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lucas123Feb 6, 2012
It must be because there's less of it. OPEC and the other oil producers would never gouge us /s.
patronimFeb 7, 2012
Someone is price gouging.
stuffradioFeb 7, 2012
I'm already paying over $4/Gallon. (I'm not proud of it)
kingfootFeb 7, 2012
Awesome. Now I won't be able to afford to get to work.
spazattack5000Feb 7, 2012
f**k supply and demand. With oil, the supply is either there or it isn't. Other than in areas cut off by natural disasters I haven't heard of an oil shortage pretty much ever. Considering that oil is not a free market, prices should not fluctuate as much as they do within one month or even one weekend. I can almost assure that if everyone started riding scooters overnight and abandoned their SUVs forever, the price of gasoline would skyrocket to compensate for the crashing demand. The market is basically fixed so that the public is forced to pay as much they will be willing to pay.
dauntless1Feb 7, 2012
Yep. Yet another reason why the entire concept is broken.
falcon642Feb 7, 2012
So much for the economic recovery..........when the price of energy goes up, the rate of economic growth goes down. Its an iron-clad law.
The spike to $147/barrel oil is what caused the 2008 economic meltdown (people couldn't afford their mortgages because gas was too damn expensive),
razorsfuryFeb 7, 2012
And will we be surprised when reports show record profits for the oil companies....
irvman21Feb 7, 2012
I thought high gas prices were because of bush and his ties to the oil industry? Could msnbc have possibly been lying to me?
skellenerFeb 7, 2012
It's been $4 and more back and forth for years in Los Angeles. I'd say $4 is about the norm these days here. Usually goes higher in the summer.
oldmanbluntzFeb 7, 2012
$5.02 a gallon up here in nova scotia in canada. don't know what you yanks are complaining about. 3.785411784 Litres in a gallon @ $1.325/Litre.
angrycat70Feb 7, 2012
well of course its peaked since we're bound and determined NOT to drill anymore
atozisFeb 6, 2012
$3.25 here but let me tell you something. All of this gas raising and slashing is pure manipulation by OPEC, Wall Street, and the United States. Unfortunately the price won't stop at $4 a gal. When the entire scenario plays out by the NWO aka the New World Order, don't be surprised to see in excess of $10 by year's end. I hope not but I'm not optimisitic.
falcon642Feb 7, 2012
$10/gallon, not going to happen. $5-$6/gallon? Sure. $10/gallon gas would cause a complete economic meltdown which would lead to a crash in oil prices.
Remember 2008-2009? Oil peaked at $147/barrel and gas was $4.17 where I lived. The surge in gas prices triggered the housing crisis (people couldn't afford their mortgages AND expensive gas) and by January 2009 gas was selling for $1.38/gallon.
If prices spike too quickly, the resultant economic downturn quickly brings gas back down.
kingfootFeb 7, 2012
Way back when it spiked to almost 5$/g here, it hasn't gone below 3$ still. The lowest I've paid is 3.01$/g
dauntless1Feb 7, 2012
Yep. Same here. It never went back down, which is complete bulls**t, and all the proof anyone with a scrap of intelligence needs to see in order to understand that oil is in NO WAY tied to any "traditional" economics. It's a pure con game.
kingfootFeb 7, 2012
yeah forgot to mention; the actual price has never been below 3.25$/g and that was once, otherwise 3.55$/g is the lowest most days. the 3.01$/g I paid once was because of those safeway point rewards got me 0.20$/g off.
nitoriFeb 7, 2012
True if demand from China and India were the cause the high prices then they would have slowly risen vs jumping like a frog dropped on a hot frying pan.
Something very very rotten and corrupt is behind the price of oil and heads should be literally rolling over it.
nitoriFeb 7, 2012
$10 a gallon gas would be more destructive to the economy then Katrina,9-11, and the housing melt down combined into one horrendous beast.
spazattack5000Feb 7, 2012
What does Hulk Hogan have to do with this?
And $10 by year's end? Get the f**k out of here.
southsideirishFeb 7, 2012
Well doh!
Surprise, surprise. Gas prices go up after Congress ends the 45 per cent ethanol subsidy and when the summer blends come out.
Not surprising at all. It was expected.
belcreibFeb 8, 2012
Uma visita.
Hug
ninhFeb 7, 2012
That would be glorious. Right now we pay $7.56.
battmannFeb 7, 2012
I have an SUV and only put in 5-10 dollars in every other day, i'll be damned if the oil companies are going to get an arm and leg from me at every chance! Boycott the f**king world people, it's all about supply and demand, if you dont buy their supply, then the price will drop eventually. We should mass together on this kind of stuff to keep them from getting the upper hand on us like they like to do!
blacklilyninjaFeb 7, 2012
been paying that in canada for 4 or 5 years
frostwrathFeb 7, 2012
That's just dandy.
robipFeb 7, 2012
The fact that there will be a US election in the fall has nothing to do with it...just saying.
nitoriFeb 7, 2012
Our leaders are complete idiots $4 a gallon gas would kill any economic recovery.
