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Thread: Gas prices are highest ever for this time of year

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    Gas prices are highest ever for this time of year

    News Headlines

    NEW YORK - 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."
    I just don't get it.

    You build a a new refinery or two, which will directly and indirectly create hundreds of thousands of jobs, and you drive the price down on gasoline, groceries, travel, and everything else. You run that pipleline and you pick up our on- and off-shore drilling production, too

    Basically, Obama has extended the social security tax cut so people get to keep another $40 per month, then gas prices spiral upward so all that and more goes back into the gas tank. What is the point?

    Why we let this go on, while other countries simply pick up the slack and gouge us on the back end, is completely beyond me.

    But I guess the Jedi global-warming mind tricks always work on the weak minded, eh Obi Wan?
    Last edited by Erod; 02-20-12 at 10:57 AM.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Erod View Post
    News Headlines



    I just don't get it.

    You build a a new refinery or two, which will directly and indirectly create hundreds of thousands of jobs, and you drive the price down on gasoline, groceries, travel, and everything else.

    Basically, Obama has extended the social security tax cut so people get to keep another $40 per month, then gas prices spiral upward so all that and more goes back into the gas tank. What is the point?

    Why we let this go on, while other countries simply pick up the slack and gouge us on the back end, is completely beyond me.

    But I guess the Jedi global-warming mind tricks always work on the weak minded, eh Obi Wan?
    This is in part market nerves over Iran.. Brent Crude went to $121 a barrel yesterday.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Erod View Post
    News Headlines

    I just don't get it.

    You build a a new refinery or two, which will directly and indirectly create hundreds of thousands of jobs, and you drive the price down on gasoline, groceries, travel, and everything else.

    Basically, Obama has extended the social security tax cut so people get to keep another $40 per month, then gas prices spiral upward so all that and more goes back into the gas tank. What is the point?

    Why we let this go on, while other countries simply pick up the slack and gouge us on the back end, is completely beyond me.

    But I guess the Jedi global-warming mind tricks always work on the weak minded, eh Obi Wan?
    NEW YORK - 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."
    It's "oppressive?" Depressive? Yes. Oppressive? No.
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    Re: Gas prices are highest ever for this time of year

    The most interesting thing for me isn't the price (we saw almost $4 a gallon in 2008 or 2009...can't remember which), it's the huge disparity in pricing. We drove from Austin to Dallas this Sunday (about 280 miles) and saw prices ranging from 3.59 to 3.39. I don't remember a time in all my years of making that trek when I've ever seen that large a variance in the statewide price.
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    Re: Gas prices are highest ever for this time of year

    It's an election year you see. Before it was Bush's fault, speculators fault and the media calls for an investigation due to claims of corruption between big Oil Bush and the price of gasoline at the pumps. That was then.

    Apparently that only occurs when a President with a (R) next to their names are in office. What you're not getting is the obvious and palpable double standard, driven by the media and organizations like Media Matters. The hypocrisy of our media is so "in your face" it's laughable.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Ockham View Post
    It's an election year you see. Before it was Bush's fault, speculators fault and the media calls for an investigation due to claims of corruption between big Oil Bush and the price of gasoline at the pumps. That was then.

    Apparently that only occurs when a President with a (R) next to their names are in office. What you're not getting is the obvious and palpable double standard, driven by the media and organizations like Media Matters. The hypocrisy of our media is so "in your face" it's laughable.
    Refineries close down twice a year for routine maintenance.. Its that time of year... coupled with nerves over Iraq.....

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by zgoldsmith23 View Post
    It's "oppressive?" Depressive? Yes. Oppressive? No.
    No, it's oppressive. When you feel the added financial pressure from a mandatory commodity, and it starts to make everyday life more difficult to manage, it's oppressive.

    Much like they describe a heat wave as "oppressive heat", making daily life more difficult, only this example offers no guarantee of relief in the coming days.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by sharon View Post
    Refineries close down twice a year for routine maintenance.. Its that time of year... coupled with nerves over Iraq.....
    The vast majority of our oil comes from Canada and elsewhere. Iran has been in this state for over a decade.

    I wonder if Obama, privately, loves this. The enviros want us all peddling bikes anyway.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Erod View Post
    No, it's oppressive. When you feel the added financial pressure from a mandatory commodity, and it starts to make everyday life more difficult to manage, it's oppressive.

    Much like they describe a heat wave as "oppressive heat", making daily life more difficult, only this example offers no guarantee of relief in the coming days.
    It makes life a little more difficult, oh no!!

    It has to do with a combination of Iran, Europe, and a higher demand. If more nations demand a good (that has a limited availability), there is less of that good available and the price is driven upwards.
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Erod View Post
    The vast majority of our oil comes from Canada and elsewhere. Iran has been in this state for over a decade.

    I wonder if Obama, privately, loves this. The enviros want us all peddling bikes anyway.
    Canada's production is rather small.. they still import over a million barrels per day from OPEC and North Sea.

    Why would you think Obama "loves this".. He doesn't control ANY oil companies or exploration and lift costs.

    Iran's production is also quite small and half of it goes to domestic consumption.

    The price of gas isn't really every going down again.

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