Gas prices to spike 60 cents or more by May

  • Posted by a hidden member.
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    Feb 10, 2012 1:54 AM GMT
    Ugh.

    http://abcnews.go.com/Business/gas-prices-spike-60-cents/story?id=15519576&fb_ref=.TzNNuo0rXPg.like&fb_source=home_oneline#.TzRb7k7OVv6

    Get ready for another round of pain at the pump: $4 (or higher) gasoline.

    After rising 19 cents a gallon in the past four weeks, regular unleaded gasoline now averages $3.48 a gallon, vs. $3.12 a year ago and $2.67 in February 2010.

    Prices could spike another 60 cents or more by May. "I think it's going to be a chaotic spring, with huge price increases in some places," says Tom Kloza of the Oil Price Information Service. Kloza expects average prices to peak at $4.05, although he and other industry trackers say prices could be sharply higher in some markets.

    Rising prices are an annual spring ritual, largely because of seasonal demand.

    Refiners also switch from winter formulations to more expensive seasonal formulations to meet stringent environmental standards, which can tack on 15 cents a gallon, says Brian Milne of energy tracker Televent DTN.
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    Feb 10, 2012 2:21 AM GMT
    Good. People should drive less and end the ridiculously low prices we pay for gas through manipulation of the market. Don't you agree, Rid? Or do you think military intervention to keep gas prices low is a good long-term policy?
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    Feb 10, 2012 4:00 AM GMT
    southbeach1500 saidObama-Wink.jpg


    Gas prices seemed to be 3.99 in the summer of 2008. Wasn't Bush president then??? Oh wait the President really has nothing to do with gas prices. Go blame someone else.
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    Feb 10, 2012 4:02 AM GMT
    msuNtx said
    southbeach1500 saidObama-Wink.jpg


    Gas prices seemed to be 3.99 in the summer of 2008. Wasn't Bush president then??? Oh wait the President really has nothing to do with gas prices. Go blame someone else.
    The conserva-idiots ALWAYS have to 'blame' someone else..
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    Feb 10, 2012 4:19 AM GMT
    Well HELL fella's, why not join in on the Israeli Neo Con run up to war with IRAN and see if we can't get those gas prices up even higher, Another war for US'REAL will sure help keep the Oil Markets stable won't it !!! LOL

    What we need is more Israel Firsters writing more fear mongering articles about the need for and the imminance of war with Iran, while ignoring the facts that tell us there is no need for it, that will surely help prices go down too, don'cha think. HA !!

    Praise God and the Good Christian Fundi's who are marching to the same drums and signing up their sons for another god damn stupid war just like the failed one with Iraq, the similarities and the effects of them are truely amazing. Now lets hear from the apologists who will tell us that none of this has any bearing on the prices of gas going up.
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    Feb 10, 2012 4:31 AM GMT
    My car is diesel and gets 55mpg....Diesel has varied in this area for me from $3.25 to $3.65 per gallon......the changes are less erratic and more gradual....I did pay $4.10 per gallon in West Virginia over thanksgiving, but that was only about $10 to get me off the Turnpike....icon_rolleyes.gif
  • GQjock

    Posts: 11649

    Feb 10, 2012 5:02 AM GMT
    Like this is Barack Obama's Fault?
    You rightwing nutjobs slay me
    He's been trying to push for alternative fuel sources but what? ... the republican led legislature is at the same time trying to stop Obama from taking away subsidies FOR THE MOST PROFITABLE INDUSTRIES THE WORLD HAS EVER KNOWN


    Just thought you should know icon_rolleyes.gif
  • mrsmithers

    Posts: 213

    Feb 10, 2012 5:45 AM GMT
    Remember after Obama was elected gas was steady around $2.50.. When those dirty Republicans took the majority of the house shorty after January of last year, what did we see? It seems anything Republicans touch, the middle class are the ones who pay...
  • GQjock

    Posts: 11649

    Feb 10, 2012 5:52 AM GMT
    southbeach1500 said
    GQjock saidLike this is Barack Obama's Fault?
    You rightwing nutjobs slay me
    He's been trying to push for alternative fuel sources but what? ... the republican led legislature is at the same time trying to stop Obama from taking away subsidies FOR THE MOST PROFITABLE INDUSTRIES THE WORLD HAS EVER KNOWN


    Just thought you should know icon_rolleyes.gif


    Really? What's the profit margin of Exxon-Mobil? I would imagine it's less than 10% over the past few years.

