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$4 gas: Get used to it (Under Obama)
Cnn Money ^ | October 5, 2012: 5:00 AM ET

Posted on 10/05/2012 9:49:41 AM PDT by BradtotheBone

FORTUNE -- President Obama may have a lot more to worry about than bombing the debate this week. Traders are starting to get particularly bullish over gasoline prices – and that is bad news for the average driver, who may also be looking to vent his spleen at the voting booth.

Reports of gas shortages along the high-demand west and east coasts may be fleeting – although deeply concerning – but they highlight a problem that's expected to persist in the U.S.: our refineries are getting old. Given that a new refinery has not been built since 1976, commodities desks on Wall Street are bracing for more refinery outages and fires just as the nation needs to gear up for the busy winter heating season.

What does that mean? Probably more weeks where we'll see U.S. crude oil inventories hovering above the upper limit of the average range for this time of year, yet gasoline inventories tunneling into the lower half of their average range, as the U.S. Energy Information Administration reported Wednesday.

Translated in dollars and cents, retail gas prices likely won't be moving off the $4 needle anytime soon. In fact, some gasoline buyers think this may even usher in a run to $5 a gallon (especially out west where gas stations are shutting down because they cannot buy gas at price levels low enough to turn a profit).

(Excerpt) Read more at finance.fortune.cnn.com ...


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: 2012; bhofascism; bhogasprices; democrats; drillheredrillnow; envirofascism; environmentalism; gas; gasoline; gasprices; globalwarminghoax; globamwarming; liberalism; liberals; nobama2012; obama; oil; progressives

1 posted on 10/05/2012 9:49:43 AM PDT by BradtotheBone
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To: BradtotheBone

Heard people somewhere in California on the radio this morning complaining about over $6/gallon.....gee, thanks Obama!


2 posted on 10/05/2012 9:55:46 AM PDT by Gaffer
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To: BradtotheBone

Emboldened by their Fraud’s fraud, they will be REDUCING gas prices in the next few weeks.

Betting this was just so the Hussein Heads can say, “See, you idiots, gas didn’t go UP (at all) with Obama!”

And He created 8 MILLION jobs, too!

/Hussein Heads


3 posted on 10/05/2012 9:56:30 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: BradtotheBone
And don't forget that... let's face it... oil companies will keep the price of gasoline just as high as they can drive it without breaking something, right up until the election.

They don't want Big Brutha in office any more than we do.

4 posted on 10/05/2012 9:58:52 AM PDT by Oberon (Big Brutha Be Watchin'.)
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To: Gaffer

Premium in Cal is 5.00/gal


5 posted on 10/05/2012 10:01:33 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Gaffer

You beat me to it, I was gonna say that $4.00/gallon gas ALMOST sounds reasonable out here in the land of the fruits, nuts, flakes and moonbats!

The gas stations at the corner of my street BOTH clocked in at $4.719 this morning, according to Gasbuddy.com! And these stations were, IIRC, about $4.139 on Monday.

Thank you, nObama, I’m sure your oil buddies are making a fortune off us poor shlubs here in Caliph-phony-a!


6 posted on 10/05/2012 10:02:50 AM PDT by ssaftler (With apologies to Gene Kranz: "Obama is not an option")
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To: stephenjohnbanker

Maybe so, but all I can report is what I heard on the radio. Something about temporary shortage and stations closing, etc.....


7 posted on 10/05/2012 10:03:14 AM PDT by Gaffer
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To: BradtotheBone
Why just under Obama? If the highly “intelligent” members of the Fed. Reserve keep perpetuating the need for QEs the other eggheads from the Ivy League in the public servant sector are just going to go along with the plan.

Ever notice since the dawn of Pres. Wilson and his superior intelligence/Philosophy King Ivy league central planning approach, the United States future began dwindling. “It's better to burn out, than fade away” should stick to rock stars, not a nation's economy.

8 posted on 10/05/2012 10:08:01 AM PDT by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians.)
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To: BradtotheBone

9 posted on 10/05/2012 10:10:04 AM PDT by Zakeet (Calling the Obozo/Bernack economy sluggish is an insult to slugs)
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To: Gaffer

” Something about temporary shortage and stations closing, etc”

That could well be.


10 posted on 10/05/2012 10:11:16 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: BradtotheBone

Let’s see now ...
As in Dicken’s novel `Great Expectations,’ a Saudi princeling arranged for a promising young muslim youth to attend Georgetown and Harvard.
And this youth grew up to be an America-hating man-child who has led the charge against fracturing America’s oil shale assets.
Is anyone surprised?


11 posted on 10/05/2012 10:13:33 AM PDT by tumblindice (America's founding fathers: all armed conservatives)
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To: BradtotheBone
I've been putting this sticker on gas pumps:

"Somehow we have to figure
out how to boost the price of
gasoline to the [$8-$10/gal]
levels in Europe." - Barack Obama's
Energy Secretary Steve Chu. Had enough yet???

I've sized mine to fit twelve to a sheet of easy to remove bumper sticker stock...

I will send a dozen stickers to anyone who FReepmails me their address.

I will send the Excel file to anyone who FReepmails me their email address, PROVIDED they promise to only use removable stock.

12 posted on 10/05/2012 10:17:31 AM PDT by null and void (Day 1354 of our ObamaVacation from reality - Obama, a queer and present danger)
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To: BradtotheBone

It’s headed for $10/gallon.

Get used to it!/s


13 posted on 10/05/2012 10:20:05 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: null and void

Where can one buy this removable stock?


14 posted on 10/05/2012 10:35:35 AM PDT by FourtySeven (47)
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To: Gaffer

Screw them - they are voting for obama - more misery be on them.


