gas OVER $5 per gallon by SPRING

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clark kent

Carrollton, GA

#1 Feb 14, 2012
gas has gone up 67% since obummer took office,but dont complain because YOU IDIOTS voted him in to do JUST THAT.IF the erath was going to be destroyed, it would have been destroyed by now.Its over 2000 years old and steel mills and oil refineries ran for 75 years without pollution controls.Look at these cities now, DEAD AS HELL
Bud Collyer

Lithia Springs, GA

#2 Feb 14, 2012
clark kent wrote:
gas has gone up 67% since obummer took office,but dont complain because YOU IDIOTS voted him in to do JUST THAT.IF the erath was going to be destroyed, it would have been destroyed by now.Its over 2000 years old and steel mills and oil refineries ran for 75 years without pollution controls.Look at these cities now, DEAD AS HELL
Hey there, Chicken Little from Carrollton! Just for the sake of discussion, pick a date please - spring is sort of arbitrary. I'd like to revisit this thread on that date to see how accurate your sources are.

Since: Nov 08

Location hidden

#3 Feb 14, 2012
I just googled gas prices for 2012 and this is what popped up. This article is by ABC News of all things. Wow! When a left winger like ABC reports it, it must be totally unavoidable.

http://abcnews.go.com/blogs/business/2012/01/...

“Unions are still scum ”

Since: Dec 07

Atlanta

#4 Feb 14, 2012
http://cnsnews.com/news/article/obama-cites-r...

Actually Clark, it is up 83% which is even worse. This President is really working hard at being worse than Jimmy Carter.

“Unions are still scum ”

Since: Dec 07

Atlanta

#5 Feb 14, 2012
Bud Collyer wrote:
<quoted text>
Hey there, Chicken Little from Carrollton! Just for the sake of discussion, pick a date please - spring is sort of arbitrary. I'd like to revisit this thread on that date to see how accurate your sources are.
June 20th.

Since: Jun 07

D'ville, GA

#6 Feb 15, 2012
If you look at any graph charting gas prices, the cost of unleaded fuel has generally been on the increase since it's introduction in the 70's. However in the early-mid 90's prices began to rise faster with a dramatic price spike in 2008 followed by a dramatic price drop in late 2008, just before Obama took office. This dramatic fluctuation was in response to an economy that was heading into the craper. Since then the trend has again been toward more expensive fuel. Are we to believe that Obama is responsible for this trend that started 40 years ago? Or just 20 years ago? Or is it that the cost of a gallon of gas is going to get more and more expensive regardless of who is sitting in the White house?

Since: Aug 09

Villa Rica

#7 Feb 15, 2012
Geopolitical factors also play a role, but the president's preferred energy policy does partially dictate the price of gas because whether the US is producing oil or not affects supply and demand. In the 70s there was the OPEC embargo and also we've increased our purchase of foreign oil instead of manufacturing our own. If we started drilling seriously again prices would eventually drop because there would be more supply in the market. Do gas prices go up because one party or another controls the White House? Not necessarily, it depends on their energy policies. In Obama's case he hates coal and oil, so he chooses to import oil rather than drill our own.

Since: Jun 07

D'ville, GA

#8 Feb 15, 2012
TGVR wrote:
Geopolitical factors also play a role, but the president's preferred energy policy does partially dictate the price of gas because whether the US is producing oil or not affects supply and demand. In the 70s there was the OPEC embargo and also we've increased our purchase of foreign oil instead of manufacturing our own. If we started drilling seriously again prices would eventually drop because there would be more supply in the market. Do gas prices go up because one party or another controls the White House? Not necessarily, it depends on their energy policies. In Obama's case he hates coal and oil, so he chooses to import oil rather than drill our own.
And why would the oil companies want to put more oil on the market resulting in lower prices/profits?

Since: Aug 09

Villa Rica

#9 Feb 15, 2012
spitfire2 wrote:
<quoted text>
And why would the oil companies want to put more oil on the market resulting in lower prices/profits?
They want to drill off the coast right now, but can't get the permits. They make money no matter what, so is they can cut costs in the discovery and refining stages the final price of gas can be lower and they still make money. Also, gas prices also are inflated by the taxes placed on them by states and the federal government. Lower the taxes and you lower the prices. There is also the antiquated requirement of changing formulas for winter and summer. It's not necessary anymore and it costs companies money to switch the mixture. Another useless cost that gets passed to the consumer.
mariposa

Irving, TX

#10 Feb 15, 2012
Bud Collyer wrote:
<quoted text>
Hey there, Chicken Little from Carrollton! Just for the sake of discussion, pick a date please - spring is sort of arbitrary. I'd like to revisit this thread on that date to see how accurate your sources are.
I agree Bud. It wasn't too long ago they were predicting $7 by now. What happened? The highest gasoline prices in US history exceeded $4. in 2008 during a former administration.

