Gas Prices -- Blame Obama

Discussion in 'Economy' started by Star, Jun 27, 2012.

  1. Star
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    Star Gold Member

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    Gas prices continue downward trend : Front Page - Tampa Bay Newspapers


    By SUZETTE PORTER

    June 26, 2012




    The national average price of regular gasoline has dropped 41 cents since April 2, according to the U.S. Energy Information Administration’s This Week in Petroleum June 20 report.

    And prices are continuing to fall.

    The average price per gallon as of June 26 was $3.40 – down 10 cents from last week, 24 cents from last month and 17 cents from a year ago, according to AAA’s Fuel Gauge Report.


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    Media sources reported June 22 that it was possible for gas prices to drop to $3 a gallon by end of October. EIA officials did not speculate on just how low prices might drop this year. However, in its short-term energy outlook released June 12, officials lowered the price forecast for regular gasoline by 19 cents. The EIA now says the average annual price for 2012 should be $3.56 per gallon, compared to $3.53 in 2011. Current projects for 2013 show the price decrease continuing with an annual average price at $3.51 a gallon.

    ✄snip>

     
  2. HUGGY
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    HUGGY I Post Because I Care Supporting Member

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    God Damn Obama... The stupid fuck couldn't even get the price of gas over $6 a gallon like EVERYONE on the right promised..

    Just sayin...:eusa_whistle:
     
  3. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    Because he made all types of promises to OPEC to sell us out after he's re-elected (not that he'll get re-elected).

    Plus, don't forget that Obama and his minions have clearly stated that they want high oil prices to force us to develop green energy. So exactly why are you celebrating what is a failure by his standard?
     
  4. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    It's interesting that the liberal media is touting Obama's ability to get gas down to $3 by the end of October and yet they mocked Gingrich for promising $2.50 a gallon gas.
     
  5. itfitzme
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    itfitzme VIP Member

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    The US imports as much oil from Mexico as it does from Saudi-Arabia. The US imports more oil from Canada than it does Mexico or Saudi Arabia. The US imports more oil from non-Opec countries than it does from Opec countries.
     
  6. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    If that's true then Keystone especially should have happened.
     
  7. Mr. H.
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    Mr. H. Diamond Member

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    I toured a refinery on Tue this week. the guide pointed out 2 new units that were added over the last 5 years at a cost of 30 million $. He said the only way they could stay in business is by increasing the prices to their jobbers (who in turn pass it on to retailers). EPA mandated stuff. Mostly sulphur and other impurities recovery.
     
  8. Intense
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    Intense Senior Member

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    Big change in the Tune of Obama having no control over gas prices, huh. Funny how the whole Economy hinges on gas prices too. Who Knew? Damn. You Guy's are a trip. A bad one, but a trip just the same.
     
  9. Intense
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    Intense Senior Member

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    You think? :lol:
     
  10. percysunshine
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    percysunshine Gold Member

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    Obama promised $10/gallon.

    Can this guy do anything right?
     

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