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Gas prices are highest ever for this time of year

obvious Child said:
The oil increase during Bush's era was largely due to the the slide of the dollar and large investors and insitutions currency hedging via oil. Uncle Ben and Uncle Bush by loose monetary standards and deliberate fiscal policies pushed the dollar down and down. Exports were up for obvious reasons but a weak comparative dollar cause oil to increase. Right now we have somewhat of that effect but the other economies are in worse shape causing a flow back of money into the US which compenstates. Therefore the argument isn't really valid as the debasing of the dollar isn't happening like it did under Bush. The dollar is gaining strength largely on the back of a weak Euro. In essence we have Greece to thank for why oil isn't being used as a currency hedge.
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Just to note, Uncle Ben has excelerated that policy under Obama.
 
rocket88 said:
Well, Schumer, Pelosi, et al are partisan. That's what they do.

As far as the media goes, when Bush was President was the first time gas went to $3.00. That's news. It's not anymore. Kind of like when the Dow hit 10,000. Then it was news, now it's not.
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And the talk now is that gas will hit $4.00 per Gal. by spring, and possibly $5.00 by Summer. I don't have a crystal ball, but I can almost bet that there won't be 91 stories on it in one week by the MSM. Nor, will the people that were bashing Bush over his time when prices hit what they did will say anything either. Look, Under Bush gas prices did absolutely hit mid $3.00 per gal, and then he made the announcement that he was going to open the Alaskan fields, the OCS off Atlantic, and Pacific, as well as the Gulf, and on that alone, by the time that Obama took office, the price at the pump was $1.86 per gal.

Obama has closed all of that, and strangled any exploration in favor of his alge fueled pipe dreams that cost a half billion a shot and produce a big goose egg. What a leader.


j-mac
 
Erod said:
I just don't get it.
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six-year-gas-trend.gif


Do you notice a trend?
 
j-mac said:
And the talk now is that gas will hit $4.00 per Gal. by spring, and possibly $5.00 by Summer. I don't have a crystal ball, but I can almost bet that there won't be 91 stories on it in one week by the MSM. Nor, will the people that were bashing Bush over his time when prices hit what they did will say anything either. Look, Under Bush gas prices did absolutely hit mid $3.00 per gal, and then he made the announcement that he was going to open the Alaskan fields, the OCS off Atlantic, and Pacific, as well as the Gulf, and on that alone, by the time that Obama took office, the price at the pump was $1.86 per gal.

Obama has closed all of that, and strangled any exploration in favor of his alge fueled pipe dreams that cost a half billion a shot and produce a big goose egg. What a leader.


j-mac
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Gas prices hit over 4 dollars per gallon under Bush and only dropped because the economy collapsed.
 
1Perry said:
What are the odds of a repeat?
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I'd say the odds are 100% given that there is a limited supply and a growing demand.
 
1Perry said:
What are the odds of a repeat?
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That will depend on the election in November. The GOP promises more of the same financial deregulation and supply side economic that brought us this recession.
 
Catawba said:
That will depend on the election in November. The GOP promises more of the same financial deregulation and supply side economic that brought us this recession.
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It stops being cute after the first time.
 
1Perry said:
It stops being cute after the first time.
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You must find the greatest recession since the Great Depression a lot funnier than most!

"Mitt claimed that he could balance the federal budget while: (1) cutting taxes; (2) vastly increasing defense spending; and (3) with NO tax increases.
Mitt Romney Says The Darnedest Things! | Ten Minute Cup

Romney: "And we as a country, need to get rid of Dodd-Frank."

TRANSCRIPT: Fox News Channel & Wall Street Journal Debate in South Carolina | Fox News Insider
 
Dodd Frank institutionalized "too big to fail" which means corporations have no reason to act any different than they ever did. No, far too often your only desire is to be a partisan as opposed to one who would prefer to address the problems no matter where they originate from.
 
Catawba said:
You must find the greatest recession since the Great Depression a lot funnier than most!

"Mitt claimed that he could balance the federal budget while: (1) cutting taxes; (2) vastly increasing defense spending; and (3) with NO tax increases.
Mitt Romney Says The Darnedest Things! | Ten Minute Cup

Romney: "And we as a country, need to get rid of Dodd-Frank."

TRANSCRIPT: Fox News Channel & Wall Street Journal Debate in South Carolina | Fox News Insider
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Yeah, you flatten the tax code, you ease regulatory bruden primarily in the energy sector for coal, get rid of Dodd/Frank, keep the derivative regulations, eliminate bundling issues with mortgages and CDSs--those regulations addressed the actual problem. Last step and you cant skip it, you start entitlement reform. Even if we spend money on nothing else, entitlement spending will bury us in 10 years. Thats one bull we have to grab by the horns.
 
