Whats the excuse for gas prices risi...

Whats the excuse for gas prices rising ?

Posted in the Blue Ridge Forum

Jason

Morganton, GA

#1 Feb 16, 2013
20 cents in one week were i buy fuel whats going on?
Dip

Blue Ridge, GA

#2 Feb 16, 2013
The price of oil is rising again
Nick-a-Jack

Marietta, GA

#3 Feb 16, 2013
Obama
gambling

Ellijay, GA

#4 Feb 17, 2013
damn stock exchange folks. not a joke. stock exchange gambles on just how much them big boys can gouge us, and in reaction the price of EVERYTHING goes up.
Badger

Canton, GA

#5 Feb 17, 2013
Istead of trying to develop algae, wind and solar, we should be using the natural resourses we have beneath out feet. We have huge resourses of oil but the Administration won't give oil companies permits to drill. We have huge deposits of coal, but the Administraton is bankrupting the coal industry by using regulations. The Administration is closing down coal fired power plants, so now our electricity will be going up in price. Elections have consequenses.
Zoro

Morganton, GA

#6 Feb 17, 2013
gambling wrote:
damn stock exchange folks. not a joke. stock exchange gambles on just how much them big boys can gouge us, and in reaction the price of EVERYTHING goes up.
Your right but the local folks also gouging us to.
Lorac

Pell City, AL

#7 Feb 17, 2013
Hey Nick-a-Jack was it Obamas fault when Bush was in office and gas was $4.00 a gallon. Ride down highway 5 by Abernathys and you will see a gas station that has a $3.99 per gallon that station has been out of business while Bush was in office.
The reason fuel prices are up is because they say is "summer formulas." I think The reason fuel prices are up is because oil companies want them up.
Badger

Canton, GA

#8 Feb 18, 2013
Lorac wrote:
Hey Nick-a-Jack was it Obamas fault when Bush was in office and gas was $4.00 a gallon. Ride down highway 5 by Abernathys and you will see a gas station that has a $3.99 per gallon that station has been out of business while Bush was in office.
The reason fuel prices are up is because they say is "summer formulas." I think The reason fuel prices are up is because oil companies want them up.
When George Bush left office, gas prices were under $2.00 a gallon. Obama has stated he feels gas prices are too low and would like to see them rise.
Badger

Canton, GA

#9 Feb 18, 2013
Price of Gallon of Gas Up 96% Under Obama
February 12, 2013


( CNSNews.com )– The average price of a gallon of gas has increased 96 percent since President Barack Obama first took office in 2009, according to figures from the Energy Information Agency (EIA).

According to EIA data, the average price of a gallon of regular unleaded gasoline in the United States was $1.838 on Jan. 19, 2009--the day before Obama took office. As of Monday, Feb. 11, 2013, the per-gallon price had risen to an average of $3.611--an increase of 96 percent.

The $3.677 is not the highest gas prices have been under President Obama. That record was reached the week of May 9, 2011 when they averaged $3.965 per gallon.

Gas prices took a sharp dive during the recession but have climbed back to near their pre-recession peak under Obama, despite the President’s push for greater fuel-efficient cars and trucks and pursuit of expanded clean energy.(The recession officially occurred from December 2007 to June 2009.)

Gas prices have never been this high in early February in American history, according to EIA, even in 2008 when gas prices reached all-time highs.
Linda

Morganton, GA

#10 Feb 18, 2013
Zoro wrote:
<quoted text>Your right but the local folks also gouging us to.
Your right they pay x Amount when they fill their tanks then raise thier prices twice before thier tanks are empty again pure profit.
Lorac

Pell City, AL

#11 Feb 18, 2013
Badger guess what I found an article that states gas prices under Bush rose 275% from $1.60 per gallon when he took office then rose in 2008 to $4.40 per gallon where were you during this time under a rock? Looking at all of your posts it is obvious you do not like Obama fine BUT FACTS ARE FACTS
Nick-a-Jack

United States

#12 Feb 18, 2013
Lorac wrote:
Badger guess what I found an article that states gas prices under Bush rose 275% from $1.60 per gallon when he took office then rose in 2008 to $4.40 per gallon where were you during this time under a rock? Looking at all of your posts it is obvious you do not like Obama fine BUT FACTS ARE FACTS
You're correct. We don't ask the government to pay our bills and don't enjoy the government taking half my income to divvy amongst others. So, no. Not an Obama fan.
Badger

