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$4 Gas Might be Here to Stay (Drill Here, Drill Now And Watch Gas Prices Go Down)
abc ^ | 5/4/2011 | MICHAEL MURRAY

Posted on 05/04/2011 3:39:42 PM PDT by tobyhill

In state after state, stunned drivers are pulling into gas stations advertising $4-per-gallon gas. Five states already have record-high gas prices, and another 22 states are within 15 cents of record prices. Economists say that prices may dip to around $3.25 later this year, but that everyone should start getting used to seeing a new digit on gas station price boards.

The U.S. Department of Energy reported late Monday that gasoline prices at the pump averaged $3.96 a gallon nationwide, up a little over 8 cents from a week ago.

"Nationally, gasoline prices have been above $4 for the last week or so," Jamie Webster, a senior manager with PFC Energy, told ABC News. "I would anticipate that staying above $4 a gallon for gasoline, the national average, is probably going to be the case through Memorial Day, and probably a few weeks after that."

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Extended News; Front Page News; News/Current Events
KEYWORDS: democrats; drillheredrillnow; economy; energy; envirofascism; gasprices; liberalfascism; obama; oil

1 posted on 05/04/2011 3:39:47 PM PDT by tobyhill
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To: tobyhill

Gas prices will go down if

1) We use our resources and..

2) We stop printing money.


2 posted on 05/04/2011 3:42:15 PM PDT by Perdogg (0bama got 0sama?? Really, was 0sama on the golf course?)
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To: tobyhill

Was with a friend over the weekend in Ontario. Gas prices are more expensive than in New York, so we popped across the border to fill er up. She says, “we drill our own here, from Alberta”. If that is the case, why is gas more $$$ than in NY??

I don’t see drilling in the U.S. as a bad thing, but americans might be in for a rude awakening if they expect to see drastic price differences.


3 posted on 05/04/2011 3:42:37 PM PDT by Soothesayer9
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To: tobyhill

Just minutes ago I read an article here on FR from PMSDNC about how Americans have become “resigned” to $4 gas. This must be the White House’s new directive to their sycophantic media pals: tell ‘em that all of their fellow Americans have accepted the high prices, so they should too. These talking points were probably included in a flyer at the door of that swell black tie dinner they all attended last weekend.


4 posted on 05/04/2011 3:43:59 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: tobyhill

Right, get used to five buck a gallon gas is more like it.

Hey Obamabots, this is what you voted for. This is what he said he wanted.

Oceania is at war with Eurasia. Oceania has always been at war with Eurasia.


5 posted on 05/04/2011 3:44:02 PM PDT by Argus
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To: tobyhill

Gas here in the Akron/Cleveland area actually went down! From $4.16 down to $4.10


6 posted on 05/04/2011 3:46:45 PM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: LostInBayport

the presstitutes think we should accept this,inflation and 9% unemployment as the new ‘normal’.


7 posted on 05/04/2011 3:47:37 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: Soothesayer9
When Bush lifted the moratorium on drilling the price of oil dropped from $147 a barrel to $38 a barrel in 6 months but when Obama reinstated the moratorium prices have continually gone up.

“Speculators” or Investors, as normal people call them, look at more supply as lower cost.

8 posted on 05/04/2011 3:48:20 PM PDT by tobyhill
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To: LostInBayport

Yea, that’s the ticket.


9 posted on 05/04/2011 3:50:08 PM PDT by tobyhill
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To: WOBBLY BOB

A long running liberal view of things is that it’s bad that gas in America is cheaper than in Europe, where the taxes are much higher. The liberal view is that our gas prices should be much higher, because then people will be more accepting of alternative energy, windmills, solar, etc.


10 posted on 05/04/2011 3:51:40 PM PDT by Dilbert San Diego
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To: Argus

I don’t know of one person, personally, who voted for obama who has said they won’t vote for him next time. Those who support him worship him. He can do no wrong. Long after this nation is kaput they’ll still be singing his praises while living in squalor. I was going to say “under a bridge” but they’ll all have fallen down in a few years.


11 posted on 05/04/2011 3:52:48 PM PDT by Terry Mross (Only a SECOND party will get my vote.)
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To: Soothesayer9
She says, “we drill our own here, from Alberta”. If that is the case, why is gas more $$$ than in NY??

Taxes.

12 posted on 05/04/2011 4:05:26 PM PDT by buccaneer81 (ECOMCON)
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To: buccaneer81

I don’t expect gas prices will ever go below $3 a gallon, ever again.

Fox just had a report on HAWAII paying up to $6.30 for premium. Of course, that’s Hawaii...

Indiana is well over $4, IL is too in most areas.

I suspect that $3.50 to $3.80 range will be the new norm, just like 8% unemployment is just great...

EffObozo and all his ilk, supporters and anyone who like him. May they all get fleas.


13 posted on 05/04/2011 5:07:57 PM PDT by GRRRRR (He'll NEVER be my President, FUBO! Treason is the Reason! Impeach the Kenyan)
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To: WOBBLY BOB

“the presstitutes think we should accept this,inflation and 9% unemployment as the new ‘normal’.”

Of course they do...
A DEMOCRAT is in charge, after all.


14 posted on 05/04/2011 5:26:46 PM PDT by tcrlaf (You can only lead a lib to the Truth, you can't make it think...)
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To: tobyhill
EconomistsThe Communists say that prices may dip to around $3.25 later this year, but that everyone should start getting used to seeing a new digit on gas station price boards.

Fixed it for you, ya ABC unclef***ers.
15 posted on 05/04/2011 5:29:27 PM PDT by snowrip (Liberal? You are a socialist idiot with no rational argument.)
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To: Soothesayer9

Because the government of Canada is socialist, and taxes the living daylights out of energy.


