Gas....$2.69 a gallon. Congress? Obama? Anybody?

[MichiganVote]

The oil companies are screwin' with us again.

[DJ13]

1. .......

[chill_wind]

2. You know it. K & R.

[HysteryDiagnosis]

3. They have to save up to pay the taxes that are about to be levied upon

them for offshore drilling.

[MichiganVote]

10. Somehow the concept of 'saving' and oil companies doesn't add up.

[oldnslo]

4. I guess a lot of people thought the last round of price increases

and eventual drop would be the end of the cycle forever. They traded in their old gashogs for newer, bigger ones, and now here it goes again.

[MichiganVote]

8. Huh? Where are people buying ANY cars, let alone big cars.

[Pirate Smile]

5. A few minutes ago - "Asked about what Obama would talk to Saudi Arabia’s King Abdullah about when

the two meet next week, Obama said, “I don't think it's in Saudi Arabia's interests to have a situation in which our economy is dependent — or disrupted constantly — by huge spike in energy prices.”

http://www.politico.com/politico44/wbarchive/whiteboard05282009.html

[notesdev]

6. The man responsible is named Bernanke

Printing money = inflation

It takes a while to set in in domestic prices, but for imports - like oil - the effect is immediate.

[MichiganVote]

11. Probably does contribute but I think it has more to do with the recent

regulations re: mpg for newer cars. They are like the Tobacco companies...they know their days, years are limited what with the new generation saying, no more!

[notesdev]

14. Prices have been rising for longer than that proposal has been out

If you look at gasoline prices vs. the USD, you'll see a very close correlation. There's no magic formula here, we import oil, we pay in dollars; when those dollars are worth less we need more of them to buy the same amount of oil.

[MichiganVote]

15. Well that's certainly true too. Lord, hard to know how truly sick this economy really is.

[lib2DaBone]

29. ..If they brought our jobs home from China and Mexico.....

.... Sorry... I know that's such a crazy socialist idea... that America should MAKE THINGS and control their own economy.

[SlowDownFast]

24. Winner, winner, chicken dinner!

?s=NYBOT_DX&t=l&w=15&a=2&v=w

[RedCloud]

7. Just tell them we are VERY angry with their terrorist price increases...

And don't forget to mention all the other prices that rose because of gas hikes should have fallen as well.

Since gas prices rise and fall collectively, is there a conspiracy afoot? I mean how can supply and demand be the same for EVERY oil company?

[MichiganVote]

13. Down Serf! Stop thinking!

[frylock]

9. would you rather have mccain/palin?!

$65 a barrel is a far sight better than $145 a barrel. i'd rather be paying $2.69 than $4.69. have i mentioned the mccain/palin thingy yet? it's hard work. he's busy. bush left a mess. blahblahblah...

[MichiganVote]

12. Yeah...like none of us can smell the bullshit in this country.

[FirstLight]

16. SheeeeiiiitttT! where do YOU live? $3.09 here and climbing

I live in a roadtrip destinantion town, and there are only a few places to gas up before driving off the mtn...

today:
2.89
2.99
3.09

:wtf:

[Hepburn]

21. Wow and I thought SoCal, South Bay area, was bad! n/t

[MichiganVote]

26. $2.75 today. Guess they thought we were having too much fun yesterday.

[TheWatcher]

17. Silence Citizen!

Don't you know there is a "Recovery" afoot?

You'll Take Your Crumbs And You'll Like It NOW MISTER!!!!!!!!!!!!

[digidigido]

18. I suspect this time it's speculators as much or more then the Oil companies

[MichiganVote]

25. That's what I read today. Today $2.75

[Wednesdays]

19. K&R

:kick:

[IrateCitizen]

20. Hubbert's peak anyone?

If you think that current prices are getting high, just see what happens if/when any kind of economic "recovery" takes place.

Given the complete lack of investment into new oil infrastructure or exploration due to low oil prices, things will be WORSE when the next spike hits.

We've hit the "bumpy plateau" part of peak oil. Speculation at this point causes larger and larger spikes and troughs.

Get used to it -- it's the new normalcy. Cheap gasoline is not your birthright as an American.

[Pacifist Patriot]

23. Why people think the price of a finite resource will stay low is beyond me.

[MichiganVote]

27. Define "low"....I think the issue is more one of affordability.

[ClearPresentDanger]

22. It's not their fault, they couldn't have predicted summer.

Every damn year the prices go up like they couldn't have predicted it.

[ProgressIn2008]

28. Why on earth would Congress or Obama care? nt

[MichiganVote]

30. Short answer- the stimulus money will only go into the pockets of the oil companies.