Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

[dmcowen674]

4-9-2012

http://www.usnews.com/news/blogs/wa.../gas-prices-grow-more-under-obama-than-carter

Gas Prices Grow More Under Obama than Carter


Obama has seen an even higher gas price increase than Carter dealt with under his administration.

Under the Carter administration, gas prices increased by 103.77 percent. Gas prices since Obama took office have risen by 103.79 percent. No other presidents in recent years have struggled as much with soaring [COLOR=#005497 !important][FONT=inherit !important][COLOR=#005497 ! important][FONT=inherit ! important]oil [/FONT][COLOR=#005497 ! important][FONT=inherit ! important] [/FONT][/COLOR][COLOR=#005497 ! important][FONT=inherit ! important]prices[/FONT][/COLOR][/FONT][/COLOR][/COLOR].

Under the Reagan administration, gas prices actually dropped 66 percent.
===================================================
It's clear, only Republican President Romney can bring gas prices back down.

 

[Svnla]

Just filled up today.

$3.54/gal regular x 13.xx gals or so ~ $47.xx total.'

Would last about 3 to 4 weeks (thanks goodness for <5 miles/day to work>

 

[Doppel]

I don't see anyone ever seeing any less for gas. Gas prices continue to raise, eating any possible profits that our new technology like hybrids could generate. 12 year payoffs? It's all gone. In 20 years everyone will be making due in micro cars, gas will be 12$ a gallon because "demand is low so we need to make up profits", and services will be through the roof because the contractors ect that need a truck to perform any work won't be able to afford to drive them.

It's really no different than, say, a business. Business A pays a bunch of money to buy software to kick the pants off Business B. Business B responds in kind by buying the same software. Neither edges the other out.

 

[blackangst1]

Obama is only the second POTUS to have gas prices double under his administration. Not really directly his fault though.

 

[Sunburn74]

I have been researching buying an electric car in the next 2 or so months. It seems the obvious thing to do. Honestly gas will just keep rising and rising. Next year it'll probably be 50 dollars a gallon. The year after maybe 6.

Might as well get in early now on what will probably be the final destination for American transportation.

 

[dmcowen674]

Just filled up today.

$3.54/gal regular x 13.xx gals or so ~ $47.xx total.'

Would last about 3 to 4 weeks (thanks goodness for <5 miles/day to work>

Guess you didn't see all the social networking sites that said don't fill up on April 15th.

Anyway not that $3.54 is cheap but that is a lot lower than up here still.

Still ~$4.29 here in the burbs and still ~$4.50 + in the city.

 

[heymrdj]

It's really no different than, say, a business. Business A pays a bunch of money to buy software to kick the pants off Business B. Business B responds in kind by buying the same software. Neither edges the other out.

In a way it is. You're talking about a one time cost item (or yearly subscription) that goes against currently made profits, which a business has the opportunity to make more or less of. Wages on the other hand are stagnant as hell in the grand scheme of things, and those wages are used to pay for something that the majority of Americans don't have a choice in purchasing (no ride to work? you're fired.) Gas continues to increase, eating more and more into stagnant wages that a family makes procuring further cutbacks.

To my earlier point, people that drive SUV's are landblasted for their lack of responsibility to the government blah blah blah while enjoying comfort. But what's the reward for moving to the new technology? Gas is so high that you'll never see any savings compared to that new car payment you have to make. As long as gas prices continue going up and the american wage stagnantes, you're only shafting yourself to pay any premium whatsoever for better mileage, ozone layer be damned.

 

[wirednuts]

I have been researching buying an electric car in the next 2 or so months. It seems the obvious thing to do. Honestly gas will just keep rising and rising. Next year it'll probably be 50 dollars a gallon. The year after maybe 6.

Might as well get in early now on what will probably be the final destination for American transportation.

yeah but you spend a 20k premium to get an electric car, and to spend that in gas would take a couple decades and by that time your electric cars batteries are shot and need a 10k replacement pack. in the long run, 5 (or 6 or 7) dollar a gallon gas is still cheaper

 

[dmcowen674]

That's why I switched to Motorcycle.

Still uses gas but gets almost 60 miles per gallon.

 

[heymrdj]

yeah but you spend a 20k premium to get an electric car, and to spend that in gas would take a couple decades and by that time your electric cars batteries are shot and need a 10k replacement pack. in the long run, 5 (or 6 or 7) dollar a gallon gas is still cheaper

Don't forget our quickly aging e-grid, you think that electricity prices are going to stay anywhere near the same especially when people start charging their cars? If we move to an all electric transportation system, the oil cartels will disappear and we'll get electricity barons instead. Obviously you can't shop competitively for electricity, so they'll just set it to whatever the market can bear in the absence of oil. I would think at least double if not triple the current rates.

 

[Ninjahedge]

Thing is, you can find ways to generate your own Electricity, while you really can't do the same with Gas (ignoring using used cooking oil as a combustible in slightly modified diesel engines...).

Electricity can also be generated by alternate means. You CAN do Nuclear, Solar, Wind, Geothermal, Hydroelectric and others on a larger scale as a utility than individual generation.

