So President Obama....What if Exxon Mobil, and......

[rsmith6621]

all the other petroleum company's decide to raise their prices to near last summer prices when reports today indicate the storage tanks are full and demand is low and travel by all means is expected to be down an average 15% over last summer....

....So President Obama if the above senerio happens what are your plans to foil it before it destroys any progressing stimulus programs that get shifted into high gear.....what do you plan to do about it??????


Anything.....regulation.....taxing the profits will only cause them to raise it higher unless regulated....


Let us know.. They are starting to edge towards $2.50 gal in Memphis.

[NYC_SKP]

1. Gas Tax Holiday?

Oh, no, that would have been certain other candidates...

No matter what he does or doesn't do, I'm sure he'll be roundly blasted by members of this board. :eyes:

[Skink]

2. Windfall profits tax.

The dems would support this this time and the oil companies know it.

[NYC_SKP]

5. That plus, and many will disagree, a hefty federal tax to fund public transportation...

...and other good things.

Suddenly the SUV owners will begin to rethink their excuses for owning them and carmakers will give up those dinosaurs and design real twenty first century transportation.

And we'll have much needed dollars to spend on high speed rail and light rail municipal projects.

[NNadir]

3. Let's be clear on something right up front. High gas prices are a

good thing.

$2.50/gallon is a ridiculously low price for an insidiously poisonous form of energy.

If gasoline were priced according to the damage it has done in the past, is doing in the present and what it will do the future, it would cost well over $10/gallon, probably more.

Making the real price of gasoline being reflected in its pump price would drive Exxon out of business rather quickly I think.

[Captain Hilts]

4. Prices are going up because people have proven they'll buy at the higher prices. nt

[rsmith6621]

6. Last Summer True......

.....but this summer many of those who just put the increase on the VISA/MASTERCARD last year don't have any credit line left or have had to cut them up or worse their accounts closed.....this summer we are worse off...and I think people have learned their lessons and are learning to live with less all around including how they use transportation.


I don't think they will take a petro spanking twice in a row.

[solstice]

7. As one living on a fixed income - I would like to know that as well.

[madmom]

8. It's already $2.65 a gallon here in good ol' NW Ohio. :(

[Politicalboi]

9. Ca too

The more hybrids they make the less demand for oil, so those who don't conform will pay more. We need alternative fuel.

[Honeycombe8]

10. Gas prices go up during the summer every year. Like death and taxes.

They'll go back down after the summer.