Video: 10/06: Gas prices hit record high in Cali; Terror suspects...

Oct 7, 2012 Full story: CBS News 545

In California, gas prices exploded to a record high average of $4.61 dollars a gallon -- up 47 cents; Also, Five terror suspects, including Abu Hamza al-Masri, were extradited from the U.K. to the U.S; And, at the Vatican, the pope's butler was found guilty of stealing papers from his boss and leaking them to the press.

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“Waytogo”

Since: Oct 09

Location hidden

#106 Oct 8, 2012
Cary L Nickel wrote:
<quoted text>
What needs to stop is government regulation that limits refining and distribution in the United States, thus increasing prices and and artificially reducing supply every time there is a refinery fire or a "weather event".... like high winds.
There are three shut down small to medium sized refineries rusting away within 10 miles of my house. Refineries that used to employ hundreds of people, and produce tens of thousands of barrels of fuel, while we now get our fuel shipped in from over a hundred miles away.
It's time to end policies that make small refiners unprofitable, while favoring large multinational oil companies that send our oil out of the nation to be turned into usable products.
Democrats certainly aren't going to do it, and Republicans may not, if we don't hold their feet to the fire so that they remain accountable.
We could drill in every corner of every state and build 10000 new refieniries and prices wont come down...Greedy oil companies will come up withr eason to keep prices high....Some spill or war or some other BS will make them keep prices high....DONT BUY THE BS...

Since: May 10

Location hidden

#107 Oct 8, 2012
Ralph wrote:
<quoted text>A lot of working class Americans already are only buying the bare necessities now. That's why the economy sucks, the unemployment rate is around really 13% and a record number of people are now receiving food stamps and other government hand outs.
Agreed. That is the major drawback of "learning to live with less". When it cost $60 to fill up the fuel tank, instead of $20 like it should, simple math tells us that leaves 40 less dollars to spend on something else.

When grocery prices have increased by 20% over the last 4 years, simple math says 20 bucks out of every 100 can't be spend on other things.

When utility prices rise 10 to 15 percent, using that ole' math again means another 10 to 15 bucks a hundred added to our bill.

Add that up, and it adds up to way less money to spend on other things.

One of the key points to really stimulating the U.S. economy is cheaper energy. And that means less rules and regulation, and more production and refining. Quit trying to kill the coal industry before we have anything to take it's place. And above all, quit putting snails, fish, turtles, owls, and other animals ABOVE the interests of mankind.

A populace that can't afford to live somewhat comfortable quickly loses interest in things it cannot see, thus defeating the purpose of increasing the awareness of nature. Not balancing human interests with those of animals runs the risk of an eventual backlash that could be very counter-productive in the long run.

Just as over-stating the effects of "global cooling", which became "global warming", and has now become "global climate change" has actually reduced belief that such a thing even exists, managing our public lands through constant "crisis" will have the exact same effect as people become so weary of over-reaction they quit believing ANY crisis exists at all.
Go Blue

Miami, FL

#108 Oct 8, 2012
WeTheSheeple wrote:
<quoted text>
Doubtful.
More likely that red states like Texas and Arizona turn blue by the 2020 election because their increasing hispanic majority.
Once the Dems get Texas the GOPasaurs won't win another presidential election for generations.
Seeing the tyranny againest the United States, by the republicans in Congress....a banishment from power, for a few decades, is a fit reward....

Since: May 10

Location hidden

#109 Oct 8, 2012
ToManyLaws wrote:
<quoted text>
We could drill in every corner of every state and build 10000 new refieniries and prices wont come down...Greedy oil companies will come up withr eason to keep prices high....Some spill or war or some other BS will make them keep prices high....DONT BUY THE BS...
Apparently you do not believe in basic free market principles.

I guarantee to you that it would take a lot less drilling, and a lot fewer refineries than what you state, to bring prices down.

Provide a business climate that favors U.S. production, and one that favors keeping U.S. oil here to be refined and sold at profits equal to those made overseas, and prices will fall.

The answer to all cases of high prices, on everything sold, is for more of an item to be made. That is a hard and fast economic rule that cannot be changed.

