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(CNN)   Gas prices expected to rise, tanks Obama   (money.cnn.com) divider line 51
    More: Unlikely, Tom Kloza, obama, gas prices, Energy Information Administration  
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1116 clicks; posted to Business » on 06 Feb 2013 at 9:49 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-02-06 08:57:58 AM
Bravo, subby. Bravo.
 
2013-02-06 09:00:46 AM
He's got this little dial under his desk in the oval office that changes the gas price.  WHY would he not LOWER prices?  It would really be great for the economy!  Tanks a lot indeed, 0bummer :(
 
2013-02-06 09:20:47 AM
What's the excuse this time?

Energy analysts say oil prices are rising partly because the economy is improving.

Didn't they say one time that prices were going up because the economy was performing poorly?

OPEC production cuts are also causing oil prices to rise. The cartel is believed to have cut production by about 1 million barrels a day over the last few months, partly as a response to rising oil production elsewhere, notably the United Sates.

So I guess all that natural gas and such that we're fracking in the U.S. won't help us now?
 
2013-02-06 09:54:39 AM
I don't know, maybe it's the for the same reason gas prices almost always go up around the same time of year: refinery turnarounds for switching to summer blends reducing supply coupled with increased demand of caused by people driving more?

Nope, this is all Obama's fault.
 
2013-02-06 09:58:57 AM

max_pooper: I don't know, maybe it's the for the same reason gas prices almost always go up around the same time of year: refinery turnarounds for switching to summer blends reducing supply coupled with increased demand of caused by people driving more?

Nope, this is all Obama's fault.


Or just plain ol'-fashioned greed on the part of energy execs and oil speculators.  That's also something that is clearly Obama's fault.
 
kab
2013-02-06 10:13:31 AM
 Why gas prices are rising

Because fark you, that's why.

/we've gone over this, and the correct answer never ever changes.
 
2013-02-06 10:13:32 AM

Cythraul: Didn't they say one time that prices were going up because the economy was performing poorly?


If you're talking about 2007, the issue was more that the rising gas prices (which were due to increased demand from India and China) was hurting the economy, not the other way around.  When the housing bubble collapsed and took down all those banks the gas prices dropped too.
 
2013-02-06 10:13:56 AM
I blame Bush.
 
2013-02-06 10:14:16 AM
Why can't we blame the President. A bunch of you did when Bush was in the office.
 
2013-02-06 10:41:59 AM

Sagus: Why can't we blame the President. A bunch of you did when Bush was in the office.


Because we're all five years older now?
 
2013-02-06 10:47:56 AM

SomeoneDumb: Sagus: Why can't we blame the President. A bunch of you did when Bush was in the office.


Shhh, you might hurt their delicate feelings.
 
2013-02-06 11:22:21 AM
Gas was $1.79 a gallon when Obongo took office. Now look at the price. If Romney got elected, gas would probably, maybe, almost certainly be cheaper.

Just go to an alternate universe where Romney got elected and you will see this.
 
2013-02-06 11:24:05 AM
Because every time the price gets "too low" the oil companies start shutting down refineries to create scarcity (and profit).
 
2013-02-06 11:37:03 AM

mod3072: I blame Bush.


THIS^
 
2013-02-06 11:46:17 AM
"Expected to rise?" It's already gone up at least 40 cents since the election here.
 
2013-02-06 11:51:11 AM
Stock market goes up, oil prices go up, gas prices go up.

Stock market goes down, oil prices go down, gas prices go down.

It's pretty goddamn simple.
 
2013-02-06 12:27:25 PM

nekom: He's got this little dial under his desk in the oval office that changes the gas price.  WHY would he not LOWER prices?  It would really be great for the economy!  Tanks a lot indeed, 0bummer :(


img692.imageshack.us
 
2013-02-06 12:49:00 PM

kab: Why gas prices are rising

Because fark you, that's why.

/we've gone over this, and the correct answer never ever changes.


We were down to almost $3.00 in Detroit, now we're back up to $3.70. :(
 
2013-02-06 12:56:52 PM
Devaluing the currency through more quantitative easing should help.
 
2013-02-06 01:00:42 PM

Pick: Gas was $1.79 a gallon when Obongo took office. Now look at the price. If Romney got elected, gas would probably, maybe, almost certainly be cheaper.

Just go to an alternate universe where Romney got elected and you will see this.


Romney, hell!  If we had elected Michele Bachmann, gas would be a BUCK-O-FIVE now!  Just like FREEDOM!
 
