Now may not be the best time for a a cross-country road trip.
The price of unleaded gasoline has increased by 51 cents a gallon since Dec. 20, inching closer to $4 per gallon, according to a recent CNSNews.com report.
“[T]he national average for a gallon of unleaded was $3.21.9 on Dec. 20, 2012. Today, that price is $3.73.0,” the report notes, citing data from the Oil Price Information Service.
“While there has been a steady increase, prices shot almost 9 cents just over the weekend,” the report adds. “This President’s Day also marked a full month of rising gas prices every single business day, following a very small early year drop.”
“Gas prices began rising Jan. 18, from $3.29.3-a-gallon, and have soared since. If this increase continues, gas prices could threaten or even top the all-time high price of $4.11, set in 2008,” the report adds.
But wait! There’s more:
February 2013 saw record high gas prices for the time of year according to news reports. CNBC noted the national average was the highest ever for the time of year on Feb. 1. As of Feb. 11, The Los Angeles Times reported that the national average that day ($3.587) was also a record, “7.8 cents higher than the record for Feb. 11, set last year.” Today’s price is now 17.6 cents higher than 2012.
So what’s the deal? Where is this coming from?
Well, before we try to assign blame to any one person, let’s be clear: The president alone is not responsible for the price of gas. We have to be fair about this. As we noted in October 2012, the president does play a role, but he’s not alone:
… the president does not control the price of gas. To say he is ultimately or solely responsible for increases/decreases in the cost of gas is incorrect. It wasn’t true when George W. Bush was president and it’s not true now. There are many factors that need to be considered when discussing price increases (such as the fluctuating cost of oil) and some of these are clearly outside of the president’s sphere of influence.
Indeed, from the increasing cost of crude, to OPEC reportedly cutting production by one million barrels, to production cuts and refinery closings, several factors are at play in the recent jump in the price of gas.
So there you go. The outside factors listed in the above are largely responsible for the recent explosion in gas prices.
But here’s the thing:
… by developing a robust energy plan and by encouraging exploration and investment in all types of energy, the president [could] offset … outside factors and help keep fuel prices low.
But rather than unleashing America’s energy potential, the Obama administration’s record on energy has been largely defined by multiple “green” energy failures and an almost inexplicable belligerence towards the oil and coal industries.
In other words, the president’s approach to energy has done nothing to offset the rising cost of gas.
Translation: There is some blame that can be assigned to Washington.
Now if the Obama administration were to suddenly change its mind on U.S. energy and the basic cost of crude fell, then perhaps we’d be looking at a sizable decrease in costs.
However, considering the fact that the president reaffirmed his administration’s commitment to “green” energy during his State of the Union address and the fact that conflict in the Middle East will most likely keep crude at around $90 a barrel, we shouldn’t expect it to go down anytime soon.
–
Follow Becket Adams (@BecketAdams) on Twitter
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Comments (140)
toledofan
Feb. 18, 2013 at 2:22pmI don’t think anyone in this administration really cares; the higher the price the less we use, the less we have to drill and viola the enviornment is saved from the evil capitialists. It’s really pathetic that we have such close minded people in Washington and it’s actually quite telling how they veiw Americans, basically the more they have and can afford, the less we have or can use. So, it’s the class what’s gopod for me don’t apply to us.
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michaelmoron
Feb. 18, 2013 at 2:30pmJust as I suspected.
I knew it had somethging to do with the repeal of Glass-Steagall act.
“By the time the affiliation restrictions in the Glass–Steagall Act were repealed through the Gramm–Leach–Bliley Act of 1999 (GLBA), many commentators argued Glass–Steagall was already “dead.”
http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act
Notice the Spike after 1999.
also….
1964 Quarter is real money (90% silver). In 1964 it could buy a gallon of gas.
Today it can buy much more than a gallon because it is worth nearly $5.50
In 1964 a FIAT FEDERAL RESERVE PRIVATE BANK NOTE (a dollar) could buy 4 gallons of Gas.
Today you can buy 1/4th of a Gallon.
Food for thought.
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banjarmon
Feb. 18, 2013 at 3:32pmEPA given power by congress to create rules and regulations that block things the could help keep prices down. Who enforces their rules and their power to fine corporations for infractions? Is the EPA constitutional?
