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Gas prices could spike 60 cents or more by May

Discussion in 'Political Discussion' started by Real World, Feb 10, 2012.

  1. Real World

    Real World Rookie

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    Where's the outcry?


    Gas prices could spike 60 cents or more by May

    By Gary Strauss, USA TODAYUpdated 4d 2h ago Comments 82


    After rising 19 cents a gallon in the past four weeks, regular unleaded gasoline now averages $3.48 a gallon, vs. $3.12 a year ago and $2.67 in February 2010.

    Prices could spike another 60 cents or more by May. "I think it's going to be a chaotic spring, with huge price increases in some places," says Tom Kloza of the Oil Price Information Service. Kloza expects average prices to peak at $4.05, although he and other industry trackers say prices could be sharply higher in some markets.


    Gas prices could spike 60 cents or more by May
  2. JackBauer

    JackBauer Rookie

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    Why would there be an outcry, and against whom?
  3. Drewski

    Drewski Rookie

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    #87 Jersey

    Is this taking into account Deval's plan to raise the gas tax another 20-30 cents a gallon here to subsidize people riding the T?

    Good grief....
  4. Holy Diver

    Holy Diver Rookie

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    BY the same token...

    Gas prices COULD go down by $3.00/gal by May also....

    where is the UN-outcry!!!???
    Last edited: Feb 10, 2012
  5. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Why would anybody be surprised. It is the logical outcome of the administrations energy policy.
  6. JackBauer

    JackBauer Rookie

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    You mean the policy that has domestic oil production at an eight year high? The same policy that has foreign energy consumption at a 20 year low? You mean that policy?
  7. Real World

    Real World Rookie

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    Is that the same one that has resulted in a 90% increase in the price of a gallon of gas since January 2009? :confused2:
  8. JackBauer

    JackBauer Rookie

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    It helps to read the articles you post.

    Also, if you could show your math or cite your numbers, that'd be grrrrreeat.
    Last edited: Feb 10, 2012
  9. Holy Diver

    Holy Diver Rookie

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    lets see...domestic production is UP


    prices are HIGH


    profits are skyrocketing for oil companies....



    sounds exactly like the raping, greedy human nature we've all grown to know and love.
    Last edited: Feb 10, 2012
  10. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Links?

    You realize it takes a few years for a field to come online?

    Wanna check on the number of new leases? Or the drilling rigs that have elft the Gulf. Or the refusal to allow the pipeline from Canada, or the refusal to drill in AK of off the Atlantic or Pacific coast?

    As to imports being at a low think decreased economic activity.
  11. JackBauer

    JackBauer Rookie

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    http://www.politifact.com/truth-o-m...-obama-says-us-oil-production-eight-year-hig/

    Somehow I think most of what you write isn't exactly...true.

    And, yeah, it's a shame we don't have that Keystone pipeline up and running. That totally would've helped gas prices this summer.
  12. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Remember how they kicked the sh!t out of Bush when gas went up.

    Now Barack Hussein Obama,,,,shhhhhhhhhhhhhhhhhhhhhhhhhhhhh

    HOPE CHANGE YES WE CAN
  13. Holy Diver

    Holy Diver Rookie

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    wow....seems like someone has rose glasses. What color does that make the falling sky look?

    Bush admitted he hadn't even HEARD about $4.00/ gallon gas.

    Bush seems surprised at predictions of $4 gasoline

    Last time I filled up, it was $3.70
  14. Real World

    Real World Rookie

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    Link
    When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon, an increase of 26 percent. By December 2011, the price of regular unleaded gas per gallon was $3.28, an 83 percent increase from January 2009.

    It's up 9 cents to $3.37 as of January 2012.
  15. JackBauer

    JackBauer Rookie

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    Thanks. Funny article, btw.
  16. Patsfanin Philly

    Patsfanin Philly Rookie

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    Gas Price Historical Price Charts - GasBuddy.com

    While technically true ( up 90%), it is still lower than June 2008. The reason gas prices dropped from $4.00 to 1.61 in late 2008 and early 2009 is that the economy went into the sh*tter and everybody thought we were going into Great Depression 2.0 with demand stalling and prices falling due to lack of demand....
  17. JackBauer

    JackBauer Rookie

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    Good point.
  18. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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  19. Titus Pullo

    Titus Pullo Banned

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    You just can't help yourself, can you?

    No idea what you're ever talking about regarding energy, proven time and time again, and yet you spew so arrogantly.

    Very well. But it is good to see you're learning SOME things as you go along (despite trying to make it sound like you knew all along). :rolleyes:
    Last edited: Feb 10, 2012
  20. Titus Pullo

    Titus Pullo Banned

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    up because we've expanded heavy oil production due to desperation... at enormously higher cost.

    It's all FAR less efficient in terms of energy returned on energy invested, which in the long run is the only equation that matters.
  21. Real World

    Real World Rookie

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    I think the point is sound, but understand that the consumption of gasoline in the US tanked in 2011, and the IEA has lowered it outlook on demand for the 6th consecutive month.
  22. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    So how do you explain the 65% rise in the stock market since Obama was inaugurated?

    That would be an "illogical outcome" to you?

    You DO understand that energy prices rise with increased demand - - - - oh, now how does that occur?????? - - - with more factories operating 3 shifts......with more people working and commuting - - - - with more people traveling for business------ oh, yeah.

    Expect the price of EVERYTHING to go up over the next several years.

    50 million people per year in the developing world are becoming the first generations in their ancestries to leave subsistence farming and enter middle class cities. That is going to put tremendous inflationary pressure on the cost of all natural resources.

    Stock portfolios are handily beating the inflation rate for the past 3 years - - would that the previous President been able to deliver the same achievement over his 8 disastrous years.

    People forget where our nation was in January 2009.

    Thank you, Barack Obama, for saving our country from the incompetence of George W. Bush.
    Last edited: Feb 10, 2012
  23. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    You mean that wasn't an economic accomplishment by the previous President?????

    Real World will be shocked.

    Good ol' W. He brought down the price of gas for 6 months.

    Too bad he brought down the price of a common stock for 8 years.
    Last edited: Feb 10, 2012
  24. chicowalker

    chicowalker Rookie

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    The stock market only counts when it's doing poorly. That's why 13 and his ilk were posting about the market when they thought things were bad -- and even then, the claims were wrong.
  25. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    I don't know anything.
  26. Real World

    Real World Rookie

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    Hey, well if it isn't Tommy "talking point" TARP. How's that taxpayer funded resurgence of your stock market portfolio, and that of your clients doing?

    The only thing I'd be shocked over, would be a prediction of yours coming true, or you saying anything that doesn't inlcude a DNC talking point.
  27. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    Such a substantive reply. You have no defense against the factual truths stated in my post.

    Evidently, when you have no ammunition, just namecall.

    Pathetic.

    I'll just count my money, accept the gratitude of my clients and thank Barack Obama who saved our nation's economy.

    You can complain about the high cost of gasoline without understanding anything about economics while pining for the 'good ol' days of January 2009' when W. brought down the cost of gasoline just as an arsonist heats a house.

    Facts talk and bull**** walks, "Real World"
    Last edited: Feb 10, 2012
  28. Real World

    Real World Rookie

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    We've been down this road with you how many times? More days in first place. That's a "factual truth" that your posts have a lot in common with.

    More days in first place. ;)
  29. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    The man who is a legend in his own mind spews yet again and says nothing....:singing:
  30. PatriotsReign

    PatriotsReign Rookie

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    Now THAT would be a good reason for an outcry!!!!!

    If he does, I encourage anyone living near a state border to buy their gasoline in another state.

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