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US Retail Gasoline Prices (Obama's Gas Prices Reach $4 and Rushing for $5 a gallon)
Department of Energy ^ | 4/12/11 | DOE

Posted on 04/12/2011 7:32:10 AM PDT by xzins



TOPICS: Breaking News
KEYWORDS: gasoline; obama
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To: Gabrial; MeekOneGOP; P-Marlowe
Obama: Crushing the middle class one gallon at a time.

Great line. Now you need a cartoonist to bring it alive.

Who was that freeper that used to do cartoon-like posts?

101 posted on 04/12/2011 2:25:47 PM PDT by xzins (Retired Army Chaplain & proud of it: Truly Supporting the Troops means praying for their Victory!)
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To: RayChuang88

Goldman Sachs, i believe, is trying to protect Obama’s hide from having to consider allowing drilling for oil etc in the US of A in order to bring gas prices down. Got to protect the man who shoveled billions of our tax dollars into bailout bonuses to save their hides from the consequences of their investment creations. Why are there no World Court hearings for the economic havoc they have wrought on the world economy?


102 posted on 04/12/2011 2:26:03 PM PDT by IWONDR
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To: CitizenUSA
I seriously think the sick, leftist puppies would cheer if 2/3 of the human race was wiped out.

Some of them have recurring "fantasies" in which everyone is dead--except themselves, of course--and they have the ability to remake human society as they see fit.

103 posted on 04/12/2011 5:32:06 PM PDT by rabscuttle385 (Live Free or Die)
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To: xzins

A Democrat I know actually has this bumper sticker on his car;

“Gas was $1.49 when Bush was elected.”

What was it when Obama was elected? $1.79?


104 posted on 04/12/2011 5:56:30 PM PDT by reaganator
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To: reaganator

something like that.

We need bumperstickers.


105 posted on 04/12/2011 6:05:11 PM PDT by xzins (Retired Army Chaplain & proud of it: Truly Supporting the Troops means praying for their Victory!)
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To: RayChuang88
Only one thing (in my personal opinion) nobody predicted: at US$4.00/US gallon, gasoline starts to become a price elastic (e.g., demand driven by price) product. Already, the demand for gasoline has begun to drop, and if the price starts to approach the peak we had in 2008, the demand could drop dramatically and that could result in the oil companies "holding the bag" on too much expensive unleaded gasoline... this combined with falling demand could result in a pretty steep price plunge very soon.

I agree. I predict that after gas touches $5 or $6 /gal, we will see a substantial price plunge... just in time to clinch Obama's reelection.

106 posted on 04/12/2011 6:38:38 PM PDT by Zeddicus
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To: Zeddicus
In fact, already there are stories that demand has begun to fall quite a bit because of the increasing price. The result will be obvious: the oil companies will be stuck with WAY too much unleaded gasoline bought at inflated prices, and they'll have to dump it in a huge way especially with storage capacity reaching their limits. Don't be surprised that the oil companies end up selling all this expensive oil at well under US$3.00/US gallon retail by late summer and taking a financial bath. In short, don't invest in oil companies right now!
107 posted on 04/12/2011 8:24:39 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: throwback

so begins the demolition phase in order to build socialist utopia


108 posted on 04/12/2011 8:54:20 PM PDT by KTM rider ( patriot turned rebel)
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To: xzins

The escalating cost of gas is merely another step in Obama’s plan to destroy America. Obama thinks America hasn’t been paying it’s fair share for petrol. He said so from the beginning. He also promised he would change it so Americans are paying as much for petrol as the Europeans. Since to pay less, is a crime against his master, one allahmoohaamedalikrashadalialquedamosbrohoodofamericaandmideasternafghanfagpersianknightsarbianpimpsofterrorahmedthepervertedknightofgay.


109 posted on 04/12/2011 11:15:44 PM PDT by takenoprisoner (Repeal the 16th amendment . Send Islam packing to their homeland.)
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To: xzins

I would like to see Trump put out an add with bo’s video talking about higher gas prices.


110 posted on 04/12/2011 11:17:05 PM PDT by Always Independent
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To: Always Independent

http://www.youtube.com/watch?v=t4Tmi_fpUHs


111 posted on 04/12/2011 11:25:28 PM PDT by takenoprisoner (Repeal the 16th amendment . Send Islam packing to their homeland.)
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To: Always Independent

http://www.youtube.com/watch?v=FOdysANCQUM


112 posted on 04/12/2011 11:29:53 PM PDT by takenoprisoner (Repeal the 16th amendment . Send Islam packing to their homeland.)
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To: xzins

I am glad I have a hybrid for my commute, but even then it’s still a lot of money going to gas. Much better than my old truck though.

But if gas goes to 5, it will be about as bad as when I had the truck. Scary.


113 posted on 04/13/2011 7:04:08 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: Iscool
If that's true, the profits for the refineries and suppliers has gone well beyond robbery...

Gasoline should be at most $2.50 a gallon.

The rise in oil (and thus gasoline prices) and food prices is a DIRECT result of the Federal Reserve QE2 program.

"Hot money" from the Federal Reserve is going to re-capitalize the insolvent Too Big To Prosecute banks (Bank of America, JP Morgan, Citibank, Wells Fargo, etc.). This money ends up in commodity speculation (i.e., oil & foodstuffs).

My prediction was that we could take 8 weeks of 2008-type gasoline prices before the ordinary consumer crumpled, because when gasoline was $4.00 a gallon in 2008, food prices were VERY LOW. Now, food is HIGH, and the consumer can't pay for the double stealth taxation in gasoline AND food.

The current gasoline prices jumped over my beginning threshold ($3.50 a gallon) in the first week of March.

It's now been about 6 weeks. Yesterday, The Federal Reserve tapped Goldman Sachs (The Vampire Squid) to lower the price of oil, because my prediction was coming true.

They're still not out of the woods, because I don't think they really understand how bad it is (they believe their own propaganda about "The Recovery").

114 posted on 04/13/2011 9:41:16 AM PDT by kiryandil
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To: Iscool
If that's true, the profits for the refineries and suppliers has gone well beyond robbery...

Remember, the oil companies are giving you and me an ACTUAL PRODUCT that we can use to produce, whereas The Banksters are selling us debt, and giving us 1% on our saved money, while they're getting back 12%+ on credit cards, and more on "bank fees & charges".

115 posted on 04/13/2011 9:45:29 AM PDT by kiryandil
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To: screaminsunshine

“All this when there is an oversupply of oil due to lack of demand.”

The only oversupply i’m aware of is the massive amount of greenbacks floating around the globe. Gas is still way too cheap compared to the worthless green paper also known as dollars.


116 posted on 04/13/2011 12:28:36 PM PDT by buzzer
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To: CitizenUSA

Not if they were among the 2/3rds!


117 posted on 04/13/2011 5:06:02 PM PDT by GunsareOK
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To: JustaDumbBlonde

Amen. I’m paying $4.20 for diesel in Nevada right now. Only expecting it to go north. Rodeo season might be a bit curtailed for the kids. We’ve already cancelled any vacation plans. Not a single green weinie has explained to Americans how you can pull a loaded 12,000 lb four horse trailer with a Prius. When they do, I’ll look at buying one.


118 posted on 04/14/2011 11:03:43 AM PDT by Crapgame (What should be taught in our schools? American Exceptionalism, not cultural Marxism...)
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