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cosette
Feb. 18, 2013 at 3:33pmIt’s Bushs’ fault.
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SocialistSlayer
Feb. 18, 2013 at 4:17pmSo the Blaze asks a question but doesn’t have a clue as to the answer in the article. Glad I own plenty of Oil Stocks so I’ll get it back in Dividends !
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Walkabout
Feb. 18, 2013 at 6:21pmObama’s fault
Under his plan electricity prices would necessarily sky rocket. So it seems he has the same plans for all other forms of energy. Obama has delayed the XL pipeline so far.
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83plus
Feb. 18, 2013 at 7:40pmIt’s because we’re not keeping our tires inflated enough and have gas guzzlers for cars. You know the usual, just ask the president.
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KyleD
Feb. 18, 2013 at 8:05pmTwo months? It’s gone up that much for me in the last two weeks.
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HappyConservative
Feb. 18, 2013 at 9:34pmIt’s Bush’s fault, don’t ya know!
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Anonymous T. Irrelevant
Feb. 18, 2013 at 11:06pmIf Zero would develop a plan of domestic production, while slowly phasing out the importation of crude from the ME, we could have lower gas prices and control our own destiny, WITHOUT making the terrorists any richer. The Solar Panels and Wind Mills have proven not to be feasible, yet. Same goes for electric cars. If these green ninnys would show some sense and quit trying to bring to future into fruition, instead of being patient, we wouldn’t be in this mess. The Keystone XL pipeline is a good start to domestic production. We will need to build more refineries, and if the EPA stays off of their backs, and lets them go into production, we wil see prices go down. You are correct, Beckett, a lot of the problem has been the policies of this President, and he is not going to be friends of the oil industry all of a sudden. Congress needs to be in on the act and quit letting Zero pretend he is the Emporer.
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TexasKnight
Feb. 18, 2013 at 11:21pmIt is not Obama’s fault.
He told the american people that energy prices would have to go up.
He told us and showed us during his first term that he would stop drilling in the gulf and in our own country.
He showed us during his first term that he would greatly cut the use of coal. Yet WV, PA and VA all still voted him into office.
I repeat, it is not Obama’s fault. It is America’s fault. If you voted for this buffoon, or failed to vote, it is your fault. We now have the president this country deserves.
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jettson
Feb. 19, 2013 at 8:11amThere just ripping us off. As lone as we have Bozo in the white house we will get ripped off. You jerks put him in there. You jerks pay the price. America is going down.
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ScreaminEagle
Feb. 19, 2013 at 9:28amIt’s Simple, They’re raising prices because they can. Tyrants come from all walks of life.
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Yeah_Buddy
Feb. 19, 2013 at 11:27amJust goes to show how stupid 1/2 of America is: They voted for higher gas prices, more regulation, more debt and less freedom.
The media wants to control the news to protect their prez, so they ain’t reporting about sky high gas prices, which by the way hurts the poor the most.
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Blazer58
Feb. 18, 2013 at 2:19pmPolitician do not care about you. The king uses you like his wife. History repeats it self and your king was only a organizer. If he was a history professor he would know that During the 1970s, the toxic combination of a weak dollar, high tax rates, and onerous regulations introduced a new word into America’s economic vocabulary: stagflation. Reaganomics banished this word to the history books. Now, President Obama and Fed Chairman Bernanke are teaming up to give stagflation another try. It is not likely that Americans will like it any more this time around than they did 40 years ago. You elected a foolish king that continues to speak from both sides of his mouth. One side is for the liberal whites/media and the other side is for the blacks who always will get screwed either way.
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Joe_The_Patriot
Feb. 18, 2013 at 6:58pmObama wants to cripple this country in every single aspect…. His handler and puppet master george soros will make billions in the process and will be a major voice in the “new vorld order”
Bend over and spread your cheeks because there sticking it up our @$$…..
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atechgeek
Feb. 19, 2013 at 1:54pmThe gas shortage in the 70′s was an act performed by the government. I personally knew a ship captain of the super tankers moving the fuel. The ships sat off the coast of the US for several weeks not being allowed to deliver thier loads. This was planned and executed byt he US government. And you say it’s not Obama’s fault … I call BS.