Laws that make an item unprofitable to sell always lead to shortages and high prices. That is simple fact.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#110 Oct 8, 2012
Cary L Nickel wrote:
<quoted text>
It's actually more likely that, as Democrats swing increasingly left, and push social issues like gay marriage, abortion on demand, and continue their crusade against Christianity (particularly the Catholic Church), Hispanics will swing more toward the GOP. Particularly as more Hispanic Republicans win elected office.
Obama's about as far left on those issues as you can get, yet hispanics support him 70% to Romney's 20%.

According to your logic, those numbers should be flipped.

As long as the GOPasars continue their anti-hispanic anti-illegal rhetoric, then the overwhelming majority of hispanics will continue to support the Dems.

Btw, a majority of hispanics support marriage equality and abortion rights in spite of their catholic leanings.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#111 Oct 8, 2012
Ralph wrote:
<quoted text>A lot of working class Americans already are only buying the bare necessities now. That's why the economy sucks, the unemployment rate is around really 13% and a record number of people are now receiving food stamps and other government hand outs.
Oh yeah, "bare necessities" like a the new iphone5 to replace their iphone4 which replaced their iphone3 which replaced their iphone2 which replaced their iphone1?

Or their 3rd or 4th or 5th flatscreen tv so they have one in every room?

Or another video game or computer or stainless steel fridge or granite countertops?

Or their $5 cup of Starbucks latte?

Or another $100 pair of jeans?

You mean THOSE "bare necessities"??

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#112 Oct 8, 2012
Cary L Nickel wrote:
<quoted text>
Agreed. That is the major drawback of "learning to live with less". When it cost $60 to fill up the fuel tank, instead of $20 like it should, simple math tells us that leaves 40 less dollars to spend on something else.
When grocery prices have increased by 20% over the last 4 years, simple math says 20 bucks out of every 100 can't be spend on other things.
When utility prices rise 10 to 15 percent, using that ole' math again means another 10 to 15 bucks a hundred added to our bill.
Add that up, and it adds up to way less money to spend on other things.
One of the key points to really stimulating the U.S. economy is cheaper energy. And that means less rules and regulation, and more production and refining. Quit trying to kill the coal industry before we have anything to take it's place. And above all, quit putting snails, fish, turtles, owls, and other animals ABOVE the interests of mankind.
A populace that can't afford to live somewhat comfortable quickly loses interest in things it cannot see, thus defeating the purpose of increasing the awareness of nature. Not balancing human interests with those of animals runs the risk of an eventual backlash that could be very counter-productive in the long run.
Just as over-stating the effects of "global cooling", which became "global warming", and has now become "global climate change" has actually reduced belief that such a thing even exists, managing our public lands through constant "crisis" will have the exact same effect as people become so weary of over-reaction they quit believing ANY crisis exists at all.
Why do you oppose the oil companies making a profit?

Don't they have the same right to make a profit as every other company?

It only cost $200 to make an Iphone, yet Apple sells them for $700?

If Apple can make that kind of profit, why not the oil companies?

That new Iphone5 to replace your perfectly good Iphone4 would buy a lot of gas.

Who employs more Americans? Apple or the Oil/gas industry??

So be a TRUE patriot and DEMAND the oil barons RAISE gas prices to help America employ MORE people!!!!!!

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#113 Oct 8, 2012
Cary L Nickel wrote:
<quoted text>
Apparently you do not believe in basic free market principles.
I guarantee to you that it would take a lot less drilling, and a lot fewer refineries than what you state, to bring prices down.
Provide a business climate that favors U.S. production, and one that favors keeping U.S. oil here to be refined and sold at profits equal to those made overseas, and prices will fall.
The answer to all cases of high prices, on everything sold, is for more of an item to be made. That is a hard and fast economic rule that cannot be changed.
Laws that make an item unprofitable to sell always lead to shortages and high prices. That is simple fact.
Then why aren't you demanding that Apple and Starbucks etc lower THEIR prices??

Why are you only trying to force oil companies to lower gas prices?

If people are spending $5 for a cup of coffee, that's $4 less they have to spend on other things.

Why not demand cigarette makers lower their prices. If people have to spend $7 for a pack of smokes, that's $6 less they have to spend on other things.

There is no reason only gas prices should be kept artificially low.

