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"What does Obama have to do with it?"
"I originally said that I would like to see the price of a gallon of gasoline at $10.00/ gallon, but not this fast" (And especially now that I'm running for re election)
There's that little two billion dollar loan guarantee at the start of his administration that went to the company Obama 'goombah' and financier George Soros was heavily invested in, Petrobras, which just recently told the US that despite all our previous loan guarantees and soothing words from Obama "We want to be your best customer", they're just gonna sell their stuff to the Chinese.
Then there is the de facto drilling moratorium in the Gulf, one new permit issued each month? Two every six?
Then who can forget the Keystone XL pipeline? What's 20,000 jobs anyway? Do you realize just how high all of those newly employed people, with their increased demand, would push the price of a barrel of oil and consequently, the price of gasoline? Better to have them remaining on the Government dole and not out there increasing the price pressure on a gallon of gas by buying all sorts of new cars, some of them are even likely to be gas guzzlers, new televisions, refigerators, ovens, stoves, moving into new apartments, and Heaven forbid! buying new houses!
You realize that the price of a barrel of oil is set by the futures market, and a lot of that is determined by perception. If you, as a nation, don't exhibit the will to ameliorate the demand side by augmenting the supply side you're sort of subject to the vagaries of the 'Fickle Finger of Fate". Anyway, Obama's 'goombah' Georgie ought to have all of this gas price pressure thing all settled out come election time, anyway. All he's got to do is unload a couple thousand WTI or Brent North Sea Crude futures contracts onto the market below the strike price before the election and everything will be all cool for Barry. Georgies done all this before, like in 2008 when he tried to drive the price of oil to the Moon in order to help Barry first get elected.
It ain't just Media Matters that's all on board to get Obama re elected.
Obomination: Gas Prices Rise To $4 In Los Angeles...
What's this got to do with Obama?
cool... another mentally ill obama deranged thread.
Give us something substantiveNews from The Associated PressNEW YORK (AP) -- Gasoline prices have never been higher this time of the year.
At $3.53 a gallon, prices are already up 25 cents since Jan. 1. And experts say they could reach a record $4.25 a gallon by late April.
"You're going to see a lot more staycations this year," says Michael Lynch, president of Strategic Energy & Economic Research. "When the price gets anywhere near $4, you really see people react."
Already, W. Howard Coudle, a retired machinist from Crestwood, Mo., has seen his monthly gasoline bill rise to $80 from about $60 in December. The closest service station is selling regular for $3.39 per gallon, the highest he's ever seen.
"I guess we're going to have to drive less, consolidate all our errands into one trip," Coudle says. "It's just oppressive."
The surge in gas prices follows an increase in the price of oil.
Oil around the world is priced differently. Brent crude from the North Sea is a proxy for the foreign oil that's imported by U.S. refineries and turned into gasoline and other fuels. Its price has risen 11 percent so far this year, to around $119 a barrel, because of tensions with Iran, a cold snap in Europe and rising demand from developing nations. West Texas Intermediate, used to price oil produced in the U.S., is up 4 percent to around $103 a barrel. That's 19 percent higher than a year earlier.
Higher gas prices could hurt consumer spending and curtail the recent improvement in the U.S. economy.
A 25-cent jump in gasoline prices, if sustained over a year, would cost the economy about $35 billion. That's only 0.2 percent of the total U.S. economy, but economists say it's a meaningful amount, especially at a time when growth is only so-so. The economy grew 2.8 percent in the fourth quarter, a rate considered modest following a recession.
To illustrate the rapid rise of gas prices, I bought gas at 10:30 am this morning. At 1:30 pm I had passed by that same station. The price had risen by 3 cents to $3.72.Just in time for Presidents Day: get ready for the long holiday weekend's highest prices ever in Southern California as $4 gasoline is expected to arrive in Los Angeles, Long Beach, and probably Orange County, too.
