55mpg *and* the speed to see off most Ferraris and all current production Vettes, anyone?
This is such BS.
Adam Smith must be going nuts, wherever he is.
RBOB gasoline is within two cents of its peak. Whatever the posted price at your local retailer might be is probably not going down anytime soon.
Even though drivers in the US have cut consumption rather dramatically, we hear the same excuse from the oil pit every day: It’s a matter of supply and demand and China needs so much oil for its economy.
Okay...we are China’s main customers. It would be smart to totally boycott everything Chinese, thus helping to bring down their economy and their need for oil.
And still Congress ignores this fact. We are definitely not in charge of the country any longer.
I paid $4.05 today, down from the local high of $4.19 about three weeks ago.
With skyrocketing gas prices, it is clear that the American people can no longer afford the Republican Rubber Stamp Congress and its failure to stand up to Republican big oil and gas company cronies. Americans this week are paying $2.91 a gallon on average for regular gasoline – 33 cents higher than last month, and double the price than when President Bush first came to office.
“With record gas prices, record CEO pay packages, and record oil company profits, Speaker Hastert and the Majority Congress continue to give the American people empty rhetoric rather than join Democrats who are working to lower gas prices now.
“Democrats have a commonsense plan to help bring down skyrocketing gas prices by cracking down on price gouging, rolling back the billions of dollars in taxpayer subsidies, tax breaks and royalty relief given to big oil and gas companies, and increasing production of alternative fuels.”
- Nancy Pelosi, April 24, 2006
http://www.house.gov/pelosi/press/releases/April06/Rubberstamp.html
So it took Bush and a Republican controlled Congress six years to double gas prices and it took the a Democratic controlled Congress less than two years to double them again. Now that’s progress!
Yawn. Even $4.19 gas is a bargain. In europe it’s almost $9.
My family’s SUV takes almost $180 to fill up.
Thank you communists.
I swear a gas station operator near me watches the futures ticker; he raised a nickle this morning right after the unleaded gasoline futures hit a new cycle high (4.23 retail).
BOR is beating up on the CEO’s of big oil right now. What an idiot
It won’t go down until after the election. This is war on many fronts.
Any bets on what dollar level it will take to get the crazies all worked up and they start torching the stations?
Some questions: How much do the oil companies pay for the oil? Not what the futures are running up to. In these times and the way our people are hurting, the speculators should be cut off for 5 years. What’s wrong with telling the oil companies that they can’t import any more oil than they produce? Or they have to produce 30% more than they import.
It cost the Arabs about $2 a barrel to produce oil. Tell them if they don’t cut the price of oil, we will no longer supply them with our technology or weapons.
About a year ago Steve Forbes predicted oil at $45
Wonder what happened
55mpg *and* the speed to see off most Ferraris and all current production Vettes, anyone?
Forgot to mention: My insurance is $76.
Per year.
“Oil reached $140 a barrel for the first time ever Thursday following reports that Libya may cut production “
I have been told its the dollar that dictates the price not supply,demand and speculation.
Filled up my car yesterday on base at $4.36/gallon. Beats the $4.89 out in town. I ride my bicycle two miles each way to work so I probably won’t have to fill up again until sometime in mid August. Wonder how much gas will be then?
Well, Gazprom and others keep promising us that it will go up (read: be driven up, ch-ching) to as much as 250. A little market psychology and voila, everyone’s a winner. Except us.