“Waytogo”

Since: Oct 09

Location hidden

#114 Oct 8, 2012
Cary L Nickel wrote:
<quoted text>
Apparently you do not believe in basic free market principles.
I guarantee to you that it would take a lot less drilling, and a lot fewer refineries than what you state, to bring prices down.
Provide a business climate that favors U.S. production, and one that favors keeping U.S. oil here to be refined and sold at profits equal to those made overseas, and prices will fall.
The answer to all cases of high prices, on everything sold, is for more of an item to be made. That is a hard and fast economic rule that cannot be changed.
Laws that make an item unprofitable to sell always lead to shortages and high prices. That is simple fact.
I LOVE THE FREE MARKET....Wish one of the parties would support it...

WHY DO YOU THINK OIL COMPANIES WHO ARE MAKING MASSIVE PROFITS WOULD GIVE THOSE UP BY DOING MORE WORK AND SELLING FOR LESS?????????Come on grow up and think.....We have enough oil there is no shortage...So if oil companies had to spend billions on new drillings and new refienieries you think somehow by doing more wokr they will lower prices?????????COME ON DONT BUY THE BS......

“Waytogo”

Since: Oct 09

Location hidden

#115 Oct 8, 2012
WeTheSheeple wrote:
<quoted text>
Then why aren't you demanding that Apple and Starbucks etc lower THEIR prices??
Why are you only trying to force oil companies to lower gas prices?
If people are spending $5 for a cup of coffee, that's $4 less they have to spend on other things.
Why not demand cigarette makers lower their prices. If people have to spend $7 for a pack of smokes, that's $6 less they have to spend on other things.
There is no reason only gas prices should be kept artificially low.
Most everything has gone up in cost....I do find it funny wh peole think herein the USA we should have $1-$2 but dont here them complai about a car costing 20-25-30K....

If gasoline had gone up at same rate as all other things here in USA gas would cost over $10 a gallon..

Since: May 10

Location hidden

#116 Oct 8, 2012
WeTheSheeple wrote:
<quoted text>
Obama's about as far left on those issues as you can get, yet hispanics support him 70% to Romney's 20%.
According to your logic, those numbers should be flipped.
As long as the GOPasars continue their anti-hispanic anti-illegal rhetoric, then the overwhelming majority of hispanics will continue to support the Dems.
Btw, a majority of hispanics support marriage equality and abortion rights in spite of their catholic leanings.
First off, I don't believe the numbers are that high for Obama. Particularly since his little spat with the Catholic Church.

Secondly, those numbers are based upon Obama saying the right things to the right people, and the media giving him a pass when he lies.

In gubernatorial, congressional and local races, where the candidates spend much more time courting their potential constituency, and are more often held accountable for their words, Republicans do quite well among Hispanics.

Since: May 10

Location hidden

#117 Oct 8, 2012
WeTheSheeple wrote:
<quoted text>
Then why aren't you demanding that Apple and Starbucks etc lower THEIR prices??
Why are you only trying to force oil companies to lower gas prices?
If people are spending $5 for a cup of coffee, that's $4 less they have to spend on other things.
Why not demand cigarette makers lower their prices. If people have to spend $7 for a pack of smokes, that's $6 less they have to spend on other things.
There is no reason only gas prices should be kept artificially low.
I've never bought either an Apple brand product (Beatles albums excluded! LOL!), nor a Starbucks coffee.. I buy $400 windows laptops, and I prefer the 75 cent a cup coffee variety found at the local diner.

But when I look around my local gas stations...Shell, Conoco, Fina, Philips 66, Mustang, SunDial, etc. I see they all charge within a penny or two of the exact same price for a gallon of gas.

That is because most all of the brand names used by our local gas stations are distributed by maybe two different actual oil companies. Government regulation has forced the real small players out of the market. That's why there are three refineries within 10 miles of my house that are shuttered and rusting away..two of which were owned an operated by companies that no longer exist.

No one is forcing oil companies to lower gas prices. Government regulatory polices have driven prices up artificially, by tampering with natural market forces and driving up costs. I'm demanding that government return oil to the free market, where it belongs.

All it took for George W. Bush to lower oil prices was for him to state that he was opening up the United States all forms of energy prices, and then take steps to enact his promise.

Barack Obama reversed Bush's energy policy, and promised to raise energy prices..and I'll be damned if that didn't happen.

Unfortunately, Obama's promises are more likely than not to be bad for our nation.

