Posted on 08/15/2005 6:06:24 AM PDT by BulletBobCo
CNN) -- Gas prices surged 20 cents over the past three weeks to an all-time high of $2.50 per gallon of self-serve regular, according to a national survey.
The price surge "does smash the all-time record high for the third time this year," Trilby Lundberg, publisher of the Lundberg Survey, said Sunday.
"Crude oil has caused this jump at the pump," she said of the survey, taken August 12 at about 7,000 gas stations in every state.
"And even at the current record-breaking pump prices, gasoline demand, while not galloping, is still growing."
Oil prices rose to record highs of $67 a barrel Friday, amid concerns that demand was straining the world's capacity to pump and refine crude oil. (Full story)
Lundberg noted that if the crude oil supply remains undisrupted, "the gasoline price surge itself will probably be ending soon, if it has not already."
"Our demand for gasoline is always highest for June, July and August," she said of the summer months, when families typically take vacations. She said gasoline demand is expected to taper off after August.
(SNIP)
Though a record in absolute terms, the price is still well shy of a record, if adjusted for inflation. The peak price would have been set during the Iranian revolution in March 1981, when a gallon of gas cost about $3 in today's dollars, Lundberg said.
(Excerpt) Read more at cnn.com ...
So you value power more than truth? Just a question.
Yes I did.
Please make your suggestions for government activism in prices. Thank you.
Open up drilling in anwar, off the Cal. coast. More drilling in the Gulf of Mexico. The federal government has the poweer to call this an emergency and pass a law superceeding the states right to delay of stop this drilling.
How?
The truth isn't that it's happening, it's that you have been deluded into believing it.
I believe this as do many others I talk to. And you are deluded if you do not hink that this will cost the republicans in the next election. Why have they not renewed a call for more drilling?
If you priority is drilling, do you think the democrats will meet that need? Work at the primary level to promote republicans who support expanding the development of our Natural Resources.
Indirect taxes hit the corporations every step of the way. Even the extraction of the raw crude from the ground is taxed. They probably tax the exhaust from the vehicle's engine seven ways. Everybody pays, sometimes in multiples.
The republican aren't. And lets be blunt here Jpoe Sixpack does not care. Historically when the economy is bad and prices high the party in power loses elections.
It's not an emergency.
And your dream of the federal government unconstitutionally taking power from the states is a Democratic wet dream. Vote for Hillary, she agrees with you.
Of course, Republicans are now the same as Dems when it comes to anti free market big government, so I guess I understand after all.
I think thast a large number of Americans would disagree with you on this being an emergency. I do. This kind of rise if not stopped and turned back could cause a recesion. Many people in this country would care a great deal on that.
I agree many think that way, but it is a reactionary point of view not based in reality. What has been the change in the cost per mile of transportation over the past couple years? Include vehicle, depreciation, interest rates, maintenance, insurance as well as fuel. If you take a new Chevy Tahoe, drive it four years at 12,000 miles per year, changing gas price from $1.50 to $2.50 increases the cost per mile about 10%.
Who cares? That makes it an emergency?
I do.
Many people are sucked into every single bugaboo that comes along. Prices of commodities have risen and fallen for as long as man has existed. It's the natural order of things, not an emergency.
This kind of rise if not stopped and turned back could cause a recesion.
So you should be advocating the government get out of the energy business altogether. Instead you are arguing for government to set prices and grab power unconstitutionally.
Many people in this country would care a great deal on that.
And most of them are Democrats advocating government interference in the free market. No REAL conservatives are numbered among them.
>>>So what do you mean by help out if you are not asking for a hand out?>>>
So in your mind, help equals handout. Sad.
I mean help in dealing with the oil companies who are raking in record numbers in profits, but GAUGE (which is illegal already) the consumers. How about working with the refineries and stop this nonsense of pandering to the environmental wackos. How about working with the middle eastern countries who are taking advantage of us after us remaining loyal to them after all these years when we could have found different fuel sources.
That is not asking the government to give me money.
If this causes the recession I think it will then those who are laid off will they go "Oh shucks its the free market nothing I can do." Or will they look to support the party out of power who has a history of pandering to economic problems. You decide.
As for government interferring they do it all the time. And I do not call it interferring to have them open up new large domestic reserves for us. I call that smart energy police in light of the current situation.
And as for amny peoiple. I live in TX. Most of my family and friends are connected in some way to the oil patch and they are saying this too. Most voted for Bush as well. And do not get me wrong he is still a dang sight better the the fop from Mass. But I and quite a few I have talked to have not been impressed with him as of late.
Beside getting better MPG, we'd not need those darn cat converters which eventually clog up and ruin engines by gradually backing excessive heat up into the lower end of the engine, melting the Teflon coating on the lowest piston ring ( the oil scavenging ring).
The loss of power, etc. develops so slowly that most people just want a new car with pep & zing, like when their car didn't have a clogged cat. You'd almost think someone wanted it that way.
I'm cynical about this because I grew up next door to an automotive research center where alot of this type of intricate planned obsolescence was developed & perfected.
Knowing & seeing first hand how much time and effort was put into this aspect of automotive deception, I can only assume they left few other turns unstoned.
You value power over truth. AND since you embrace the Democrats ideology, I have no idea why you are afraid of them being elected.
As for government interferring they do it all the time.
People murder other people all the time too.
And I do not call it interferring to have them open up new large domestic reserves for us.
Neither do I. You want government out of the energy business? So do I, we have no issues in that case.
But I and quite a few I have talked to have not been impressed with him as of late.
Basically, he sucks. Which would only be worse if he advocated government price controls.
Now, you have advocated removing government impediments to energy production, so tell how you will accomplish that.
BTW, a hard look at ANWR and all the rest of our domestic reserves will show that any impact it may have on prices would be small and would never come as quickly as you indicate would be helpful to increase supply in sufficient quantity to address current prices.
So, now what?
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