Sheik Yerbuti said:
Gas prices hit over 4 dollars per gallon under Bush and only dropped because the economy collapsed.
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(CNSNews.com) – The average price for one gallon of unleaded gasoline has increased nearly every month since Barack Obama was inaugurated in January 2009. At that time, when George W. Bush was leaving office, the price was $1.78 per gallon. Today, three years and one month later, the average price is $3.64.

In addition, according to the average price data from the U.S. Bureau of Labor Statistics, prices (in nominal dollars: not adjusted for inflation) peaked during Bush’s second term at $4.09 per gallon in July 2008 and then fell to $2.15 in November, when there was an election, and fell further in December 2008 to $1.68 per gallon.

When Bush entered office in January 2001, the price was $1.47 per gallon. (It peaked in Bush’s first term at $2.02, in October 2004.)

Under President Obama, prices have not fallen below $2.05 per gallon since April 2009, and the highest average price, so far, was $3.93 in May 2011.

Gas When Bush Left Office, $1.78 -- Gas Today, $3.64 -- Highest Average Price in Calif., $4.20 | CNSNews.com
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Look, if you are saying that these types of prices at the pump are not just killing the middle class, and poor then you are fooling yourself SY. When a family like mine, (both parents working + 2 adult kids working/collage = $150.00 per week) is expending that much of the household income in gas, then whatever 'recovery' you hope to tout is out the damned window. Vacation? out the window. Eating out? Gone! Movies? Done. Extra spending on fun things? No more.

And it isn't just gas for the cars either. Look, my electric bill doubled over the past year for the same period with a milder winter season, from around $120.00 per month, to this last bill of $243.00 per month. Now I thought that maybe we used more in KWh but I checked that too, and that was actually down by nearly 20%. Now, you tell me why that is? Regulation? Obama attack on coal? I am damned sick of it I can tell ya that. I am being mugged out here, and all for the sacrifice on the alter of a pipe dream of green energy, while we have enough energy under out lands to power our country at current usage for some 250 years, and Obama is intentionally placing it off limits in order to make his green agenda look better. He is stealing our money, stealing our future, and stealing the American dream right in front of our eyes. He has to GO!


j-mac
 
j-mac said:
Look, if you are saying that these types of prices at the pump are not just killing the middle class, and poor then you are fooling yourself SY. When a family like mine, (both parents working + 2 adult kids working/collage = $150.00 per week) is expending that much of the household income in gas, then whatever 'recovery' you hope to tout is out the damned window. Vacation? out the window. Eating out? Gone! Movies? Done. Extra spending on fun things? No more.

And it isn't just gas for the cars either. Look, my electric bill doubled over the past year for the same period with a milder winter season, from around $120.00 per month, to this last bill of $243.00 per month. Now I thought that maybe we used more in KWh but I checked that too, and that was actually down by nearly 20%. Now, you tell me why that is? Regulation? Obama attack on coal? I am damned sick of it I can tell ya that. I am being mugged out here, and all for the sacrifice on the alter of a pipe dream of green energy, while we have enough energy under out lands to power our country at current usage for some 250 years, and Obama is intentionally placing it off limits in order to make his green agenda look better. He is stealing our money, stealing our future, and stealing the American dream right in front of our eyes. He has to GO!


j-mac
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good grief...yes, higher gas prices suck, higher energy prices suck, on this, we can agree...BUT, to put the blame all on Obama is ridiculous...j, you state that we have enough energy to power us at 'current' usage for another 250 years.....are you saying that our population will remain stagnant, will not grow, and that our energy needs will not increase? for the sake of argument, let us say that you are right, and this energy will last a full 250 years, that the estimates of this amount of energy being available for 250 years are correct.....what then? what happens to this country then? when the country is plum screwed for energy alternatives because we could not be bothered to see past the end of our collective nose, and develop alternatives? or, don't you care, because you won't be here?
 
randel said:
good grief...yes, higher gas prices suck, higher energy prices suck, on this, we can agree...BUT, to put the blame all on Obama is ridiculous...j, you state that we have enough energy to power us at 'current' usage for another 250 years.....are you saying that our population will remain stagnant, will not grow, and that our energy needs will not increase? for the sake of argument, let us say that you are right, and this energy will last a full 250 years, that the estimates of this amount of energy being available for 250 years are correct.....what then? what happens to this country then? when the country is plum screwed for energy alternatives because we could not be bothered to see past the end of our collective nose, and develop alternatives? or, don't you care, because you won't be here?
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Then what???? Are you serious??

We've only had functional affordable automobiles a tad over 100 years as of now. You think I'm going to worry about what 8 generations ahead of me is going to do for their energy needs? In 250 years I'm pretty sure alternatives will come about.