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perry1980
Feb. 18, 2013 at 2:16pmGas was $1.78 the day Obama was elected. Now it is 4 bucks a Gallon. Wake Up America. He is driving you to tiny expensive electric cars that you don’t want or he bankrupts your account to keep yuor current car.
$8 dolllar gas in Europe and he wants to be just like them!
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DarthMims
Feb. 19, 2013 at 12:01pmTo be fair, the average price of gas when Bush took office was $1.17 ($1.53 adjusted for inflation) and spiked to the four dollar mark after Hurricane Katrina and the summer before the election. Bush didn’t have any more to do with those prices than Obama does now. With that having been said, I wish Obama would go ahead and ok the Keystone Pipeline, eliminate any barriers to offshore drilling, and tap the huge reserves in this country. It wouldn’t affect the price much, but at least supply would not be the problem.
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65Mustang
Feb. 18, 2013 at 2:16pmSit back and see what happens to electrical rates when “that man” destroys the coal industry. It was a promise he made in the 2008 campaign.
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SciPro
Feb. 18, 2013 at 2:14pmWithout the Keystone pipeline US citizens will have to obtain their gas from off shore, .. you know .. from the Arabs that hate us? .. How smart is that? … That pipeline is a smart move for the US energy strategies.. getting gas from a friendly is smart .. Obama is now making up his mind .. if America is going to smart … A ‘no’ brainer .. you would think.
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SovereignSoul
Feb. 18, 2013 at 5:11pmMost of out oil imports already come from Canada. We only import 13% of our oil from the Persian Gulf.
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Netsurfer2
Feb. 18, 2013 at 9:28pmWhy would he want us to have oil from Canada when he doesn’t like Britain in the first place??? Food for thought! His higher wealthy Dem’s can afford it, but what they want is the average citizen not to be able to afford it!
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progressiveslayer
Feb. 18, 2013 at 2:11pmIt’s simple folks put more oil and gas on the market and the price drops,have a Marxist POS in the oval office killing off the coal industry and not allowing the evil oil companies to exploit our natural resources and the price of energy goes up. Have the EPA order 10 different ‘blends’ of gas for California and have the EPA not allow another oil refinery to be built in the US for the past fifty years and the price goes up.
It aint rocket science folks,okay for your typical Obamazombie it is but for normal people it’s a simple concept of supply and demand. Also end all green energy BS programs,we’ll have to wait until Barry decides to step down on that one though.
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GhostOfJefferson
Feb. 18, 2013 at 2:11pmAllow me to show you the Leftist response to this article:
“… the president does not control the price of gas. To say he is ultimately or solely responsible for increases/decreases in the cost of gas is incorrect. ”
That’s right! You can’t blame Obama, you people clearly don’t understand the markets you think you stand for, it’s a miracle that you’re able to breath without an instruction manual! You blame Obama for everything when clearly our Lord and Savio….er…President is an innocent man of the people just trying to help! You’re stupid and dumb and morons and idiots! And you’re racist and your wanting to blame this on Obama is just a thinly concealed racism that you can’t hide from us smart people!
“It wasn’t true when George W. Bush was president ”
(fingers in ears) “la la la la la la la la I can’t hear you la la la la la la la…”
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circleDwagons
Feb. 18, 2013 at 5:26pmGhost. You need to add that the people should be on their knees thanking Obama that the price is only….. Besides it is not your money anyway
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YOURSENSEI
Feb. 18, 2013 at 5:52pmMr or Ms GHOSTOFJEFFERSON,
This is what you must know:
““… the president does not control the price of gas. To say he is ultimately or solely responsible for increases/decreases in the cost of gas is incorrect. ” = Conservatives four years go.
Zero sum political groupthink plain and simple. Juvenile. Part of the problem.
It is so.
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LIBERTARIAN T38
Feb. 18, 2013 at 7:55pmYoursensei is back! Hide the little boys! When he takes a break from his job as Jerry Sandusky’s successor, he comes here to make moronic statements. Amazing.
