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Gas roars higher, pressuring holiday travelers (Hey Eco-Idiots, enjoy your $4 a gallon of gas!)
yahoo ^ | 5/23/2008 | JOHN WILEN, AP Business Writer

Posted on 05/23/2008 8:29:24 AM PDT by tobyhill

NEW YORK - As consumers began hitting the road Friday for the Memorial Day weekend, they faced the sobering reality that it now costs $87 to fill a Ford Explorer SUV, up $14 from last year, and $72 to fill a mid-sized Honda Accord, up $12.

That's because gas prices, which took another jump higher overnight, are up nearly 20 percent, or 65 cents a gallon, over the past year to average nearly $3.88 a gallon nationally. But unlike this time last year, when gas prices were at their peak for 2007, pump prices now show no signs of halting their daily assault on the record books.

"Four dollars (a gallon) is a done deal now," said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill. "We could go significantly above that."

On average, drivers in Alaska, Connecticut, California, New York and Illinois are already paying more than $4 for gas, and an increasing number of stations around the country are posting prices higher than $4. In Alaska, where the average price of regular gas stood at a national high of $4.181 Friday, it now costs $94 to fill an Explorer, and $77 to fill an Accord.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: democratcongress; democratmajority; democratparty; democrats; economy; elections; energy; gasoline; gasprices; oil; soros
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1 posted on 05/23/2008 8:29:24 AM PDT by tobyhill
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To: tobyhill

Where’s Andrew Ryan when you need him?

/end obscure reference


2 posted on 05/23/2008 8:32:03 AM PDT by domenad (In all things, in all ways, at all times, let honor guide me.)
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To: tobyhill
Simple result for all the "holiday travelers" -



...DON'T TRAVEL.
3 posted on 05/23/2008 8:32:44 AM PDT by arderkrag (Libertarian Nutcase (Political Compass Coordinates: 9.00, -2.62 - www.politicalcompass.org))
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To: tobyhill
In Alaska, where the average price of regular gas stood at a national high of $4.181 Friday,

It's $4.20 in West Michigan..............

4 posted on 05/23/2008 8:33:36 AM PDT by varon (Allegiance to the constitution, always. Allegiance to a political party, never.)
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To: tobyhill

AK deserves better, after promoting oil production in their state. CA and FL do not. Justice would be served if drivers in those states had to walk. Maybe they’d consider letting the rest of the US have oil off their coasts, as TX and LA have done these many years.


5 posted on 05/23/2008 8:33:39 AM PDT by kittymyrib
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To: tobyhill

Uhmerika in the 21st Century: people believe in OJ’s innocence and talk about it incessantly but refuse to believe or even concede that all the hand-wringing about nonexistent global warming has brought us to this point.

The Saudis sit back and take a nice long drag of the hookah and laugh their heads off.


6 posted on 05/23/2008 8:34:38 AM PDT by relictele
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To: tobyhill

Read this and I think you will agree the oil industry has already been Nationalized in the US;

It was common in those days, as it is in ours, to identify the Communists as leftist and the Nazis as rightists, as if they stood on opposite ends of the ideological spectrum. But Mises knew differently. They both sported the same ideological pedigree of socialism. “The German and Russian systems of socialism have in common the fact that the government has full control of the means of production. It decides what shall be produced and how. It allots to each individual a share of consumer’s goods for his consumption.”

The difference between the systems, wrote Mises, is that the German pattern “maintains private ownership of the means of production and keeps the appearance of ordinary prices, wages, and markets.” But in fact the government directs production decisions, curbs entrepreneurship and the labor market, and determines wages and interest rates by central authority. “Market exchange,” says Mises, “is only a sham.”

Mises’s account is confirmed by a remarkable book that appeared in 1939, published by Vanguard Press in New York City (and unfortunately out of print today). It is The Vampire Economy: Doing Business Under Fascism by Guenter Reimann, then a 35-year old German writer. Through contacts with German business owners, Reimann documented how the “monster machine” of the Nazis crushed the autonomy of the private sector through onerous regulations, harsh inspections, and the threat of confiscatory fines for petty offenses.

