Posted on 06/08/2008 6:15:32 PM PDT by tobyhill
Californians are still learning to cope with $4 gasoline. Will we soon have to deal with $5?
In the two weeks since California's average price for regular gasoline passed $4 per gallon, prices have jumped an astonishing 42 cents. Some cities have seen increases of five cents or more overnight, according to data from the AAA auto club.
San Francisco drivers now pay, on average, $4.42 for a gallon of regular. In Oakland, the average is $4.39. In San Jose, $4.40.
Gas kept rising even as the price of crude oil - gasoline's raw material - fell from record highs early last week. There's usually a brief lag between a change in the price of oil and a change in the price of gas, so many petroleum industry analysts thought gas prices were finally about to reach their peak. The bubble in oil and gasoline prices, they said, was about to burst.
But in the last two trading days of the week, oil's price shot back up at a speed never seen before, climbing more than $10 on Friday alone to set a new record of $138.54 on the New York Mercantile Exchange. If oil keeps rising, so will gas.
(Excerpt) Read more at sfgate.com ...
It’s already north of $4.50/gal here in the Central Valley.
‘Rats don’t give a tinker’s damn for the people they are supposed to represent.
Hey Nancy, when do we start drilling?
The way it’s going 2 weeks or less should push it to %5.
One station in Oceanside that has always been the cheapest
went up to $4.899 yesterday.
Diesel here in Scituate Mass. marinas $5.299/gallon.
Gasoline was $4.86.
Most of the gas stations are over $4/gallon for the lowest priced fuel if they pump it. - tom
Every Federal politician from Nancy Pelosi to George W. Bush has promised to lower gas prices.
As for domestic drilling, the GOP nominee for President has the same policy as Nancy Pelosi.
Things started to go to hell when the Democrats took over Congress, but Bush and the GOP get the blame.
Do you have the quote where Bush promised to lower gas prices and what was the circumstances around the promise?
“‘Rats don’t give a tinker’s damn for the people they are supposed to represent.”
Sure they do. That’s why they want more unemplyment and welfare benefits. So when they put you on the unemplyment line you can thank them for the benefits.
WASHINGTON — Running for president five years ago, George W. Bush (search) pledged to jawbone energy-exporting nations to keep oil prices low and to win passage of legislation to spur more domestic energy production.
http://www.foxnews.com/story/0,2933,154423,00.html
Neither Obama or McCain will solve this problem and the suppliers know this,so their really is no need for them to lower prices.
We can cut back all we want but it probably won't reach a 10% reduction. They have raised the prices over 50% so they will make more money even if we cut back.
To me supplying less oil for a higher price is better than supplying a lot of oil for a lower price.
We have been had, but we know we deserve it because the problem was known to us for at lest the last 30 years and we did nothing about it. . - Tom
It looks like he didn’t jawbone enough.
Monday, April 24, 2006
Washington, D.C. – House Democratic Leader Nancy Pelosi released the following statement today on President Bush’s, Speaker Hastert’s, and the Republican Congress’ empty rhetoric on gas prices. Key facts on the Majority's failure to address gas prices follows Pelosi’s statement.
With skyrocketing gas prices, it is clear that the American people can no longer afford the Republican Rubber Stamp Congress and its failure to stand up to Republican big oil and gas company cronies. Americans this week are paying $2.91 a gallon on average for regular gasoline – 33 cents higher than last month, and double the price than when President Bush first came to office.
“With record gas prices, record CEO pay packages, and record oil company profits, Speaker Hastert and the Majority Congress continue to give the American people empty rhetoric rather than join Democrats who are working to lower gas prices now.
“Democrats have a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in taxpayer subsidies, tax breaks and royalty relief given to big oil and gas companies, and increasing production of alternative fuels.”
Blame should also be assigned to the idiots among us who stayed home.
And even if we do reach a 10% reduction, another 15 million illegal immigrants will sneak across the border and bump us right back up to where we started.
All congress republicans should run against Nancy and her promises.
WHen the REpublicans were the majority, gas went up $.05 a year (nickle a yer)
When the Dems took over it has gone from rising a nicle a month to a nickle a day.
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