Paid $1.79 in south Texas yesterday........
When gas goes high....it's Obama's fault....when it is low, oh well, it's something else.
Damn rw will never admit that Obama is a hell of a lot better president than G W Doofus ever was.
So do tell: what were we hearing from the libs when gasoline went so high under Bush? That it certainly wasn't the Presidents fault?
Ray, what action did Bush take that Obama has avoided? (Concerning gasoline prices is the subject)
Bush invaded an oil producing country in the ME. It was a forgone conclusion the oil prices would rise when the invasion happened.
Obama hasnt done that.
Thats how I blame Bush for the gas price increases and dont give Obama credit for dropping prices.
We got drilled so to speak by the oil companies during the Bush years.
Maybe you recall the record breaking profits posted by oil companies during that period.
Oil companies loved Bush and the invasion of Iraq.
Thats why the neo cons are so ready to invade somewhere that instability will effect crude oil prices.
Oil companies arent making record profits at the present.
Regualr old Americans are currently reaping the rewards of the market. To much supply/to little demand market.
And Republicans hate it when regular people get a benefit while their oil company buddies dont.
So its off to war we go sometime after Obamas gone.
Till then, enjoy. You a truck driver? Your company (or you) are really enjoying these fuel prices. Right?
Not really. You see, during the Bush administration, the EPA passed stringent regulations to make diesel fuel greener. They lowered the sulfur content to 5% and since that time, diesel fuel has averaged a dollar a gallon more over gasoline whereas before, diesel fuel was always cheaper than gasoline.
This is not to mention all the pollution crap trucks have to be equipped with today. Today a new tractor costs around 10 grand more than it did say ten years ago. Why? Because of all the pollution crap the feds made them manufacture the vehicle with. They came up with this new stuff called (DEF) Diesel Emission Fluid. Yes, you see, it's a separate tank that holds DEF and must be filled just like with gasoline. A great added expense to the transportation industry.
As for oil prices, let me explain how that works:
Oil companies don't set the prices for their oil--the commodities market does. They base their investments on the news of fuel at the time. Bush sparked a worldwide economic uplift that caused the price of fuel to increase greatly. The more economic activity, the more fuel consumption. When speculators get news of that consumption, they buy long contracts which drives the price up. Bush had no control of it and neither did the oil companies.
As for your theory that gasoline increased because of the war, take a look at gasoline prices below:
View attachment 56931
The Iraq war started in 2003 during a bad economy. It hovered between $2.00 and $3.00 per gallon until early 2008. That's when there was a lot of economic activity until the housing crash late 2008.
The Iraq war had some minor effects, but it certainly wasn't the reason we hit $4.00 a gallon in mid 2008--five years after the war started.