Iran Nuke Deal Guarantees $2 / Gal prices for US Consumers

Huh??  I have done work in 100's of older homes - I have never heard of a heating oil powered hot water heater.

you idiots celebrate the savings of a few bucks while watching the economy fall 

Please explain. I'm interested in this theory. 

Costco 

Newbury St 

Danvers, Ma 

Some refinery in California that services most neighboring states had an equipment failure and it has taken months and will take months to repair, so our prices are inverted..

Diesel is near fair value of 2.25 or so, while unleaded is 2.45, so about 40 cents higher than if this refinery hadnt messed it up for the region.

What is interesting though, last time oil dropped down to the low 40's, gas here dropped all the way down to 1.77, but even with oil lower last week it didnt make gas prices drop under 2 bucks nationally. I think its the old Sunoco shuffle, slowing production when prices are low so profits done fall.

so you are doing well on your prediction, but national average needs to keep diving to get close to $2.  It may get there, but now the national media is reporting $2 by December, so my gut would tell me to fade that prediction.

As I mentioned, you clowns that watch gas prices hoping for lower lower lower are sooo foolish.  Lower energy prices is the indicator for tough times economically.  I would prefer $4 gas without a moment of thought.

Honestly, if there is such a science to it than we all should be able to retire soon right? 

Much written on this.  But it is not a science; but is a theory. So, yes it is that easy. And, no it is not that easy.  It is dynamic and fluid.  Oil is the driver in the world economy. Not a driver---the driver.  But it is not a true supply and demand commodity. Some of it is based on expectation. What has happened in the past long ago is not the same as what happened in the recent past.  So, you have to consider why it is falling and how quickly it is falling. Is it because of lack of need?  Or is it because of a disturbance at a refinery or is it because of a skirmish. Etc. etc. Therefore, if you are right about it more than wrong you can make it easy. Same as any situation like this. As a couple of these articles point out it can be a good thing for the folks but bad for the overall economy.  Then you have to decide if it is going to affect the economy or if the economy is affecting it.  But a lot of the guys that study this are concerned about this drop as compared to some of the more recent drops. 

I dont think oil is as good of an indicator compared to copper or iron ore since we ramped up supply so heavy and OPEC is trying to swamp us out, they have upped supply..but if you have been following copper prices and world inflation you can see how they are walking together down.

The US has no general inflation, since 2000 our inflation levels keep falling. Our country is maturing, we are not in a growth phase economically, I dont consider 2% growth to be the sign of a strong economy, and some countries are square in the middle of a recession...China, Canada, Australia, Brasil, many many countries are obviously declining ecomomically.