That's what energy analysts are predicting as the average price of a gallon of gasoline in the Los Angeles-Long Beach area reached $3.996 a gallon overnight, up nearly 2 cents since Thursday. That was also a jump of 15.9 cents a gallon since last week.
That's according to the AAA Fuel Gauge Report, a daily record of credit card receipts compiled from more than 100,000 service stations around the U.S. by the Oil Price Information Service in New Jersey and by Wright Express.
Not far behind the L.A. area: San Diego is also on the brink at $3.992 a gallon, up 16.2 cents since last week, according to the report. Orange County was also on the cusp, rising 16.2 cents a gallon in the past week to an average of $3.989 a gallon...
California's average stands at $3.956 a gallon, which is also a record for Feb. 17, breaking the old mark set last year by a whopping 45.3 cents a gallon.
$4 a gallon gasoline likely to hit L.A. this weekend - latimes.com
DRUDGE REPORT 2012®
What's this got to do with Obama?
Not a damn thing.OPECS board controls oil prices,which dictates gas prices,fluctuant on whatever state taxes are applied dependant on where you live.
cool... another mentally ill obama deranged thread.
cool... another mentally ill obama deranged thread.
Cool another I love Obama post. Defend Obama at all costs
News from The Associated PressNEW YORK (AP) -- Gasoline prices have never been higher this time of the year.
At $3.53 a gallon, prices are already up 25 cents since Jan. 1. And experts say they could reach a record $4.25 a gallon by late April.
"You're going to see a lot more staycations this year," says Michael Lynch, president of Strategic Energy & Economic Research. "When the price gets anywhere near $4, you really see people react."
Already, W. Howard Coudle, a retired machinist from Crestwood, Mo., has seen his monthly gasoline bill rise to $80 from about $60 in December. The closest service station is selling regular for $3.39 per gallon, the highest he's ever seen.
"I guess we're going to have to drive less, consolidate all our errands into one trip," Coudle says. "It's just oppressive."
The surge in gas prices follows an increase in the price of oil.
Oil around the world is priced differently. Brent crude from the North Sea is a proxy for the foreign oil that's imported by U.S. refineries and turned into gasoline and other fuels. Its price has risen 11 percent so far this year, to around $119 a barrel, because of tensions with Iran, a cold snap in Europe and rising demand from developing nations. West Texas Intermediate, used to price oil produced in the U.S., is up 4 percent to around $103 a barrel. That's 19 percent higher than a year earlier.
Higher gas prices could hurt consumer spending and curtail the recent improvement in the U.S. economy.
A 25-cent jump in gasoline prices, if sustained over a year, would cost the economy about $35 billion. That's only 0.2 percent of the total U.S. economy, but economists say it's a meaningful amount, especially at a time when growth is only so-so. The economy grew 2.8 percent in the fourth quarter, a rate considered modest following a recession.
Just in time for Presidents Day: get ready for the long holiday weekend's highest prices ever in Southern California as $4 gasoline is expected to arrive in Los Angeles, Long Beach, and probably Orange County, too.
That's what energy analysts are predicting as the average price of a gallon of gasoline in the Los Angeles-Long Beach area reached $3.996 a gallon overnight, up nearly 2 cents since Thursday. That was also a jump of 15.9 cents a gallon since last week.
That's according to the AAA Fuel Gauge Report, a daily record of credit card receipts compiled from more than 100,000 service stations around the U.S. by the Oil Price Information Service in New Jersey and by Wright Express.
Not far behind the L.A. area: San Diego is also on the brink at $3.992 a gallon, up 16.2 cents since last week, according to the report. Orange County was also on the cusp, rising 16.2 cents a gallon in the past week to an average of $3.989 a gallon...
California's average stands at $3.956 a gallon, which is also a record for Feb. 17, breaking the old mark set last year by a whopping 45.3 cents a gallon.
$4 a gallon gasoline likely to hit L.A. this weekend - latimes.com
DRUDGE REPORT 2012®
I've been living in Los Angeles for 12 years and can say with certainty that we had higher prices under Bush than we do now.