    Yet the Obama drilling moratorium (and destruction of the Gulf state's economy) continues into its 2nd year.... icon_rolleyes.gif


    You're doing it again

    You're trying to spin the unspinable

    But unrivaled returns on equity. However, profit margins across industries vary greatly based not on how well each business is doing but how capital- or labor-intensive it is. Oil is among the most capital-intensive. But look at the oil industry's profits compared with shareholder equity it has available for investment. The U.S. Energy Information Administration's most recent analysis of the oil industry's performance, released just last month, showed oil industry return on equity of 27 percent—about 10 points higher than that of other manufacturers. And it has been higher throughout this recent era of high world oil prices, just as it was back during the oil shock that hit in 1980
    http://money.usnews.com/money/business-economy/articles/2008/02/01/exxons-profits-measuring-a-record-windfall

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    Feb 10, 2012 3:13 PM GMT
    lol, what a bullshit topic.



    http://online.wsj.com/article/SB10001424052970203554104577001523057007892.html



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    Feb 10, 2012 7:29 PM GMT
    meninlove said lol, what a bullshit topic.
    http://online.wsj.com/article/SB10001424052970203554104577001523057007892.html


    Yeah the only thing that's bullshit here is your responses. Your strengths seem to be responses that are based on emotion not facts. You may want to consider sticking to your strengths icon_wink.gif

    One small detail you may have missed -
    gastax.jpg

    I mean it takes a considerable lack of critical thinking to actually believe that oil company profits affect global prices on oil when most of it is controlled by countries like OPEC who grant licenses/rights to pump after they collect considerably more in royalties.

    Meanwhile, here's my beef -
    http://washingtonexaminer.com/opinion/op-eds/2012/02/canadas-harper-talks-oil-china-us-faces-4-gas/253826

    Yes, I think oil has been subsidized in the past by the US military and also direct tax breaks - but the US government takes that much back and so much more at the pump. So there is a lot that the US government can control here with respect to prices - and of course, it makes even less sense to restrict supply by not allowing expansion of refineries and choking off exploration and other sources of energy like the Keystone pipeline.
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    Feb 10, 2012 7:32 PM GMT
    Christian73 saidGood. People should drive less and end the ridiculously low prices we pay for gas through manipulation of the market. Don't you agree, Rid? Or do you think military intervention to keep gas prices low is a good long-term policy?


    Approving and building Keystone is even better.
  • Posted by a hidden member.
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    Feb 10, 2012 7:33 PM GMT
    GQjock saidLike this is Barack Obama's Fault?
    You rightwing nutjobs slay me
    He's been trying to push for alternative fuel sources but what? ... the republican led legislature is at the same time trying to stop Obama from taking away subsidies FOR THE MOST PROFITABLE INDUSTRIES THE WORLD HAS EVER KNOWN


    Just thought you should know icon_rolleyes.gif


    Approving Keystone would be a real good place to start.
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    Feb 10, 2012 8:04 PM GMT

    *totally amused at this topic and the gyrations of riddler*

  • Posted by a hidden member.
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    Feb 10, 2012 8:14 PM GMT
    meninlove said
    *totally amused at this topic and the gyrations of riddler*



    *even more amused by the limited understanding of economics displayed by a number of liberals but also conservatives* icon_lol.gif
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    Feb 10, 2012 8:16 PM GMT
    riddler78 said
    meninlove said
    *totally amused at this topic and the gyrations of riddler*



    *even more amused by the limited understanding of economics displayed by a number of liberals but also conservatives* icon_lol.gif


    You don't say? No way! That's about 75% of being a conservative.
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    Feb 10, 2012 8:18 PM GMT
    freedomisntfree said
    riddler78 said
    meninlove said
    *totally amused at this topic and the gyrations of riddler*



    *even more amused by the limited understanding of economics displayed by a number of liberals but also conservatives* icon_lol.gif


    You don't say? No way! That's about 75% of being a conservative.