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Zipit
Feb. 18, 2013 at 9:07pmBut Wang! This has been Huessein’s plan all along! You knew it, and you voted for it! Hope you’ve been saving your welfare/unemployment checks!
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YOURSENSEI
Feb. 19, 2013 at 10:17amMr or Ms LIBERTARIAN T38,
this is what you must know;
Amazing how consistent right wing extremists and religious conservatives are. Their first reaction is ALWAYS one of two things, no matter what the discussion, and that is fecal matter or the sexual abuse of young boys. Don’t take my word for it, read yourselves.
It is so.
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KidCharlemagne
Feb. 18, 2013 at 2:03pmThe Federal Reserve controls the price of gas (thank you Chairman Bernanke!):
————————————————–
“Prices for gasoline were fairly stable from 1990 to 1999, oscillating around 100 mg/gal. From 2000 to 2008, they became more volatile, varying from 100 to 200 mg, and averaging about 140 mg. In late 2008, as the economy collapsed, gas prices fell to a new low of 57 mg, and remain around 70 mg today. Yet over the time period covered by this chart, the dollar price of gas has gone from a little over $1.00 per gallon to around $4.00 per gallon.
As a child, I often saw gasoline for 25 cents per gallon – in the days when that meant a silver quarter. The melt value of that quarter today is almost $6, another way of pointing out that today’s fuel prices, rather than being high, are actually close to their historic lows!”
PricedInGold.com: “US Retail Gasoline Prices in mg of Gold per Gallon”
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GhostOfJefferson
Feb. 18, 2013 at 2:13pmThat ignores improvements in technologies. It is true that on an hour worked cost basis, it’s cheaper. But cheaper only when compared to a time when technology was nowhere nearly as efficient as today. It’s kind of apples and oranges.
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michaelmoron
Feb. 18, 2013 at 2:32pm@Kidcharemagne
Wow. I saw your post about a Gallon and a Quarter after I made my post above.
I also reposted a quote you sent me back in september, on another thread.
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zman173rd
Feb. 18, 2013 at 3:26pmSounds like an irrational excuse. Does that mean that I can offer the gas station a silver quarter for a gallon of gas and they have to take it? Your explanation seems to lack common sense and equates to why the government has the right to increase prices and can also over time increase taxes for that same gallon of gas. Having spent time in Europe I understand the our nation has lower gas prices than many others. I also understand the price will never be less than two dollars a gallon again. But increased taxes along with decreased income doesn’t make the Quarter any more worth a gallon today than it was 60-70 years ago. Why not compare the price of a pack of wrigley’s gum from a nickel for 5 sticks to $1.00 plus now. Supply and Demand? hardly.
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KidCharlemagne
Feb. 18, 2013 at 4:44pmGhostOfJefferson
Posted on February 18, 2013 at 2:13pm
That ignores improvements in technologies.
========================
No it doesn’t.
All goods and services that are tradeable are subject to the law of supply and demand….
What most (uneducated) people don’t realize though is that currencies are also subject to the law of supply and demand as well:
Foreign Exchange Market
If you turned this into a function, then it would look something like this (where market value = the point at which supply and demand intersect):
total cost = market value of commodity itself + market value of agreed upon currency used to conduct the transaction
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Zipit
Feb. 19, 2013 at 1:13amDon’t exactly know what my point is, but the all silver quarter ceased to exist in 1964, when gas was about .25 cents! In 1964, an all silver quarter was worth 25 cents. In 1965 a quarter was worth 25 cents! Today, a quarter is still worth 25 cents! Today, it would take me 16 quarters to get that same gallon of gas, not really having anything to do with the demand driven price of silver! I’m not sure in this case that there is any correlation between the normal inflationary cost of gasoline and a 1964 silver quarter! SO! Get along, get along Kid Charlemagne, get along Kid Charlemagne…………..
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YOURSENSEI
Feb. 19, 2013 at 10:49amMr or Ms ZI{IT,
This is what you must know:
“Don’t exactly know what my point is . . . ”
Indeed. I’ll be reminding you that you said that.
It is so.
