Gas price still rising, but a glimmer of good news

Full story: Newsday 130
Gasoline prices are still climbing, according to a motorist group's latest survey, but there was a little bit of good news for drivers yesterday in a federal government report showing increased U.S. inventories ... Full Story
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HARBHAJAN SINGH

Holbrook, NY

#1 Apr 23, 2008
do not blame middle east.we americans DO NO KNOW HOW TO CONSERVE
George W Bush

Elmhurst, NY

#2 Apr 23, 2008
Well, heck, why is evrone complainin'? My daddy wuz smart enough ta go inta tha oil business an' we got real rich! An' dun bought me the whitehouse!('Course, Jeb had ta help, too.)

My 'countant sez I should hold ma fortune in euros. Problem is, I dunno what a euro is! A European?

Shee-it!

Since: Aug 07

Lexington, NC

#3 Apr 23, 2008
The government should nationalize the human pond scum oil companies IN THE INTEREST OF NATIONAL SECURITY! Hell, the Bush Misadministration has been using the U.S. Constitution as a White House door mat anyway, so why not do something USEFUL while they're stripping Americans of their rights?
Dan

Bridgeport, CT

#4 Apr 23, 2008
"MasterCard Spending Pulse, a unit of MasterCard Inc., said on Tuesday that demand for gasoline in the four weeks ended April 18 was off by 1.5 percent from a year earlier -- a figure considered signficant."

The fact that gas consumption has declined doesn't necessarily mean that people are cutting back because of the price. It is also a sign of a slow economy.

When people are unemployed they drive less. When the economy is slow, less fuel is needed to produce and transport goods.

The scary thing is that in a recession gas prices should drop since there is less demand but the exact opposite is occuring. Lower demand and higher prices is going to
kill the economy.
Tommy Knocker

Houston, TX

#6 Apr 23, 2008
All the gas companys are is a bunch of crooks. Its really sad when the lower to middle class families have to worry about weather to fill their cars up or eat.
sHORT bUS bOB

Lindenhurst, NY

#7 Apr 23, 2008
The Economy is already killed. Most people I know are putting off spending money on anything other than necessities for at least the next 6 months.
sHORT bUS bOB

Lindenhurst, NY

#8 Apr 23, 2008
Tommy Knocker wrote:
All the gas companys are is a bunch of crooks. Its really sad when the lower to middle class families have to worry about weather to fill their cars up or eat.
The Oil Companies are American Businesses who are deliberately screwing Americans. No one is going to help us either. We are on our own in this Country for the forseeable future. Forget about the Politicians. With the current batch out there looking to get into the Whitehouse, I wonder if we really need a President.
LIgal

Hicksville, NY

#9 Apr 23, 2008
sHORT bUS bOB wrote:
The Economy is already killed. Most people I know are putting off spending money on anything other than necessities for at least the next 6 months.
Your right and I am one of those people Just paid 3.65 in Merrick a few days ago when I filled up was 3.53 how insane is that.
Sick of it

Stormville, NY

#10 Apr 23, 2008
Why isn't this the biggest issue being addressed in the presidential race? Are we supposed to just be quiet and take it?
Why didn't the government learn their lesson from the energy crisis of 1974? We should've been looking for other ways back them!
BBQ

Montclair, NJ

#11 Apr 23, 2008
All the gas prices are doing is hurting Americans. With the gas prices skyrocketing we will not be able to travel to work, which means we will not be able to feed our families. And as for the diesel prices, most of our emergency services apparatus are diesel. This means the volunteer emergency organizations in little towns will not be able to afford the price of diesel which means no health or fire protection. THEY ARE JUST KILLING THE AMERICANS AND THE ECONOMY!!!!!!!!!!
Have another round

Fort Lee, NJ

#12 Apr 23, 2008
The good news is only 272 days of dumbyican rule left on the clock.
gas prices suck

