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Title: ABC News: Gas prices highest for February since 1990
Source:
USA Today
URL Source: http://content.usatoday.com/communi ... february-since-at-least-1990/1
Published: Feb 23, 2011
Author: Chris Woodyard, USA TODAY
Post Date: 2011-02-23 12:56:23 by Happy Quanzaa
Keywords: Obamanomic Oil Drilling Morato
Views: 20322
Comments: 28
The U.S. average price of regular gasoline this week is $3.19 per gallon, the federal Energy Information Administration said in its weekly report (delayed from the usual Monday by the Presidents Day holiday). That's the highest average February price since the government started keeping track in 1990, ABC News says.
While we're having a tough time validating ABC's claim of a record, the rapid price rise has been remarkable: The price was up 54 cents from a year ago, the EIA reports, and up a nickel from last week's $3.14.
The price increases are being driven by instability in Africa and the Mideast and fear it could spread to the big oil-producing countries. The turmoil also accounted for the big drop in stock prices in the U.S. today.
The most expensive U.S. regions for average gas price this week are New England at $3.23 a gallon and California at $3.56.
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Capitalism means when times are bad - things people need to live go up. It's a satanic economic system.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#2. To: Godwinson (#1)
times are bad
Because Leftist hare brained policies made them that way. All this shit was unnecessary.
#3. To: Happy Quanzaa (#2) (Edited)
Because Leftist hare brained policies made them that way. All this shit was unnecessary.
What is unnecessary? Getting rid of Qaddafi? Ask the Libyans. Or ask God who decided to place all that oil in unstable regions.
In any case despite all that Libyan turmoil, not one ounce of crude oil has been stopped from flowing. What you have is 'capitalists' betting on the future that maybe things will go bad there. So the price of oil is actually not based on supply/demand but on gambling.
That is the economic system you people are defending as 'capitalism".
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#4. To: Godwinson (#3)
No you moron. If we drilled & refined our own it wouldn't matter what happened in the Middle East. The reason we're not is because of leftwing eco-moonbat policies. What little bit we were drilling your boy Barry Obama ordered stopped.
#5. To: Happy Quanzaa (#4)
No you moron. If we drilled & refined our own it wouldn't matter what happened in the Middle East.
Not really. Oil prices are set globally so instability in Libya would cause price to go up even in the USA if we drilled everywhere we could in the States - unless you had govt mandated price caps on gasoline.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#6. To: Godwinson (#5)
Not really. Oil prices are set globally so instability in Libya would cause price to go up even in the USA if we drilled everywhere we could in the States - unless you had govt mandated price caps on gasoline.
Why do you think conservatives don't tell their followers that last bit?
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
#7. To: Godwinson (#5)
Not really. Oil prices are set globally so instability in Libya would cause price to go up even in the USA if we drilled everywhere we could in the States - unless you had govt mandated price caps on gasoline.
Evidently the Tea Partiers haven't heard of the commodities markets.
"http://first-draft-blog.typepad.com/.a/6a00d8341c5ced53ef0148c7a28c4b970c-320wi"
#8. To: Godwinson (#5)
Oil prices are set globally so instability in Libya would cause price to go up even in the USA
The more the supply, the less the demand. And without an OPEC monopoly, the Ay-rabs would have behave themselves if they wanted the business.
#9. To: Happy Quanzaa (#8) (Edited)
The more the supply, the less the demand. And without an OPEC monopoly, the Ay-rabs would have behave themselves if they wanted the business.
They will just load it into tankers or tank farms and wait it out. Like happened in 1973. When the price got high enough VIOLA! Magically and virtually overnight all the stations had plenty of gas.
"http://first-draft-blog.typepad.com/.a/6a00d8341c5ced53ef0148c7a28c4b970c-320wi"
#10. To: Happy Quanzaa (#8)
Right now supply is high while demand is relatively low.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
#11. To: Happy Quanzaa, Rek (#8)
The more the supply, the less the demand
Since the price is under speculation for future events in the Middle East (supply has not fallen off one bit) the price of commodities is set through gambling as much as it is through supply and demand. If you are to defend a system at least know how it works.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#12. To: Rek (#9)
Or they could close down some more refineries and blame reduced supply on environmentalists.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
#13. To: lucysmom, rek (#12)
Or they could close down some more refineries and blame reduced supply on environmentalists.
Remember when Republicans harped over "no new refineries since XXXX"?
There's still a refining glut and energy companies are still looking to sell excess refining capacity. You can buy one now for 20% of the price it would have cost you in 2008.
see:
http://www.sfgate.com/cgi-bin/article.cgi?f=%2Fc%2Fa%2F2011%2F02%2F22%2FBUQR1HS78E.DTL
Since January 3, 2011, Republicans have controlled the power of the purse.
#14. To: go65 (#13)
Remember when Republicans harped over "no new refineries since XXXX"?
We are told that on a regular basis in California, to justify the higher prices we pay and yet DiFi had to intervene to persuade a Bakersfield refinery to sell rather than just shut it down.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
#15. To: lucysmom, Godwinson (#6)
Why do you think conservatives don't tell their followers that last bit?
Why is gas $8.00/gal in some places in Europe while here in the states it ranges from $2.80 up?
#16. To: Ibluafartsky (#15)
Why is gas $8.00/gal in some places in Europe while here in the states it ranges from $2.80 up?
Taxes. That's not the case in California.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
#17. To: lucysmom, Ibluafartsky (#16)
Why is gas $8.00/gal in some places in Europe while here in the states it ranges from $2.80 up?
Because Europeans don't like driving on streets with potholes.....
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#18. To: lucysmom (#16)
Taxes.
Ah, so taxes set the price of gas, not global crude oil.
#19. To: Godwinson (#17)
Europeans don't like driving on streets with potholes.....
Some are still driving on cobblestones, bricks and cowpaths.
#20. To: Ibluafartsky (#19) (Edited)
Some are still driving on cobblestones, bricks and cowpaths.
The old Roman roads still work.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#21. To: Godwinson (#20)
The old Roman roads still work.
So do horses, oxen and carts.
#22. To: Ibluafartsky (#21)
Yup, in Pennsylvania I see lots of them.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#23. To: Godwinson (#22)
Yup, in Pennsylvania I see lots of them.
You can live without electricity also. You'll have to give up the internet. So why don't you?
#24. To: Ibluafartsky (#23) (Edited)
You can live without electricity also. You'll have to give up the internet. So why don't you?
Americans lags behind on high speed internet access.
"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.
#25. To: Godwinson (#24)
Americans lags behind on high speed internet access.
So what? Some Americans DGAS about the internet, horse and buggies, cable TV or Walmart.
#26. To: Ibluafartsky (#18)
Ah, so taxes set the price of gas, not global crude oil.
Are you telling me that the price of a gallon of gas costs me more this month than it did last month because taxes have gone up?
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
#27. To: Godwinson (#17)
Why is gas $8.00/gal in some places in Europe while here in the states it ranges from $2.80 up?Because Europeans don't like driving on streets with potholes.....
Europeans can also buy cars that get 90 miles to a gallon of diesel.
You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the efforts of men who are better than you. Ludwig von Mises in a letter to Ayn Rand
#28. To: lucysmom (#26)
Are you telling me that the price of a gallon of gas costs me more this month than it did last month because taxes have gone up?
No libtard. Are you acting or are you really that dumb?
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