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WASHINGTON (AP) — There is no easing of gasoline prices this January like we usually see.
Triple A says both gasoline and crude oil prices are at historic highs for this time of year. It says the national average for regular gas rose four cents a gallon last week to $3.39 -- up 11 cents so far this month.
Triple A says we can thank crude oil prices hovering around $100 a barrel, plus repeal of the ethanol tax credit. Crude oil prices have pushed up from $76 a barrel in October because of increased global demand and optimism about the U.S. economic recovery.
Triple A says analysts believe, and market indicators support, that it will be a tumultuous year for gas prices
That video is a little rediculous.
So I'm not sure where you want to go with this thread LOL..
When Jimmy Carter was president, gasoline soared to $1.00 a gallon. The government solution was to create The Department of Energy. It's main goal was to reduce our dependence on foreign oil.
30+ years after the creation of The Department of Energy, and where are we? Just another huge government bureaucracy that costs the taxpayers money and hasn't accomplished a damn thing.
Motor club and leisure travel organization serving North America, AAA, says analysts believe gasoline prices have gone up due to strained relations between the US and Iran.
Iran has threatened that it would close the Strait of Hormuz , which is just 45 kms wide at its narrowest point and works as a crucial waterway connecting the Persian Gulf to the Gulf of Oman, in the event of a military strike or severe tightening of international sanctions on its oil exports.
The talk of a possible closure is driving up prices, says Kent Moors, Editor of Oil Energy Investor and Author of the new book 'The Vega Factor'.
Source
"Regardless of their publicity campaigns and propaganda efforts, the Americans are incapable of confronting Iranian actions in a number of spheres, including the potential plan [by Iran] to shut down the Strait of Hormuz," Brig. Gen. Massoud Jazayeri, deputy chairman of Joint Chief of Staff of Iran's Armed Forces, said Monday, Iran's state-run Press TV reported. The statement came a day after the Iranian Foreign Ministry confirmed it had received through three different channels a message from the United States on the Islamic Republic's threats to close the Strait of Hormuz.
Foreign Ministry Spokesman Ramin Mehmanparast said Susan Rice, the U.S. ambassador to the United Nations, delivered the message to her Iranian counterpart as well as to the Swiss ambassador to Iran, and Iraqi President Jalal Talabani delivered the same message to Iranian officials. Mehmanparast said Iran is studying the letter and "will respond if necessary." Iran's first vice president, Mohammad-Reza Rahimi, warned in December sanctions against the country's energy sector would prompt Tehran to prevent oil cargoes from passing through the Strait of Hormuz.
The threat came after the United States announced plans to boycott Iran's Central Bank over the country's nuclear program. The U.S. Navy 5th Fleet, based in the Persian Gulf across from Iran in the Sunni-led monarchy of Bahrain, said it would not "tolerate" any disruption to oil passing through the Strait of Hormuz. Iran recently conducted war games near the strait, through which about 15 million barrels of oil pass daily.
Read more: http://www.upi.com/Top_News/World-N...n-of-Hormuz/UPI-60781326777156/#ixzz1jgx4Lcu5
The motto for this election should be:
Fool me once, shame on you; fool me twice, shame on me.
Spiking gasoline prices have nothing to do with the supply of petroleum.
I will remind you that the USA is a net EXPORTER of gasoline.
If you cannot understand why that negates the complain that US corporations aren't drilling enough for new oil souces , then you really aren't qualified to weigh in on the subject of energy policies generally.
The motto for this election should be:
Fool me once, shame on you; fool me twice, shame on me.