Canton, GA

#13 Feb 19, 2013
Lorac wrote:
Badger guess what I found an article that states gas prices under Bush rose 275% from $1.60 per gallon when he took office then rose in 2008 to $4.40 per gallon where were you during this time under a rock? Looking at all of your posts it is obvious you do not like Obama fine BUT FACTS ARE FACTS
Sorry Lorac, it's hard for me to take any article serious that's published by the Huffington Post and a blog called "Under the Mountain Bunker"

Since: Sep 10

Location hidden

#14 Feb 19, 2013
Normally at this time of year gas prices will increase because refineries are shifting operations from winter formula to summer formula. This usually only lasts for 4 to 6 weeks.
This year however, prices are continuing to rise beyond the operational standpoint. Besides some of the rreasons identified in earlier Posts is the fact that there have been refinery shutdowns in the US over the past year. Lost refinery capability is 1 million gal/day. Refineries stated shutdown caused by minimal operating profits. It is possible that within the next several years the US will produce more crude than we can refine.
Zoro

Morganton, GA

#15 Feb 19, 2013
FED INFO wrote:
Normally at this time of year gas prices will increase because refineries are shifting operations from winter formula to summer formula. This usually only lasts for 4 to 6 weeks.
This year however, prices are continuing to rise beyond the operational standpoint. Besides some of the rreasons identified in earlier Posts is the fact that there have been refinery shutdowns in the US over the past year. Lost refinery capability is 1 million gal/day. Refineries stated shutdown caused by minimal operating profits. It is possible that within the next several years the US will produce more crude than we can refine.
I think the biggest problem is greed.

Since: Sep 10

Location hidden

#16 Feb 19, 2013
Zoro wrote:
<quoted text>I think the biggest problem is greed.
That is the bottom line!
Orion

Morganton, GA

#17 Feb 19, 2013
EPA/Obama/tree huggers/Democrats

1.no new refineries
2.no new wells on fed. land
3.additives and blends
Lorac

Pell City, AL

#18 Feb 20, 2013
Sorry Badger is hard to believe an article by the CNS or otherwise knows as Conservative News Network
Badger

Canton, GA

#19 Feb 21, 2013
Lorac wrote:
Sorry Badger is hard to believe an article by the CNS or otherwise knows as Conservative News Network
The average cost of a gallon of gas is up 96 percent since President Barack Obama first took office in 2009, with prices at the pump hitting a historic high on Monday.

According to data from the Energy Information Agency, the average price of a gallon of regular unleaded gasoline in the United States was $1.838 on Jan. 19, 2009 — the day before Obama took office. As of Monday, the per-gallon price had risen to an average of $3.611 — an increase of 96 percent.

Other statistics from AAA estimate the average national price to be $3.582, what the Christian Science Monitor called the most expensive national average on record for any Feb. 11. Gas prices had also climbed every day for the past 25 days in a row, the Monitor said.

"This is a very early rise," Tom Kloza, chief oil analyst at the Oil Price Information Service, told the Monitor. "January has tended to be a quiet month through the years, but the rally really began in earnest around Jan. 15."

Gas prices have continued to creep up despite Obama's support of clean-energy initiatives and more fuel-efficient cars. Economists blame the price of crude oil for the spike, which is said to account for almost 70 percent of the cost of a gallon of gas. Crude prices have risen 10 percent during the past two months, according to the EIA.

Last year, gas prices peaked in April, then headed on a downward trend through the summer months. This year is forecast to have a similar trend, but with lower gas prices overall, barring any unforeseen events that have a major impact on fuel supplies, according to AAA data.

"Gas prices are still forecast to peak in April, so it's likely motorists will see pump prices steadily increase during the next couple of months," said Jessica Brady, AAA spokeswoman, in a press release Monday. "However, the national average is not expected to exceed $4 a gallon this year for regular unleaded gasoline."

Americans are definitely feeling the pinch. The amount of money they're spending on gas, as a percentage of household income, is at a nearly 30-year high. Only 2008 was worse, according to EIA data released last week. In 2012, the average U.S. household spent $2,912 on gas, or almost 4 percent of income before taxes, according to EIA estimates.

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