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huey6367
Feb. 18, 2013 at 1:58pmObie, if you open up federal lands for oil extraction/exploration the price would go down and you would be viewed as a hero. But that might piss off the environmental base and that would be bad for your re-election in 2016.
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AbrahamsSheepdog
Feb. 18, 2013 at 2:19pmTrue, but he does same old patterns every time to consider chaos & poison us. He doesn’t care, he wants tax.
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KidCharlemagne
Feb. 18, 2013 at 5:37pmhuey6367
Posted on February 18, 2013 at 1:58pm
Obie, if you open up federal lands for oil extraction/exploration the price would go down
=====================
It has gone down though:
——————————–
“The flood of new oil production throughout the middle of the country has created a backlog in Cushing while shippers wait in line to move the crude to refineries on the Gulf Coast.
A slew of new pipelines promises to relieve the glut, but most of the planned lines are still under construction.
Full relief is not expected until 2015.
The excess crude has suppressed prices for local producers, driving down the sales price as much as $20 a barrel as compared with international prices.”
NewsOK.com (Feb. 13, 2013): “New pipelines will relieve Cushing oil glut — eventually “
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KevINtampa
Feb. 18, 2013 at 1:56pmHold on to your lead, the bubble is about to burst again. This time we crash into the side of the mountain I’m afraid.
Probably too late to buy freeze dried food.
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cemerius
Feb. 18, 2013 at 1:54pmha ha ha “turmoil in the middle east”…..ONE aspect that is being MISSED by ALL of the pundits and talking heads… the MAIN reason prices in gold have sky rocketed and the price of gas is through the roof is…..the VALUE of the dollar is falling faster than and Quantitative easing can EVER do!!
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IMCHRISTIAN
Feb. 18, 2013 at 1:48pmAfter all these many years, I am afraid we have a thoughtless, careless, egotistical, dictator President. My prayers are for all those that have morals and ethics to can make this a better Country again.
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Stoic one
Feb. 18, 2013 at 1:48pmAfter all of the screaming is done by the progs about gun control, they will look around and say “Five bucks a gallon?? WTF when did that happen?”
The only reason the msm is FINALLY looking at this–?— polling data says people are starting to get pi$$ed.
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Newone
Feb. 18, 2013 at 1:41pm“” Keystone Pipeline , Natural Gas Fracking “” , why are all the pipelines headed for New Orleans area?
The answer “”Natural Gas being liquefied”” oil being pumped on to big tanker ships going to other countries, big oil companies and Natural Gas Companies getting richer off of the American people’s Natural Resources.
The American people they are not going to benefiting from their Natural Resource, and never will.
Energy Independent from other countries NOT ! . Just too much money in it for the U.S. 2% fat cats.
“”Wake up America we are being ripped off”” and they are doing it right under our noses, the 2% fat cats laughing all the way to the low tax off shore banks.
And our president of the United States and his cronies know all about this, how could they not know.
Look at the big picture, why do you think the president is going to focus on green energy, because American Natural Resource Energy is going to be sold to other countries. $$$.
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civilwarcometh
Feb. 18, 2013 at 1:47pmOR?http://weaselzippers.us/2013/02/18/obama-my-climate-change-policies-make-energy-a-little-more-expensive/
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UNALIEN
Feb. 18, 2013 at 1:54pmyour big oil demonization is progressive propaganda,,,
85% of global oil production is STATE or Government owned..
Governments benefit from restricting supply and driving up the price of oil…
you have it completely backwards… it is market manipulation against the free market
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siguy62
Feb. 18, 2013 at 1:55pmRelativey simply if not easy to accomplish solution.
1) Huge increase in permits.
2) Production sold in USA axed at a much lower rate
3) Increase in exports over current levels taxed at obcene rates.
4) All incresed taxes from exports sent back to the citizens of the states (like they do in Alaska)
5) We move toward independance while the oil companies make more pofits while we pay less for energy an everything that requires energy (BTW- That’s everything
6) USA job creation explodes.
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redfish52
Feb. 18, 2013 at 1:59pmThe price of fuel is going right where the POTUS said he wanted it….but he will blame the bad old oil company’s for being so greedy. He thinks the price of gas going sky high will fast track his Green Energy Program.