Since: Aug 09

Villa Rica

#11 Feb 15, 2012
mariposa wrote:
<quoted text>I agree Bud. It wasn't too long ago they were predicting $7 by now. What happened? The highest gasoline prices in US history exceeded $4. in 2008 during a former administration.
Serious news outlets are predicting $4 a gallon by Spring and possibly $5 by Summer. While our troll friend may be flinging poo at the wall, he actually hit on a serious subject this time. Blind squirrels and nuts and all that.

Since: Jan 10

Location hidden

#12 Feb 15, 2012
spitfire2 wrote:
<quoted text>
And why would the oil companies want to put more oil on the market resulting in lower prices/profits?
To "spread the wealth" to the "less fortunate"?

Since: Jun 07

D'ville, GA

#13 Feb 16, 2012
TGVR wrote:
<quoted text>
They want to drill off the coast right now, but can't get the permits. They make money no matter what, so is they can cut costs in the discovery and refining stages the final price of gas can be lower and they still make money. Also, gas prices also are inflated by the taxes placed on them by states and the federal government. Lower the taxes and you lower the prices. There is also the antiquated requirement of changing formulas for winter and summer. It's not necessary anymore and it costs companies money to switch the mixture. Another useless cost that gets passed to the consumer.
They don't make money no matter what, eventually they're going to run out of oil, everyday we burn oil makes tomorrows oil more expensive. The speculators, which impact the price of oil substantially more than the cost of production, know what the long term prognosis is.

Gasoline isn't like next years Christmas toys where you produce a bunch and warehouse it, make your sales and if you have any left over, discount it, donate it or just throw it out. Gasoline doesn't store well in the long run as it tends degrade and it's a costly operation warehousing the stuff. Instead the refineries produce enough to meet the expected demand at any given time, produce a gallon, sell a gallon. A small ammount is stored to adjust for any small fluctuations in demand. If tomorrow they flooded the market with several million extra gallons, yeah the price would go down until they had to charge extra on what they did sell to offset the cost of storage, reprocessing and/or disposal of the gas they didn't sell. Of course if everyone could started driving more miles on the cheaper gas using up the surplus but then we'd be back to produce a gallon, sell a gallon and if I'm the oil company I'm doing that at the profit level on $3.50 a gallon, to satisfy my investors instead of at a buck and a half. Besides the market will bear $3.50 a gallon.

And yeah they want to drill in the shallow waters, it's cheaper making their profits higher and their liabilities lower.

Since: Jun 07

D'ville, GA

#14 Feb 16, 2012
Bill in Dville wrote:
<quoted text>
To "spread the wealth" to the "less fortunate"?
I didn't realize the big oil companies were so generously concerned with those considered less fortunate.
Bud Collyer

Lithia Springs, GA

#15 Jun 20, 2012
MSO4 wrote:
<quoted text>June 20th.
Well, spring has gone and those $5/gallon gas prices never managed to show up in spite of all the hyping. Guess you really can't believe everything you read.
sheepleareidiots

Villa Rica, GA

#16 Jun 20, 2012
LOL @ the morons here that predicted 4 to 5 dollars a gallon by Spring. Haha, what happened to that prediction??? LOSERS!
lol !

Lithia Springs, GA

#17 Jun 20, 2012
sheepleareidiots wrote:
LOL @ the morons here that predicted 4 to 5 dollars a gallon by Spring. Haha, what happened to that prediction??? LOSERS!
Yeah because I sure do enjoy paying 3.20 a gallon...

Since: Jul 07

Douglasville

#18 Jun 20, 2012
Just sit quietly, and watch prices drop and then rise again to where they were and pass. This is how it has been done for serveral years, go up until everybody complains, drop the price for a while and then shoot it up over what it was.

Since: Nov 08

Location hidden

#19 Jun 20, 2012
sheepleareidiots wrote:
LOL @ the morons here that predicted 4 to 5 dollars a gallon by Spring. Haha, what happened to that prediction??? LOSERS!
lol There has been a drop in demand. Don't get used to it. Of course, gas is STILL over $3.00 a gallon. I guess you think THAT'S great?. Sheesh....

If your post was in some way supposed to be in support of Obama, you are quite uninformed. Just thought I would point that out.
sheepleareidiots

Villa Rica, GA

#20 Jun 20, 2012
None of you morons are willing to admit that YOU WERE WRONG!!!!!!!!!! How does it feel? Bahahahaha!!!

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