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Author Topic: Extended government shutdown could mean even lower gas prices Back to Topics
PD

Moderator
Message Posted: Oct 1, 2013 3:25:39 PM

With today's shutdown of the federal government, many are asking if this could have an impact on gasoline prices. Even if the government hadn't shut down, gasoline prices were likely to continue their recent decline. But if the government remains closed for more than say a week or two, if could push gasoline prices even lower.

Many analysts fear an extended government shutdown could have a crippling impact on stock markets and the U.S. economy as federal employees remain out of work and unpaid. This could in turn stifle gasoline demand around the country and slow spending, and would almost certainly mean oil and gasoline prices would drop sharply.

As it stands today, gasoline prices have been on decline for 29 straight...

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REPLIES (newest first) Post a Reply
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shasta2e
Veteran Author Washington

Posts:429
Points:507,205
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Message Posted: Oct 8, 2013 10:31:24 AM

hoping it will go down, wouldn't it be nice if it got below $3 a gallon.
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rknaak1
Sophomore Author Wisconsin

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Message Posted: Oct 8, 2013 6:29:55 AM

I am not going to argue with the possibility of that!
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46chief
Champion Author Indiana

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Message Posted: Oct 7, 2013 10:19:47 PM

I have my fingers crossed!
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pilotmass
Champion Author Boston

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Message Posted: Oct 7, 2013 8:35:34 AM

Really?
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QualTekGuy
Champion Author Illinois

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Message Posted: Oct 6, 2013 12:50:55 PM

Yet the administration claims no link to gas prices.
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ConeyBeach
Veteran Author Ontario

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Message Posted: Oct 5, 2013 2:43:04 PM

One can only hope
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karl13
All-Star Author Miami

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Message Posted: Oct 5, 2013 8:51:57 AM

Highly unlikely that it will be anything significant.
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 4, 2013 5:59:48 AM

maybe, but the shutdown could backfire just as well.
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MichaelJFS
Veteran Author Wisconsin

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Message Posted: Oct 3, 2013 11:55:35 PM

Not today.
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bston
Champion Author Oklahoma City

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Message Posted: Oct 2, 2013 11:08:33 PM

Sounds good for lower gas prices.
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Revpammi
Rookie Author Phoenix

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Message Posted: Oct 2, 2013 10:05:17 PM

I like the lower gas prices but what I am afraid of is the other cuts that may happen
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Prodaddy
Champion Author Houston

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Message Posted: Oct 2, 2013 8:59:03 PM

I all for lower gas prices
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KarateDude
Champion Author Cincinnati

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Message Posted: Oct 2, 2013 2:59:38 PM

They should cut King Obama's pay and expenses like his every other month vacation for him or his wife and kids....
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CyclistMO
All-Star Author St. Louis

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Message Posted: Oct 2, 2013 2:39:53 PM

This is also what will happen:

3.6 million veterans may not receive benefits if the shutdown lasts over two weeks.

The CDC will stop its flu prevention program, just as flu season begins.

Food safety inspections will scale back.

About 9,000,000 moms and pregnant women will no longer receive nutritional assistance.

The Small Business Administration will be unable to process new loans.

Disability benefits could be interrupted.

(That's to name a few.)

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jpj23
Champion Author Los Angeles

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Message Posted: Oct 2, 2013 2:36:14 PM

An extended shutdown would also make the country default and the credit agencies would lower the government's credit rating *increasing* the overall debt for years! (Great job, Congress!) And if the international community loses faith in the dollar, foreign investments in US stocks, real estate and other places could dry up PLUS the oil market could decide to start trading oil in Euros if the dollar proves unstable.

So, let's not think short-term here.
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Panama Red
Champion Author San Diego

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Message Posted: Oct 2, 2013 2:35:12 PM

Wait and see...
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caddilac
Champion Author Ontario

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Message Posted: Oct 2, 2013 2:29:33 PM


"Extended government shutdown could mean even lower gas prices"

Great, then do it, shut down the government!