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turkey13
Feb. 18, 2013 at 2:02pmYou folks have it all wrong. Haven’t you ever noticed that gas goes up before holidays. Today is one and the prices are up just in time for spring break. All those kids have to get to the beaches no matter how expensive. Mom & dad have trips planned and it will break the kids hearts if they cancel because of a few extra bucks.
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katzkiner
Feb. 18, 2013 at 10:07pmChinese oil companies are drilling in Wyoming and several other western states Guess where the oil goes.
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AUsername
Feb. 18, 2013 at 1:34pmquestion is what creatures are driving up the prices than we know who to go after.
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civilwarcometh
Feb. 18, 2013 at 1:42pmActs of treason by court clerks at SCOTUS….http://www.orlytaitzesq.com/?p=391915
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Gonzo
Feb. 18, 2013 at 1:44pmTry that again in English.
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civilwarcometh
Feb. 18, 2013 at 1:51pmScrew gas prices our government is at war with it’s own citizens. COMMUNISM!http://weaselzippers.us/2013/02/18/pelosi-obama-can-keep-drone-strikes-against-american-citizens-a-secret/
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ENIGMA28724
Feb. 18, 2013 at 1:30pmAs many of us predicted, it began to rise after Dear Leader’s election and hasn’t stopped since. What a perfect way to ruin what is left of the US economy than to jack up the price of energy to the point no one can afford to use it and then production of all US products will fall and prices rise. If Dear Leader had permitted offshore drilling we would now be 4 years closer to energy self sufficiency instead of 4 years closer to economic collapse.
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carhouse
Feb. 18, 2013 at 1:41pmYes He is SOLEY to blame other than his handelers of course.
This is by design and intended to hurt the US and husain is all in
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Chuck7884
Feb. 18, 2013 at 1:28pmGot to Pay For the pipeline.
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ENIGMA28724
Feb. 18, 2013 at 1:31pmThe one Dear Leader won’t let us build?
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Stoic one
Feb. 18, 2013 at 1:36pmFirst we must pay for the pipeline… then he will give that money to a green energy project.
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Newone
Feb. 18, 2013 at 1:38pmNo the big oil companies want the Keystone pipeline to go through, the way they are going to do it they’re going to use blackmail keep going up in the price of gasoline.
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CatB
Feb. 18, 2013 at 1:46pmIt was my understanding that Canada was going to “pay” for the pipeline .. and we were going to get jobs … which would mean more taxes paid to the feds .. which would HELP the economy …. Obama doesn’t want that!
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Snowleopard {gallery of cat folks}
Feb. 18, 2013 at 1:27pmSo we see once again the consequences of Obama’s ‘no-domestic production on federal lands’ and ‘green energy’ madness wrapped up into one. The domestic production of oil, gas, fracking and such on PRIVATE property is under constant threat from the EPA and administration via regulation heaped on regulations.
Remember Obama declared your energy bills will skyrocket?
Four years of Obama’s communist madness and uttermost failures is now beginning to be seen. If he had allowed the development of resources at home than the moves of OPEC would be lessened or even negated.
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Gonzo
Feb. 18, 2013 at 1:25pm“The president alone is not responsible for increase in gas prices. We have to be fair about this.” Why do we have to be fair? I remember rising gas prices being Bush, Cheney and Haliburton’s fault a few years ago.
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ENIGMA28724
Feb. 18, 2013 at 1:32pmIt happened on Obozo’s watch so it’s his fault.
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Gonzo
Feb. 18, 2013 at 1:48pmWhen prices spiked under Bush, he opened up more federal land for drilling, price went down even though we didn’t get in there and start drilling. Obama immediately closed those fed lands and prices went up. He has done nothing to help, so it’s his fault.
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kadster01
Feb. 18, 2013 at 1:50pmSick and tired of our side always being mealymouthed about being fair when our enemies are NEVER fair to us.
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Jenny Lind
Feb. 18, 2013 at 1:24pmIn the words of my grandkis-well dud-and the answer is, the election is over. No matter what kind of BS they come up with, it went down before the election, came back up after. So the next question is-who is suprised? Not me.
Off topic, but did anyone else have an invisable kid named “not me”?
