Gas Prices (Editorial)

                                               Lower gas prices should not lead to higher consumption


http://www.masslive.com/opinion/index.ssf/2014/10/lower_gas_prices_should_not_le.html
http://www.tuscaloosanews.com/article/20141006/NEWS/141009701
http://www.lansingstatejournal.com/story/opinion/editorials/2014/10/10/editorial-roundup-drilling-helped-us-gas-prices/17049507/

     Since the 1970s, the U.S. economy has had a huge effect on rising oil prices. Falling gas prices should not attempt motorists, wasting their money unnecessary. Motorists should consume fuel as much as they can and spend it on their desirable needs. Lower gas prices can lead motorists spreading higher consumption and pollution. Many countries such as, Saudia Arabia is increasing U.S. oil production.


   First, motorists should consume fuel as much as they can and spend it on their desirable needs. The editorial article from "Lower gas prices should not lead to higher consumption", mentions how its a good practice for young drivers who will some day live in a world of reduced oil supplies because oil is not replaceable substance. As a result, motorists should consume fuel because there would be more supply of oil and less demand. From the editorial "Falling gas prices: Don't get used to it", states how dropping gas prices should not lead to gulping more gas just because its cheap, but in the metaphorical sense of putting greater emphasis on smart gas use then before. As a result, drivers should should consume fuel so they could save money and make wise trips .



   Second, lower gas prices can lead motorists spreading higher consumption and pollution. The editorial from "Lower gas prices should not lead to higher consumption" says how motorists during the 1970s in New England and the rest of the nation have struggled with rising gas prices, but still has forced adjustments, even though they were not easy to make, the nation still survived this volatile issue than doomsdayers predicted that it could be even worse. There were astronomical increases and no availability on gas causing full-blown crisis. As a result, lower gas prices can lead motorists spreading higher consumption and pollution because then our economy may start to collapse apart and begin in a huge crisis. As represented from the same editorial, "Lower gas prices should not lead to higher consumption", explains how consumers can control the reduction on the demand and usage which has happened every year since 2007. As a result, lower gas prices can lead motorists spreading higher consumption and pollution because if motorists can not control the usage of gas then pollution will be every where, causing prices to skyrocket.



   However, in many countries such as Saudia Arabia is increasing U.S oil production. According, to the editorial "Falling gas prices: Don't get used to it announces that analysts of the Oil Price Information Service and Gas buddy. com  said that soon prices at the pump will drop less than $3 in more than 30 states, more than half the country. Prices are already there in some areas and Alabama is likely to be one of the states with "2s" on its pumps. As a result, U.S. oil production is increasing, leading oil prices to decline which means falling gas prices because the more supply there is, the lower the gas becomes. The editorial from "Lower prices should not lead to higher consumption, states that if gas prices become lower, where U.S. companies cannot afford to enjoy their customary profits then they may have to cut production leading prices to skyrocket. As a result, U.S. oil production is increasing but if the production somehow gets reduced then oil prices may go up higher because the less production there is, the price of gas gets higher.


       Furthermore, falling gas prices should not attempt motorists, wasting their money unnecessary. Motorists should consume fuel as much as possible. Lower gas prices may lead motorists spreading higher consumption/pollution. Many countries such as Saudia Arabia is increasing oil production for the U.S.

Gas Prices (Satirical Piece)

                                                                                                                                            10/11/14
                                         

                                                Gas Prices could go down about .99 cents yeah!!!!!!!!!




Spartanburg, SC -Note that during the past September, Oil prices are going down and even gas prices are going down too, yeah! According to AAA the price of gas has dropped 15 cents a day which now averages $2. Gas Prices have been going down due to the decline in oil prices and how the congress sued all of the oil companies for just making money and not caring about us which is so so so unfair!


Analysts speculate that the price of gas may even go down to .99 cents by the end of December. Many people think that it is extremely extremely impossible for gas prices to go down at .99 cents. In South Carolina, the average price of gas is $1.60 which is 40 cents lower than the U.S average. We went outside of the Spartanburg Area and found prices between $1.40-$1.60. The lowest price of gas we found was at a Chevron gas Station, which was only free!, whereas, the highest price of gas was only arm and leg the at the Speedway station.