16 posted on 05/04/2011 5:30:43 PM PDT by snowrip (Liberal? You are a socialist idiot with no rational argument.)
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To: tobyhill

The mere announcement of the granting of domestic oil leases would immediately reduce oil prices; the price of oil futures would similarly drop. It does not have to take years as the environmental wackos insist.


17 posted on 05/04/2011 5:44:35 PM PDT by luvbach1 (Stop Barry now. He can't help himself.)
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To: luvbach1

Exactly.


18 posted on 05/04/2011 5:45:52 PM PDT by tobyhill
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To: luvbach1

Correct. When GWB did it, gas went from $4.10 to $1.65 in four months.


19 posted on 05/04/2011 5:51:40 PM PDT by buccaneer81 (ECOMCON)
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To: Perdogg

In other words, when we get rid of Obama.


20 posted on 05/04/2011 6:23:42 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: Dr. Bogus Pachysandra

In the northern CT/western MA area, prices seem to have stabilize in the $3.90 range in MA and around $4.15 in CT. Last I checked crude is down down a hair.


21 posted on 05/04/2011 6:51:51 PM PDT by matt04
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To: matt04
In the northern CT/western MA area, prices seem to have stabilize in the $3.90 range in MA and around $4.15 in CT. Last I checked crude is down down a hair.

What do you mean by the tearm "stabilized"? Do you mean that gas prices haven't gone up in few days?

22 posted on 05/04/2011 7:02:31 PM PDT by NRG1973
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To: Dilbert San Diego

because then people will be more accepting of alternative energy, windmills, solar, etc.


Find an alternate energy source that is cheaper than fossil fuel and doesn’t change my lifestyle (i.e. doesn’t make me give up a car, electricity, mass transit, indoor heat etc...) and you can sign me up. Unfortunately, wishing it was so does not make it so. Right now there is simply no replacement for fossil fuel that will provide for what we consider a normal lifestyle.


23 posted on 05/04/2011 7:08:51 PM PDT by Personal Responsibility (The more the plans fail the more the planners plan - Ronald Reagan)
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To: tobyhill
"$4 Gas Might be Here to Stay" Yeah right! In what universe?

Things might eventually be o.k. if we settled at ONLY $4/gal. It's goin' waaay above that, folks.

24 posted on 05/04/2011 7:28:33 PM PDT by PENANCE
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To: tobyhill

Record high gas?

You’ll get used to it.

Now pay your taxes, your government is broke. :)


25 posted on 05/04/2011 8:02:52 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: All

$4.55 a gallon here today in the burbs of $hitcago. Pretty soon I’ll only be able to go visit my grandbaby maybe once a week. And be resigned to the cheapo theater for our monthly outing. P’s me off that my extra cash is now going to rich people instead of allowing me to enjoy a little time with my family!@#$


26 posted on 05/04/2011 10:42:51 PM PDT by kelly4c
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To: NRG1973

Most stations have had the same prices for the last three to five days, even after deliveries. Compared to a few weeks ago, almost every station increased their prices by 3-5 cents each day or every other day.


27 posted on 05/04/2011 10:43:27 PM PDT by matt04
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To: Perdogg

1. Fungibility of oil means market prices will be affected by supply and demand. Chinese and Indian demand will suck up any additional supply the US can generate. High oil prices will be around until the countries with a lot of cheap oil still in the ground (ME) produce more.

2. The nominal price of oil is irrelevant economically.

I don’t get the impression that you have a strong grasp of economics based on these comments. Please feel free to disabuse me.


28 posted on 05/05/2011 12:47:47 AM PDT by Einigkeit_Recht_Freiheit (Using profanity gives people who don't want information from you an excuse not to listen.)
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To: Einigkeit_Recht_Freiheit

Ah, a voice of sanity...I hope you’re wearing your finest asbestos suit; you may well need it.


29 posted on 05/05/2011 2:17:04 AM PDT by AnAmericanAbroad
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To: Soothesayer9
Was with a friend over the weekend in Ontario. Gas prices are more expensive than in New York, so we popped across the border to fill er up. She says, “we drill our own here, from Alberta”. If that is the case, why is gas more $$$ than in NY??

Canadian taxes, and taxes on tax, to support their massive failed experiment of nationalized health care?

30 posted on 05/05/2011 4:36:35 AM PDT by mvpel (Michael Pelletier)
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To: Einigkeit_Recht_Freiheit
>Fungibility of oil means market prices will be affected by supply and demand. Chinese and Indian demand will suck up any additional supply the US can generate.

LOL - yeah, just toss out the statement and ignore the half of it!
The part about supply - It doesn't matter who sucks what, it matters what the supply is, and every single thing that increases supply decreases the price.

High oil prices will be around until the countries with a lot of cheap oil still in the ground (ME) produce more.

Fixed it. - As if there is a great difference between sweet & heavy crude on the world price. Sheesh!

31 posted on 05/05/2011 5:43:25 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: bill1952

So Bill, Pal...

Obviously you are quite a brilliant fellow. Would you be so kind as to explain to me how Saudi Crude which costs less than 3$ a barrel to extract is perhaps a bit different from the deep sea or tar sands type that is only viable about $50 or $60 a barrel?

Unless you have taken more than a high school course in economics, perhaps you want to go buy a textbook or something befor engaging in a conversation of this nature.

The reason oil is so expensive is because of the market power of the ME producers. It is not a lack of oil, but rather the ogliopoly of OPEC, led by the Saudis. It is kind of like they have their hands on a special part of our manhood and can twist it at will.


32 posted on 05/05/2011 11:42:45 AM PDT by Einigkeit_Recht_Freiheit (Using profanity gives people who don't want information from you an excuse not to listen.)
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