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When is the price of gasoline too high?
Fuel Fix ^ | April 23, 2013 | Dan X. McGraw

Posted on 04/23/2013 2:00:46 PM PDT by thackney

Drivers’ views of “too high” gasoline prices appears to be changing after seeing years of steady hikes at the pump.

According to a AAA survey, more than half of adults believe gasoline is too costly when it reaches $3.44 per gallon. Those adults are driving, buying and dining out less as a result of the higher prices.

“It was not long ago that motorists were shocked to pay more than $3 per gallon for gasoline, but now that is standard at stations nationwide,” said Robert L. Darbelnet, president and CEO of AAA. “Expensive prices have forced many motorists to change their driving habits.”

Gasoline is currently averaging $3.51 per gallon in the U.S. and $3.40 a gallon in Houston, which had the most expensive average in the state. Gasoline prices have declined 15 cents this month in Houston as demand dropped and supply increased domestically.

The AAA survey suggests drivers are not quite as fazed by gasoline topping $3 as they once were. The survey found 46 percent of participants believed $3 was too high to pay for gasoline.

Drivers said those higher prices have made them adjust their habits by driving, dining and shopping less. The study found people between the ages of 18 to 34 were more likely to take public transit or live closer to work.

The survey comes after nearly five years of steady increases at the pump. Gasoline prices dropped below $2 in late 2008. Since then, gasoline prices have been on a steadily approaching the $4 mark.


TOPICS: News/Current Events; US: Texas
KEYWORDS: energy; gasoline; gasprices; obamalegacy; obamasfault; warrenbuffett


1 posted on 04/23/2013 2:00:46 PM PDT by thackney
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To: thackney

Anything over $1/gallon is too high.


2 posted on 04/23/2013 2:01:48 PM PDT by nickcarraway
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To: thackney

Government opinion:

If you’re still breathing, the cost isn’t too high.


3 posted on 04/23/2013 2:02:37 PM PDT by DoughtyOne (Leftist, Progressive, Socialist, Communist, fundamentalist Islamic policies, the death of a nation.)
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To: thackney

Easy answer — to the MSM, when a Republican is president, the price of gas is too high.


4 posted on 04/23/2013 2:02:49 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: thackney

Simple. When it causes Democrats to start losing elections.


5 posted on 04/23/2013 2:03:13 PM PDT by Buckeye McFrog
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To: thackney

Every damn day.............


6 posted on 04/23/2013 2:04:20 PM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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To: thackney
When is the price of gasoline too high?

When this guy says it is.

7 posted on 04/23/2013 2:05:26 PM PDT by dfwgator
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To: nickcarraway

I recently filled up at a station that had serious traffic problems. Soneone else who was filling up his car remarked, “Man, this place is busy! Must be cheap or something.”

Regular unleaded was $3.659 at this particular station. A few years ago, if you told me I’d consider that a low price for gasoline, I would have said you were crazy. And really it’s only good relative to what I’d pay elsewhere; it really wasn’t too terribly long ago that I could completely fill the 12-gallon tank in my Miata and get change back from a $20 bill.


8 posted on 04/23/2013 2:07:14 PM PDT by ZirconEncrustedTweezers (Some people take there grammar way to seriously.)
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To: thackney

BS media propaganda story to make idiots think 3.50+ for a gallon of gas should be the norm.


9 posted on 04/23/2013 2:10:14 PM PDT by TV Dinners (Hope is not a Strategy)
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To: dfwgator

When this guy says it is.


LOL!

Do you remember his name? I’d like to find out what he’s doing these days.


10 posted on 04/23/2013 2:11:24 PM PDT by laplata (Liberals don't get it. Their minds have been stolen.)
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To: Opinionated Blowhard

Warren Buffett lost a billion dollars running up the price of gas in 2008.


11 posted on 04/23/2013 2:11:36 PM PDT by a fool in paradise (America 2013 - STUCK ON STUPID)
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To: ZirconEncrustedTweezers

$4 gas caused a media meltdown before Jan 2009.

Now it’s the “new normal”

Just like so many other parameters of the economy like 8% unemployment.

Personally I’m still looking for the wormhole that “McJobs, homeless problem, and recovery for Wall $treet but not Main Street” slipped into, never to be heard again.


12 posted on 04/23/2013 2:11:54 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nickcarraway

Consider this. In 1964 a silver dollar bought 3 gallons of gas at .30/ gallon. Today that silver dollar is worth $22. It buys around 6 gallons of gas. It’s not that the price of silver has gone up. What has happened is the value of a dollar has dropped. In 2008 there were $900 billion dollars in circulation. In 2009 it was $1.8 trillion and a year later it was $3.1 trillion.

Gas has not gone up in real value terms. In real value terms it is about .15/gallon in 1964 dollars. Partially, that is because last year 25% fewer miles were driven. This is because fully 17% of the workforce is not driving to work. Also, probably half of the country is not going on their usual driving vacations. We suddenly have so much over capacity that we’re shipping gas off-shore.