Seriously? Then what? LOL Yea, I'm sure liberals are sooooo worried about the world 200 years after they're dead.

That would be like asking the founding fathers how concerned they were about our energy needs back in 1776. They didn't even have cars back then, so who knows what we'll have in 250 years. Technology changes so fast that in 2001 nobody could see the Ipad coming but look how that changed our lives. In 1800 nobody thought people would be driving things called cars by 1920.

C'mon man, worry about today, not 250 years from now. :lamo

And one more thing....that's 250 years at todays currently known energy reserves. Just like the population growth is unknown, so are the unknown and untapped energy reserves. They are finding new fields, some of these fields are tremendous, every day. But being that the MSM doesn't want anyone to know that we are finding huge reserves of gas and oil within our own borders, you don't hear about it. Haynesville shale is estimated to be the largest natural gas field in the 48 contiguous states. Funny how most people who care so much about energy can't even point out the largest natural gas field in the US.

Google "haynesville shale" for more information on just ONE of these recent finds. I'll put it to you this way....people with small plots of land (a dozen acres or so) are becoming millionaires overnight by these oil and gas companies paying them royalties. This was discovered within the last 5 years.....have you heard anything about it?

http://en.wikipedia.org/wiki/Haynesville_Shale
 
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dontworrybehappy said:
And one more thing....that's 250 years at todays currently known energy reserves. Just like the population growth is unknown, so are the unknown and untapped energy reserves. They are finding new fields, some of these fields are tremendous, every day. But being that the MSM doesn't want anyone to know that we are finding huge reserves of gas and oil within our own borders, you don't hear about it. Haynesville shale is estimated to be the largest natural gas field in the 48 contiguous states. Funny how most people who care so much about energy can't even point out the largest natural gas field in the US.
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Population growth is virtually guaranteed, finding new oil fields uncertain. So we'd be banking on an uncertainty to support the livelihood of a certainty. Seems dicey to me. Why not develop alternatives NOW, so at least we know we've got the energy, and when we do find new oil fields, that's just icing on the cake. Oil is too useful to think we'll ever completely stop using it. I could see using oil for the next 250 years to make plastics and other related products, but that'll never happen if we persist in burning it up. Lets not waste it by just burning it away when there's other ways we could get energy that would never run out in next 100,000 years!
 
randel said:
good grief
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Good Grief indeed.

yes, higher gas prices suck, higher energy prices suck, on this, we can agree...
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They don't just suck, they are not just a minor annoyance. They have the potential to force another recession.

BUT, to put the blame all on Obama is ridiculous...j
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Is it now? Tell me randel, who appoints the people that head the agencies that are responsible for the policies that are stifling this sector here in the US? There used to be an old saying that 'the buck stops here'....Obama's would be "It's not my fault".....

you state that we have enough energy to power us at 'current' usage for another 250 years.....
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I state it? Me? No sir. The experts in the fields that are in the know say this.

are you saying that our population will remain stagnant, will not grow, and that our energy needs will not increase?
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No, I don't think I mentioned anything about population trends, (although, given the push by progressives to ramp up abortion, and contraception, it could be that is what they see....Kidding.) I don't think I mentioned anything about future energy needs, but as a starting point assessing the energy now in the ground it is helpful to know where we stand right now is it not?

for the sake of argument, let us say that you are right, and this energy will last a full 250 years, that the estimates of this amount of energy being available for 250 years are correct.....
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Yes

what then? what happens to this country then? when the country is plum screwed for energy alternatives because we could not be bothered to see past the end of our collective nose, and develop alternatives?
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Who the hell has said that? not me. What I am saying is that the experts all agree that a viable replacement for fossil fuels is decades away from being able to replace even a significant portion of our current energy needs. It makes NO sense to look solely at the promise of something that may or may not be viable 25 years into the future, and cut off existing energy NOW! You want to develop alternatives? Great, I am all for that, go man go! But for Christ sake, don't cut off your nose right now. And don't be stupid with our money in doing this development like the boondoggles that Obama has been pouring billions we don't have into these days.

or, don't you care, because you won't be here?
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No, I don't believe that we are under the pressure to solve it in our generation either. We need to start down that road, and do what we can in advancing the ball toward that end, but my God man...Take a look around you right now...How much of the stuff you use is petro based? How much technology in all sectors including Medical is petro based?

Do you really think that pond scum will replace that tomorrow? Next week? Next month? Even next year, or 5 years from now? If the answer is no when you answer yourself truthfully, then let's stop playing games with existing energy procurement and get the pricing levels to a point where this country CAN recover, and not destroy more lives.


j-mac
 
In Ohio, we have 6 coal fired plants being closed between now and September. It represents 12% of total power generation in the area. They decided to close these plants instead of upgrading them to be compliant with tighter EPA rules.