2013-02-06 01:06:48 PM

MyRandomName: Devaluing the currency through more quantitative easing should help.


No, no. It's because all of the refineries are being closed by the enviroweenies.  That and there isn't enough drilling here and now and paying later.  Also, Keystone XL would have brought prices way down!  Finally, ANWR would make gas cheap, but Obozo wants to save Rudolph the Red-Nose Reindeer.  What a queerosexual.
 
2013-02-06 01:07:24 PM

nekom: He's got this little dial under his desk in the oval office that changes the gas price.  WHY would he not LOWER prices?  It would really be great for the economy!  Tanks a lot indeed, 0bummer :(


So Bush left Obama that little gas price adjustment dial?  That was awfully nice of him.
 
2013-02-06 01:16:52 PM
Here's what people don't seem to be able to grasp.  All these "huge oil fields" that are being discovered here and there can NEVER result in low oil prices.  Since they are all "heavy crude" (tar sands, oil shale, sludge, etc) they cannot be cheaply produced, and no matter how much of it comes online, the prices will remain high.  We're never going to be able to replace the sweet light crude that pours out of the wells in the Middle East.  And the big fields over there are all in decline (and since output follows a Gaussian curve, the decline will shortly accelerate).
 
2013-02-06 01:17:52 PM

Cythraul: Didn't they say one time that prices were going up because the economy was performing poorly?


No, they didn't.  The global downturn, but all accounts, significantly lowered gas prices for a couple of years.
 
2013-02-06 01:19:43 PM

Pick: If Romney got elected, gas would probably, maybe, almost certainly be cheaper.


This is true.  If Romney had been elected, his austerity measures would have destroyed the global economy again and dropped energy demand significantly.
 
2013-02-06 01:34:28 PM
Gas prices go down: Why is Oblunder throwing money at a loser industry like electric cars!?!

Gas prices go up:  Why isn't Obozo doing anything about gas prices!?!
 
2013-02-06 02:31:46 PM

Pick: Gas was $1.79 a gallon when Obongo took office. Now look at the price. If Romney got elected, gas would probably, maybe, almost certainly be cheaper.

Just go to an alternate universe where Romney got elected and you will see this.


God I am so tired of those morons trying to indicate things like this.  But But when Bush was in office gas was lower.  You know when FDR was in office gas was lower too.  Heck when George Washington was in office there was not even a price for Gas! (Other than a little pain and discomfort)  Gas over doubled while Bush was in office.  Also, you dumb hicks stop driving 10-15mpg pickup trucks/SUV's as commuters.
 
2013-02-06 02:48:48 PM

Kazrath: Pick: Gas was $1.79 a gallon when Obongo took office. Now look at the price. If Romney got elected, gas would probably, maybe, almost certainly be cheaper.

Just go to an alternate universe where Romney got elected and you will see this.

God I am so tired of those morons trying to indicate things like this.  But But when Bush was in office gas was lower.  You know when FDR was in office gas was lower too.  Heck when George Washington was in office there was not even a price for Gas! (Other than a little pain and discomfort)  Gas over doubled while Bush was in office.  Also, you dumb hicks stop driving 10-15mpg pickup trucks/SUV's as commuters.


Okay, I LOL'd.
 
2013-02-06 04:09:30 PM
img.photobucket.com
 
2013-02-06 04:16:13 PM

DanZero: [img.photobucket.com image 729x780]


are you saying that i should vote democrat? because that's what is sounds like you're sayin

vote democrat
 
2013-02-06 04:28:14 PM
I bought UGA ETF about a month ago so I am really getting a kick out of these replies...
 
2013-02-06 04:37:51 PM
I am really getting a kick out of this thread as I pass 1000 miles without buying any gas.  Once my carpool lane stickers arrive I will reach maximum smugness.
 
2013-02-06 04:44:15 PM

badLogic: I am really getting a kick out of this thread as I pass 1000 miles without buying any gas.  Once my carpool lane stickers arrive I will reach maximum smugness.


img.photobucket.com
 
2013-02-06 08:41:45 PM
Kazrath sayeth:  Also, you dumb hicks stop driving 10-15mpg pickup trucks/SUV's as commuters.

Sir, I will have you know, that I drive an 18 mpg diesel pickup 19 miles, one way to work every day!
 
2013-02-06 09:24:20 PM
on dec 14 2012, i filled up. $2.97/gallon. same place was $3.43 today.
 