If the economy recovered to pre-Obama times then the price of gas will surge to $8/gallon. (.30/gallon in 1964 dollars.)


13 posted on 04/23/2013 2:13:10 PM PDT by Gen.Blather
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To: thackney

Only when a Republican is President...otherwise, it seems to be no big deal..even when gas prices far exceed those of the prior administration./s


14 posted on 04/23/2013 2:15:38 PM PDT by SueRae (It isn't over. In God We Trust.)
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To: thackney
This was about right.


15 posted on 04/23/2013 2:15:39 PM PDT by Larry Lucido
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To: thackney
Gasoline prices dropped below $2 in late 2008. Since then, gasoline prices have been on a steadily approaching the $4 mark.
 

 

Gee. I wonder what happened in late 2008 that sent gasoline prices doubling???

 

16 posted on 04/23/2013 2:18:25 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: Larry Lucido
It's too high when demand goes down due to the price. Otherwise, charge away! Why should we care what a private business decides to charge for their product.

I honestly don't even mind paying tax for the State on gas since it's a use tax versus a discriminatory tax (like income tax).

As long as foreign oil is cheap, why use our own limited resources when we can pay money to our enemies to use their limited resources.
17 posted on 04/23/2013 2:20:04 PM PDT by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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18 posted on 04/23/2013 2:21:01 PM PDT by DJ MacWoW (My faith and politics cannot be separated)
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To: Responsibility2nd

The 83% rise in the price of gasoline was another of the potential winning campaign issues the Romney team ignored in 2012. Much better to just stand there and let the incumbent beat you up for being a wealthy man.


19 posted on 04/23/2013 2:22:15 PM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: Responsibility2nd

The 83% rise in the price of gasoline was another of the potential winning campaign issues the Romney team ignored in 2012. Much better to just stand there and let the incumbent beat you up for being a wealthy man.


20 posted on 04/23/2013 2:22:24 PM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: TexasGunLover
As long as foreign oil is cheap, why use our own limited resources when we can pay money to our enemies to use their limited resources.

Considering that our enemies are using the profits from our purchasing their recourses to fund terrorist that come to our shores to kill us; maybe it is not entirely a good idea.

21 posted on 04/23/2013 2:24:13 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Gen.Blather

22 posted on 04/23/2013 2:25:56 PM PDT by thackney (life is fragile, handle with prayer)
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To: TexasGunLover

Funding your enemies is not a winning strategy.

The stone age didn’t end because we ran out of stones.

Neither did the bronze age or the iron age end from a lack of resources.

Eventually we will move on from petroleum as our source of transportation fuels. I highly doubt it will be because we ran out of oil.

Your plan could leave us under Islamic rule by the time we move to the next technology, after we funded them to develop it and control the source.


23 posted on 04/23/2013 2:30:23 PM PDT by thackney (life is fragile, handle with prayer)
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To: Red Badger

Right! Now!


24 posted on 04/23/2013 2:33:39 PM PDT by Conserev1 ("Still Clinging to my Bible and my Weapon")
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To: thackney
I payed $.85 a gallon December 1999 before y2k. I think that gas was abut $.35 a gallon when carter started.
25 posted on 04/23/2013 2:36:48 PM PDT by mountainlion (Live well for those that did not make it back.)
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To: nickcarraway

We used to pay 3 cents for stripper well gasoline ~


26 posted on 04/23/2013 2:40:12 PM PDT by muawiyah
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To: thackney

Whenever I have to fill the tank!


27 posted on 04/23/2013 2:40:12 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Larry Lucido

I remember filling up in those days. Made $60 a week, but less than $4.00 to fill up the tank.


28 posted on 04/23/2013 2:51:59 PM PDT by Inyo-Mono (NRA)
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To: ZirconEncrustedTweezers

I remember back in 2000, seeing gas hit $1.50 and being incredulous.


29 posted on 04/23/2013 2:53:36 PM PDT by nickcarraway
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To: thackney
gas was $1.99 when the boy took office... just sayin
30 posted on 04/23/2013 2:55:36 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: thackney; newgeezer

Free market says there is no such thing as too high.


31 posted on 04/23/2013 2:55:56 PM PDT by DungeonMaster ( 1Cor 7:21Were you called while a slave? Do not be concerned about it;)
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To: thackney

Taxes, the favorite intoxicant of DC political parasites, both federal and state are a contributor.

The United States federal excise tax on gasoline is 18.4 cents per gallon (cpg) and 24.4 cents per gallon (cpg) for diesel fuel. On average, as of April 2012, state and local taxes add 31.1 cents to gasoline and 30.2 cents to diesel for a total US average fuel tax of 49.5 cents (cpg) per gallon for gas and 54.6 cents per gallon (cpg) for diesel.

Link to each states gas tax: http://www.gaspricewatch.com/web_gas_taxes.php

Then, depending where one lives, there could be local/municipality/city et al fuel taxes.