As for the electricity quote, we may be using less electricity per capita, but we are still using more power (more "capita"s). Also, if the fuel you use to generate the electricity costs more, well guess what happens to the cost of the electricity itself?


Bottom line is we need a cheap, clean, renewable source that we can sustain INSIDE OUR OWN BORDERS.

As soon as we pull away from fossil fuels, we cal let the Middle East go back to being desert nomads fighting over their own crap rather than getting our soldiers killed defending a resource we are shackled to.

 

[heymrdj]

Thing is, you can find ways to generate your own Electricity, while you really can't do the same with Gas (ignoring using used cooking oil as a combustible in slightly modified diesel engines...).

Electricity can also be generated by alternate means. You CAN do Nuclear, Solar, Wind, Geothermal, Hydroelectric and others on a larger scale as a utility than individual generation.

As for the electricity quote, we may be using less electricity per capita, but we are still using more power (more "capita"s). Also, if the fuel you use to generate the electricity costs more, well guess what happens to the cost of the electricity itself?


Bottom line is we need a cheap, clean, renewable source that we can sustain INSIDE OUR OWN BORDERS.

As soon as we pull away from fossil fuels, we cal let the Middle East go back to being desert nomads fighting over their own crap rather than getting our soldiers killed defending a resource we are shackled to.

Only nerds can generate their own electricity. Solar is not an economically feasible way for homes to charge their vehicles (a solar array large enough would costs thousands of dollars). Not to mention space requirements (apartment dwelling does not lend itself to solar arrays for car charging).

As for the rest of your recommendations, yes that's grid power, which is also monopolized. You made nothing to my point that the we'd just move from oil barons to electricity barons. When the commodity becomes a requirement for people to make an ends meet, the capitalist way will charge absolutely every penny that the backs of the Americans can pay.

 

[EagleKeeper]

Only nerds can generate their own electricity. Solar is not an economically feasible way for homes to charge their vehicles (a solar array large enough would costs thousands of dollars). Not to mention space requirements (apartment dwelling does not lend itself to solar arrays for car charging).

As for the rest of your recommendations, yes that's grid power, which is also monopolized. You made nothing to my point that the we'd just move from oil barons to electricity barons. When the commodity becomes a requirement for people to make an ends meet, the capitalist way will charge absolutely every penny that the backs of the Americans can pay.

Presently electricity is regulated. Oil is not.

 

[heymrdj]

Presently electricity is regulated. Oil is not.

Not well enough to prevent crippling. All the energy costs have been increasing at a rate faster than income has. If energy lobbyists cried to big daddy government it wouldn't take a week for them to get skyrocket price ceilings that they are after.

This is a good read on how they are already monopolizing the system and it's just getting started!

http://gigaom.com/cleantech/electric-car-charging-lets-not-make-this-more-complicated/

Like we need another cell phone model in America.

 

[Lemon law]

This entire thread is based on a false premise. Because Gasoline prices today are about the same today as they were in 6/2008. But by 9/2008 the news started leaking out that lax regulation of the banking sector was going to to require extensive bail outs due to fraud, especially in the real estate mortgages. In short GWB&co lax financial oversight was a prime cause in international financial crisis that endangered almost every economy in the world. And the cure, shrank the economic output of every nation on earth. Which in turn led to less demand for oil, so shortly before Obama took office, the price of US gas at the pump was more than cut in half.

And now, because most world economies are improving, demand for net world oil is back up, and US gas pump prices are basically up to 6/2008 levels. As oil speculators try to push oil prices up even higher over uncertainties in the mid-east.

 

[Jaskalas]

This entire thread is based on a false premise.

Inflating a bubble to raise prices isn't always a good thing.

 

[dmcowen674]

This entire thread is based on a false premise. Because Gasoline prices today are about the same today as they were in 6/2008. But by 9/2008 the news started leaking out that lax regulation of the banking sector was going to to require extensive bail outs due to fraud, especially in the real estate mortgages. In short GWB&co lax financial oversight was a prime cause in international financial crisis that endangered almost every economy in the world. And the cure, shrank the economic output of every nation on earth. Which in turn led to less demand for oil, so shortly before Obama took office, the price of US gas at the pump was more than cut in half.

And now, because most world economies are improving, demand for net world oil is back up, and US gas pump prices are basically up to 6/2008 levels. As oil speculators try to push oil prices up even higher over uncertainties in the mid-east.

What?

I wasn't paying $4.29 a gallon in June 2008.

 

[dmcowen674]

All the energy costs have been increasing at a rate faster than income has.

Re-distribution of wealth to the Corporations :thumbsup:

Looking forward to $20 gallon gas and $600 electric bill

 

[Lemon law]

What?

I wasn't paying $4.29 a gallon in June 2008.