2013-02-06 10:06:01 PM
Prices at my usual gas station jumped 20 cents in less than a week. I watched it go from 3.54 to 3.59 to 3.64 to 3.74 with the last jump happening on the same day.
 
2013-02-07 01:26:24 AM
Well, if you want to have some fun, check out this little website:

Energy Export Databrowser

Then go check out China and India. You can have a lot of fun with it... long story short, Asian countries are consuming more of the oil and places like the US and Europe are getting less. All those Chinese people that suddenly have cars? Guess what, you're competing with them for oil. It's not rocket science. The net effect of tens of millions, heck, hundreds of millions of people moving from bicycles to motorcycles to cars is oil is not going to be cheap, unless it gets so expensive that we're all reduced to all riding bicycles again (the US still consumes much, much more per capita than most countries). This is a long-term trend, and doesn't explain every little rise and fall, but it means you can expect oil to be more expensive over time and not less as the article claims. The rise in US oil production is real but not anywhere near enough to change the trend.

As for the refineries issue: refineries on the East Coast are having trouble because there aren't pipelines giving them direct access to the oil they need. Most of the oil is going to the Gulf Coast, where the oil industry is concentrated and oil production is high (Texas + Gulf offshore).

I encourage you to go play with the databrowser. It will tell you more, and more truthfully, than any of the current news articles. It will also give you a neat clue as to part of Egypt's current issues - they went from making a lot of oil money to using up all their own oil.
 
2013-02-07 02:27:02 AM
I never get this about americans, you'll don't have it so bad,if you consider wages and cost of living gas is much cheaper there than in most parts of the world,so why do you'll act like its end times?

this is from last year,but i don't think its too far off:
http://www.bloomberg.com/slideshow/2012-08-13/highest-cheapest-gas-p ri ces-by-country.html
 
2013-02-07 03:47:55 AM

Hollie Maea: Pick: If Romney got elected, gas would probably, maybe, almost certainly be cheaper.

This is true.  If Romney had been elected, his austerity measures would have destroyed the global economy again and dropped energy demand significantly.


yeah.... cause we all know THATS why gas prices went down because the (blame) Bush economy was bad.  Never mind that they skyrocketed when the economy got worse than it was under Bush....

/ biggest lie being told today.
 
2013-02-07 04:16:37 AM

mtrac: nekom: He's got this little dial under his desk in the oval office that changes the gas price.  WHY would he not LOWER prices?  It would really be great for the economy!  Tanks a lot indeed, 0bummer :(

[img692.imageshack.us image 600x481]


Be sure to keep that and look at it when the next non-Democrat is in office.
 
2013-02-07 04:41:24 AM

Pick: Gas was $1.79 a gallon when Obongo took office. Now look at the price. If Romney got elected, gas would probably, maybe, almost certainly be cheaper.
Just go to an alternate universe where Romney got elected and you will see this.



Like the universe you seem to live in. How are the bubbles there? Nice and shiny?

yawn......this discussion again?

Gas Prices and Political Mythology
by Steve Chapman
September 6, 2012
Reason.com


Five Reasons Gas Price Rise
by Jim Motavalli
3/05/2012
Forbes


Who's to blame for high gas prices?
By Jill Schlesinger
March 12, 2012
MoneyWatch
 
2013-02-07 06:33:53 AM
And now that he doesn't have to worry about re-election, Obama can raise gas prices as high as he wants, laughing maniacally as he visits hospitals just to watch children die from starvation.
 
2013-02-07 08:13:26 AM

Hollie Maea: Cythraul: Didn't they say one time that prices were going up because the economy was performing poorly?

No, they didn't.  The global downturn, but all accounts, significantly lowered gas prices for a couple of years.


Significantly lowered?  Gas prices haven't been significantly low since 1997.
 
2013-02-07 08:59:57 AM

zombat: I never get this about americans, you'll don't have it so bad,if you consider wages and cost of living gas is much cheaper there than in most parts of the world,so why do you'll act like its end times?

this is from last year,but i don't think its too far off:
http://www.bloomberg.com/slideshow/2012-08-13/highest-cheapest-gas-p ri ces-by-country.html



You do realise that all other countries tack on massive taxes on fuel
http://www.afdc.energy.gov/data/#tab/all/data_set/10327
 
2013-02-07 09:09:14 AM

Sagus: zombat: I never get this about americans, you'll don't have it so bad,if you consider wages and cost of living gas is much cheaper there than in most parts of the world,so why do you'll act like its end times?

this is from last year,but i don't think its too far off:
http://www.bloomberg.com/slideshow/2012-08-13/highest-cheapest-gas-p ri ces-by-country.html


You do realise that all other countries tack on massive taxes on fuel
http://www.afdc.energy.gov/data/#tab/all/data_set/10327


ok,so that still means its relatively cheaper in the US.
 