  Bob, the spokesman of CBS says that how

"South Carolina is one of the fewest states that gas is really cheap".

Bob goes to the Texaco station off of  Highway 43 and talks to the station owner.

"Hey folks!, were at the Texaco station off  of  Highway 43 in Greenville, SC."

"As you can see at this Texaco, gas is only about $1.41,which is 5 cents less then yesterday at $1.46".

"Bill are you happy that gas prices are going down"?, said Bob

"Yes, sir and I am looking forward to continue see gas prices going down and attract more customers".

"I do not have any money, so is it okay that I just give you my clothes and my computer to pay for gas", said Bob.

Hahahahaha!, sure give me your clothes and your computer and you can go right ahead to pay for gas", said Bill.


   Analysts say that South Carolina, Mississippi, Alabama and Tennessee are the only states where gas prices are found to be cheap. The highest price of gas are founded in states such as ugly Michigan, precious California and the joyful of Hawaii.

 Analysts say that the decline of gas prices should be able to continue till Mid-March, the time of switching winter-summer blend.



 "It's not guaranteed that the price of gas will never go up", said Bob.

"Yet it could be possible, and we may even pay gas for free in the next 5 years" said Bob.


 "Because if anything happens that has due to with gas prices like refinery shutdowns, unrest/threats in the middle east then the price of oil will go up and gas will be much more than an arm and a leg".

 "Till now, we should all enjoy the decline in gas prices, as long as it lasts".

 "Spokesman Bob in Spartanburg, SC says good bye".

Gas Prices (Editorial Cartoon Analysis)

                                                        Gas Prices going up

http://randysidescartoons.wordpress.com/2011/03/23/cartoon-25-gas-prices/

This cartoon tells us how many people are happy in the beginning when they see cheap gas prices at first and the end people get sad when they have to pay high for gas. The cartoon comments the person entering in the gas station, mistakenly thinks that the price of gas  dropped about .99 cents. The station owner tells the man how the price was not .99 cents but 99 dollars (too expensive that no one could afford).  The man in the truck must have felt really sad on how gas at first was only.99 cents and now is shocked on how expensive it has got. The cartoon shows how the man  cannot afford paying $99 and would have to sell his truck and buy a smaller vehicle that would allow him not coming to the gas station that often. He might find away on getting back and fort from one place to another, which is happening pretty much today as gas prices have been getting higher as time passed.  Many people really wish they could go back to the good old days when gas was only less than $1. People would always go anywhere but as time had passed, gas prices have increased a lot between 1999-2014. I really wish gas prices would drop back about .99 cents, but 99% say that it unlikely that is going to ever happen. Back when I was born gas prices use to be around .99 cents to $1 for a quite a long time.



The editorial cartoon is effective because the gas station sign says $99 not .99 cents. The man must have not carefully red the sign and was confused between the dollar and cent sign. The technique that the artist uses is that how the man was surprised when he first pulled into the gas station and how he was amazed that gas prices had dropped to .99 cents really quick.  My interpretation from this cartoon is that gas prices in the future will somehow be cheaper then what were paying right now. First, gas prices only go up when oil prices go up which is due to either hurricanes, refinery shutdowns, and the wars/unrest in the middle east. Second, everything can be possible, for example, we all thought that gas prices would never go down to $1 after 2005 but in 2008 the price of gas averaged about $1.60 and many people were surprised on how gas prices were expensive at first and then dropped significantly lower. Finally, the U.S. might get oil from its own country instead of going to other countries such as Saudia Arabia or other middle east countries that it has been doing for a long time.

Gas Prices (Current Event)

Gas Prices

Why the price of filling up has gone down?

http://www.usnews.com/news/articles/2014/09/23/demand-drops-supply-surges-and-gasoline-prices-plummet

Alejandro Sanchez refuels his car at a gas station in Miami.