----------------------------------------------------------------------------------------
But you were paying very close to it. Your defective memory does not square with the facts.

as this link will prove.

http://gasbuddy.com/gb_retail_price_chart.aspx

Not sure how the link will display, if you don't see a five year chart, you may have to click the 5 yr tab.

edit in confirm, yes you will have to click the 5 year tab,

 

[dmcowen674]

Oil back up over $103

4-16-2012

http://finance.yahoo.com/q?s=clk12.nym

Crude Oil May 12 (CLK12.NYM)

-NY Mercantile

103.18

0.25(0.24%) 6:43PM EDT


Day's Range:103.13 - 104.55

 

[Doppel]

I have been researching buying an electric car in the next 2 or so months. It seems the obvious thing to do. Honestly gas will just keep rising and rising. Next year it'll probably be 50 dollars a gallon. The year after maybe 6.

Might as well get in early now on what will probably be the final destination for American transportation.

It's not, and I say this as somebody who's been reading about these for a long time, and I do own a hybrid. The best electric car out there now is the Leaf but there's just no way to economically defend its purchase, even at $6/gallon--which I'm sure the US absolutely cannot withstand any time soon without major demand destruction. My guess is I'll own an EV before anybody else I know, but no time soon.

People in CA, for example, can pay huge prices for electricity as they get to the higher priced tiers, and those in the north suffer substantial range reductions in the winter. We just need larger and cheaper batteries.

 

[WhipperSnapper]

A couple years ago when the gas prices first jumped up past $3 or $3.50, I remember hearing stories about how SUVs were no longer selling and about how people could not get rid of them. "I'm having a hard time selling my Cadillac SUV that I purchased for $70,000 a year ago for $25,000 today."

However, I haven't heard any stories like that recently. How have the high gas prices been affecting SUV sales? Are people having a hard time selling their used SUVs and pickup trucks?

 

[blackangst1]

A couple years ago when the gas prices first jumped up past $3 or $3.50, I remember hearing stories about how SUVs were no longer selling and about how people could not get rid of them. "I'm having a hard time selling my Cadillac SUV that I purchased for $70,000 a year ago for $25,000 today."

However, I haven't heard any stories like that recently. How have the high gas prices been affecting SUV sales? Are people having a hard time selling their used SUVs and pickup trucks?

SUV and pick up truck sales are up from last year.

Light duty trucks up 7%.
Pick ups up over 12%.
Midsize SUV up over 17%.
Large SUV down almost 8%.
Small SUV up over 26%.
Luxury SUV up over 9%.

 

[Rebel44]

SUV and pick up truck sales are up from last year.

Light duty trucks up 7%.
Pick ups up over 12%.
Midsize SUV up over 17%.
Large SUV down almost 8%.
Small SUV up over 26%.
Luxury SUV up over 9%.

That just show that people might start to care only if prices of gas go much closer to prices in europe (8$ per gallon).

 

[dmcowen674]

I love the comments folks post in Yahoo.

4-19-2012

http://finance.yahoo.com/news/oil-h...BzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Oil hovers above $104 after US crude supply jump



Oil prices hovered above $104 a barrel Wednesday in Asia after a report showed U.S. crude supplies jumped more than expected for a fourth week, suggesting demand remains weak.

Crude has traded above $100 most of this year as an improving U.S. economy has bolstered investor confidence.

comments


william • Winston-Salem, North Carolina • 59 minutes ago

supply went up and so did the price what kinda bull chit are they feeding us​

Reply

Rich • Westfield, Massachusetts • 2 hours 12 minutes ago

Some industries need to be regulated. Forget about screaming socialism or big government.
The trucking industry was way better off before de-regulation. Oil is an absolute necessity for our way of life and there is no viable replacement in the near future. Until there is, it must be regulated!

Larry • Wilmington, North Carolina • 35 minutes ago

gas prices will stay high until the election is over.Big oil wants Obama out and this is their way of doing it.My biggest question should be why ,is it because he is going after their tax breaks or is he thinking of nationalizing the industry.Something is going on and nobody is telling the people squat

steve • 1 hour 8 minutes ago

Lets see last week they couldn't change over to summer blend fast enough... now supplies jumped and demand down? Later they probably will say supplies are down and demand up...better yet screw everyone and make millions..........​

Reply

Scurvy Wafers • Phoenix, Arizona • 4 hours ago

demand is down, prices are up. when will the LIES abate over speculation? i cant wait to see a sixteen dollar loaf of bread​

1 Reply

Edward Rodriguez • La Puente, California • 22 minutes ago

and idiotbama wants to attack iran. stupid

Jim / susan • 52 minutes ago

Its lose lose all the way around if everyone drove like they use to the price would jump and if they stop driveing like they use to the price will jump . Its just plain greed . Our # 1 export is Oil products , yet the price keeps going up . we have had 2 wars Big oil got huge oil contracts , the price still goes up . yes there needs to be regulation on Big Oil , but they control the country .

Boston Mark • 3 hours ago

The price of oil won't go down on till NObama is on a permanent vacation! NObama 2012!​

1 Reply

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DannyG • 1 hour 41 minutes ago

I don't know which sucks more, Obama or high gas prices, both pretty equal huh.........​

1 Reply
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