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WillG
Feb. 18, 2013 at 1:23pmThe Dalai Bama will do nothing to invest in America’s energy potential. Simply not part of his plan.
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Jenny Lind
Feb. 18, 2013 at 1:26pmBingo!
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Cavallo
Feb. 18, 2013 at 1:31pmIt is actually contrary to their plan. Cheap energy means greater efficiency in production and a higher standard of living. This creates less dependance on the aristocratic rulers in government. The common serfs must be deprived of cheap energy, their standards of living dropped, their enslavement that much more certain.
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jettson
Feb. 19, 2013 at 8:15amHe want to destoy America. Hes doing a good jog. Not long to the end now. Obama sucks
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media-bias-steals-elections
Feb. 18, 2013 at 1:22pmEvery dime sent to an Islamic state, supports the religion of Islam, and they get a lot of money from people who are not getting their civil rights violated?
Give me a system that shows me where that gallon of gas comes from, so I can at least have a choice please?
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GhostOfJefferson
Feb. 18, 2013 at 2:07pmOil is a fungible commodity, how precisely could anybody know, with any degree of certainty, which particular barrels of bulk acquired oil would be going specifically in your gas tank in distilled form?
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bumfuzeled
Feb. 18, 2013 at 4:30pmYou actually can find who buys the most foreign oil with a few simple googles. Seems Exxon/Mobil and Shell are the largest consumers of foreign oil with company’s like Valero and Murphy (Wal-Mart, Sam’s Club) utilizing almost 100% domestic production. BP is somewhere in the middle
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Sua-Sponte
Feb. 18, 2013 at 5:03pmGhost is correct . . . however, you have a better chance of pumping non-Middle East oil in you tank from branded companies such as Sunoco, Conoco/Philips, Hess & B.P.
Citgo would be another . . . but the Chavez connection is, in my mind, just as bad.
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UNALIEN
Feb. 18, 2013 at 1:21pmWhy, the Progressive Left elite is colluding and partially funded by Middle East State oil money to drive up the cost of energy,, why,, the Middle East oil has peaked, they want to sell less oil at a higher price per barrel to extend its resource. The Progressives are doing everything they can to support and protect middle East State oil and restrict the expansion of supply through the free market production…
This is Fascism, crystal clear, everyone benefits except the American people. Market manipulation by subverting the free market,,,
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UNALIEN
Feb. 18, 2013 at 1:29pmWE have to raise the cost of energy to save the economy…
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hauschild
Feb. 18, 2013 at 1:20pm“Why Have Gas Prices Risen 51 Cents in Two Months?”
Uh……..supply and demand???
Can’t believe after years and years and years of this nonsense, idiots still don’t want to accept the fundamental laws of economics and resource scarcity. It used to be shocking until I realized this country has seriously been dumbed-down over the past 30 years.
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Railroaded
Feb. 18, 2013 at 10:49pmT]he first law of economics is scarcity, and the first law of politics is to disregard the first law of economics.
Thomas Sowell
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CatB
Feb. 18, 2013 at 1:19pmhttp://www.youtube.com/watch?v=HlTxGHn4sH4
Did people think it would only be electric rates?
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Snowleopard {gallery of cat folks}
Feb. 18, 2013 at 1:28pmAs you know CatB I have been warning of this for years, and still not many Americans will believe us.
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CatB
Feb. 18, 2013 at 1:42pmYes SNOW .. many of us tried to sound the alarm on Obama and his regimes plans .. but people would not listen, didn’t hear, BELIEVED THE MSM that he was on “their side” etc. Now that the election of a second term has happened .. the consequences are beginning at full steam … Obamacare(tax) and other consequences of electing and MARXIST.
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progressiveslayer
Feb. 18, 2013 at 2:18pmThese progressive pukes will do everything in their power to artificially raise the cost of fossil fuels to lower our standard of living and reduce our freedom. Cheap energy equals freedom and this Marxist regime will have none of it,anything to stifle the private sector and kill it off eventually so the state can gain more power and control over us. These so called ‘green energy’ BS programs need to be stopped as well,they’re just helping to raise the cost of fossil fuels and putting us further in debt.
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