“Industrialists were visited by state auditors who had strict orders to examine the balance sheets and all bookkeeping entries of the company or individual businessman for the preceding two, three or more years until some error or false entry was found,” explains Reimann. “The slightest formal mistake was punished with tremendous penalties. A fine of millions of marks was imposed for a single bookkeeping error.”

Reimann quotes from a businessman’s letter: “You have no idea how far state control goes and how much power the Nazi representatives have over our work. The worst of it is that they are so ignorant. These Nazi radicals think of nothing except ‘distributing the wealth.’ Some businessmen have even started studying Marxist theories, so that they will have a better understanding of the present economic system.

“While state representatives are busily engaged in investigating and interfering, our agents and salesmen are handicapped because they never know whether or not a sale at a higher price will mean denunciation as a ‘profiteer’ or ‘saboteur,’ followed by a prison sentence. You cannot imagine how taxation has increased. Yet everyone is afraid to complain. Everywhere there is a growing undercurrent of bitterness. Everyone has his doubts about the system, unless he is very young, very stupid, or is bound to it by the privileges he enjoys.

“There are terrible times coming. If only I had succeeded in smuggling out $10,000 or even $5,000, I would leave Germany with my family. Business friends of mine are convinced that it will be the turn of the ‘white Jews’ (which means us, Aryan businessmen) after the Jews have been expropriated. The difference between this and the Russian system is much less than you think, despite the fact that we are still independent businessmen.”

As Mises says, “independent” only in a decorous sense. Under fascism, explains this businessman, the capitalist “must be servile to the representatives of the state” and “must not insist on rights, and must not behave as if his private property rights were still sacred.” It’s the businessman, characteristically independent, who is “most likely to get into trouble with the Gestapo for having grumbled incautiously.”

“Of all businessmen, the small shopkeeper is the one most under control and most at the mercy of the party,” recounts Reimann. “The party man, whose good will he must have, does not live in faraway Berlin; he lives right next door or right around the corner. This local Hitler gets a report every day on what is discussed in Herr Schultz’s bakery and Herr Schmidt’s butcher shop. He would regard these men as ‘enemies of the state’ if they complained too much. That would mean, at the very least, the cutting of their quota of scarce and hence highly desirable goods, and it might mean the loss of their business licenses. Small shopkeepers and artisans are not to grumble.”

“Officials, trained only to obey orders, have neither the desire, the equipment, nor the vision to modify rules to suit individual situations,” Reimann explains. “The state bureaucrats, therefore, apply these laws rigidly and mechanically, without regard for the vital interests of essential parts of the national economy. Their only incentive to modify the letter of the law is in bribes from businessmen, who for their part use bribery as their only means of obtaining relief from a rigidity which they find crippling.”

Says another businessman: “Each business move has become very complicated and is full of legal traps which the average businessman cannot determine because there are so many new decrees. All of us in business are constantly in fear of being penalized for the violation of some decree or law.”

Business owners, explains another entrepreneur, cannot exist without a “collaborator,” i.e., a “lawyer” with good contacts in the Nazi bureaucracy, one who “knows exactly how far you can circumvent the law.” Nazi officials, explains Reimann, “obtain money for themselves by merely taking it from capitalists who have funds available with which to purchase influence and protection,” paying for their protection “as did the helpless peasants of feudal days.”

“It has gotten to the point where I cannot talk even in my own factory,” laments a factory owner. “Accidentally, one of the workers overheard me grumbling about some new bureaucratic regulation and he immediately denounced me to the party and the Labor Front office.”

