Gas Prices hit all-time high

[JBeukema]

A man's eyes popped out his head and went "Awoooga!" when they saw his receipt for pumping 13 gallons of gas: $2297.84!

The $2,300 Tank Of Gas

 

[waltky]

Not as long as they can afford to put gas in their gov't. SUV's and let the taxpayers foot the bill...

Fed not sweating high oil prices
March 15, 2011 -- The nation's economic recovery is getting stronger but inflation remains in check, according to the Federal Reserve. The Fed said Tuesday it will remain on its current course of pumping more cash into the economy.

"The economic recovery is on a firmer footing, and overall conditions in the labor market appear to be improving gradually," said the Fed in one of its most bullish statements in years. The central bank acknowledged there have been significant increases in commodity prices such as oil since its last meeting, but added that it believes underlying inflation pressures remain subdued.

The Fed said it will continue its plans to buy up to $600 billion in long-term Treasuries through the end of June in an effort to spur stronger economic growth. That policy, known as quantitative easing or QE2 for short since it is the second round of bond buying, has come under criticism by economists worried about inflation.

But the Fed said it doesn't believe that the oil price increases are a concern it should address since it thinks the supply concerns, sparked by turmoil in the Middle East, will prove to be "transitory." But despite higher inflation readings as of late, the Fed said "measures of underlying inflation continue to be somewhat low" -- suggesting the Fed is still more worried about the risk of weak prices.

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[Midnight Marauder]

Al Gore's dream is coming true, just 13 years late and not the way he envisioned it.

 

[The T]

Al Gore's dream is coming true, just 13 years late and not the way he envisioned it.

And NOT for the reason he envisioned either.

 

[The T]

And thank you President Obama...well done!

 

[kaz]

And thank you President Obama...well done!

Dude, please. Gas prices are only the President's fault when the President is a Republican. Don't you know anything? Geez...