WN: Gasoline up 100% under Obama - Washington Times

[hr.jr.]

Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58.

The summer before Obama was elected, gas was over 4 dollars a gallon.

Gas prices dropped because people quit driving. The pain at the pump was being felt by the distributors, not the consumer. If we want the gas prices to drop again, we need to quit buying it.

I thought the gas prices dropped because demand in China and India went way down.

From Oct. 2008.

"Slowdown in economic growth is contributing to the recent decline in oil demand and the sharp decline in prices since July," EIA said earlier this month.

In the U.S.:

[hr.jr.]

Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58.

The summer before Obama was elected, gas was over 4 dollars a gallon.

Gas prices dropped because people quit driving. The pain at the pump was being felt by the distributors, not the consumer. If we want the gas prices to drop again, we need to quit buying it.

It will actually cause a price increase.

If you have a product that no one is buying, what are you going to do to get it out the door? If your product sells for X amount of dollars and no one's buying it, jacking the price isn't going to make it more desirable.

I really do not have a choice when I buy gas and diesel. I use $3000+ per month. Bought $1176 worth yesterday. I buy most of it straight from the distributor and he is not going to change which day his truck runs to make me happy.

$36,000 on a policemans salary, that's pretty good.

Kudos.

How many police officers do you know that only work law enforcement for a living? Most of us do the L.E. for the for the retirement and something else for the money. My other line of work involves Caterpillar equipment that is very thirsty for diesel fuel and trucks to move it that are a bit thirsty themselves. There are days I can blow through 120 gallons of diesel on one piece of equipment. You waste 3 to 4 gallons warming a piece of equipment up in the winter time. Some days we have a mandatory class at the P.D. and I show up covered in diesel fuel and dirt. Leave, and go jump right back on equipment. I get off it, take a shower, and jump in a patrol car.

[hr.jr.]

To state that Obama has nothing whatsoever to do with the price of Gasoline in this Nation while he works in complete opposition to energy exploration and generation in this Nation is a complete oxymoron. The speculation is being driven by obviously bad policy.

Remain asleep if you wish but please don't spread manure where there is no garden.

Can anyone say Jimmy Carter? I still remember the last time these failed leftist energy policies crippled this Nation with stagflation. Only this time they are being done deliberately, IMO. Jimmy Carter was just naive. Barack Obama is a different animal alltogether.

Oil Futures Speculation, like anything else in the free market, is driven by the profit motive. Blaming the energy policies of Obama, as opposed the combined effect to Afghanistan, Iraq, The Revolution(s) happening in the Middle East, Conflict between Israel and Arab Countries, Environmental disasters like the Gulf Oil Spill... Those have a immense amounts more to do with speculation, in light of human greed, where people make tens of thousands of dollars, and Financial Institutions make Millions.

Obama has nothing to gain by driving Gas prices up.. People with immense amounts of money and greed, who can actually affect these things, do.

Obama's enviornmentalism has driven oil prices up.

[Guest LadyC]

Yes, but when Bush was president, that's all we heard - how it was all Bush's fault.

Oil prices period have more to do with people in the financial sector getting rich of speculation and Oil Futures than it does the actual Supply and Demand of Oil.

The Law of Supply and Demand goes out the window when speculation as to whether a commodity will actually be able to be provided consumes peoples minds, rather than logically looking at the actual supply and demand of something. It hurts people at the pump, but if someone makes tens, or hundreds of thousands, or a Corporation makes millions off of trading futures, what do they care?

I know. It just rubs me wrong that when Bush was president, "it was all Bush's fault."

Now, nothing is Obama's fault.

Oy!

isn't it sickening? i hate hypocrisy. but i'm not gonna stoop to their level. some things just happen in spite of it all. but yeah, where's the left now, and why aren't they questioning his ties to the countries that supply oil?

[Burning_Ember]

Obama's enviornmentalism has driven oil prices up.

To some small extent, sure. Oil is at about $108-$109 now. The record price is about $147 was in July 2008.

Source.

If Obama is bad for the price of Oil... He wasn't as bad as the speculation that caused $147 Oil when he wasn't President.

[nebula]

To some small extent, sure. Oil is at about $108-$109 now. The record price is about $147 was in July 2008.

But for some odd reason the prices at the pump were not as high then as they are now.

[hr.jr.]

Obama's enviornmentalism has driven oil prices up.

To some small extent, sure. Oil is at about $108-$109 now. The record price is about $147 was in July 2008.

Source.

If Obama is bad for the price of Oil... He wasn't as bad as the speculation that caused $147 Oil when he wasn't President.

THose prices were mainly due to China's exploding demand and a decision by OPEC to cut production.

[Burning_Ember]

To some small extent, sure. Oil is at about $108-$109 now. The record price is about $147 was in July 2008.

But for some odd reason the prices at the pump were not as high then as they are now.

Probably because Governments in the Middle East are going up in flames right now.

[MorningGlory]

OR.....it could be none of the above. There is NO shortage of oil! It's not Bush's fault, Obama's fault or even the Saudis' fault. The big oil companies are investing their record profits everywhere but here in the U.S. That's why we have this problem......

http://www.bloggingstocks.com/2011/04/01/oil-glut-at-cushing-oklahoma-could-last-two-years/

[hr.jr.]

OR.....it could be none of the above. There is NO shortage of oil! It's not Bush's fault, Obama's fault or even the Saudis' fault. The big oil companies are investing their record profits everywhere but here in the U.S. That's why we have this problem......

http://www.bloggingstocks.com/2011/04/01/oil-glut-at-cushing-oklahoma-could-last-two-years/

As bad as I would love to, I really can't fault the oil companies. They are compainies, not charities. Their profits are huge but their margins are quite small compared to most other fortune 500 companies. I fault the government. If they would lax the enviornmental requirements for new refineries, new oil companies could start up and we could see a true competitive market.