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DragonLady76
Champion Author Illinois

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Message Posted: Oct 2, 2013 2:28:16 PM

WE SHALL SEE!
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TRAIN RIDER
Champion Author San Bernardino

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Message Posted: Oct 2, 2013 2:23:29 PM

With Obama as President this maybe the only thing that goes down.
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OOXXFF
Champion Author Greensboro

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Message Posted: Oct 2, 2013 2:23:01 PM

It's an illl wind that blows no good.
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ssect8
Champion Author Hartford

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Message Posted: Oct 2, 2013 2:22:15 PM

If you believe this then I have a bridge in Brooklyn that's for sale.
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THX138
Champion Author San Francisco

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Message Posted: Oct 2, 2013 2:21:25 PM

Not very likely. Yet another vacuous promise from defective guessers
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AcuraTSX
Champion Author Ohio

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Message Posted: Oct 2, 2013 2:19:24 PM

Thank you GOP.
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vjmagic
Champion Author Fort Worth

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Message Posted: Oct 2, 2013 2:16:53 PM

It's always either or
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Isea11
Champion Author New York

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Message Posted: Oct 2, 2013 2:16:44 PM

Thank you House Republicans.
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peapaw
Champion Author Ohio

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Message Posted: Oct 2, 2013 2:15:04 PM

New joke of the day....dream on....
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Tralp
Champion Author North Carolina

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Message Posted: Oct 2, 2013 2:14:21 PM

Doubtful
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Hop1LA
Champion Author Baton Rouge

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Message Posted: Oct 2, 2013 2:14:14 PM

Yesterday's news.
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oas
Champion Author Maryland

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Message Posted: Oct 2, 2013 2:13:42 PM

Less driving. Less money available to buy gas. No wonder lower prices.
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Xpoint
Champion Author Idaho

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Message Posted: Oct 2, 2013 2:13:03 PM

Does anybody really know?
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quattro02
Champion Author Twin Cities

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Message Posted: Oct 2, 2013 2:11:41 PM

Thank you, Keepingoin. I agree.
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Keepingoin
Champion Author Illinois

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Message Posted: Oct 2, 2013 2:10:10 PM

It sounds quite possible, but for the wrong reasons. Hello, Tea party, please start looking beyond the end of your noses and look at the broader, more complex picture and the theory of compromise.
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blitzntj
Champion Author Jacksonville

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Message Posted: Oct 2, 2013 2:09:25 PM

that would be great news......less govt lower pump prices.....almost sounds like a Walmart logo
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brian1145
Champion Author Quad Cities

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Message Posted: Oct 2, 2013 2:08:57 PM

Can't buy gas if your not collecting a paycheck.
Can't eat either.
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36IHBinder
Champion Author Illinois

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Message Posted: Oct 2, 2013 2:07:58 PM

At least something good might come of it
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srchr
Champion Author San Jose

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Message Posted: Oct 2, 2013 2:07:04 PM

good, keep it shut down
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AnObserver
Champion Author New Jersey

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Message Posted: Oct 2, 2013 2:05:24 PM

We have to take the good with the bad
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robgdl
Veteran Author Columbus

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Message Posted: Oct 2, 2013 2:04:41 PM

not believing it.
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Tiernan
Champion Author Chicago

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Message Posted: Oct 2, 2013 2:03:04 PM

Roads have been even BUSIER over the past 2 days...
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ftsgt
Champion Author Illinois

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Message Posted: Oct 2, 2013 1:59:50 PM

This would be a bad sign for the economy as a while. If you wishing this to happen you don't understand that bigger picture of what it would mean. Or maybe you would after you lose your job because of a slower economy.
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dad2two
Champion Author Dallas

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Message Posted: Oct 2, 2013 1:59:20 PM

The government workeers will not be driving to work.
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audreylw
All-Star Author Boston

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Message Posted: Oct 2, 2013 1:58:30 PM

That'll be good.
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PrettyLittleLady
Champion Author Modesto

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Message Posted: Oct 2, 2013 1:55:54 PM

maybe the West Coast will get some of this benefit..
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guarddog
All-Star Author Illinois

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Message Posted: Oct 2, 2013 1:53:13 PM

Just take the good with the bad.
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arb0526
Champion Author Greensboro

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Message Posted: Oct 2, 2013 1:50:09 PM

ok
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RAKARWOWSKI
Champion Author Chicago

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Message Posted: Oct 2, 2013 1:48:00 PM

Shut it down until there is no dept!
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RBob
Champion Author Portland

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Message Posted: Oct 2, 2013 1:47:52 PM

The shut down is an interesting twist, like buying gas at your local dealer and then refusing to pay for it. 25 members of the House seem to think this is a good practice...
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Diesel_Ram
Champion Author Dallas

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Message Posted: Oct 2, 2013 1:44:51 PM

Yesterdays story
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SUSANCK
Champion Author Chicago

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Message Posted: Oct 2, 2013 1:43:12 PM

We should have had the shut down earlier.
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JENNYHK
Champion Author Chicago

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Message Posted: Oct 2, 2013 1:39:04 PM

Another positive to the shut down!
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