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Thread: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Jetboogieman View Post
    I just love how some Conservatives give the President magical powers when they criticize him.

    Can someone please explain to me how Obama has control over a globally traded and priced commodity?

    CNN) -- President Barack Obama and fellow leaders at the Group of Eight meeting he hosted Saturday put job creation and economic growth at the top of their to-do list.

    "(They) must be our top priority. A stable growing European economy is in everybody's best interest, including the United States'," Obama told reporters after the two-day Camp David retreat in Maryland concluded.

    G8 leaders -- from the United States, France, the United Kingdom, Germany, Japan, Italy, Canada and Russia -- issued a declaration detailing their commitment to ensuring adequate energy and dealing with climate change; providing food security and nutrition in Africa; promoting democratic transitions in the Middle East; and supporting political transition in Syria. They reiterated "grave concern" over Iran's nuclear program and the need to ensure an adequate oil supply.....snip~

    G8 leaders tout economic growth, fiscal responsibility - CNN.com

    Coping with shaky oil markets, the leaders set the stage for a united release of world oil reserves to balance any disruption in world markets when tough new sanctions are imposed on Iran's exports because of its disputed nuclear program. The leaders said they were ready to take "appropriate action" to meet any shortages.

    The mere preparation to release oil reserves could help calm markets and ensure that oil prices, which have been dropping, don't climb again and anger consumers as U.S. elections approach.

    G8 Summit 2012: Obama Emphasizes Growth Over Austerity To Tackle World Economic Woes.....snip~

    Post 87 if ya need the links.....do you think having those G8 leaders issuing a declaration and getting a signed and public agreement with them, that in essence he has some sort of control.

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Catawba View Post
    Taxes? We have some of the lowest gas taxes in the world! The speculators don't think world oil supplies are going to keep up with world oil demand in the near future and they are the ones that set the oil prices.
    President Obama has threatened to cripple America's job creators by repealing standard cost recovery tax policies employed by oil and natural gas producers. Raising oil and natural gas producers' taxes by $90 billion would force these employers to delay or scrap future projects—outcomes that can only increase the price of oil.....snip~


    Yes we have some of the lowest taxes in the world and no one disputes this.....but that's not what the issue is. If we have lower taxes which is what you said but does not have to do with the taxes that were applied which you were X-staticly Cheerleading those taxes being put on the Rich.

    The issue is YOUR MAN Obama repealing those recovery tax policies. As well as all his new regulations and that issue about Iran. Which like was stated the speculators already knew that the G8 would keep their reserves open so that they would cover the difference from Iran.

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Catawba View Post
    I showed you why from historical records and you ignored it:
    I didn't ignore it.....it was you that used this chart to say this.

    Why the increase in gas prices?

    See the increase in world oil prices below:





    Which this chart doesn't show the current reality with Iran nor why prices have gone up 51 cents in the last two month. Nor does it mention anything about Regulations implemented by the Obama Administration.

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by MMC View Post
    Don't worry NY is making up the difference with Cigarettes at 12 dollars a pack.

    I pay 70 cents (and a little elbow grease) per pack, for cigarettes
    .
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Catawba View Post
    It appears your own red font has blinded you to historic fact:
    Btw the Font is Burgandy, not red.....and your Historic Facts doesn't include the last set of Sanctions on Iran nor the more current ones that Obama placed on them. Nor those taxes he and his team imposed.

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Catawba View Post
    Hell of a deal!!!

    "NEW YORK (CNN/Money) � Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. Drivers in some European cities, like Amsterdam and Oslo, are paying nearly 3 times more than those in the U.S.

    The main factor in price disparities between countries is government policy, according to AirInc, a company that tracks the cost of living in various places around the world. Many European nations tax gasoline heavily, with taxes making up as much as 75 percent of the cost of a gallon of gasoline, said a spokesperson for AirInc.

    In a few Latin America and Middle-East nations, such as Venezuela and Saudi Arabia, oil is produced by a government-owned company and local gasoline prices are kept low as a benefit to the nation's citizens, he said."

    CNN/Money: Global gas prices

    Here is where you came in talking about a Hell of a Deal......Notice what you deflected with concerning whether our gas prices were lower than other countries. Yet no one in this thread said anywhere. That our prices were higher than other countries. But your Link does validate that Right now Under Team Obama we have hit Record highs.

    Also you say NICE deal.....Right? Yet the cost will continue to rise, then Triple A says this.....

    The timing couldn’t be worse, either, as a spokesperson for AAA pointed out:

    This is the most expensive we’ve seen gasoline in the dead of winter,” which is ususally a time of relatively low consumption, said John Townsend, a spokesman for AAA Mid-Atlantic. Noting that the increase comes just as the payroll tax cut has expired, Townsend said that “this is a double whammy for many consumers, especially on the East Coast, because many people there use home heating oil. . . . People got that shock to the system and now a shock at the gas pumps.”

    Tuesday marked the 33rd consecutive day of rising gas prices across the U.S, according to a spokesman from the American Automobile Association, marking the longest run of fuel-cost increases since 2011.

    Worse yet, increasing fuel prices are expected to impact the cost of other goods and services, hitting consumers with a second punch.


    Nice deal didn't you say.....maybe for you. But not for the Middle class and the Poor, as well as the rest of us in the Country.

    Best part about it all.....here is the Director from one of your own Sources.

    Yes — The administration has done little to reduce oil prices

    DANIEL SIMMONS, Director of State Affairs at the Institute for Energy Research.....snip~
    Last edited by MMC; 02-21-13 at 09:22 AM.

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    With the interest rates so low, I'm just going to take out a mortgage to fund my gas purchases.

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by OpportunityCost View Post
    Yes, Im sure thats what you think. Commodities traders are confident the lib idiots in DC will choke off supply as much as possible in the US, squeezing prices higher.

    Another factor is refining capacity, we havent built a new refinery in this country in years. Regional supply issues cause a lot of the gas price swings we experience all the time.
    Right, commodities traders probably have no knowledge of world oil prices through history:


    Quote Originally Posted by Catawba View Post
    Why the increase in gas prices?

    See the increase in world oil prices below:



    Oil Is Still the Key to U.S. Economic Future - Seeking Alpha
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Catawba View Post
    Right, commodities traders probably have no knowledge of world oil prices through history:
    So you admit now, that they knew of the G8 and all agreeing to keep their reserves open.

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by MMC View Post
    I didn't ignore it.....it was you that used this chart to say this.

    Why the increase in gas prices?

    See the increase in world oil prices below:





    Which this chart doesn't show the current reality with Iran nor why prices have gone up 51 cents in the last two month. Nor does it mention anything about Regulations implemented by the Obama Administration.

    To the great majority of the world, what the chart shows is the increase in world oil prices since 1998, that only had a significant dip during the great recession, and now that world economies are recovering, the oil prices have resumed the upward direction they have been in since 1998.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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