    Well not so much here... but there are a number of populist conservatives who seem to believe in such things as substantial tariffs for imports, protectionism, etc.
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    Feb 10, 2012 8:45 PM GMT
    riddler78 said
    freedomisntfree said
    riddler78 said
    meninlove said
    *totally amused at this topic and the gyrations of riddler*



    *even more amused by the limited understanding of economics displayed by a number of liberals but also conservatives* icon_lol.gif


    You don't say? No way! That's about 75% of being a conservative.


    Well not so much here... but there are a number of populist conservatives who seem to believe in such things as substantial tariffs for imports, protectionism, etc.


    You scared me for a minute. To be a homo repub requires one to have a pretty good command of the facts.
  • nanidesukedo

    Posts: 1036

    Feb 10, 2012 9:10 PM GMT
    freedomisntfree said
    riddler78 said
    freedomisntfree said
    riddler78 said
    meninlove said
    *totally amused at this topic and the gyrations of riddler*



    *even more amused by the limited understanding of economics displayed by a number of liberals but also conservatives* icon_lol.gif


    You don't say? No way! That's about 75% of being a conservative.


    Well not so much here... but there are a number of populist conservatives who seem to believe in such things as substantial tariffs for imports, protectionism, etc.


    You scared me for a minute. To be a homo repub requires one to have a pretty good command of the facts.


    I do so love the positive generalizations that you bestow upon yourself while slinging negative ones at those who disagree with you.... You should keep the ego in check.

    To declare that you and your like minded thinkers hold a decisive advantage when it comes to logical thinking and factual thought processes in comparison to those who disagree with you proves your generalization false. Being a gay republican doesn't make you anything special except for an unwelcome member at CPAC if you walk in as a group or decide to mention your sexuality.
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    Feb 10, 2012 9:30 PM GMT
    riddler78 said

    I mean it takes a considerable lack of critical thinking to actually believe that oil company profits affect global prices on oil when most of it is controlled by countries like OPEC who grant licenses/rights to pump after they collect considerably more in royalties.

    Meanwhile, here's my beef -
    http://washingtonexaminer.com/opinion/op-eds/2012/02/canadas-harper-talks-oil-china-us-faces-4-gas/253826

    Yes, I think oil has been subsidized in the past by the US military and also direct tax breaks - but the US government takes that much back and so much more at the pump. So there is a lot that the US government can control here with respect to prices HMMM what was that mantra? Government is interfering with free markets? - and of course, it makes even less sense to restrict supply by not allowing expansion of refineries and choking off exploration and other sources of energy like the Keystone pipeline. (which is to export for Canada)
    The red and the orange dont jive.. The government doesnt "subsidize" saudi oil.. or does it?
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    Feb 10, 2012 9:55 PM GMT
    Another aspect of the increasing prices is the Speculative Market on Wall Street. Remember how they profitted from Speculation during the Iraq war and how the prices increased ? I well remember flying out to Seattle during one of the peak's in gas prices and reading an article about it by the president of Northwest Airlines, He stated that Walls Streets speculation artificially increased the price of Gasoline by from 40 to 60%.

    Of course no strong regulation was enacted to put an end to the speculators getting rich off such unfortunate things as war in the Middle East, because Republican Senators and Congressmen needed Wall Streets re-election donations.

    Expect the same damn thing to happen again over this current run up to War with Iran. But of course ignore this, because its 'uncomfortable' to discuss some politically incorrect facts behind some of the bullshit going on that costs you and me every day.
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    Feb 10, 2012 11:25 PM GMT
    nanidesukedo said
    freedomisntfree said
    riddler78 said
    freedomisntfree said
    riddler78 said
    meninlove said
    *totally amused at this topic and the gyrations of riddler*



    *even more amused by the limited understanding of economics displayed by a number of liberals but also conservatives* icon_lol.gif


    You don't say? No way! That's about 75% of being a conservative.