What's this got to do with Obama?
What's this got to do with Obama?
Every fucking thing.
Just in time for Presidents Day: get ready for the long holiday weekend's highest prices ever in Southern California as $4 gasoline is expected to arrive in Los Angeles, Long Beach, and probably Orange County, too.
That's what energy analysts are predicting as the average price of a gallon of gasoline in the Los Angeles-Long Beach area reached $3.996 a gallon overnight, up nearly 2 cents since Thursday. That was also a jump of 15.9 cents a gallon since last week.
That's according to the AAA Fuel Gauge Report, a daily record of credit card receipts compiled from more than 100,000 service stations around the U.S. by the Oil Price Information Service in New Jersey and by Wright Express.
Not far behind the L.A. area: San Diego is also on the brink at $3.992 a gallon, up 16.2 cents since last week, according to the report. Orange County was also on the cusp, rising 16.2 cents a gallon in the past week to an average of $3.989 a gallon...
California's average stands at $3.956 a gallon, which is also a record for Feb. 17, breaking the old mark set last year by a whopping 45.3 cents a gallon.
$4 a gallon gasoline likely to hit L.A. this weekend - latimes.com
DRUDGE REPORT 2012®
Maybe the prices are up because global demand is up?
Just in time for Presidents Day: get ready for the long holiday weekend's highest prices ever in Southern California as $4 gasoline is expected to arrive in Los Angeles, Long Beach, and probably Orange County, too.
That's what energy analysts are predicting as the average price of a gallon of gasoline in the Los Angeles-Long Beach area reached $3.996 a gallon overnight, up nearly 2 cents since Thursday. That was also a jump of 15.9 cents a gallon since last week.
That's according to the AAA Fuel Gauge Report, a daily record of credit card receipts compiled from more than 100,000 service stations around the U.S. by the Oil Price Information Service in New Jersey and by Wright Express.
Not far behind the L.A. area: San Diego is also on the brink at $3.992 a gallon, up 16.2 cents since last week, according to the report. Orange County was also on the cusp, rising 16.2 cents a gallon in the past week to an average of $3.989 a gallon...
California's average stands at $3.956 a gallon, which is also a record for Feb. 17, breaking the old mark set last year by a whopping 45.3 cents a gallon.
$4 a gallon gasoline likely to hit L.A. this weekend - latimes.com
DRUDGE REPORT 2012®
How is that Obama's fault? What about "the fwee markwet"?
Just in time for Presidents Day: get ready for the long holiday weekend's highest prices ever in Southern California as $4 gasoline is expected to arrive in Los Angeles, Long Beach, and probably Orange County, too.
That's what energy analysts are predicting as the average price of a gallon of gasoline in the Los Angeles-Long Beach area reached $3.996 a gallon overnight, up nearly 2 cents since Thursday. That was also a jump of 15.9 cents a gallon since last week.
That's according to the AAA Fuel Gauge Report, a daily record of credit card receipts compiled from more than 100,000 service stations around the U.S. by the Oil Price Information Service in New Jersey and by Wright Express.
Not far behind the L.A. area: San Diego is also on the brink at $3.992 a gallon, up 16.2 cents since last week, according to the report. Orange County was also on the cusp, rising 16.2 cents a gallon in the past week to an average of $3.989 a gallon...
California's average stands at $3.956 a gallon, which is also a record for Feb. 17, breaking the old mark set last year by a whopping 45.3 cents a gallon.
$4 a gallon gasoline likely to hit L.A. this weekend - latimes.com
DRUDGE REPORT 2012®
How is that Obama's fault? What about "the fwee markwet"?
any fool with eyes and a brain knows obummer is anti fossil fuels and he's all about green.. live with it.
High Food & Gas Prices are really killing average Americans. It's getting worse.
High Food & Gas Prices are really killing average Americans. It's getting worse.
Then they should have strove for above average, glad I did because the food or gas prices don't bother me.
