$3.75

[Flopper]

Barry will get the blame just as he would get the kudos if gas were 19 cents a gallon.

The president of the United States, regardless of who he is can do little about the international price of oil. Drilling more wells does not necessary mean low gas prices in the US. Oil is sold on an international market. In 2011, the US exported more oil than it imported.

More drilling means more supply, means lower prices. That's Econ 101, no? And we export refined oil and gasoline, we do not export crude oil, at least not more than we import.

The problem is we can not flood the world with oil and drive down prices regardless how much public land is leased for oil production. 92% of the world's oil production comes from abroad, a third from the Arab league and that's not likely to change much because the cost of production in the US is too high. Oil can be produced in Arab states for $1 to $2 a barrel far cheaper than in the US. Much of the new oil in the US can only be produced by drilling more expensive deep wells or using more expensive methods such as shale extraction. Increased US oil production can lower the price, but not by much. And if the US produces significantly more oil, OPEC is likely to cut production to stabilize the price.

 

[Big Fitz]

per gallon in my town.. It occurred to me this morning the oil companies might be doing this on purpose to make obama look bad for his anti oil policies.. in that case it would be worth it don'tchyathink?

Kind of like how they dropped prices during the end of 2008 to make McCain look good?

No. W did in July 08 by ending the drilling moratorium.

 

[TruthSeeker56]

Considering it has to go through before it reaches the pump, we should be grateful gas doesn't cost a whole lot more than it does.

A gallon of milk costs about the same and that's a renewable resource that's a whole lot easier to produce.

So quit your whining. If you don't like the price of gasoline, don't drive your car.

I'm sure you were saying the same thing when gas was over $4.00 a gallon and BUSH was the President. Right? Or are you just another leftist hypocrite.

 

[Wiseacre]

The president of the United States, regardless of who he is can do little about the international price of oil. Drilling more wells does not necessary mean low gas prices in the US. Oil is sold on an international market. In 2011, the US exported more oil than it imported.

More drilling means more supply, means lower prices. That's Econ 101, no? And we export refined oil and gasoline, we do not export crude oil, at least not more than we import.

The problem is we can not flood the world with oil and drive down prices regardless how much public land is leased for oil production. 92% of the world's oil production comes from abroad, a third from the Arab league and that's not likely to change much because the cost of production in the US is too high. Oil can be produced in Arab states for $1 to $2 a barrel far cheaper than in the US. Much of the new oil in the US can only be produced by drilling more expensive deep wells or using more expensive methods such as shale extraction. Increased US oil production can lower the price, but not by much. And if the US produces significantly more oil, OPEC is likely to cut production to stabilize the price.

Which is why we should've started drilling in ANWAR and other places a long time ago so we'd be energy independent by now.

 

[Moonglow]

Do like thay did in the later '70's early '80's, use natural gas instead of gasoline.

 

[uscitizen]

Wasn't it Reagan who changed it so you had to file on your income taxes to get your gas taxes back for off road use?

I remember having a separate pump for off road gas with NO tax on it.

 

[Flopper]

More drilling means more supply, means lower prices. That's Econ 101, no? And we export refined oil and gasoline, we do not export crude oil, at least not more than we import.

The problem is we can not flood the world with oil and drive down prices regardless how much public land is leased for oil production. 92% of the world's oil production comes from abroad, a third from the Arab league and that's not likely to change much because the cost of production in the US is too high. Oil can be produced in Arab states for $1 to $2 a barrel far cheaper than in the US. Much of the new oil in the US can only be produced by drilling more expensive deep wells or using more expensive methods such as shale extraction. Increased US oil production can lower the price, but not by much. And if the US produces significantly more oil, OPEC is likely to cut production to stabilize the price.

Which is why we should've started drilling in ANWAR and other places a long time ago so we'd be energy independent by now.

It is the supply vs. demand international that determines the price of oil in the US. Much of the huge oil production from Alaska is going to Japan and other far eastern states, while Alaska suffers from some of the highest gas prices in the nation. As long as oil can be freely traded across borders, energy independence does not guarantee low gas prices.

 

[strollingbones]

sunday it was 3.69 ...and get this someone stole my credit card number when i used it at the shell station.....

 

[WillowTree]

sunday it was 3.69 ...and get this someone stole my credit card number when i used it at the shell station.....

sorry to hear that. always pay with cash.

 

[Wiseacre]

The problem is we can not flood the world with oil and drive down prices regardless how much public land is leased for oil production. 92% of the world's oil production comes from abroad, a third from the Arab league and that's not likely to change much because the cost of production in the US is too high. Oil can be produced in Arab states for $1 to $2 a barrel far cheaper than in the US. Much of the new oil in the US can only be produced by drilling more expensive deep wells or using more expensive methods such as shale extraction. Increased US oil production can lower the price, but not by much. And if the US produces significantly more oil, OPEC is likely to cut production to stabilize the price.

Which is why we should've started drilling in ANWAR and other places a long time ago so we'd be energy independent by now.

It is the supply vs. demand international that determines the price of oil in the US. Much of the huge oil production from Alaska is going to Japan and other far eastern states, while Alaska suffers from some of the highest gas prices in the nation. As long as oil can be freely traded across borders, energy independence does not guarantee low gas prices.