Reports another factory owner: “The greater part of the week I don’t see my factory at all. All this time I spend in visiting dozens of government commissions and offices in order to get raw materials I need. Then there are various tax problems to settle and I must have continual conferences and negotiations with the Price Commission. It sometimes seems as if I do nothing but that, and everywhere I go there are more leaders, party secretaries, and commissars to see.”

In this totalitarian paradigm, a businessman, declares a Nazi decree, “practices his functions primarily as a representative of the State, only secondarily for his own sake.” Complain, warns a Nazi directive, and “we shall take away the freedom still left you.”

In 1933, six years before Reimann’s book, Victor Klemperer, a Jewish academic in Dresden, made the following entry in his diary on February 21: “It is a disgrace that gets worse with every day that passes. And there’s not a sound from anyone. Everyone’s keeping his head down.”

It is impossible to escape the parallels between Guenter Reimann’s account of doing business under the Nazis and the “compassionate,” “responsible,” and regulated “capitalism” of today’s U.S. economy today. At least the German government was frank enough to give the right name to its system of economic control.

Here is the link for this article:

http://mises.org/story/47


7 posted on 05/23/2008 8:35:57 AM PDT by stockpirate (Typical bitter white person, not voting for McCain, he's socialist.)
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To: tobyhill

Democrats prefer higher gas prices for their followers, who are freshly blaming the oil execs dragged before capitol hill this week.


8 posted on 05/23/2008 8:39:04 AM PDT by Son House (God Enlightened me through Charles Gibson, the top Income Tax Rate Should be 15% too!)
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To: relictele
They're laughing all the way to the bank. DOE Bodman said yesterday that no matter all the “eco-friendly” crapola that's done the prices will not lower on gas till we have more supplies. He mentioned that they could go to 20% ethanol blend without engine damage but there's no way our corn ethanol producers could pump out 20% now and even if they did food prices would sky-rocket.
9 posted on 05/23/2008 8:39:24 AM PDT by tobyhill (The media lies so much the truth is the exception)
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To: arderkrag
Simple result for all the "holiday travelers" - ...DON'T TRAVEL.

Yeah, great solution. Should we also not purchase anything transported?

That's the thing about oil : even when you don't buy oil, you buy oil.
10 posted on 05/23/2008 8:41:19 AM PDT by mysterio
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To: stockpirate

Great point about Nazi economic “policy.” Thank God they practiced it. Their military production was chaotic and they didn’t deliver sufficient weapons to their armed forces until Speer took over, and then it was fortunately too late.

As for the United States, every day we take a step closer to central planned misery. And in November I think we are going to take a big leap in that direction.


11 posted on 05/23/2008 8:41:45 AM PDT by henkster (Obama '08: A 3rd world state, here & now!)
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To: kittymyrib
CA and FL do not. Justice would be served if drivers in those states had to walk.

FL Freeper here, and I've been doing exactly that! I'm to the point where I have to decide if I drive to work or pay my mortgage.

I work in IT, but our company won't let us telecommute. They want to have "bodies in chairs," as they put it.

I rode my bike to the office for the first time a few weeks ago and have been doing it twice a week since. I have to leave at 6 AM to get here by 7, and the first day I did it, my boss sent me home to "shower." I told him this could all be ameliorated if I could work from home. We have the capability, but they want us here. I was threatened with a write up, but when three other folks started doing the same thing, some people in upper mgmt took notice.

There's a petition going around to install showers, but I don't think it'll gain much more steam. We simply cannot afford to drive to work, and since the organization won't allow us to telecommute (Mgmt can, but the peasants cannot), and they won't give us a raise or cost-of-living adjustments, we're forced to use pedal transport.

Maybe $5/gal will get their attention?

12 posted on 05/23/2008 8:42:24 AM PDT by rarestia ("One man with a gun can control 100 without one." - Lenin / MOLWN LABE!)
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To: stockpirate
Yep. The socialist are in the final stages of their “big oil” takeover. The oil and gas companies are in the business of pumping out oil and making gas but the commy pigs are determined to make them go outside their business model or they will be put out of business period.
13 posted on 05/23/2008 8:43:36 AM PDT by tobyhill (The media lies so much the truth is the exception)
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To: domenad

Off somewhere, shrugging, I thought....