    Well not so much here... but there are a number of populist conservatives who seem to believe in such things as substantial tariffs for imports, protectionism, etc.


    You scared me for a minute. To be a homo repub requires one to have a pretty good command of the facts.


    I do so love the positive generalizations that you bestow upon yourself while slinging negative ones at those who disagree with you.... You should keep the ego in check.

    To declare that you and your like minded thinkers hold a decisive advantage when it comes to logical thinking and factual thought processes in comparison to those who disagree with you proves your generalization false. Being a gay republican doesn't make you anything special except for an unwelcome member at CPAC if you walk in as a group or decide to mention your sexuality.



    "I do so love the positive generalizations that you bestow upon yourself while slinging negative ones at those who disagree with you.... You should keep the ego in check."

    Simply SHOCKING to see something like that on RJ isn’t it?. Maybe you could invest your time more FRUITfully and show me an exception.

    Also happy to see that you've been to CPAC enough times to come up that generalization.
  • nanidesukedo

    Posts: 1036

    Feb 10, 2012 11:30 PM GMT
    freedomisntfree said
    nanidesukedo said
    freedomisntfree said
    riddler78 said
    freedomisntfree said
    riddler78 said
    meninlove said
    *totally amused at this topic and the gyrations of riddler*



    *even more amused by the limited understanding of economics displayed by a number of liberals but also conservatives* icon_lol.gif


    You don't say? No way! That's about 75% of being a conservative.


    Well not so much here... but there are a number of populist conservatives who seem to believe in such things as substantial tariffs for imports, protectionism, etc.


    You scared me for a minute. To be a homo repub requires one to have a pretty good command of the facts.


    I do so love the positive generalizations that you bestow upon yourself while slinging negative ones at those who disagree with you.... You should keep the ego in check.

    To declare that you and your like minded thinkers hold a decisive advantage when it comes to logical thinking and factual thought processes in comparison to those who disagree with you proves your generalization false. Being a gay republican doesn't make you anything special except for an unwelcome member at CPAC if you walk in as a group or decide to mention your sexuality.



    "I do so love the positive generalizations that you bestow upon yourself while slinging negative ones at those who disagree with you.... You should keep the ego in check."

    Simply SHOCKING to see something like that on RJ isn’t it?. Maybe you could invest your time more FRUITfully and show me an exception.

    Also happy to see that you've been to CPAC enough times to come up that generalization.


    Soo...How was the GOProud booth at CPAC this year? The truth of the matter is this: The GOP doesn't want to exclude you or get rid of you - they desperately need your votes. However, they are ashamed and embarrassed of you. They fear that an organized group of gays aligning themselves with the GOP party and being "accepted" as a viable organization within the conservative group and within the GOP would be off-putting to the radical fringe. So, in the end, to appease the radical fringe, they shove their gay supporters in the corner and quietly say "Don't speak. Don't be heard. Don't make your presence known. The sight of you is displeasing. Please still vote for us."

    I ask you for any other explanation for why GOProud was not allowed at CPAC as a group?


    Also, you are so far to the right and so stuck in your beliefs that you are absolutely incapable of seeing any arguments from your like-minded fellows on this board as anything but genius. Conversely, you can't recognize the logical thought process of anyone who doesn't agree with you. This is why political discourse on this board is impossible.

    Because you identify yourself as a "special" group as a gay republican, you have fallen into the thought fallacy of groupthink and discriminate ideas of others via "in-groups" and "out-groups."

    You are not alone on this board in doing so, not by far, but you are the most vocal in expressing your "in-group" vs "out-group" thought processes.
  • Posted by a hidden member.
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    Feb 10, 2012 11:40 PM GMT
    nanidesukedo said
    freedomisntfree said
    nanidesukedo said
    freedomisntfree said
    riddler78 said
    freedomisntfree said
    riddler78 said
    meninlove said
    *totally amused at this topic and the gyrations of riddler*



    *even more amused by the limited understanding of economics displayed by a number of liberals but also conservatives* icon_lol.gif


    You don't say? No way! That's about 75% of being a conservative.


