Gasoline prices have risen by $1.00/gal since Obama took office

Little-Acorn

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For those of you who thought the Obama administration must have done SOMETHING right, SOMEWHERE........

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http://www.washingtontimes.com/news/2010/oct/25/gas-prices-rise-breaking-pattern/

Gas prices rise, breaking pre-election pattern
By Kara Rowland
-
The Washington Times
6:43 p.m., Monday, October 25, 2010
ASSOCIATED PRESS

Gasoline prices haven't gotten much attention amid all the other bad economic news for Democrats heading into a final week of campaigning, but the price per gallon has climbed nearly 15 cents since Labor Day - a surprising jump, given that prices usually plummet before an election.

The cost of a gallon of gas has eclipsed the $3 mark in several parts of the country and clocks in nationally at $2.82, according to the Energy Information Administration (EIA). That's up from $2.68 on Sept. 6, and overall about $1 higher than the week of Jan. 26, 2009, when President Obama took office and the per-gallon price was $1.81.

Analysts say the surge in pump prices defies historical trends that call for a drop-off after the Labor Day holiday, which signals the end of the summer driving season and the traditional dip ahead of the November election season.

"We're puzzled by it," said John B. Townsend II, a spokesman for AAA Mid-Atlantic. "It's becoming increasingly expensive, and the great anomaly is that never happens before an election - prices always fall."


(Full text of the article can be read at the above URL)
 
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First he under reacted to the gulf oil spill, then he over reacted, shutting down oil rigs in shallow areas. The hallmark of the obozo adminitration: incompetence.
 
first there is the clear problem of....Gas prices change by time of year, always...so you can't look at price in Jan of one year and sept oct of a 2nd year and have a fair comparison.
2nd, there where times I paid over 4 a gal for gas,,,Under Bush,,,you realy want to start crying about gas now?

3rd. what do you suppose he should have done to lower gas?

4...there was this little event ...spewing gas all over the gulf coast...you may have heard about it,,,,think that may effect cost at all?
 
you can't look at price in Jan of one year and sept oct of a 2nd year and have a fair comparison.

Analysts say the surge in pump prices defies historical trends that call for a drop-off after the Labor Day holiday, which signals the end of the summer driving season and the traditional dip ahead of the November election season.

"We're puzzled by it," said John B. Townsend II, a spokesman for AAA Mid-Atlantic. "It's becoming increasingly expensive, and the great anomaly is that never happens before an election - prices always fall."

(yawn)
 
must be the yearly gas spill in the gulf was not as strong before..

sorry where the facts to much?

The real "facts" are these:

1) The BP rig that exploded was not an oil producing platform, and therefore not part of the supply of oil that dictates supply vs. demand in the world market.

2) BP was in the process of capping that well when it exploded. They were capping it because when you make a new find, you cap the well, and then determine how economically viable it is to bring that oil to the market. Therefore, even had the well not exploded, that oil would not have been in the market anyway.

3) The price of oil is valued against the dollar in the world market.

4) In times of a weak dollar (ie now), investors will bid up oil contracts, ultimately driving the price of oil, and then by extension gas, higher.

The BP explosion has little if anything to do with rising gas prices, a weak dollar is behind rising gas prices.
 
Just before the recession hit, we were paying around $4.50 locally. Once the economy tanked, the price plunged to around $3, about where it is now. The conventional wisdom at the time was that the recession sparked a decline in demand, which led to lower prices.

Could it be that demand is climbing again? As Big Rob pointed out, the gulf oil spill didn't decrease the supply, so it seems likely that the current increase is due to increased demand somewhere.

The premise of this post must be exaggerated, though. Gas is just a hair over $3 right now, even a little less at Costco. I don't remember gas being around $2 for several years now.
 
ITS THE WAR!! Dont you get it? Obasmsa Promised to end the war and declare a defeat for the US. He didnt do it. The ARABS are holding a grunge on Gas prices because Americans are still occupying arabic land.
 
The real "facts" are these:

1) The BP rig that exploded was not an oil producing platform, and therefore not part of the supply of oil that dictates supply vs. demand in the world market.

2) BP was in the process of capping that well when it exploded. They were capping it because when you make a new find, you cap the well, and then determine how economically viable it is to bring that oil to the market. Therefore, even had the well not exploded, that oil would not have been in the market anyway.

3) The price of oil is valued against the dollar in the world market.

4) In times of a weak dollar (ie now), investors will bid up oil contracts, ultimately driving the price of oil, and then by extension gas, higher.

The BP explosion has little if anything to do with rising gas prices, a weak dollar is behind rising gas prices.

the BP Spill aslo caused us to shut down other wells while we made sure they where safe, and you know as well as I do that anything that scares the market, does not matter if based on fact, will effect gas prices...Sept 11 had zero effect on how much gas we had...but prices skyrocketed..

yes the dollar is lower, so gas is more...it also means we can sell stuff overseas cheaper....there are trade offs..

and also...Obama being president, has no real effect on why gas prices are where they are right now.
 
Just before the recession hit, we were paying around $4.50 locally. Once the economy tanked, the price plunged to around $3, about where it is now. The conventional wisdom at the time was that the recession sparked a decline in demand, which led to lower prices.

Could it be that demand is climbing again? As Big Rob pointed out, the gulf oil spill didn't decrease the supply, so it seems likely that the current increase is due to increased demand somewhere.

The premise of this post must be exaggerated, though. Gas is just a hair over $3 right now, even a little less at Costco. I don't remember gas being around $2 for several years now.

I also don't recall it being that low as well, and I know that Jan is when its normally cheapest here...no more Holiday travel, and roads suck balls so people stay in, low demand for Fuel for cars.
 
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the BP Spill aslo caused us to shut down other wells while we made sure they where safe, and you know as well as I do that anything that scares the market, does not matter if based on fact, will effect gas prices...Sept 11 had zero effect on how much gas we had...but prices skyrocketed..

There was some short term speculation, however ultimately the only rigs that were really shut down were deepwater exploratory rigs.. ie non producing rigs.

yes the dollar is lower, so gas is more...it also means we can sell stuff overseas cheaper....there are trade offs..

Of course.

and also...Obama being president, has no real effect on why gas prices are where they are right now.

I don't disagree. Unless you can draw direct lines between Obama and a weak dollar, he has nothing to do with it.
 
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