14 posted on 05/23/2008 8:45:00 AM PDT by Eepsy (12-26-2008 +1)
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To: tobyhill
"We could go significantly above that."

There is a good chance this will wreck the US economy. It would take several years to recover.

Already, the rising fuel prices are impacting groceries and consumer items. Soon it will be impacting utility costs.

The current increased grocery and consumer items price increases were based the gas prices at around $3.00 per gallon. So more increases are inevitable.

If gas continues to rise, within a few months, correspondingly, so will grocery and consumer item costs, and then utility/heating/cooling costs.

Wages are note rising at the same rate to offset the price increases.

Those on fixed incomes and those dependent on 'interest-bearing' income are behing hard hit. Interest rates have dropped to unprecedented levels, so those IRAs and Annuities are seeing significantly low returns.

It is also starting to impact the job/manufacturing markets.

One major auto producer has already announced significant reductions in production for the remaining months of 2008. Others will probably follow.


15 posted on 05/23/2008 8:45:35 AM PDT by TomGuy
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To: mysterio

I know that, it’s not the point. The article is whining about holiday travel. I was replying within that context.


16 posted on 05/23/2008 8:48:00 AM PDT by arderkrag (Libertarian Nutcase (Political Compass Coordinates: 9.00, -2.62 - www.politicalcompass.org))
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To: mysterio
Yeah, great solution. Should we also not purchase anything transported?

That's the thing about oil : even when you don't buy oil, you buy oil.

I wouldn't go that far but any little thing helps.

At least he's trying. What's your part of the solution?

17 posted on 05/23/2008 8:50:16 AM PDT by Just another Joe (Warning: FReeping can be addictive and helpful to your mental health)
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To: henkster

As for the United States, every day we take a step closer to central planned misery. And in November I think we are going to take a big leap in that direction.
:::::::
Looks that way. The government is doing nothing to provide for our energy needs and policy direction. NOTHING. So the economy gets wrecked by greed, malfeasance and foreign governments that hate America. Curious coincidence that Bin Laden knew that the way to bring America down was financially — that is one of the reasons why they hit the WTC on 9/11. With a dysfunctional Congress and administration on energy policy, our enemies are just sitting back laughing as they put the sqeeze on America. It is sad when an American President goes to Saudi Arabia to be for cheap oil.....totally pathetic and telling.


18 posted on 05/23/2008 8:50:34 AM PDT by EagleUSA
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To: Son House
Democrats prefer higher gas prices for their followers

As long as the sheeple blame the other party, the status quo continues. As long as the party leaders can keep the sheeple blaming the other party, they don't have to take responsibility.

Get your head out of the sand, and you will see that NEITHER party has done much more than bluster since the first major gas price hikes in the 70s.

All the current crop of elected representatives are doing is dusting off the same ole tired responses that the elected representatives were giving in the 1970s and in the 1980s and in the 1990s.

As long as the sheeple only whine (especially about the other party), the politicians are safe to continue the status quo. [Because those politicians benefit more from prosperous big businesses than they do from the sheeple.]
19 posted on 05/23/2008 8:52:48 AM PDT by TomGuy
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To: Just another Joe
At least he's trying. What's your part of the solution?

I'm not driving anywhere except work and not buying anything but essentials. I got a closer job a couple years ago to cut my commute in half. I bought efficient light bulbs. Soon I plan to stay at a holiday inn express. Other than that, there's not much I can do other than to empty my wallet to third world dictators so I can get to work because our country refuses to make energy independence top priority.

We need a 15 year energy independence moonshot. If we don't do it, we will lose superpower status within 50 years. It's a simple choice.
20 posted on 05/23/2008 8:55:41 AM PDT by mysterio
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