Here’s a link to another site that has an interative map of the US and it gives each state’s tax rate also: http://www.bankrate.com/finance/taxes/gas-taxes-by-state.aspx


32 posted on 04/23/2013 3:11:41 PM PDT by CharlesMartelsGhost
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To: thackney

It’s $4.25 a gallon in the cheap Speedway station in Crook County Illinois.....


33 posted on 04/23/2013 3:23:30 PM PDT by Fu-fu2
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To: Soul of the South
Yes, I agree. One of many issues left untouched. If you know this and I know this, why don't our candidates and their so-called advisers know this?

While I didn't want Obama to win, in hindsight, if this wakes up our politicians and others, then there is some gain. But sadly, I don't see that they have learned anything. The Stupid Party carries on blindly.

34 posted on 04/23/2013 3:36:06 PM PDT by Dave W
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To: thackney

the third chart indicates gasoline might have gotten to the price it is now, anyway, going by the rate of increase it was doing since 2003, if that rate of increase had continued without the 2008 recesssion


35 posted on 04/23/2013 4:06:01 PM PDT by Wuli
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To: ZirconEncrustedTweezers
This is probably my fault.

Back in the mid 60s, we used up all the cheap gasoline.
I remember $.21/9 for 100 octane premium.
(Car got 8 miles per gallon)

36 posted on 04/23/2013 4:06:45 PM PDT by Eric in the Ozarks (NRA Life Member)
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To: Gen.Blather
In 2008 there were $900 billion dollars in circulation. In 2009 it was $1.8 trillion and a year later it was $3.1 trillion.

And yet a lot of us didn't see those new dollars in circulation, we didn't get pay raises and or lost hours.

37 posted on 04/23/2013 4:08:28 PM PDT by CommieCutter
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To: Gen.Blather

while everyone complains about the price of gasoline and blames it on those horrible oil companies (LOL), if, since the 1960s the price of gasoline had been rising every year as much as college tuition has risen, the gasoline would be costing over $12 a gallon

if there is anything that can be said about the price of gasoline it is that market forces -

compared to the force and demand of politics (the force and demand that rewards the education industrial complex in the name of “education for the kids”)

has done a better job at price restraint with gasoline compared to what has taken place with college tuitition


38 posted on 04/23/2013 4:14:17 PM PDT by Wuli (very)
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To: CommieCutter

“And yet a lot of us didn’t see those new dollars in circulation, we didn’t get pay raises and or lost hours. “

These are “authorized” dollars. They were created with a the click of a mouse. They allow the government to buy things. They do, eventually, effect the economy by driving down the purchasing power of our “printed” dollars. If you’re China, and you’ve priced Wal-Mart widgets at $1/each, they are now $3/each. We, the public, are not seeing the full effect of this because we, the public, are panicked and hording our dollars.

When Carter increased the money supply 12% Paul Volker increased the interest rate to 20% for three years to compensate. But the Fed is no longer independent. It has tied down the interest rate (the economy’s safety valve) to somewhere between 0-1%. This is compounding the down-stream impact of the 300% increase in the money supply.


39 posted on 04/23/2013 4:17:15 PM PDT by Gen.Blather
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To: nickcarraway; Opinionated Blowhard
I remember back in 2000, seeing gas hit $1.50 and being incredulous.

In 2000, It briefly hit almost 2.00 where I live. The funny part was Democrats I knew were blaming Bush, even though he wasn't president yet. I think it was around the time he was gaining in the polls and the debates hadn't finished.

This was also the time Democrats on TV and on the ground were whining that Bush was, "Talking down the economy".

40 posted on 04/23/2013 4:23:22 PM PDT by CommieCutter
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To: Gen.Blather

I’m too young to remember the high interest rates of 1980. I did think interest rates were going to get high with Obama, which never happened...


41 posted on 04/23/2013 4:26:34 PM PDT by CommieCutter
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To: CommieCutter

“I did think interest rates were going to get high with Obama, which never happened...”

The Federal Reserve sets the interest rates. Until Obama the Federal Reserve was (an unconstitutional) private concern that did not operate at the behest of the President. They have abandoned their charter. Also, Congress, by creating the Fed early in the 20th century, abandoned the constitution. The Fed has not been audited for its entire existence. We have been operating on trust. The most recent Fed chairman is a known tax cheat with the morals of an ally cat. (This unfairly denigrates ally cats.)


42 posted on 04/23/2013 4:30:18 PM PDT by Gen.Blather
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To: thackney

Uh... thirty years ago?


43 posted on 04/23/2013 6:11:26 PM PDT by Jack Hammer (American)
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To: thackney
Military strategist and those who study history would not agree.

Again, if I can deplete someones finite resource while saving mine, it is a winning situation.
44 posted on 04/24/2013 9:44:09 AM PDT by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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To: TexasGunLover
if I can deplete someones finite resource while saving mine, it is a winning situation.

While depending on buying the same resources from the same source? Good Luck with that.

45 posted on 04/24/2013 10:42:43 AM PDT by thackney (life is fragile, handle with prayer)
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