Posted on 04/13/2011 6:16:14 AM PDT by Red in Blue PA
WASHINGTON - Gas prices are going up. And up. And up. And now, the Energy Department predicts the cost of gasoline this summer will be 40 percent more than last year.
In the District of Columbia, the average price of regular unleaded jumped four cents a gallon between Monday and Tuesday.
"I think it's all kind of a farce," says driver Kathryn Abate. "Because the oil prices have gone up a little, but not really to the extent that gas prices have. So it's just like a 'predicting' thing which I think is kind of unfair to consumers."
The experts blame rising gas prices on unrest in the Middle East and a fear factor that goes with it.
(Excerpt) Read more at myfoxdc.com ...
Well, since the gas at my local Circle-K is already up roughly 35% (As of last Saturday), this is a pretty safe prediction....
Will anyone with a big media megaphone - whether Trump or whomever - please pound home the truth that Obama wants these astronmical prices and that his policies are even more to blame than “circumstances”???
(Note: I don't really expect a huge economic turnaround. I think we are in deep trouble, with no quick fix. But, if a Republican did achieve an economic miracle, the media would call it a Second Great Depression.)
paid $4.16 for diesel yesterday. That means my fuel surcharge increases. Gotta haul that $7.60 corn to market for you. Expect higher food prices!
Worst president ever... Carter looks harmless next to this clown.
astronmical = astronomical
(sorry, no coffee yet this morning)
$52 for 13 gallons this morning.
This will really make retail sales soar! It’s a great day for Obama. Time to raise taxes! Go big 0! (sarc)
http://www.freerepublic.com/focus/f-news/2704017/posts
I sincerely hope those “experts” are being selectively quoted because if they leave out the current government’s war on domestic oil production, they are certainly NOT experts.
I ask people "if $2.75 gas was Bush's fault,isn't $3.75 gas obama's fault?" No one answers.
In 2008,the lefties in Austin I know were screaming that Bush’s greedy oil company cronies are to blame for rising gas prices.
In 2011, these same lefties are eerily quiet.
I paid $3.98 per gallon (89 Octane) yesterday at a 7-11 here in the D.C. suburbs. I can definitely see how $5 per gallon is within reach.
Bush’s fault.
That's good to know. For a minute there, I was going to blame it on curtailing Gulf drilling, no ANWR drilling, no new pipelines, very few new oil drilling leases anywhere, new new refineries in 30+ years, while telling the Brazilians we would buy everything they could drill. Can I presume that if I were to make that accusation, that I'd be racist?
In 2008...what was the price of oil compared to the price of gas?
July 2008 crude oil was $137.11 and gas prices were about this high. http://dow-futures.net/historical-crude-oil-prices-history-2008/
So oil is now just a little over $100...and gas prices are this high?
Where’s all the screaming and yelling today about the speculators or are we just supposed to wave our hands and call it inflation? Where is all this profit taking and looting going?
So many people didn’t think foreign policy experience mattered
That's just it, isn't it. The quiet from the left this time and crude prices are nowhere near the $137@barrel they were in 2008.
What's going on here?
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