The real question is not "Why do I want lower oil prices?", it's "Why do you want HIGHER prices?".
Ken Yawn

Monessen, PA

#118 Oct 8, 2012
Marine Corp Pat wrote:
BREAKING NEWS!!!!!!!!!!
The creator of ‘The Simpsons’ has put together a must see video:
WHY OBAMA NOW
This will be played on every college campus -- and there are plans in the works for the Obama Campaign, or Super-PAC to use some of its air time bought with the record 200 million Obama raised last month to run this in every TV market over the next few weeks… WOW, this is a powerful video.
http://www.youtube.com/watch?v =U9G8XREyG0QXX&feature=pla yer_embedded
I just finished watching and listening to Obama blow more smoke yet NO solutions, just more garble and babble with no direction or suggestion. Most of the University's are liberal Marxist training camps and the Simpsons is the mindset of the libtards. Wonder how much money the Simpson creator gave to Charity?? The video does prove one thing however and that is Obama could give a shyt less about the USA! He has created massive unemployment, Massive debt and revoked our most basic freedoms yet morons like you support this Marxist BS!

Since: May 10

Location hidden

#119 Oct 8, 2012
ToManyLaws wrote:
<quoted text>
I LOVE THE FREE MARKET....Wish one of the parties would support it...
WHY DO YOU THINK OIL COMPANIES WHO ARE MAKING MASSIVE PROFITS WOULD GIVE THOSE UP BY DOING MORE WORK AND SELLING FOR LESS?????????Come on grow up and think.....We have enough oil there is no shortage...So if oil companies had to spend billions on new drillings and new refienieries you think somehow by doing more wokr they will lower prices?????????COME ON DONT BUY THE BS......
Because if they can make those profits here at home, and not have to deal with political unrest, terrorism, nationalization, expensive travel and transportation issues, etc. etc. etc., they will do so.

Continuing to legislate a business climate in which only the biggest and most moneyed players are allowed to participate is bad for our nation.

As long as your vision is clouded by the leftist dogma that "big oil" is somehow magically more "greedy" than any other industry, and that is the sole reason for high oil prices, you will remain part of the problem, rather than part of the solution.

“Waytogo”

Since: Oct 09

Location hidden

#120 Oct 8, 2012
Cary L Nickel wrote:
<quoted text>
Because if they can make those profits here at home, and not have to deal with political unrest, terrorism, nationalization, expensive travel and transportation issues, etc. etc. etc., they will do so.
Continuing to legislate a business climate in which only the biggest and most moneyed players are allowed to participate is bad for our nation.
As long as your vision is clouded by the leftist dogma that "big oil" is somehow magically more "greedy" than any other industry, and that is the sole reason for high oil prices, you will remain part of the problem, rather than part of the solution.
You just dont get it do you? IF YOU HAVE TO SPEND MORE TO PRODUCE MORE PRODUCT THAT PEOPLE DONT NEED YOU ARE COSTING YOURSELF MONEY SO CANT LOWER PRICES.........
We have plenty enough oil right now no shortages at all.......SUPPLY IS NOT THE ISSUE......
Do you know if gasoline had gone up at same rate over last 50 years as all other things you buy gas would be $10 a gallon....
Why dont you complain about a new apir of shoes costing 1000 times more then 50 years ago??
THINGS GO UP IN COST/.......THE USA OUR GAS PRICES ARE JUST NOW CATCHING UP WITHR EST OF THE WORLD PRICES........
Ken Yawn

Monessen, PA

#121 Oct 8, 2012
ToManyLaws wrote:
<quoted text>
Most everything has gone up in cost....I do find it funny wh peole think herein the USA we should have $1-$2 but dont here them complai about a car costing 20-25-30K....
If gasoline had gone up at same rate as all other things here in USA gas would cost over $10 a gallon..
Gasoline should cost no more than 50 cents a gallon and that is giving the oil companies a massive profit. That also feeds the fed and state tax hogs also. About 8 to 10k is built into the cost of every car due to the bullshyt EPA regulations which do nothing for the environment. People do complain about the high cost of the junk (especially GM Junk) but the media does not report it. Other BS price hikes include bread, milk, and meat. All of the present sky high prices were predicted well over 40 years ago. The only reason for inflation is greed which the billionaire liberals are all about, GREED! Just ask Gates, Buffet, Soros, and many of the other rich liberal democrats who just love people like you who don't have the intelligence to reason or see when you are being robbed. Get a clue or remain a butt plug for the robber barons.

