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Gas prices fall 6.6% in year as demand declines

San Francisco Chronicle -- U.S. gasoline prices, headed to $4 a gallon in April, are closer to $3 at the July Fourth holiday, giving consumers relief and a boost to President Obama's re-election campaign.

Retail prices have fallen 15 percent to $3.329 from a peak of $3.936 on April 4, according to AAA, the largest U.S. motoring group.

They're also 6.6 percent lower than a year ago, underscoring how slowing economies are sapping demand even as an embargo on Iranian oil starts.

Republican criticism of Obama's energy policies has faded as oil fell as much as 29 percent from this year's high in February and stockpiles ballooned to the most in 22 years.

Americans bought less gasoline in the four weeks ended June 26 than a year earlier, even as prices dropped, data show.

Last month, the Federal Reserve cut its

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Submitted Jul 04, 2012 By: angel4me

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moremissions200 Champion Author Rhode Island Posts:10,506 Points:2,024,485 Joined:Jan 2007	Message Posted: Jul 4, 2012 8:55:57 PM Ignore moremissions200 Report Abuse Remember the pain and suffering of the last 4 years on November 6, 2012. Throw the bums out.
DEG Champion Author Las Vegas Posts:17,610 Points:3,492,755 Joined:Jul 2003	Message Posted: Jul 4, 2012 8:50:58 PM Ignore DEG Report Abuse If Obama is re-elected; expect oil/gas prices to skyrocket.
rpr77 Champion Author Philadelphia Posts:3,885 Points:765,335 Joined:Mar 2011	Message Posted: Jul 4, 2012 8:49:34 PM Ignore rpr77 Report Abuse ok
Tracer2008 All-Star Author Alberta Posts:540 Points:312,445 Joined:Sep 2008	Message Posted: Jul 4, 2012 8:47:45 PM Ignore Tracer2008 Report Abuse The higher the fuel economy standard, the less money to be saved
paleface17 Rookie Author Indiana Posts:44 Points:12,735 Joined:Jun 2012	Message Posted: Jul 4, 2012 8:47:45 PM Ignore paleface17 Report Abuse DRILL BABY DRILL.....NOW
Beaveronparade Champion Author Hartford Posts:2,099 Points:632,880 Joined:Mar 2011	Message Posted: Jul 4, 2012 8:47:45 PM Ignore Beaveronparade Report Abuse Demand has fallen because people can't afford the gas.
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,859,780 Joined:Jun 2006	Message Posted: Jul 4, 2012 8:45:29 PM Ignore PizzaMon Report Abuse No re-election reason for me.
Daddybud Champion Author North Carolina Posts:6,280 Points:1,362,830 Joined:May 2009	Message Posted: Jul 4, 2012 8:43:16 PM Ignore Daddybud Report Abuse criticism,criticism.
blazerbob91 Champion Author Milwaukee Posts:6,130 Points:1,880,745 Joined:Aug 2005	Message Posted: Jul 4, 2012 8:42:03 PM Ignore blazerbob91 Report Abuse Now where near enough.
jvt666 Champion Author California Posts:2,775 Points:1,841,025 Joined:Apr 2006	Message Posted: Jul 4, 2012 8:41:06 PM Ignore jvt666 Report Abuse Need new leadership for it to drop significantly.
Mowerman08 Champion Author Milwaukee Posts:4,745 Points:1,215,070 Joined:Aug 2008	Message Posted: Jul 4, 2012 8:38:54 PM Ignore Mowerman08 Report Abuse HAPPY INDEPENDENCE DAY AMERICA! Watch as the stock market goes up, the speculators will get back in and the price of crude will go back to were it was before the dip.
abcdMA Champion Author Worcester Posts:7,912 Points:1,573,030 Joined:Nov 2008	Message Posted: Jul 4, 2012 8:38:51 PM Ignore abcdMA Report Abuse decline in demand, a sure sign of a dying economy
Mermaan Champion Author Boston Posts:1,572 Points:421,235 Joined:Apr 2011	Message Posted: Jul 4, 2012 8:37:22 PM Ignore Mermaan Report Abuse I still won't purchase a gas guzzler. It's easy to change driving habits than a car.
sickhp Champion Author San Antonio Posts:1,364 Points:514,205 Joined:Sep 2011	Message Posted: Jul 4, 2012 8:36:09 PM Ignore sickhp Report Abuse Drill baby drill is the bigger reason.
