Price of gas hits August record

Discussion in 'Economy' started by Nova78, Aug 23, 2012.

  1. Nova78
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    Nova78 Silver Member

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    Price of gas hits August record - CBS News

    U.S. drivers paid an average of $3.72 per gallon on Monday. That's the highest price ever on this date, according to auto club AAA, a shade above the $3.717 average on Aug. 20, 2008. A year ago, the average was $3.578.

    More daily records are likely over the next few weeks. The national average could increase to $3.75 per gallon by Labor Day, said Tom Kloza, chief oil analyst at Oil Price Information Service. By comparison, gas prices stayed below $3.70 in late August and early September in both 2008 and 2011.

    Thank god the private sector is doing just fine......:clap2:
     
  2. Rozman
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    Rozman Gold Member Supporting Member

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    And no one is ragging on Obama???
    How is that even possible...

    Oh that's right....liberal controlled media.
    That "splains" it.
     
  3. uscitizen
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    uscitizen Senior Member

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    How do you expect the economy to grow unless we pay more for stuff we already buy?
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    Obama doesn't need to be the fall guy. We have the petroleum industry for that, and it's exactly how He wants it.
     
  5. expat_panama
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    expat_panama Silver Member

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    Gasoline prices are about where they were in mid 2008--
    [​IMG]
    --back when the prices were unacceptably high with women and minorities hit worst and it was all Bush's fault. If McCain had replied with your question, would you have said he was being reasonable?
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Maybe Obama needs to have private equity guys build more refineries?
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Back to "Bush's Fault!!" Level, right?
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    So remind us again what is so tragic about $3.72 gasoline.

    And while you're at it let's hear about that $2.00 loaf of bread, $120 pair of shoes, $4.00 bottle of shampoo, etc. etc....
     
  9. expat_panama
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    expat_panama Silver Member

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    LOL! That's something that I was never able to follow with the extreme left, how on the one hand Bush was supposedly so stupid, and at the same time he was --
    [​IMG]
    --able to do EVERYTHING.


    Note the lever on the left "GAS PRICES".
     
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  10. Nova78
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    Nova78 Silver Member

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    Obama administration vows inaction on rising gas prices

    Finally, after weeks of historically high seasonal gas prices that are squeezing the budgets of millions of Americans, the Obama administration has provided its answer about the fuel's future and relief.

    Energy Secy. Stephen Chu was asked in a House hearing if "the overall goal (of President Obama) is to get our price lower?"

    Chu replied, "No."He added, "The overall goal is to decrease our dependency on oil."

    Actually, Chu let the administration's real agenda out of the bag back in December of 2008, hours after being named Energy secretary. Raise gas prices high enough to make expensive alternatives seem a more reasonable expense.

    "Somehow," Chu told the Wall Street Journal, "we have to figure out how to boost the price of gasoline to the levels in Europe." That unpolitical but revealing quote has haunted this White House ever since.

    While this Democrat president can't make many claims to genuine achievement in the first 1,136 days of his presidency, he has made impressive progress in raising the price of gasoline for American drivers more than halfway to Europe's $8-$9 a gallon level. Gas was $1.84 a gallon way back when Aretha Franklin's huge hat sang in the Obama administration.
     

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