch of oil prices bottoming out. They are not getting nearly the work they had in the middle of this year. So which one is better, $4 gas and work, or $1.50 gas an no work?

AnotherActivist, Tulsa (12/19/2008 10:57:28 AM)

The policy of setting gas prices have always confused me. From $4 to $1.50, it makes no sense to me. I don't know how long it will last and I too am not sure how to feel about it. If gas is high, we may finally get alternatives, but if gas is low, I can buy groceries and perhaps pay my utilities...

jhill, Tulsa (12/19/2008 11:02:08 AM)

Gas is low right now — but don't try to take that to the bank.

During this past year we've seen just how volatile prices can be — and how the prices seem to fluctuate independently, unrelated to any other discernible factor.

I don't feel any more secure now than I did when gas was at $4.

Angry Citizen!, Bluejacket (12/19/2008 11:36:45 AM)

All commodities, except metals, have lost most of their value..... Where has the investment gone and why?

ajohnb, Jenks (12/19/2008 4:38:15 PM)

Justiceawaits... you are the moronic one here.

Everyone likes to blame Bush for the price going up so high.

Thank you George for getting the price down. I appreciate the job you did for the Americans.

After Jan 20 you will have more of the same because all of the Democrats that approved of everything Bush did, including going to war, are still in office. When are you morons going to realize that the President, no matter which party, cannot do anymore that what Congress allows him to do.

I look forward to the next 4 years of blaming EVERYTHING on Obama. Cuz, if the troops are not out of Iraq on Jan 21, it will be his fault. He said he will withdraw them. Sound idiotic? Thats what you have sounded like for the past 8 years.

Jason L., Tulsa (12/19/2008 11:30:09 PM)

Right now is a good time to invest in a gas bank. Five years from now you can get gas for what you paid in '08.

noveds, (12/20/2008 12:32:25 AM)

The President was to blame when gas was $4, he opens off-shore drilling and the price starts to drop. No credit. I realize the global slowdown has a hand in this but probably not as big as some want it to.
If OPEC wants to cut production to jack prices, we need to increase domestic production to counter it. We have the oil, we just need to go after it. More jobs, more oil, cheap gas.

noveds, (12/20/2008 12:39:19 AM)

A point I forgot to make: How sweet is it that Russia, Venezuela and Iran are now in financial trouble because of the low price of oil? One more reason to increase domestic production.

bret michaels, (12/20/2008 12:54:42 AM)

surely if we begin to produce enough oil, we will be in on OPEC production guidelines. After all, oil and gas is private industry and private industries exist in the US to turn a profit.....

Tulsaboyw, tulsa (12/20/2008 10:35:33 PM)

The problemn with us producing more is the government itself blocks a lot of the owned leases from being done... and even the recent loosening of drilling offshore was not enough because most of the oil is further in than allowed.

Bigest problem with both the financial problems (ie; the mortgage meltdown) and the energy problems is more about governemnt blocking or hindering everything.

Blame the politicians the most.