    Well not so much here... but there are a number of populist conservatives who seem to believe in such things as substantial tariffs for imports, protectionism, etc.


    You scared me for a minute. To be a homo repub requires one to have a pretty good command of the facts.


    I do so love the positive generalizations that you bestow upon yourself while slinging negative ones at those who disagree with you.... You should keep the ego in check.

    To declare that you and your like minded thinkers hold a decisive advantage when it comes to logical thinking and factual thought processes in comparison to those who disagree with you proves your generalization false. Being a gay republican doesn't make you anything special except for an unwelcome member at CPAC if you walk in as a group or decide to mention your sexuality.



    "I do so love the positive generalizations that you bestow upon yourself while slinging negative ones at those who disagree with you.... You should keep the ego in check."

    Simply SHOCKING to see something like that on RJ isn’t it?. Maybe you could invest your time more FRUITfully and show me an exception.

    Also happy to see that you've been to CPAC enough times to come up that generalization.


    Soo...How was the GOProud booth at CPAC this year? The truth of the matter is this: The GOP doesn't want to exclude you or get rid of you - they desperately need your votes. However, they are ashamed and embarrassed of you. They fear that an organized group of gays aligning themselves with the GOP party and being "accepted" as a viable organization within the conservative group and within the GOP would be off-putting to the radical fringe. So, in the end, to appease the radical fringe, they shove their gay supporters in the corner and quietly say "Don't speak. Don't be heard. Don't make your presence known. The sight of you is displeasing. Please still vote for us."

    I ask you for any other explanation for why GOProud was not allowed at CPAC as a group?


    Figures!

  • nanidesukedo

    Posts: 1036

    Feb 10, 2012 11:45 PM GMT
    freedomisntfree said
    nanidesukedo said
    freedomisntfree said
    nanidesukedo said
    freedomisntfree said
    riddler78 said
    freedomisntfree said
    riddler78 said
    meninlove said
    *totally amused at this topic and the gyrations of riddler*



    *even more amused by the limited understanding of economics displayed by a number of liberals but also conservatives* icon_lol.gif


    You don't say? No way! That's about 75% of being a conservative.


    Well not so much here... but there are a number of populist conservatives who seem to believe in such things as substantial tariffs for imports, protectionism, etc.


    You scared me for a minute. To be a homo repub requires one to have a pretty good command of the facts.


    I do so love the positive generalizations that you bestow upon yourself while slinging negative ones at those who disagree with you.... You should keep the ego in check.

    To declare that you and your like minded thinkers hold a decisive advantage when it comes to logical thinking and factual thought processes in comparison to those who disagree with you proves your generalization false. Being a gay republican doesn't make you anything special except for an unwelcome member at CPAC if you walk in as a group or decide to mention your sexuality.



    "I do so love the positive generalizations that you bestow upon yourself while slinging negative ones at those who disagree with you.... You should keep the ego in check."

    Simply SHOCKING to see something like that on RJ isn’t it?. Maybe you could invest your time more FRUITfully and show me an exception.

    Also happy to see that you've been to CPAC enough times to come up that generalization.


    Soo...How was the GOProud booth at CPAC this year? The truth of the matter is this: The GOP doesn't want to exclude you or get rid of you - they desperately need your votes. However, they are ashamed and embarrassed of you. They fear that an organized group of gays aligning themselves with the GOP party and being "accepted" as a viable organization within the conservative group and within the GOP would be off-putting to the radical fringe. So, in the end, to appease the radical fringe, they shove their gay supporters in the corner and quietly say "Don't speak. Don't be heard. Don't make your presence known. The sight of you is displeasing. Please still vote for us."

    I ask you for any other explanation for why GOProud was not allowed at CPAC as a group?


    Figures!



    Please...what other reason is there for their not being allowed?