Skip to comments.Gas prices' jump attests to upbeat economy
Posted on 03/22/2012 5:23:59 PM PDT by Oldeconomybuyer
The recent jump in gasoline prices stems partly from an encouraging sign: The economy is improving.
With a more solid footing, the economy should be able to withstand the recent increase in gas prices better than it did during a similar surge last year, said Kathy Bostjancic, director for macroeconomic analysis at the Conference Board.
"It's a head wind for the consumer, but it doesn't derail the recovery. It can be taken in stride, especially if the underlying fundamentals of the economy are improving, which they are," she said.
"The dominant factor is really the improvement of the labor market," she said, "and if that continues, that trumps all the potential head winds for the consumer."
Two recent national polls showed Obama's job approval down sharply despite the improving economy, in part because of concerns over higher energy costs.
Obama has been fighting back. Over the weekend, he reiterated his call for an end to $4 billion in tax breaks for the oil and gas industry.
(Excerpt) Read more at latimes.com ...
Gas prices are holding me back form doing many things and I don’t buy 10,000 gallons at a whack.
Say what!! Just peg my BS meter all the way into the red.
That’s what they said in 2008, isn’t it?
Even Joseph Goebbels would have blushed to write a piece like this.
Yes! Because raising taxes always causes prices to drop. This is really pathetic.
“You dont just go become a writer or photographer or ‘whatever’ unless you want to live in a van down the river while pursuing your ‘whatever’ dreams”
Bull sh...aww, I don’t even have the energy. I’ll agree it’s due to the recovery if they agree that gas is subject to the laws of supply and demand. I hate to break it to them, but that’s necessary to make this particular point, thus forestalling future bashing off greedy, Blood For Oil-soaked Fat Cat 1%ers. Which they’ll immediately do because, hey, what’s consistency?
Baghdad Bob would be proud of our “journalists”!
It’s amazing. This lady talks about high gas prices being a headwind against the consumer. Then the article mentions obama wanting to get rid of the tax breaks. Do away with the tax breaks and watch the price of gas go even higher.
The only reason for all of this is obama and those who pull his strings want to destroy this nation.
“Obama has been fighting back. Over the weekend, he reiterated his call for an end to $4 billion in tax breaks for the oil and gas industry.”
What a genius. Raise the cost of doing business: that’ll lower prices! It is opposite year, right?
Heck, to get a really speedy economic recovery we need $15.00 gas!!
FEDEX is saying that their volume is down. This is such an evil piece of propaganda.
Gas and food prices are ruining people’s lives right now.
Shove it Obama.
And just a few years ago $3.00 gal gas was an evil plot between President Bush and “big Oil.”
Gas at $4.00 gal is...
a head wind for the consumer
doesn’t derail the recovery
taken in stride
fundamentals of the economy are improving
head winds for the consumer (she said it twice, not me)
despite the improving economy
The mass delusion is beyond scary.
What will the Worshipers of The One do if their demigod is looking a a butt-kicking in November?
These people are delusional..
These people are delusional..
By Jim Puzzanghera
Misspelling it’s Jim PUTZ ?
This con man needs some comments after that tall tale for Obama.
None so far