heartbroken2010 Champion Author Ottawa Posts:4,334 Points:894,985 Joined:Aug 2010	Message Posted: Jul 4, 2012 8:36:02 PM Ignore heartbroken2010 Report Abuse no surprise , no job , no money = hard to drive these days.
checkitnow Champion Author Atlanta Posts:2,026 Points:569,620 Joined:Aug 2010	Message Posted: Jul 4, 2012 8:35:04 PM Ignore checkitnow Report Abuse gas prices failing due to demand... isn't this obummer's 3rd 'summer of recovery'
scubadaniel Champion Author Dayton Posts:1,406 Points:689,145 Joined:Jan 2011	Message Posted: Jul 4, 2012 8:32:06 PM Ignore scubadaniel Report Abuse And who says the president has no control over gas prices? This is Political year, so look for any and all dirty tricks they can muster.
KhelbenArunson Champion Author Michigan Posts:4,430 Points:714,940 Joined:Apr 2008	Message Posted: Jul 4, 2012 8:31:29 PM Ignore KhelbenArunson Report Abuse Get back to me when they fall 106% and more.
ZimaKC All-Star Author Pittsburgh Posts:552 Points:545,935 Joined:Jun 2004	Message Posted: Jul 4, 2012 8:30:37 PM Ignore ZimaKC Report Abuse okay
ysmc Champion Author Providence Posts:10,550 Points:2,020,670 Joined:Apr 2007	Message Posted: Jul 4, 2012 8:29:32 PM Ignore ysmc Report Abuse a planned trick?
stephen2155 Champion Author North Carolina Posts:3,014 Points:655,330 Joined:Jun 2011	Message Posted: Jul 4, 2012 8:27:05 PM Ignore stephen2155 Report Abuse Ok
QuagmireLA Champion Author Louisiana Posts:1,079 Points:160,365 Joined:Jun 2012	Message Posted: Jul 4, 2012 8:26:16 PM Ignore QuagmireLA Report Abuse As I've said before, gas prices do strange things when a presidential election approaches. DO Not bet the ranch it'll last far beyond that.
TDIdave Champion Author California Posts:5,048 Points:1,222,790 Joined:May 2006	Message Posted: Jul 4, 2012 8:26:07 PM Ignore TDIdave Report Abuse I'm driving less. My TDI diesel will last a long long time this way.
iamforiu Champion Author Indiana Posts:3,560 Points:708,715 Joined:May 2011	Message Posted: Jul 4, 2012 8:24:55 PM Ignore iamforiu Report Abuse ok
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Jul 4, 2012 8:24:29 PM Ignore uptherefiners Report Abuse but how long does it last?
raj_fl Champion Author Trenton Posts:3,194 Points:724,980 Joined:Oct 2010	Message Posted: Jul 4, 2012 8:16:11 PM Ignore raj_fl Report Abuse mmmmm
BrucePen Champion Author Ontario Posts:6,591 Points:1,359,890 Joined:Sep 2008	Message Posted: Jul 4, 2012 8:15:39 PM Ignore BrucePen Report Abuse Not here in Socialist Ontario. Price up to 125.9 per liter.
raj_fl Champion Author Trenton Posts:3,194 Points:724,980 Joined:Oct 2010	Message Posted: Jul 4, 2012 8:15:16 PM Ignore raj_fl Report Abuse alternate energy is the way to go
raj_fl Champion Author Trenton Posts:3,194 Points:724,980 Joined:Oct 2010	Message Posted: Jul 4, 2012 8:14:18 PM Ignore raj_fl Report Abuse time to put in new energy policy to ensure less dependance
flghtmedic All-Star Author Pensacola Posts:517 Points:383,205 Joined:Apr 2006	Message Posted: Jul 4, 2012 8:13:38 PM Ignore flghtmedic Report Abuse Ok
raj_fl Champion Author Trenton Posts:3,194 Points:724,980 Joined:Oct 2010	Message Posted: Jul 4, 2012 8:13:23 PM Ignore raj_fl Report Abuse its about time that the republicians shut their mouths
AAxterra Champion Author Tennessee Posts:3,759 Points:767,485 Joined:Aug 2008	Message Posted: Jul 4, 2012 8:10:51 PM Ignore AAxterra Report Abuse ok
swrestler Champion Author Grand Rapids Posts:6,125 Points:1,569,125 Joined:Oct 2008	Message Posted: Jul 4, 2012 8:10:40 PM Ignore swrestler Report Abuse Gas Prices Are Still To High, But Need To Fall Alot Lower To Help The Economy...
arb0526 Champion Author Greensboro Posts:1,961 Points:407,695 Joined:Mar 2011	Message Posted: Jul 4, 2012 8:04:33 PM Ignore arb0526 Report Abuse Let's go back to year 2000 prices
ericbcire Champion Author Nevada Posts:4,510 Points:1,264,685 Joined:Aug 2009	Message Posted: Jul 4, 2012 8:03:17 PM Ignore ericbcire Report Abuse Prices need to drop much further or the economy will worsen.
