August 28, 201313 yr It doesn't matter what's going on where, the price of gas is going to continue to shoot up 40-50 cents at a time, and take three months to drop back down to where it was before the jump. They should just stop feeding us "reasons" for the gas hikes, and just say "because we can."
August 28, 201313 yr Author We as voters deserve what we got. (That statement is for those who vote R OR D.)
August 28, 201313 yr We as voters deserve what we got. (That statement is for those who vote R OR D.) What do you mean?
August 28, 201313 yr We were at war for 6 years under President Bush and gas was about $1.80 when he left office. I AM NOT BLAMING GAS PRICES on President Obama. My point is there is always upheaval in the Middle East, gas/oil prices going up has more to do with Wall St than it does the Mid East.
August 28, 201313 yr Author What do you mean?In short they both take millions from the oil company and their is no way they are gong to do anything that actually affects oil not making the record profits they do every month.
August 28, 201313 yr We were at war for 6 years under President Bush and gas was about $1.80 when he left office. I AM NOT BLAMING GAS PRICES on President Obama. My point is there is always upheaval in the Middle East, gas/oil prices going up has more to do with Wall St than it does the Mid East. Keep in mind that gas went up pretty high under Bush as well. It did drop to $1.80 when he left but it still hovered between $2.50-4.00 for quite some time after 9/11.
August 28, 201313 yr Gas prices have very little to do with the President or Congress. It has to do with people wanting to complain and cry about gas prices but unwilling to do anything to change it. You don't like how high prices are? Stop driving. If everyone who cried about gas prices would stop driving and filling up regularly, companies would be forced to drop prices. It won't happen, so they won't.
August 28, 201313 yr We were at war for 6 years under President Bush and gas was about $1.80 when he left office. I AM NOT BLAMING GAS PRICES on President Obama. My point is there is always upheaval in the Middle East, gas/oil prices going up has more to do with Wall St than it does the Mid East. Oil and gas price behavior under President Bush was positively puzzling. During his presidency oil prices certainly went up. They then dropped precipitously as part of the 2008 crash but have rallied back as strong as ever. When President Bush took office in 2000, the average price per barrel was about $27. In 2008, his last full year in office and prior to the crash, it was trading most of that year at roughly $90 per barrel. President Obama took office as the recession was in full swing; for most of 2009 it traded at about $55. So far this year, it's at about $87. The markets were most friendly to President Clinton. While we were in the midst of the dot-com boom here at home, the Asian financial crisis bottomed out global demand. So Americans had purchasing power while the rest of the world fought through it but oil was at a mere $11-12 for most of 1998.
August 28, 201313 yr Keep in mind that gas went up pretty high under Bush as well. It did drop to $1.80 when he left but it still hovered between $2.50-4.00 for quite some time after 9/11. A drop in demand after a massive crash in markets will do that to prices...
August 28, 201313 yr A drop in demand after a massive crash in markets will do that to prices... No doubt. I just wanted to point out that while gas was at 1.80 when Bush left office it had fluctuated consistently during his time in office. The post I replied to reads like gas spiked to 1.80 when Bush left office and that wasn't the case.
August 28, 201313 yr I have a question, why are the end suppliers not the one's purchasing futures? Why do we allow commodity traders to prognasticate what a barrel price will be, and then sell whatever futures they buy to BP or whoever? Why isn't the middle man cut out? Maybe the still sell at the same price, but it is worth exploring.
August 28, 201313 yr Gas prices have very little to do with the President or Congress. It has to do with people wanting to complain and cry about gas prices but unwilling to do anything to change it. You don't like how high prices are? Stop driving. If everyone who cried about gas prices would stop driving and filling up regularly, companies would be forced to drop prices. It won't happen, so they won't. I agree with this, but let's be realistic. It is simply not feasible for most people to simply stop driving. Not everyone lives where public transportation is readily available or organized. If you do live in a city with it, then yes, that is a viable option. I'd bike to work if it were a matter of me biking here and being here the rest of the day until I go home. But if a client needs help on-site, I have to go. Some of these are an hour away by car. I'd imagine that many people have similar reasons why "don't drive" doesn't work. I do what I can, which is drive a fuel efficient car. Best I can do. Perhaps if I had a horse. And could get over my crippling fear of horses.
August 28, 201313 yr I agree with this, but let's be realistic. It is simply not feasible for most people to simply stop driving. Not everyone lives where public transportation is readily available or organized. If you do live in a city with it, then yes, that is a viable option. I'd bike to work if it were a matter of me biking here and being here the rest of the day until I go home. But if a client needs help on-site, I have to go. Some of these are an hour away by car. I'd imagine that many people have similar reasons why "don't drive" doesn't work. I do what I can, which is drive a fuel efficient car. Best I can do. Perhaps if I had a horse. And could get over my crippling fear of horses. I agree with you completely. It's not feasible for me to do it either. My whole point is, if you keep filling up and driving, don't complain about gas prices.
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