My Response
In the past, gas prices use to be around .99 cents and use to be very cheap. During the 2000s, gas prices have gone up a tremendous amount and became expensive as time had passed due to the weak dollar value and the war in Iraq. In 2004, gas prices, for the first time went up to $2 and many people were starting to complain and considered $2 expensive after a long time getting use to paying for $1 or below. Then in 2005, Hurricane Katrina happened and pushed gasoline prices to $3. In 2006 and beginning of 2007 gasoline prices have been going down $2 or under. At the mid-end of 2007 gas prices especially in Michigan went up to $3 or higher and then by the end, gas prices in Michigan went down around 2.89. Gasoline prices in places such as Mississippi and South Carolina were the lowest at 2.40. In February, 2008 gas prices across the United States went up to $3 due to the weak dollar value and started going up to $4. From July, 2008-January, 2009 gas prices have been going down from $4 to $1. Many people were really happy when gas prices were going down back to $1 since 2004-2005.  Gas prices in 2009 have headed back towards the $2 mark but never went up to $3. In 2010, gas prices were starting to go up closer to $3 in places like Michigan. Then in 2011 gas prices have been going up for the second time about $4, since 2008 due to the unrest in Libya and in other Middle East countries. From 2012-2014, gas prices have been going up and down due to the price of barrel, in other words, oil prices. When oil prices go up, gas prices start to become expensive and when oil prices go down the price of gasoline goes down.

Summary:
Gasoline prices have been going down due to low demand and an increase in supply. Prices at the pump have been at the lowest levels in years, despite of global unrest. The Islamic State group and its fighters have seized oil fields, threatening oil supplies in major cites of Iraq and Syria. At the end of the summer driving season, demand drops and prices fall down usually after Labor Day. Refiners switch to winter fuel fix because it adds less expensive fuels, such as Butane. The Environmental  Protection Agency allows refiners to switch to the winter-grade blend as air quality improves and summer heat dissipates. U.S. Oil Production plays a big role on gas prices which is why they have declined. The U.S. is helping to keep the global market covered with crude oil. Most of all, fuel-efficient cars have been heading down the road each year which also has a big impact on the price of gasoline.

Connections:
If oil prices go down and never go up in the next three months, then hopefully we might see a significant drop on gas prices about anywhere in the $2 range, just like back in 2009 and 2010. My personal reactions to this article is that this will not only help the economy but many people will be satisfied and feel much better if things go in the right direction. It has been long time seen gas prices around the $2 range and the lowest we have been seeing is about $2.89-2.99. My prediction from this article is that gas prices will go down in to the $2 range by the end of this year because many analysts say that in 20 states, gas prices has declined below $3 and they expect 30 states to be below $3. Also, the price of Brent crude oil which is the benchmark of calculating gasoline prices now stands at $96 a barrel which is down $115 a barrel in June and more than $120 two years ago. The economy is working on bringing in more crude oil to the market which means that we might see a 75% chance on prices getting lower and lower. The "U.S. is an over supplied market. Crude is available and crude is cheap, and it's going to become even more available and cheaper" because as China, Canada , and other countries from Europe-Asa explore, expand an implement, more oil is expected to hit the market. Americans are buying more gas branded credit/debit cards that would save them anywhere between 5-10 cents off. This shows how not only many people are saving money on gas, but demand also starts to decrease and pushes other oil companies for competing with each other, “Demand is expected to fall in the U.S. another 15 percent between 2014 and 2025. That is huge news.”

Biases:

The article uses, despite global unrest, prices at the pumps are at their lowest levels in years. I see this based upon gas prices declining after the summer driving season ends,demand starts decreasing and the supply starts to increase which means lower gas prices. Second, I found in the article on where it says crude is cheap. This refers to how Americans will consume more than 2 billion gallons of gasoline than ever expected from previous years. Third, as oil and gas boom, energy taxes fall, which shows how   there so many gas stations and stores for customers to choose from. The new approach is if you have a gas station, you better make sure you have enough money from convenience stores to cope with, which means how your gas station will have a zero margin on your gas sales.