It's official. Gas prices double under obama

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dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Up another 20 cents overnight, $4.29 for regular

3-31-2011

http://rds.yahoo.com/_ylt=A2KJjajTp...ks-more-likely-as-oil-prices-keep-rising.html

$5 gas looks more likely as oil prices keep rising

Oil prices rose to a 30-month high Thursday and traders expect them to escalate further on political turmoil in the Mideast.

Richard Ilczyszyn, senior market strategist at the Chicago trading firm Lind Waldock, said that if circumstances were normal, prices would slip because oil inventories are high. “But we have tensions in the Mideast we couldn’t have imagined six months ago, and that creates fear in the marketplace,” he said.

It also means that $5-a-gallon gas is getting closer in the Chicago area,
some analysts have predicted $5 a gallon by Memorial Day.

Ilczyszyn said prices could rise another $2 on Friday because traders who have shorted the market
 
ch33zw1z

ch33zw1z

Lifer
Nov 4, 2004
39,836
20,433
146
What are the people writing the article smoking. Gas in my area hasn't been below $2/gal since '03-'04. I started driving in '98, gas was $.90/gal, anyone remember when it hit >$4 during the summer in '07?
 
Hayabusa Rider

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
50,879
4,268
126
nonlnear said:
Gas prices need to go up to $6 or $7, and then we can scrap the EPA mileage requirements. They are a terrible way to push the market toward higher fuel efficiency anyways. I'm prepared for higher prices, so I don't mind one bit.
Click to expand...

I have a good idea. Let's remove your preparedness to you are like the majority who can't afford it. Hell, like Redunderthematress let's make it ten bucks a gallon. Then we can have the Greater Depression for which we need to make sure you aren't prepared for either.

Egads.

My beef with Obama about this is that like many other things energy is a talking point to him. On day one he should have committed to a Manhattan type project for freedom from fickle energy sources rather than these dumb carbon credit smoke and mirror revenue enhancers. Then again he's a low life politician so it's not really surprising that we get what we have.
 
G

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Rainsford said:
While I would agree that hypocrisy is strong in threads like this, I'm not sure "see, they're hypocritical jackasses TOO" is a particularly effective argumentative technique ;)
Click to expand...

Who said I am arguing? I am expressing my enjoyment in the display :D
 
nonlnear

nonlnear

Platinum Member
Jan 31, 2008
2,497
0
76
Hayabusa Rider said:
I have a good idea. Let's remove your preparedness to you are like the majority who can't afford it. Hell, like Redunderthematress let's make it ten bucks a gallon. Then we can have the Greater Depression for which we need to make sure you aren't prepared for either.

Egads.

My beef with Obama about this is that like many other things energy is a talking point to him. On day one he should have committed to a Manhattan type project for freedom from fickle energy sources rather than these dumb carbon credit smoke and mirror revenue enhancers. Then again he's a low life politician so it's not really surprising that we get what we have.
Click to expand...
My preparedness consists primarily of having the right attitude more than anything. I'm not wealthy by any stretch of the imagination. Car culture has many massive implicit subsidies. I am not in favor of punitive taxes per se, just having gas prices that reflect the actual cost of cars. That means all road maintenance, and much new construction funded by fuel taxes exclusively, all state and federal DoTs, about half the military, half the EPA, and a few other agencies' budgets too.
 
Capt Caveman

Capt Caveman

Lifer
Jan 30, 2005
34,543
651
126
dmcowen674 said:
Up another 20 cents overnight, $4.29 for regular

3-31-2011

http://rds.yahoo.com/_ylt=A2KJjajTp...ks-more-likely-as-oil-prices-keep-rising.html

$5 gas looks more likely as oil prices keep rising

Oil prices rose to a 30-month high Thursday and traders expect them to escalate further on political turmoil in the Mideast.

Richard Ilczyszyn, senior market strategist at the Chicago trading firm Lind Waldock, said that if circumstances were normal, prices would slip because oil inventories are high. “But we have tensions in the Mideast we couldn’t have imagined six months ago, and that creates fear in the marketplace,” he said.

It also means that $5-a-gallon gas is getting closer in the Chicago area,
some analysts have predicted $5 a gallon by Memorial Day.

Ilczyszyn said prices could rise another $2 on Friday because traders who have shorted the market
Click to expand...

Average Price of Gas in Chicago is $3.931, liar - http://www.chicagogasprices.com/
 
D

DisgruntledVirus

Lifer
Dec 26, 2007
11,782
2
76
Doppel said:
Yeah seriously. We need an across-the-nation mandatory course on statistics.
Click to expand...