“Waytogo”

Since: Oct 09

Location hidden

#122 Oct 8, 2012
Ken Yawn wrote:
<quoted text>Gasoline should cost no more than 50 cents a gallon and that is giving the oil companies a massive profit. That also feeds the fed and state tax hogs also. About 8 to 10k is built into the cost of every car due to the bullshyt EPA regulations which do nothing for the environment. People do complain about the high cost of the junk (especially GM Junk) but the media does not report it. Other BS price hikes include bread, milk, and meat. All of the present sky high prices were predicted well over 40 years ago. The only reason for inflation is greed which the billionaire liberals are all about, GREED! Just ask Gates, Buffet, Soros, and many of the other rich liberal democrats who just love people like you who don't have the intelligence to reason or see when you are being robbed. Get a clue or remain a butt plug for the robber barons.
Wow all the things you seem to hate in your post you blame on the liberals when in fact it is the plutocrat wing of the GOP who supports what you hate.....

GAS PRICES TODAY IN REAL WORLD COST IF COMPARED TO ALL OTHER THINGS COST SHOULD BE OVER $10 A GALLON .......

Since: May 10

Location hidden

#123 Oct 8, 2012
ToManyLaws wrote:
<quoted text>
You just dont get it do you? IF YOU HAVE TO SPEND MORE TO PRODUCE MORE PRODUCT THAT PEOPLE DONT NEED YOU ARE COSTING YOURSELF MONEY SO CANT LOWER PRICES.........
We have plenty enough oil right now no shortages at all.......SUPPLY IS NOT THE ISSUE......
Do you know if gasoline had gone up at same rate over last 50 years as all other things you buy gas would be $10 a gallon....
Why dont you complain about a new apir of shoes costing 1000 times more then 50 years ago??
THINGS GO UP IN COST/.......THE USA OUR GAS PRICES ARE JUST NOW CATCHING UP WITHR EST OF THE WORLD PRICES........
"Well...there you go again!"

You are the one who "doesn't get it". My whole point is that it costs too much to do business in the United States, so industry is going elsewhere. When industry can make an item cheaper here, and still make as much profit from it, they will. Supply is indeed the issue, since the U.S. is no longer the only major player. China wants oil. India wants oil. They are willing to subsidize and pay for it to get it. I can guarantee to you that if production were the same today, but India and China were what they were 30 years ago, gas would be a buck a gallon.

And when the little players are allowed back into the market, and they fight to gain a market share, prices will fall through natural competitive forces.

Government, across the board, needs to get out of the oil business.

It really is that simple.

Sorry you don't understand the free market. Perhaps you should do some study.
Ken Yawn

Monessen, PA

#124 Oct 8, 2012
ToManyLaws wrote:
<quoted text>
Wow all the things you seem to hate in your post you blame on the liberals when in fact it is the plutocrat wing of the GOP who supports what you hate.....
GAS PRICES TODAY IN REAL WORLD COST IF COMPARED TO ALL OTHER THINGS COST SHOULD BE OVER $10 A GALLON .......
I don't HATE, Liberals do! I cannot be responsible for your sheer stupidity. Gas is overpriced at 51cents a gallon azzwipe!
Ken Yawn

Monessen, PA

#125 Oct 8, 2012
Cary L Nickel wrote:
<quoted text>
"Well...there you go again!"
You are the one who "doesn't get it". My whole point is that it costs too much to do business in the United States, so industry is going elsewhere. When industry can make an item cheaper here, and still make as much profit from it, they will. Supply is indeed the issue, since the U.S. is no longer the only major player. China wants oil. India wants oil. They are willing to subsidize and pay for it to get it. I can guarantee to you that if production were the same today, but India and China were what they were 30 years ago, gas would be a buck a gallon.
And when the little players are allowed back into the market, and they fight to gain a market share, prices will fall through natural competitive forces.
Government, across the board, needs to get out of the oil business.
It really is that simple.
Sorry you don't understand the free market. Perhaps you should do some study.
Liberals believe that the Federal and State government should make ALL the decisions for everyone! This is what Hitler envisioned and accomplished. Politicians are in politics for the money and power nothing else. Until we the people who are the government make the representative understand that we will continue to suffer the abuses of these power hungry scum.

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