fcdriver Champion Author Tennessee Posts:7,233 Points:1,470,905 Joined:Sep 2008	Message Posted: Jul 4, 2012 8:03:03 PM Ignore fcdriver Report Abuse every little bit helps
200porter Champion Author Toronto Posts:2,050 Points:539,210 Joined:Sep 2011	Message Posted: Jul 4, 2012 8:02:17 PM Ignore 200porter Report Abuse They're still too high
knot2swift Champion Author Calgary Posts:4,374 Points:695,250 Joined:Nov 2009	Message Posted: Jul 4, 2012 8:01:32 PM Ignore knot2swift Report Abuse Does anyone care but this crap? It will be big oil as usual after the election. Iran will be back on the front burner. Europe will get their crap together and we'll all go back to $4 gasoline soon enough.
padlocks2 Champion Author Virginia Posts:3,062 Points:621,880 Joined:Aug 2006	Message Posted: Jul 4, 2012 7:57:20 PM Ignore padlocks2 Report Abuse They need to fall 50%
fire@53 Champion Author Philadelphia Posts:11,818 Points:2,767,125 Joined:May 2003	Message Posted: Jul 4, 2012 7:56:30 PM Ignore fire@53 Report Abuse Demand will keep declining when Obama care kicks in and people have less money after paying higher health insurance costs or the "tax".
14smoke08 Sophomore Author Montreal Posts:240 Points:47,600 Joined:Jul 2012	Message Posted: Jul 4, 2012 7:52:05 PM Ignore 14smoke08 Report Abuse Not in Montreal. Prices jumped yesterday and they are now 2 cents a liter higher than last year.
humblepie Champion Author Toledo Posts:34,101 Points:2,368,445 Joined:Mar 2006	Message Posted: Jul 4, 2012 7:48:40 PM Ignore humblepie Report Abuse barry is the man eh ?
blitzntj Champion Author Jacksonville Posts:4,664 Points:941,155 Joined:Dec 2007	Message Posted: Jul 4, 2012 7:47:19 PM Ignore blitzntj Report Abuse Can't afford it....still too high
theschmuck Champion Author Michigan Posts:2,907 Points:1,509,675 Joined:Mar 2007	Message Posted: Jul 4, 2012 7:47:01 PM Ignore theschmuck Report Abuse Of course the big business people are bringing down the prices to made it look good for the'dictator', it's an election year. But the a@@hole has done everything in the last three years to screw the american public and is continuing to do it. We were once a proud nation and second to no one. All we do under his leadership is keep slipping backward. time for a change.
BeatOPEC All-Star Author Indianapolis Posts:857 Points:197,030 Joined:Apr 2011	Message Posted: Jul 4, 2012 7:46:09 PM Ignore BeatOPEC Report Abuse Don't worry, they will come up with an excuse to raise prices anyway.
MRHONEST Champion Author Illinois Posts:2,212 Points:1,674,080 Joined:May 2007	Message Posted: Jul 4, 2012 7:44:43 PM Ignore MRHONEST Report Abuse Come to Illinois to buy gas, you will never save money!
kzrooster Champion Author Kalamazoo Posts:2,370 Points:513,825 Joined:Nov 2011	Message Posted: Jul 4, 2012 7:44:40 PM Ignore kzrooster Report Abuse prices can fall to under a dollar and I still won't vote for the guy
PetroScopper Champion Author Houston Posts:6,612 Points:1,548,025 Joined:Aug 2008	Message Posted: Jul 4, 2012 7:44:21 PM Ignore PetroScopper Report Abuse Interesting article- who cares about the opinion of the writer... not me!
DaBattMan Champion Author Las Vegas Posts:1,709 Points:826,255 Joined:May 2001	Message Posted: Jul 4, 2012 7:41:34 PM Ignore DaBattMan Report Abuse So the author is saying they would rather pay $5.00 a gallon just so Obama doesn't get re-elected?
big_mac64 Champion Author Tennessee Posts:10,593 Points:1,485,590 Joined:May 2005	Message Posted: Jul 4, 2012 7:36:45 PM Ignore big_mac64 Report Abuse I don't see how it boosts Obama in the election. He's done every thing possible in the last 3 1/2 yrs to keep it up (blocking Keystone etc).
LaVonneK Champion Author Iowa Posts:2,930 Points:623,825 Joined:Jul 2011	Message Posted: Jul 4, 2012 7:35:01 PM Ignore LaVonneK Report Abuse Keep it going down.
Toppers Champion Author Atlanta Posts:8,997 Points:2,467,770 Joined:Mar 2005	Message Posted: Jul 4, 2012 7:32:21 PM Ignore Toppers Report Abuse Hope we give it a chance(conserve) to drop below $3...