Are they building new, regulation proficient plants? Nope, they are going to run with the lowered capacity and see what happens. First Energy has already stated that rates are going to go up, since they will have to buy power elsewhere.

Is that the President's fault? Yes, it is. He stated it best when he said that he would bankrupt the coal industry, and that yes, electricity rates would necessarily skyrocket with his plans. And if that wasn't bad enough, the President's asinine plan of seeing plug-in cars used more is going to push our already stressed electrical grid.

His idea sounded stupid when he stated it in 2008, and now that its reality, its still stupid.
 
j-mac said:
(CNSNews.com) – The average price for one gallon of unleaded gasoline has increased nearly every month since Barack Obama was inaugurated in January 2009. At that time, when George W. Bush was leaving office, the price was $1.78 per gallon. Today, three years and one month later, the average price is $3.64. [...]
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Man... after reading that, one would have to be very, very stupid to take seriously anything that CNS News has to say :shock:
 
Karl said:
Man... after reading that, one would have to be very, very stupid to take seriously anything that CNS News has to say :shock:
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Really? That's all you got, is "nuh-uh"....? Good one PeeWee.


j-mac
 
j-mac said:
[...] my electric bill doubled over the past year for the same period with a milder winter season, from around $120.00 per month, to this last bill of $243.00 per month. Now I thought that maybe we used more in KWh but I checked that too, and that was actually down by nearly 20%. Now, you tell me why that is? [...]
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Certainly. Assuming all your facts are correct, it is because your rate per KWh increased by 141% (from, say, 12 cents/KWh to 29 cents/KWh).

Why don't you check your electric bills and confirm this for us... otherwise, your claims are certainly faulty. Or is CNS News calculating your bill for you? :lamo
 
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Karl said:
Certainly. Assuming all your facts are correct, it is because your rate per KWh increased by 141% (from, say, 12 cents/KWh to 29 cents/KWh).

Why don't you check your electric bills and confirm this for us... otherwise, your claims are certainly faulty. Or is CNS News calculating your bill for you? :lamo
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Maybe I will at a later time, but just because you are grasping at straws to try and destroy the truth I am posting out there with some stupid standard of verification for you, I don't have to do anything of the sort unless you are going to somehow mitigate my bill for me? So, I'll get to it if I feel like it, until then you can either trust what I am saying for the sake of conversation, or continue to be an annoyance, and rarely worth response.


j-mac
 
Samhain said:
In Ohio, we have 6 coal fired plants being closed between now and September. It represents 12% of total power generation in the area. They decided to close these plants instead of upgrading them to be compliant with tighter EPA rules.

Are they building new, regulation proficient plants? Nope, they are going to run with the lowered capacity and see what happens. First Energy has already stated that rates are going to go up, since they will have to buy power elsewhere.

Is that the President's fault? Yes, it is. He stated it best when he said that he would bankrupt the coal industry, and that yes, electricity rates would necessarily skyrocket with his plans. And if that wasn't bad enough, the President's asinine plan of seeing plug-in cars used more is going to push our already stressed electrical grid.

His idea sounded stupid when he stated it in 2008, and now that its reality, its still stupid.
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Isn't it also part of the plan to replace those coal plants with wind farms and solar plants? They should be building them now to replace the 12% you lost, plus a little more for future demands.
 
Samhain said:
In Ohio, we have 6 coal fired plants being closed between now and September. It represents 12% of total power generation in the area. They decided to close these plants instead of upgrading them to be compliant with tighter EPA rules.

Are they building new, regulation proficient plants? Nope, they are going to run with the lowered capacity and see what happens. First Energy has already stated that rates are going to go up, since they will have to buy power elsewhere.

Is that the President's fault? Yes, it is. He stated it best when he said that he would bankrupt the coal industry, and that yes, electricity rates would necessarily skyrocket with his plans. And if that wasn't bad enough, the President's asinine plan of seeing plug-in cars used more is going to push our already stressed electrical grid.

His idea sounded stupid when he stated it in 2008, and now that its reality, its still stupid.
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These plant are inefficient so when they run they are already costing us extra money. They only are running when the loads are high and excess is needed. Now, closing them really isn't the problem. Making it so hard to replace them is the problem.
 
1Perry said:
These plant are inefficient so when they run they are already costing us extra money. They only are running when the loads are high and excess is needed. Now, closing them really isn't the problem. Making it so hard to replace them is the problem.
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I'll bet a single nuclear plant could replace all of them, and there's plenty of government money available to help with that to help make it easier.
 
EagleAye said:
I'll bet a single nuclear plant could replace all of them, and there's plenty of government money available to help with that to help make it easier.
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I would think that nuclear energy would be profitable.
 
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