2013-02-07 09:26:21 AM

Cythraul: Hollie Maea: Cythraul: Didn't they say one time that prices were going up because the economy was performing poorly?

No, they didn't.  The global downturn, but all accounts, significantly lowered gas prices for a couple of years.

Significantly lowered?  Gas prices haven't been significantly low since 1997.


This might come as a surprise to you, but we actually record historical information these days so we can just go see what happened instead of just guessing.  I would say a drop from $4.12 to $1.61 should be described as a "significant lowering"

http://www.GasBuddy.com/gb_retail_price_chart.aspx?city1=USA Average&city2=&city3=&crude=n&tme=96&units=us
 
2013-02-07 10:00:30 AM

zombat: Sagus: zombat: I never get this about americans, you'll don't have it so bad,if you consider wages and cost of living gas is much cheaper there than in most parts of the world,so why do you'll act like its end times?

this is from last year,but i don't think its too far off:
http://www.bloomberg.com/slideshow/2012-08-13/highest-cheapest-gas-p ri ces-by-country.html


You do realise that all other countries tack on massive taxes on fuel
http://www.afdc.energy.gov/data/#tab/all/data_set/10327

ok,so that still means its relatively cheaper in the US.


yeah, ok I guess but remove the taxes they pay and they come inline with average U.S. price
 
2013-02-07 12:26:16 PM

zombat: I never get this about americans, you'll don't have it so bad,if you consider wages and cost of living gas is much cheaper there than in most parts of the world,so why do you'll act like its end times?

this is from last year,but i don't think its too far off:
http://www.bloomberg.com/slideshow/2012-08-13/highest-cheapest-gas-p ri ces-by-country.html


Zombat, have you ever lived in America? I take it not. Let me recount my experience in Florida: no public transit from where I lived. The nearest grocery store was a couple miles from my house, and just about everything else was further away. Getting around by bike was both difficult and dangerous, as bike lanes and bike parking did not exist. You could ride on the sidewalk pretty safely, though, as almost nobody used it because it was too farking far to walk anywhere. Add in things like "drive to qualify" or just plain consider the masses of working people who can't afford to live in the city but must drive to work there, and you end up with massive gasoline use.

Basically, what happened in America, especially after WWII, was that all the production capacity that formerly went into tanks and ships ended up in autos. Suburban living became the norm, and highways were very significantly expanded. I don't know if you realize this, but if you DO have a highway in the city, it tends to be hard to get across and often creates a slum on one or both sides. Cities also often lack bike lanes, decent sidewalks, and good transport. There are exceptions, like New York, Boston, and Portland, but for most Americans it is drive or die. Often commutes are fairly long, as in an hour.

And THAT is why Americans complain about gas prices.
 
2013-02-07 02:16:49 PM
Kazrath: Also, you dumb hicks stop driving 10-15mpg pickup trucks/SUV's as commuters.

That's racist.  Bigotry against us van owners.  You should be ashamed of yourself.

/12 miles to the gallon of baby hippy blood
 
2013-02-07 10:16:14 PM
The article concludes that gas prices are expected to top out somewhere between four cents and 54 cents less than last year.

FTA:  Thanks to an oil and gashttp://money.cnn.com/2013/01/14/news/economy/california-oil-boom/in dex .html?iid=EL"> production boom in this country, peak gasoline prices are expected to top out somewhere between $3.50 a gallon and $3.90 a gallon this year, Kloza said. Last year's top price was $3.94 a gallon, set in early April.

Also, average prices for the whole year are expected to be lower:

...Kloza is predicting an average of $3.25 to $3.50 a gallon. That's nice break from http://money.cnn.com/2012/12/31/news/economy/gas-prices/index.html?iid =EL">last year's average of $3.60 -- which caused U.S. motorists to spend a record $479 billion at the pump.

THE EDITOR GIVETH, AND THE EDITOR TAKETH AWAY. BLESSED BE THE NAME OF THE EDITOR!

Damn you, Obama! If the price of gasoline keeps rising at this rate, how will you build enough roads to hold all the new cars? It's a speed-trap!
 
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