Gas Prices' Earliest-Ever Rise Above $3.50 A Bad Sign For Motorists...

Discussion in 'Politics' started by paulitician, Feb 14, 2012.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year. Analysts say it's likely a sign that pain at the pump will rise to some of the highest levels ever seen later this year.

    In 2008, average gasoline prices had hit inflation-adjusted records nationally by the summer, but they didn't climb above $3.50 a gallon across the U.S. that year until April 21, according to the AAA Fuel Gauge Report. It happened again last year, but not until March 6. But $3.50 a gallon gasoline is already here in 2012, weeks before refineries typically shut down for springtime maintenance, and weeks before the states switch from their less expensive winter blends of gasoline to more complicated and pricier summer blends.

    "This definitely sets the stage, potentially, for much higher prices later this year," said Brian L. Milne, refined fuels editor for Telvent DTN, a commodity information services firm. "There's a chance that the U.S. average tops $4 a gallon by June, with some parts of the country approaching $5 a gallon."

    The average Gas Price at Obama's Inauguration: $1.84 per gallon.

    Gas prices are rising fast. - mcall.com
    » Average Gas Price at Obama
     
  2. GuyPinestra
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    GuyPinestra Senior Member

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    It'll be $6 by the end of summer...
     
  3. paulitician
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    paulitician Platinum Member Supporting Member

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    :eek: Man, that would suck.
     
  4. occupied
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    occupied Gold Member

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    Life would be so much simpler if the president had the control over gas prices people sometimes attribute to them.
     
  5. Luissa
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    Luissa Annoying Customer Supporting Member

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    While the Oil companies make record profits.

    Lets kiss their ass a little bit more, it seems to be really working for us.
     
  6. Trajan
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    Trajan conscientia mille testes

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    they make record profits on volume of sales......hello.

    their profit margin is approx. 9-11%.
     
  7. Luissa
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    Luissa Annoying Customer Supporting Member

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    I feel bad for them.......I really do.
     
  8. Ed Spacer
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    Ed Spacer BANNED

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    No more global market.drill our own oil,kick the chinese off the coast of florida
     
  9. Ed Spacer
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    Ed Spacer BANNED

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    The price of oil is high because OPEC sets it upon mutual agreement to support shitty third world economies.
     
  10. Euro
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    Euro Senior Member

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    It is a result of a failed foreign policy. US has a trade embargo with both Cuba and Iran, large supliers of oil. The oil price rised after the trade block with iran.

    The solution is to remove those embargos and open for more free trade and free market, that will get the prices down. Trade with Cuba and Iran and prices will go down. Government regulations on who US are to trade with rams the consumers with higher prices.
     

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