Oil is not traded freely across borders though, is it? OPEC? The guys that set the price to whatever they want it to be and control the supply? You really think foreign oil from the middle east is cheaper than domestic, after you add in the shipping costs?

What guarantees low gas prices is greater supply, regardless of where it comes from, but if we harvest our own we are not subject to vagaries of our enemies.

 

[rightwinger]

Which is why we should've started drilling in ANWAR and other places a long time ago so we'd be energy independent by now.

It is the supply vs. demand international that determines the price of oil in the US. Much of the huge oil production from Alaska is going to Japan and other far eastern states, while Alaska suffers from some of the highest gas prices in the nation. As long as oil can be freely traded across borders, energy independence does not guarantee low gas prices.

Oil is not traded freely across borders though, is it? OPEC? The guys that set the price to whatever they want it to be and control the supply? You really think foreign oil from the middle east is cheaper than domestic, after you add in the shipping costs?

What guarantees low gas prices is greater supply, regardless of where it comes from, but if we harvest our own we are not subject to vagaries of our enemies.

Same goes for conservation, alternative fuels and renewable energy sources

 

[candycorn]

Barry will get the blame just as he would get the kudos if gas were 19 cents a gallon.

As it always has been.

 

[candycorn]

Which is why we should've started drilling in ANWAR and other places a long time ago so we'd be energy independent by now.

It is the supply vs. demand international that determines the price of oil in the US. Much of the huge oil production from Alaska is going to Japan and other far eastern states, while Alaska suffers from some of the highest gas prices in the nation. As long as oil can be freely traded across borders, energy independence does not guarantee low gas prices.

Oil is not traded freely across borders though, is it? OPEC? The guys that set the price to whatever they want it to be and control the supply? You really think foreign oil from the middle east is cheaper than domestic, after you add in the shipping costs?

What guarantees low gas prices is greater supply, regardless of where it comes from, but if we harvest our own we are not subject to vagaries of our enemies.

Sure we would be. Except only as exporters. If our production loop were closed, that would be a correct assumption to make. However, few production loops are closed any longer.

 

[Big Black Dog]

I just filled up. It's $3.80 in Mount Morris, IL. It goes up every day. Funny thing... When Bush was President all you heard was bitching about the high cost of gas. Doesn't seem to be very much noise about gas these days. I think that's the difference between Bush and Obama. If you bitch about high gas, you'll get labeled a "racist".

 

[Wiseacre]

Barry will get the blame just as he would get the kudos if gas were 19 cents a gallon.

As it always has been.

I recall that Barry wasn't too shy about blaming Bush for the high price of gas back when he was a candidate. Obama has been about as anti-fossil fuel as he could get away with, his admin's stated goal was to raise gas prices to be more in line with Europe so we would use less of it. Doesn't matter to him how much hardship he puts on the 'hard-working Americans who are struggling to make ends meet", or how many jobs are lost, but by God we'll be using less of that nasty stuff.

 

[Wiseacre]

It is the supply vs. demand international that determines the price of oil in the US. Much of the huge oil production from Alaska is going to Japan and other far eastern states, while Alaska suffers from some of the highest gas prices in the nation. As long as oil can be freely traded across borders, energy independence does not guarantee low gas prices.

Oil is not traded freely across borders though, is it? OPEC? The guys that set the price to whatever they want it to be and control the supply? You really think foreign oil from the middle east is cheaper than domestic, after you add in the shipping costs?

What guarantees low gas prices is greater supply, regardless of where it comes from, but if we harvest our own we are not subject to vagaries of our enemies.

Sure we would be. Except only as exporters. If our production loop were closed, that would be a correct assumption to make. However, few production loops are closed any longer.

Non Sequitur. In layman's terms, bullshit.

 

[Katzndogz]

Part of the reason gas is so high is because the dollar is becoming worthless. obama just borrowed us into unaffordable everything. Of course if we had increased DOMESTIC oil and refining, it would not be so affected by a worthless dollar.

 

[rightwinger]

I just filled up. It's $3.80 in Mount Morris, IL. It goes up every day. Funny thing... When Bush was President all you heard was bitching about the high cost of gas. Doesn't seem to be very much noise about gas these days. I think that's the difference between Bush and Obama. If you bitch about high gas, you'll get labeled a "racist".

Maybe it is because people have already experienced $4 a gallon gas. When it went to $4 under Bush, most of us had never seen gas above $3. There was a shock value of ....I can't believe gas costs $4!!!!

Now it is still not at $4 and people are saying.......I can't believe it is $4 again


Nothing to do with racism

 

[rightwinger]

Part of the reason gas is so high is because the dollar is becoming worthless. obama just borrowed us into unaffordable everything. Of course if we had increased DOMESTIC oil and refining, it would not be so affected by a worthless dollar.

Yea.......the dollar is worthless and we still have some of the cheapest gas in the industrialized world.

See what they are paying with the Euro or the Yen

 

[Papageorgio]

Remember Pelosi blaming Bush and his energy policies for the high cost of gas, funny how she is now quiet.

Back when they were high under Bush, my mother-in-law being the good liberal blamed Bush and his buddies, now she tells us we need to expect these prices because of the high cost of developing energy alternatives and the cost of getting out oil out of the rock in the Dakota's. LOL!!!! Good little liberals.