The market knows American is reversing course on oil production from the Bush administration.
Just remember - when gas prices go up it’s tied to the price of oil.
When oil declines and gas prices go up well, it’s just because.
But the market is up 226, with oil stocks leading the way!
Chevron up 2%, Marathon Oil up 2.5%, Royal Dutch up 2.7%.
Oil markets are saying that Porkulus won’t save us.
O.K., can somewhere tell me why gas prices have crept up by over .40 over the past three weeks.....
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Greed. But also fear of an Obama tax increase on fuel. He will not open up drilling. He must pander to the enviro-fascists that pump untold huge sums of money into DemoRAT coffers. Nor will he be smart enough to go after LPG. He is incompetent and bent.
If the economy were to ever “right itself” (notice I said itself) because BHO will not seriously reduce taxation and incentivize business to build a true revitalized economy — he will continue to lie about his government spending (pork) as the real solution to our soft economy. The power of government is his emotional and ideological goal — no matter how wrong and damaging his actions are.
Remember, it is not about what is right and will work for America and Americans. It is what is necessary to GIVE GOVERNMENT MORE POWER AND MORE MONEY that is important.
Same thing here in Dallas. It went from $1.42 to 1.79. The futures are high at about 1.24 gal for gas. Before at 41.00 a brl they were at about .97/.98 cents/gal
Somebody is making some good bucks... right when American Citizens need every break they can get.
The way things are going, we aren’t going to be able to afford gasoline if oil goes to a dollar a barrel.
The government wants you to get use to the higher prices so when they raise the gas tax by $2.00 a gallon you won’t notice it.
yet gas prices have increased since early December... WTF?
O.K., can somewhere tell me why gas prices have crept up by over .40 over the past three weeks,
Good question. I thought part of the increase may have been due to the labor neogiations that was going on.
Ok guys, everyone who told me when I repeatedly told them every penny over $35 to $45 a bbl was nothing more than greed tax driven by speculators, where are you now?
You really want to know why the price has gone up at the pump, even though the crude is low? You know why, but you can’t actually call a spade a spade here if it dares call into question the idiotic belief that markets are perfect.
Unfettered capitalism breeds corruption. - Theodore Roosevelt.
Ok guys, everyone who told me when I repeatedly told them every penny over $35 to $45 a bbl was nothing more than greed tax driven by speculators, where are you now?
You really want to know why the price has gone up at the pump, even though the crude is low? You know why, but you can’t actually call a spade a spade here if it dares call into question the idiotic belief that markets are perfect.
Unfettered capitalism breeds corruption. - Theodore Roosevelt.
I paid a low of $1.56. Now it’s $2.18. I thought its just California.
If I’m not mistaken, it was announced yesterday that the government cancelled 77 oil leases in Utah. Maybe that had an effect on prices.
The One is so smart.