Retail gas hits record $3.50 a gallon as oil marches higher

AP ^ | 04/21/08 | ADAM SCHRECK

[TigerLikesRooster]

Goldman Sachs must be overjoyed.

[Inyo-Mono]

I wish it was only $3.50 a gallon. Near $4.00 here in Nor Cal and well over $4.50 just north of here.

[Dahoser]

How many of the people, do you think, who are complaining about the price of gas are against drilling in ANWR, offshore, using more coal and other supply solutions? Far too bloody many is the answer!

[eyedigress]

This will cause a permanent change that will be the downfall of OPEC. They must know this will now drive shale extraction as the profit margin has been met.

[Travis McGee]

Now the weak dollar really begins to bite, as we are out-bid for oil and other commodities on the world market. Including even the food produced in the USA.

[ButThreeLeftsDo]

http://www.freerepublic.com/focus/news/2004206/posts?page=171#171

[Need4Truth]

“an attack on a Japanese oil tanker in the Middle East”

Obamatopia will fix all this./sarc

[TigerLikesRooster]

Right. The effect of weak dollar will become more apparent as time passes.

[Old Sarge]

And no one will do anything about it. The sheep will continue to pay more for their cars. Just like I will. Just like you will. And there’s nothing you can do about it.

[Blackhawk]

Yeah, we passed $3.50 about a week ago here in Milwaukee, WI.

At $3.69 today and expecting $3.79 tomorrow, so we aren't far behind you.

[rb22982]

I’ve cut back on driving and bought fuel efficient vehicles. I use about 20% less energy at home this year than last. If prices keep going up, I’ll keep driving less (fewer trips to family, stay far closer on vacations, etc). If you went from a 15 mpg vehicle to say 34, you basically cut your gas price by more than half, which is what I did 3 years ago.

[Gator113]

Note to self: Fill the boat now, while it’s cheap.

[Travis McGee]

Americans are in for a rude awakening, as our food is exported abroad for higher prices.

Then we will see export controls, and the usual market distortions.

Let's see, going into the worst recession in at least a generation, and putting on tariffs.....what does that sound like? Hmmmm......

[CodeToad]

It sounds like a thunder clap...or it will.

[eyedigress]

I don’t need a 73’ anymore than anyone else. I am equipped to handle it now but we must get our allies together.

[Travis McGee]

What allies? Do you think they will give us charity? Our debased dollar can’t buy what they can buy.

[eyedigress]

It is a mess and America will slow to a crawl just to make China get off the dollar. It’s one hell of a balancing act. We should have responded to this years ago.

[dragnet2]

What allies? Do you think they will give us charity? Our debased dollar can’t buy what they can buy.

As this government/leadership continues to send billions of our dollars to every other country on earth as foreign aid gifts. While many of these countries receiving *our* money, want to see us on our knees in a bad way. From a distance, it has to appear like we're committing national suicide.

[mysterio]

Energy independence now.