15 posted on 10/05/2012 10:37:02 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: BradtotheBone

Spoke with the Costco attendant,...they are raising gas prices 3 times daily, at $4.75 now, shooting towards $6/gal.


16 posted on 10/05/2012 10:43:26 AM PDT by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: FourtySeven

Any stationary store. It’s sold as bumper sticker stock, full sheet labels removable adhesive, or as removable labels.

My current batch is being printed on Post-it 2500-L stock.

It peels cleanly, sticks well and has a backing that is relatively easy to remove. The backing is also beige, making much easier to determine which side up in the printer...


17 posted on 10/05/2012 10:48:59 AM PDT by null and void (Day 1354 of our ObamaVacation from reality - Obama, a queer and present danger)
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To: BradtotheBone
Regulations constraining production are a payoff to the owners of the oil industry.

Here's how it works.

18 posted on 10/05/2012 10:51:31 AM PDT by Carry_Okie (GunWalker: Arming "a civilian national security force that's just as powerful, just as well funded")
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To: Oberon
"....And don't forget that... let's face it... oil companies will keep the price of gasoline just as high as they can drive it without breaking something, right up until the election. They don't want Big Brutha in office any more than we do......"

Agreed. I've been saying this on FR for many months....the oil companies have a tremendous incentive to drive this bastard out of office...and what better way to do it than pump prices at, say, $7.00/gallon the week before election day....??

I will gladly for gas at those prices as an investment to recover my country.

19 posted on 10/05/2012 11:12:27 AM PDT by Victor (If an expert says it can't be done, get another expert." -David Ben-Gurion, the first Prime Minister)
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To: BradtotheBone

I don’t recall what the price per gallon was yesterday when I filled up but, when the total for filling my tank reached $87.00 I thought “The Saudis must be pleased with me today...”


20 posted on 10/05/2012 11:15:10 AM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Victor
The oil companies are going to cut Obama's nuts off.

I will gladly pay for this at the pump.

Be of good cheer...there are forces in our country who want to unleash American capital once more....

21 posted on 10/05/2012 11:16:20 AM PDT by Victor (If an expert says it can't be done, get another expert." -David Ben-Gurion, the first Prime Minister)
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To: Victor
there are forces in our country who want to unleash American capital once more....

Unfortunately they aren't really represented in either the Democrat or Republican parties at the higher levels. {Honestly, if they were would you be almost-forced to buy alcohol-diluted gasoline, and definitely forced to buy that stupid ultra-low Diesel?}

22 posted on 10/05/2012 11:28:25 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Carry_Okie

Great link,..thanks.


23 posted on 10/05/2012 11:40:41 AM PDT by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: Cvengr
You are quite welcome.

There is plenty more there.

24 posted on 10/05/2012 12:27:58 PM PDT by Carry_Okie (GunWalker: Arming "a civilian national security force that's just as powerful, just as well funded")
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To: BradtotheBone

F**k you California!

You embraced the Green Energy movement. We told you this was going to happen, but you knew everything and flipped us the bird.

So smile when you pay at pump.


25 posted on 10/05/2012 1:55:30 PM PDT by Tzimisce (THIS SUCKS)
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To: BradtotheBone

Having had the wonderful pleasure to have to live/work in CA for a year, all I can say is: “what goes around, comes around, comrades.” You didn’t want to drill oil/gas, you didn’t want any kind of power plant(gas, oil, coal, nuclear), you didn’t want your neighboring states to have them either, you didn’t want water work projects.....and the list just goes on and on and on.
So now, comrades, it seems you’ve made your bed and got what you fought so valiantly for. So sleep in it for a while and enjoy your new socialist, greenie utopia and quit your complaining about those “high prices”. Just keep electing the mentally ill libs out there and petty soon, you’ll not even have a state!! You don’t deserve electricity, oil, gas, or any other form of energy. Go live in a cave and see how that wonderful “hope & change” works out for ya.


26 posted on 10/05/2012 2:14:21 PM PDT by lgjhn23
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To: BradtotheBone

Gas then Obama inaugurated $1.89 a gallon.
Gas if Obama reelected $4.00 a gallon.
Gas when Obama finally leaves. $8.00 a gallon.

Bumper sticker:

Remember when GAS was $1.89 a gallon?
George Bush does.


27 posted on 10/05/2012 2:49:19 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Gaffer
somewhere in California on the radio this morning complaining about over $6/gallon

Yep. Drudge has it up now.

28 posted on 10/05/2012 3:08:47 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: Zakeet

LMAO


29 posted on 10/05/2012 7:10:25 PM PDT by DoughtyOne (Obama got Mitch-Slapped in that first debate.)
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To: BradtotheBone

“Uh, uh, Jim you may want to move on to another topic...” -—Hussein Obammy (Debate #1)


30 posted on 10/05/2012 8:38:56 PM PDT by Scooter100 ("Now that the fog has lifted, I still can't find my pipe". --- S. Holmes)
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To: All; Gaffer

“Heard people somewhere in California on the radio this morning complaining about over $6/gallon.....gee, thanks Obama!”

We might even see California voting against Obama.


31 posted on 10/05/2012 10:41:58 PM PDT by Sun (Pray that God sends us good leaders. Please say a prayer now.)
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To: Zakeet

32 posted on 10/06/2012 10:01:24 AM PDT by goron (Obama Gave Me a Free Phone!)
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To: goron

Excellent!!!


33 posted on 10/06/2012 10:40:25 AM PDT by sanjuanbob
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To: lgjhn23

I know some people who live in California. I’m going to laugh when they can’t afford to buy enough gas to get to work. And I’ll laugh even harder when the working wife loses her job and/or health insurance. I say they get what’s coming to them.

HOWEVER, and this is hard to say, I’d rather see obama gone.


34 posted on 10/07/2012 3:40:36 PM PDT by Terry Mross
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