Just to be clear, my statement was that people (regardless of their reasons) who dump older cars and get hybrids or otherwise end up driving more. Because of this, they end up burning roughly the same amount of gas as they did previously and in turn don't really "save" money.

As real world proof, look at the move to the suburbs. Why did this happen? In part it was due to automobiles and relatively cheap fuel that allowed people to commute more. Another example would be the move back into SUVs after 2008 gas jump. People dumped the SUVs because they couldn't afford to drive them anymore, thus moving to smaller vehicles. After prices dropped people started buying SUVs again since they could the total price to fill up their vehicle was roughly the same as it was when they were driving a small vehicle with high gas prices.
 
B

bfdd

Lifer
Feb 3, 2007
13,312
1
0
hasn't dave been saying $5 dollar gas is around the corner for like over a year now?
 
Doppel

Doppel

Lifer
Feb 5, 2011
13,306
3
0
DisgruntledVirus said:
Just to be clear, my statement was that people (regardless of their reasons) who dump older cars and get hybrids or otherwise end up driving more. Because of this, they end up burning roughly the same amount of gas as they did previously and in turn don't really "save" money.

As real world proof, look at the move to the suburbs. Why did this happen? In part it was due to automobiles and relatively cheap fuel that allowed people to commute more. Another example would be the move back into SUVs after 2008 gas jump. People dumped the SUVs because they couldn't afford to drive them anymore, thus moving to smaller vehicles. After prices dropped people started buying SUVs again since they could the total price to fill up their vehicle was roughly the same as it was when they were driving a small vehicle with high gas prices.
Click to expand...
There is some of that (prices on gas go up go to small car, go down go to SUV), but a person who moves from a 20 mpg vehicle to a 50 mpg Prius would have to drive 2.5X as mcuh as they used to for the same use of gas.

I find it unreasonable to think the average hybrid owner has increased their mileage to an extent that leaves them paying the same amount in fuel.
hasn't dave been saying $5 dollar gas is around the corner for like over a year now?
Click to expand...
He thinks it already hit that. He'll find some gas station in the projects charging a buck/gallon more than everybody else to get on the news and use that as his benchmark.
 
Siddhartha

Siddhartha

Lifer
Oct 17, 1999
12,505
3
81
sunzt said:
US oil reserves are also the highest they've been. Oil price isn't determined by the US alone. The biggest thing driving oil prices now is speculation. A distant 2nd is the emerging market demand.

Remember how in the summer of 08 or 07 oil prices spiked up to $150 for pretty much no apparent reason and then plummeted within the next few months? Gas prices went from about $2 to $5 back to $2-3 in less than a year.

Right now, oil speculators are driving up the prices to 105+ again. We may see $150 soon, and most of that increase, if not all, will be based on speculation and not supply/demand.
Click to expand...

The OP is about smacking Mr Obama not the reality of Oil and fuel prices.
 
shortylickens

shortylickens

No Lifer
Jul 15, 2003
80,287
17,082
136
Thats weird cuz usually the Washington Times sucks big democrat cock most of the time.
When did they switch sides and start bashing dems for shit thats probably not their fault?
 
D

DisgruntledVirus

Lifer
Dec 26, 2007
11,782
2
76
Doppel said:
There is some of that (prices on gas go up go to small car, go down go to SUV), but a person who moves from a 20 mpg vehicle to a 50 mpg Prius would have to drive 2.5X as mcuh as they used to for the same use of gas.

I find it unreasonable to think the average hybrid owner has increased their mileage to an extent that leaves them paying the same amount in fuel.He thinks it already hit that. He'll find some gas station in the projects charging a buck/gallon more than everybody else to get on the news and use that as his benchmark.
Click to expand...


http://blogs.cars.com/kickingtires/2009/07/study-hybrid-owners-drive-more-get-more-tickets.html

They drive ~25% more, and going from a ~35 mpg car (small sedan like a Civic for example) to a ~50 mpg car brings it much closer to the 25%. I did exaggerate in my statement and misspoke, but most people going to a hybrid (from my experience) seem to usually come from stuff in the 30 mpg range.
 
Murloc

Murloc

Diamond Member
Jun 24, 2008
5,382
65
91
If you kept building in a sensible manner people who can't afford the higher gas prices could just jump on a bus or tram like everyone else in the developed world.
Suburbs and urban sprawl looked good when gas didn't cost much.
 
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