$3.24 West NY
Posted on 12/24/2010 9:09:21 AM PST by massmike
It may be the happiest season of the year,but higher oil prices that have translated into gas prices topping $3 a gallon have many motorists frowning.
(Excerpt) Read more at dailyfinance.com ...
If we didn’t have 20% unemployment it would be pushing $5/gal due to his drilling moratorium.
Merry Christmas
We would gladly pay $3 again for gas.....it is now $3.56 here in Hilo.
$3.24 West NY
What are they talking about? Gas has been over 3 bucks a gallon in CA for months.
This should make Baraq Sheik Obama very happy.
What we need is to raise the tax.
Then when the price spikes, people will stop using it, which will drop demand, which will drop the price.
/sarc
Hell, Id’ be somewhat happy at $3.00 per gal. It just went to $3.45 here in LA.
It’s about $2.60 in Denver,Colorado at the cheap places. Up in the mountains it’s about $2.80.
The USA is not the big player in the price anymore. We are using less and will pay more. Demand overseas is pushing price now, and that demand is growing.
It looks like gas will go up about another 25 cents a gallon fairly quickly. I think it will stabilize about there for a while. It’s a market, and like all markets it seeks the highest price level that does not affect consumption of the product. That’s also why it overshoots and comes back a little as proper pricing power is discovered.
I’m not saying it’s a perfect or even proper pricing market, there is no such thing anymore. But, it’s the market we have, so we will deal with it.
When you take inflation and currency values into account, gas is not very expensive at this time. That’s why I predict the pricing action you see above.
Thank you, Obama. Merry freaking Christmas.
$3.15.9 here in Westerrn PA.
I can’t afford this. I hate those Democrats. I hate them.
That’ll teach ‘em for not flying.
From the charts you posted; it’s interesting to note that the largest declines in fuel prices occur just prior to elections in November.
I hedge against rising gas prices with ConocoPhillips stock. $3.50/gal gas...Good news!
And why would this be?
1. Obama and dems destroying our ability to drill
2. love for Chinese and anyone else to drill to help Soros’ investments
3. hate for nuclear
4. believe by dems that electric cars get their electricity from thin air, not coal, nat gas or nuclear to make turbines spin
5. last but not least, our side it a bunch of wimps and lawsuits and challenges SHOULD abound, but you don’t see any of them.
Citizenry and republicans should be screaming to the media and from the rooftops about this.
We Minerals were out and about this morning to the Wal*Mart. The at the edge of town Shell station had $2.89 and the Exxon/Wendy/Baskin-Robbins was $2.99. The Wal*Mart was $2.86.
According to the Dems and the media we have high gas prices because the President is a former Texas oilman, and the VP worked for Haliburton.... Oh. Wait a minute.
You left out the largest reason:
More demand from China and India.
This statement isn’t aimed at you, CincyRichieRich, but I find it amusing that the oil market is the one market many conservatives just don’t understand. It’s supply and demand, like any other market. The fact that it is perverted by other factors is no different from other markets.
To find a pure market, one must go to a third-world country and barter. I’ll live with the perversion and work around it. Integrated energy stocks and pipeline equity partnerships are my favorite ways to do this.
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