Posted on 08/14/2006 3:11:06 PM PDT by freemarket_kenshepherd
Being a news anchor isn’t rocket science. But a little bit of basic arithmetic couldn’t hurt.
NBC’s Natalie Morales and CBS’s Julie Chen mistakenly told their respective August 14 morning show audiences that gasoline prices of $3.03-a-gallon were at “record” highs.
“Nationwide gas prices have hit yet another record high rising just over a penny in the last three weeks,” Morales told “Today” show viewers. A half-hour later Chen told her “Early Show” audience that “record prices at the pump” could soon “drop in the wake of encouraging news from the Mid East and BP oil.”
In truth, the average gas price is still below the $3.059-a-gallon post-Katrina peak from September 2005 according to AAA’s FuelGaugeReport.com. When adjusting for inflation, the difference is even starker, as gas prices would have to surpass $3.12-a-gallon to set a record, according to the federal government’s Energy Information Agency (EIA).
Talk of “record” highs was absent on the August 14 “Good Morning America,” although host Robin Roberts referred to gas prices, unoriginally, as “pain at the pump.”
Roberts’s guest Mellody Hobson of Ariel Capital Management, explained why motorists could actually see a price drop in the near future because of the Israeli/Hezbollah ceasefire and the failed terror attack.
A transcript of Hobson’s interview with Roberts can be found at the Media Research Center’s NewsBusters.org Web site.
It is off .20 here in Tulsa. at 2.79 from 2.99 about a week ago.
Never thought I would see it go down as fast as it did and stay for over 3 days. Of course my cars are still almost full of that 2.99 gas.
Around $3.10 here.
I heard this on the radio and wondered about it too -- not that I have nationwide data, just from my own experience. The prices have been going down the past few days in NW Indiana where I tend to buy -- $2.99 for regular at a lot of stations yesterday, down from a recent high of $3.15-$3.20. My own personal record high would have been over $3.20 last August. It's been a good long while since it was under $3.
wholesale gas closed below $2.00 a barrel today.
Looking at the price search sites I see much cheaper gas but most of them are to far to drive to be much of a savings for me. Better hit one while I'm in town tomorrow.
$3.08 in western Montana. The highest it has ever been, by far. The previous high was $2.99.
?
By no means the highest I have paid.
http://www.bloomberg.com/markets/commodities/energyprices.html
Wholesale gasoline on the future's market.
sorry a Gallon, not barrel.
These giddy airhead morning show hosts and hostesses do a lot of damage. And why is that? It's because their audiences are even dumber than they are - dumb to listen to them, dumb to be watching them in the first place.
On the history channel they were saying that in the earliest days of pumping and using oil it was going for about $44 a barrel. Price adjusted it would be about equal to around $700 per barrel today.
"Of course my cars are still almost full of that 2.99 gas."
Well, Duh. Go drive around and burn up that high priced gas so you can take advantage of the $2.79 stuff.
$2.68 a gallon for regular here in Cambridge, Ohio!
It's dropped several cents here in upstate SC. It dropped from 2.79 to 2.74 just from Friday to Saturday. I think it's below 2.70 now. Some stations have kept higher prices, especially certain locations that always seem to have the highest prices.
I paid $3.11 in El Dorado Hills East of Sacramento this morning.
We'd have a gas line from here to Palm Springs if a price of 3.10 showed up.
$3.30 is the norm in our 'hood right now.
Our gas would be cheaper here if the Wolverine pipeline hadn't been shut down.
They want it to be true, so they just say it is. SOP for the MSM.
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