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Gas Prices Moving to All-Time High
The New American ^ | August 16, 2012 | Bruce Walker

Posted on 08/18/2012 1:29:29 PM PDT by alloysteel

The prices that Americans pay for gas at the pump may reach an all-time high this summer. The average price is $3.70 per gallon, which is an increase of 30 cents since July and the climb in price from July to August was 9 percent. The increase is particularly concerning because a reduction in global demand, caused by a persistent world-wide recession, has kept demand for gas relatively low. Some have predicted that the price of gas will reach $3.90 per gallon before Labor Day. Gas prices have risen each month for seven straight months this year.


TOPICS: Business/Economy
KEYWORDS: dimes; gasoline; gasprices; keystonepipeline; silverdimes; transportation
Just in time for the election. Now if only Mitt Romney and Paul Ryan would hit on this one simple little fact, over and over, the cost of motor fuel impacts the price of EVERYTHING we use or consume. It also makes the cost of commuting to work a much more onerous burden, even for the fewer people who actually have jobs, and for those jobs, they have less otherwise disposable income after paying for the increased costs of both fuel and food.

A very pernicious factor of inflation.

1 posted on 08/18/2012 1:29:36 PM PDT by alloysteel
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To: alloysteel

The facts are simple.

Gas Prices under George W. Bush reached $1.90

Gas Prices under Obama are above $4.00.


2 posted on 08/18/2012 1:36:22 PM PDT by Uncle Slayton
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To: Uncle Slayton

Correction: The prices under Bush did get to $4.00 for a brief period. He then took action to open drilling in the gulf and other areas and the price dropped. This president would rather we wait till someone invents a car with a windmill on top and we all buy into it.


3 posted on 08/18/2012 1:43:52 PM PDT by kempster
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To: Uncle Slayton

I recall when it was actually under a dollar in Bushes first term.


4 posted on 08/18/2012 1:45:31 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: alloysteel

First week of June, Unleaded Regular was $3.19/gal; now it’s $3.69/gal. Food prices are still rising fast. Everything in stores moves by truck, and diesel is $4.09/gal; $4.49/gal on the PA Turnpike and I-80 exit stations.


5 posted on 08/18/2012 1:48:31 PM PDT by carriage_hill (Harry Reid [PERVERT-NV] has Vickie-the-goat in lingerie & stiletto heels, tied-up in his office.)
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To: alloysteel
The Department of the Interior has done everything possible to inhibit domestic oil production. The EPA has forced at least seven U.S. refineries to close. The continuation of the ethanol mandate and Obama’s halt of the Keystone pipeline all add up to higher and higher prices. Add to this soundbites of DOE Secretary Chu saying he wants U.S. gas prices of $8 or more a gallon and you have a good campaign commercial. Obama’s war on fossil fuels is something that affects every household.
6 posted on 08/18/2012 1:50:03 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Uncle Slayton
The facts are simple. Gas Prices under George W. Bush reached $1.90 Gas Prices under Obama are above $4.00.

W was the prime mover in terms of high gas prices, a weak dollar, large corporate bailouts, and a bad economy. Obama hasn't made it any better, though.

Gas prices did temporarily collapse under W in 2008, but that was due to an impending global economic collapse.

Click the link for historical gas prices.

http://www.GasBuddy.com/gb_retail_price_chart.aspx?city1=USA Average&city2=&city3=&crude=n&tme=96&units=us

7 posted on 08/18/2012 1:59:06 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: mylife
Heh; I can remember 21¢/gal, in 1969 at Drake Univ in Des Moines. When the stations on the large intersections' 4 corners had the famous "gas wars", Reg (leaded) dropped to 13-14¢/gal. My new '69 VW Bug w/ 10gal tank was a pleasure to full-up for $1.30 and drive for 7-10 days. At 62, I feel like a fossil.
8 posted on 08/18/2012 1:59:30 PM PDT by carriage_hill (Harry Reid [PERVERT-NV] has Vickie-the-goat in lingerie & stiletto heels, tied-up in his office.)
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To: Brad from Tennessee
The Department of the Interior has done everything possible to inhibit domestic oil production. The EPA has forced at least seven U.S. refineries to close. The continuation of the ethanol mandate and Obama’s halt of the Keystone pipeline all add up to higher and higher prices.

And the closure or coal mining and dozens of electricity plants around the country.

Obambi following Winston Churchill's WWII playbook to make war on the American people:

1. Destroy means of production and distribution of electricity starting with coal mines and electricity grids.

2. Destroy means of exploration, production and distribution of petroleum products.

3. Destroy manufacturing capacity.

4. Terrorize the civilian population.

9 posted on 08/18/2012 2:03:40 PM PDT by spokeshave (The only people better off today than 4 years ago are the Prisoners at Guantanamo.)
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To: carriage_hill

Dime values for coins dated 1964 or earlier have the current silver price as their base value. At over $28.06 per ounce, all silver dimes are worth at least $1.89 each.

2 Dimes will still buy you a gallon of gas.


10 posted on 08/18/2012 2:17:54 PM PDT by Gadsden1st
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To: alloysteel

If gas went to $4 it would be a price decrease here.


