Now that Obummer is in control I bet we will see $5.00 gas by the end of 2013.
Yep, this has been all over the news....or not.
Two reasons... First the US dollar continues to depreciate due to the Federal Reserve quantitative easings. Oil is priced in dollars so up the price. Second domestic production other than in North Dakota is down, refinery capacity hasn’t changes in decades, the EPA regulations on gasoline and refineries have long run amuck and a secure source of oil for the US with the Keystone pipeline has been stymied by Obama.
They'll quickly get back in place and this bit of news will go down Winston's Memory Hole. Can't let the sheeple know what's really going on!
Thank you you Evil PONS Usurping in the White Hut...
Coming (back) soon? It's for the children, to protect us from scams, for our safety, for global warming, whatever.
“Under my plan, energy prices will necessarily skyrocket”—Bronco Bamma.
Need to get those oil men out of the White House!
The election is over.
If George Bush was in office it would be a total failure of the Administration.
We're about 40 cents above that.
$2.96 here in Montana.
I filled up with $3.20 premium just three weeks ago, at a station with regular at $2.96. There was something of a minor gas war going on. This was Hess.
The wild spikes have been a unique feature of this economic environment since 2008. There is no price stability. There is nothing that has happened over the past week to warrant retail gas prices jumping forty cents a gallon. Nothing at all.
GS traders need their seven figure bonuses. They’ve been under recent criticism and scrutiny for speculation in ag commodities, thus driving up food prices leading to riots and near starvation in poorer parts of the world.
So, the vultures have alit upon oil futures once again, not that that explains retail spiking in such a pronounced way. In reality, it takes time for this sort of thing to filter through to reach retail.
But this isn’t reality. Oh, it’s real for people filling up their cars alright, but the rationalization behind it is fiction.
I wondered at the expenditure for digital LED gas price signs over the past few years, now I know. A ten cent or more swing between morning commute and lunch is the new normal.
Obama is happy, and isn’t that the important thing?
Well, now that it is not proper to complain about Homosexuals in power, just bend over and pay the price. If you have complaints, we will re-educate, er, give you sensitivity training...
America voted for it, so they can wallow in it.
Prices being connected to “supply and demand” have now been superseded by a world of “SPECULATIVE” driven propaganda.
Hay, Bambi has his, screw the rest of us!