If they had any f---ing common sense at all even that of a five year old they'd be doing everything they can to push the price of gas and diesel to below $2.50 a gallon.
I wish I was a billionaire as I'd found my own energy company and make gasoline from coal,cellulose and trash yes this is possible and it's proven technology.
I'd sell it at $2 a gallon regardless what the market is and bury these greedy f**king assh**es.
The funny thing is the first person to sell alternative fuel at $2 a gallon would end up richer then Bill Gates.
Gas from coal is profitable at $1.50 a gallon.
liscombcFeb 7, 2012
$3.75 in central NY...not far off.
bostic30Feb 7, 2012
Inevitable.
salbatrossFeb 7, 2012
I can't remember the last time I paid under $4 for gas.
falcon642Feb 7, 2012
Where do you live? I live in Washington State, which has the highest gas taxes in the whole freaking country, and gas has been under $4 for a solid year now.
salbatrossFeb 7, 2012
Washington, DC. And I just realized that I'm exaggerating...what I should have said is "gas over $4 is not unusual here."
kingfootFeb 7, 2012
Yeah but it hasn't been below 3$ either. I can barely afford it at this rate to get to work...
biofriendlyblogFeb 6, 2012
Ours is around $3.70 right now (at the low end).
isuzu14bFeb 7, 2012
Peak oil production occurred on or around 2008.
No matter how many new discoveries are made, no matter how much more drilling we do, no matter what, oil production is at the top of the curve. All of the easy, low hanging fruit has been picked.
Oil production will continue to decline. No matter what. There is NOTHING that can be done to prevent this. Drilling new wells will only slow the rate of decline.
A robust economy requires cheap oil. High demand for oil raises the price. Either way we are f**ked. Cheap oil and a slow economy clearly isnt working out so well for us. An economic recovery would drive prices much higher... which would kill the economy.
Learn more, research peak oil.
http://en.wikipedia.org/wiki/Peak_oil
http://www.theoildrum.com/Comment is buried, click here to see the rest.
Closed AccountFeb 7, 2012
more bammy failure....
crom99Feb 7, 2012
Oh yeah? How so?
Closed AccountFeb 7, 2012
banning drilling in the gulf, no new refineries..the accident in the gulf was the law of averages catching up. an execption, not the rule.
crom99Feb 7, 2012
You're making assumptions. Oil speculation / price manipulation are bigger factors here.
Closed AccountFeb 7, 2012
could it have been avoided? yes. although i agree we do need to dump the oil market manipulators.
also build new refineries and new hydroelectric dams.
crom99Feb 7, 2012
The "blame the president" thing is something that happens every time the price goes up. Like clockwork last year, for example:
http://www.factcheck.org/2011/03/is-obama-to-blame-for-4-gasoline/
I agree with building more refineries and other sources of power generation. Unfortunately, people are making a ton of money keeping the supply low and the demand high.
Closed AccountFeb 7, 2012
i would open all federal land to drilling w/ the provisions below
roadway installed cannot be permanent and must be taken care of by the drilling company.
facility is no bigger than 5 acres.
must be equipped w/ a tranqulizer gun.
must be left better than you found it.
any spills must be cleaned up and paid for by the oil company.
also by more oil from friendly countries and try to lock unfriendly countries out.
miklkitFeb 7, 2012
Only big oil will build more refineries and they will not because that would reduce their profit margins.
New dams won't be built until some sort of New Deal is put in place.
stuffradioFeb 7, 2012
@crom99 I agree. It still happens to past presidents ("blame Bush for gas price increases")
analogassassinFeb 7, 2012
Gas was $1.80 when Obama took office.
crom99Feb 7, 2012
You do realize that was because of the economic collapse, right? Before the collapse, gas was over $4/gallon.
http://i.imgur.com/HfnmU.gif
September 2008, the beginning of the economic collapse. As the chart shows, prices took a dive because the entire stock market took a dive and demand dropped dramatically.
http://www.treehugger.com/corporate-responsibility/2008-us-gas-price-year-in-review.html
As the market improved and demand went up, so did the price of gas.
So, with this new information, are you still going to stand by your implication that Obama is responsible for rising gas prices?
miklkitFeb 7, 2012
There is an election coming up. Prices will stay high until the summer, then will drop to benefit the republicon candidate.
http://www.makestockmarketprofits.com/gasolinepricehistory.htmlComment is buried, click here to see the rest.
falcon642Feb 7, 2012
You got that backwards buddy. If gas drops, that makes people happy and happy people usually vote for the incumbent.
analogassassinFeb 7, 2012
Gas was $1.80 when Obama took office.
falcon642Feb 7, 2012
And Obama didn't run against an incumbent. Furthermore, we were in the middle of the housing crisis.