On This Day In History, Gas Prices Have Never Been Higher (Again)

zerohedge.com ^ | 10/05/2012 | Tyler Durden

[Snuph]

While we are told to assume it is entirely transitory and speculation-driven, the price to drive your brand new GM Truck (leased for 30 years, interest-only via your EBT card) has never been higher. Do not worry though since this is only temporarily going to mean 'little Timmy' needs to go without food. As a Public Service Announcement, we have also estimated that the opportunity cost of every additional $1/gallon is just 16-20 $0.99 iGizmo apps you can do without for a week (but given sentiment surveys it would seem you do not need any further sedation).

[Snuph]

Under Obama's plan we become Zimbabwe

[rawcatslyentist]

[Hojczyk]

On a road trip...North coast California....4.50 to 4.75....going to spike because of special California blend...how can a middle class person live here ??? Food is out of site also.... Maybe they pay people a lot more here.....Yosemite and then home.... Gas 3.50 ....hell I will pay 6.00 if it will help defeat Obama! Route 1 is really some road to drive...

[shorty_harris]

$100,000/yr. salary is lower middle-class for a single guy out here. I just bought a new Ford F150 with a 36 gal. fuel tank...I’m gonna have to take out a loan to fill it.

[cradle of freedom]

So where is the media in all this?

[morphing libertarian]

Heard on the radio today (San Diego County) we were at an average of 4.59 and the record was 4.69. Should pass that this weekend.

[I Drive Too Fast]

They say they are expecting another 75 cent price spike EVEN though the refinery is back on line (not at 100% - that will take up to 10 days) that had the power outage.

[shorty_harris]

Blaming the refineries...

[DigitalVideoDude]

The problem is, there are not enough refineries. Stinkin’ CA Tree Huggers and NIMBYs (Socialists).

[hapnHal]

I’m mad as H

I demand an investigation into these bogus gas prices. There are 22 refinerys in California. You mean to tell me that if two or three refiners are experiencing problems the rest can’t take up the slack. Further, I would like to know if any of these refiners are exporting any gasoline.
to other countries?

Also if their is such a crisis why can’t CARB waive the requirement for the Winter blend?

If this get you motivated ride a bike.

[funfan]

At obama’s house for dinner, cocktails and talking points.

[Two Kids' Dad]

It’s officially $5 a gallon for premium here in OC, CA. My big ol’ F-250 crew cab with the 460 V8 is making me really unhappy when I have to fill up both tanks.

[funfan]

Did you notice on the chart 2004 through 2008 there were
spikes and lows and then 2009 to present it is steadily going up to the high it is now since Obama took office just what he wants.

[TheDon]

1979 Deja Vu

Long lines at the pump
Embassies attacked in the Middle East by Islamic terrorists
High unemployement
Slow economy

[cradle of freedom]

Obama and Hillary should recommend the sure fire Democrat cure-all—a tax hike on gas. Remember when they both recommended that as the solution for the 2008 gas price hike? Higher taxes cures everything, don’t you know.