Why Gas and Food Prices Are Likely to Drop

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It is very clever thae way our so called expert economists and eployees at the Federal Reserve, try to justify the increase in profits for corporations around the world. How could the actual price of gas continue to go up if corporations such as Chevron is the number 2 profitable company on the fortune 500.How could they possibly make such a large profit if their internal costs continue to rise? No answer for that one you so called expert economist. You refer to the continual rise of oil based on fear and other supply issues. How false that is since we know the prices are based upon decisions that are made at OPEC. If you pulled your head out of your ass and looked at reality, the only reason prices are going up is because of 2 Words.Corporate Greed!!!!!!!!!!!

Joshua of RI 4:12PM May 25, 2011

the gas needs to go back down.. 4.00 and something change its redeckalious.. there is noo reason for the gas to be that much.

alyssa of FL 1:10PM May 17, 2011

Keep Dreaming Rick . . . . . .
Prices will be going up much higher from here not down as the FED is forced to monetize more and more of U.S. Govt. Debt. QE3 or whatever they will call it is just around the corner forllowed by QE4, 5 and 6.
The FED is trapped just like the BOJ in Japan has been for the last 20 years.
Who says we don't repeat our mistakes !

Swiss Genome 9:58PM May 08, 2011

I love to hear all of the excuses for high oil prices, as if there is some magical fairy that determines prices based on supply/demand, global turmoil, etc. There has only been an oversupply of oil/gas futures traders and if they think they can make a dollar here or there, no matter what the economic circumstances are, they will do it. Here is a person in government actually trying to resolve the issue by going at the issues, not the fake issues:
http://video.foxbusiness.com/v/4670102/fraud-manipulation-driving-up-oil-prices
Its an antitrust antifreemarket issue at its core. No general economic recovery until this Wall Street game is stopped.

m of FL 6:56PM May 05, 2011

With our economy in such disarray, now would be a time for Congress as well as the President to implement a price freeze on necessary goods. Food and gas are essential and our economy will only get worst with public confidence yoyo-ing the way it has been. Maybe investors will start investing back with the United States instead of looking to foreign markets that implement such policies.

J. Corredor of CA 5:31PM May 05, 2011