11 posted on 08/18/2012 2:22:18 PM PDT by Proud2BeRight
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To: alloysteel

12 posted on 08/18/2012 2:24:13 PM PDT by COBOL2Java (FUMR)
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To: spokeshave
I don't believe in flying saucers. I don't believe in bigfoot. I think crop circles are elaborate hoaxes. I don't believe in chemtrails, or remote sensing, or the face on mars. However I do believe the guy they call “Obama” is an agent of a hostile foreign power, possibly Iranian given certain developments. The American people generally cannot accept that we've been in a state of asymmetric warfare with radical islam for some time, and it's not a stretch that they actually got one of their guys in the White House with the help of the democratic party. It's not much of a stretch at all, in fact, it makes perfect sense once you get past the initial shock of it all.
13 posted on 08/18/2012 2:25:34 PM PDT by SpaceBar
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To: alloysteel
Went get gas for riding mower yesterday (5 gallons), pickup truck was half full so topped it off, $76.00 total.
FUBO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
14 posted on 08/18/2012 2:29:07 PM PDT by The Cajun (Sarah Palin, Mark Levin......Nuff said.)
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To: alloysteel
Obama understands the political impact, which is why he is talking about releasing oil from the strategic reserve. There is a direct correlation between gas prices and presidential approval. The higher the prices, the lower the approval numbers.


15 posted on 08/18/2012 2:29:40 PM PDT by kabar
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To: Uncle Slayton

Gas prices got into the $4 range during the summer of 2008. However its important to note that democrats held both the house and senate but went on vacation and refused to deal with energy policy.

My congressmen was one of those who stayed in Washington calling for Nancy Pelosi to call congress into session to deal with the situation. Gas was the single most expensive cost of my trip up north that summer.


16 posted on 08/18/2012 2:34:35 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: cripplecreek

17 posted on 08/18/2012 2:37:37 PM PDT by kabar
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To: Gadsden1st

Pretty amazing.


18 posted on 08/18/2012 2:41:53 PM PDT by carriage_hill (Harry Reid [PERVERT-NV] has Vickie-the-goat in lingerie & stiletto heels, tied-up in his office.)
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To: kabar

Do you remember what caused that plummet right around the beginning of 09?


19 posted on 08/18/2012 2:48:03 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: cripplecreek

It rose due to tensions in the Gaza strip and then declined rapidly as the crisis waned.


20 posted on 08/18/2012 2:56:06 PM PDT by kabar
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21 posted on 08/18/2012 3:20:12 PM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93destr)
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To: spokeshave
Errie.

Obama is definitely following that strategy. When Obama is long out of office some mainstream historian—not crippled by political correctness—will connect the dots, see the big picture and think he has discovered something startling.

22 posted on 08/18/2012 3:32:18 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: carriage_hill

We had 19 ¢/gal at “U-Pump Ethyl” in Columbia, MO around 1970. Sure did help a poor starving college student get by.

“U-Pump Ethyl” was my ALL-TIME favorite gas station name. First self-service station I ever used.


23 posted on 08/18/2012 4:55:10 PM PDT by ProtectOurFreedom
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To: alloysteel

I’ve been keeping a list for over a decade:

Dec 1999 1.37 Y2K Eve
July 2000 1.43 “Spike”
September 2001 1.37 9-11 morning
December 2001 0.99 After 9-11
September 2005 3.29 Post Katrina
September 2006 2.29 western OH)
June 2007 2.99
December 2007 2.85
May 2008 3.89
October 2008 2.99
November 2008 2.39 Election Day 2008
November 2008 1.99
December 2008 1.55
January 2009 1.49 The Kenyan is sworn in
May 2009 2.25
June 15 2009 2.69
New Year 2011 2.69
July 4 2011 3.35
May 2012 3.59
August 2012 3.69


24 posted on 08/18/2012 5:02:23 PM PDT by lightman (Settling for the "lesser of two..." is still choosing Evil)
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To: The Cajun

12 gallons of non oxy premium for my boat cost me 50 bucks yesterday... I agree. FUBO!


25 posted on 08/18/2012 5:08:27 PM PDT by cableguymn
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To: cripplecreek
Many forget that the spike in prices in 2008 was partially caused by the Chinese hoarding oil so the Beijing Olympic Games came off without a hitch.
26 posted on 08/18/2012 5:15:23 PM PDT by Hillarys Gate Cult (Liberals make unrealistic demands on reality and reality doesn't oblige them.)
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To: cableguymn
12 gallons of non oxy premium for my boat cost me 50 bucks yesterday...I agree. FUBO!

I get 2.75 miles to the gallon with my bass boat (30 gallon main and 10 gallon aux.), hard not to do a little cussing every fishing trip.
And when the fish ain't biting, a lot of cussing, LOL.

27 posted on 08/18/2012 5:23:06 PM PDT by The Cajun (Sarah Palin, Mark Levin......Nuff said.)
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To: alloysteel

I have a ‘96 Suburban with a 42 gallon tank. Most pumps
stop at $100. Then I have to start over to get a full tank.
Last fillup cost $175. It’s painful.


28 posted on 08/18/2012 6:49:21 PM PDT by fulltlt
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To: The Cajun

I’ve got a 2004 Johnson 4 stoke/EFI 70HP that an insurance company pulled up from the bottom of the lake (along with the boat) and sold for salvage. Best damn 250 bucks I ever spent (boat, motor and trailer darn portable gas tank floated off though. didn’t get that or the plug.. Gee.. I wonder why it sank?)

Obviously I dried both out.

thankfully 12 gallons will last me all weekend, but still.. 10 years ago 91 octane non-oxy was a buck 80 or less in most places. Last I looked at the pump (I don’t really want to look any more) it was 4.29.


29 posted on 08/18/2012 8:17:06 PM PDT by cableguymn
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To: alloysteel
While I am not happy about paying almost $4/gal for gas, I look at it as a long-term investment.

It's a prime mover in insuring that BO gets the boot in November.

30 posted on 08/18/2012 8:57:51 PM PDT by wbill
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