Portsmouth, VA

#13 Apr 23, 2008
sucks
the truth

Bronx, NY

#14 Apr 23, 2008
oil prices will not be any lower even if we produce all our oil here. do you see domestic oil being sold for less than opec oil or canadian oil? domestic oil is largely produced on government owned land which is leased by the oil companies. a new arrangement has to be made where the oil companies cannot charge more than a certain percentage over cost. better still, nationalize the oil companies. also the government must stop the speculation in oil futures and must stop and reverse the decline of the dollar. will all of this happen? will any of it happen? probably nut. our leaders? are owned lock stock and barrel by big business. best advice? raise hell.
Steve

Bridgeport, CT

#15 Apr 23, 2008
Its a good thing winter is over. Heating oil is now going for 4+ a gallon. If it stays this way next winter it will be very scary when a family has to come up with a $1000 for a tank of heating oil.

These oil speculators must be regulated. They have already destroyed the housing market and credit industries. The same thing goes for food.

Since: Oct 07

Bronx, NY

#16 Apr 23, 2008
Look. This is as much about a failing dollar than the price of crude. I'll try to simplify this.....
If you send labor over seas, putting cash into foreign economies: then sell products back over here. Eventually, with companies paying them and selling here.....HERE runs out of money.
It is that simple. Thats why the dollar is weak. It's not all about Bush....this has been going on for a long time.

Since: Feb 08

Bronx, NY

#17 Apr 23, 2008
Can someone please explain to me how market speculation causes an increase in prices at the pump. I thought market speculation was just that, speculation. If someone buys oil at 130.00 they are not guaranteed a profit....right?

Now there is a fictional supply issue with rice causing the price to jump 140%. WTF!!

Since: Feb 08

Bronx, NY

#18 Apr 23, 2008
One-eyed Jack wrote:
Look. This is as much about a failing dollar than the price of crude. I'll try to simplify this.....
If you send labor over seas, putting cash into foreign economies: then sell products back over here. Eventually, with companies paying them and selling here.....HERE runs out of money.
It is that simple. Thats why the dollar is weak. It's not all about Bush....this has been going on for a long time.
Why is the dollar falling OEJ? Maybe because the only thing America produces is debt to the midde and working class. No, its not all Bushes fault, but the power elite are selling us all out. Guess what, if you are a mid level Wall Streeter, you days are numbered too.

“Viet Vet Speaks Out”

Since: Dec 06

Long Beach, NY

#21 Apr 23, 2008
I HAVE ONE WORD TO SAY I HOPE YOU'RE READY FOR THE WORST "DEPRESSION" THIS COUNTRY HAS EVER KNOWN. IT'S JUST AROUND THE CORNER, MAYBE JUST ONE MORE BANK FAILURE AWAY!
Patrick

Washington, NJ

#22 Apr 23, 2008
A few tips for readers...I reduced heating oil consumption by about 25% in each of the last 3 years or about $1600 worth by sealing Air leaks in the living areas of this house.
I spent about $150 on weatherstripping window film and door seals etc. 3 years ago with the rising price of oil, I spent a great deal of time on the internet learning about saving energy. I recall reading that the average house has enough air leaks to equal One open window all winter.
Allow ventilation for the heating system and install a carbon monoxide detector for safety. Summer is a good time to weatherize the house and add insulation.
For many decades, Heating oil was cheaper than gasoline.
Now it is above in price. I have cut back dramatically on driving but have less control on heating the house. I also reduced the temperature to 68 degrees in the winter.
Wearing extra clothes, I felt quite comfortable.
Many have cited speculators for the increase in price.
Who are these speculators anyway???
Mark

Bridgeport, CT

#23 Apr 23, 2008
Jersey Shore Guy wrote:
<quoted text>
Why is the dollar falling OEJ? Maybe because the only thing America produces is debt to the midde and working class. No, its not all Bushes fault, but the power elite are selling us all out. Guess what, if you are a mid level Wall Streeter, you days are numbered too.
Bush is responsible one way or another for the weak dollar. He cuts taxes while launching two wars that are still going on 5 years later with no end in sight. This policy have ballooned the national debt.

Meanwhile Bernake (Bush's nominee) keeps slicing interest rates while inflation runs rampant. Each time he does this he lowers the value of the dollar.

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