I speculate that the price of gas will increase in the next few months

[taterguy]

Does that make me a bad person?

:shrug:

[Joanne98]

1. No. I will hit 150$

[taterguy]

3. If it hits $150 a gallon I'm buying stock in Schwinn

[Motown_Johnny]

2. gosh. summer time approaching and gas might go up?

what are the odds?

[walldude]

12. Yeah right? I bet the sun is going to shine too...

:rofl:

[wolfgangmo]

20. Not summer. Election.

They want the economy to grind to a hault just before the election and then (thank you SCOTUS) they will buy millions or billions in ads to get their pet repub, teahadist, bought and paid for congress critters elected.

[Submariner]

4. The Texas oil crowd will jack up the prices

to help slow the economic recovery for their rethug pals running for congress.

[doc03]

5. I speculate when it goes over $3.50 a gallon Congress will call

all the oil CEOs to Washington for their usual dog and pony show. The Congress will yell at them and insult them and the CEOs will say we don't have enough refineries or we need to drill more, end of show. The oil men go back and count their money and Congress goes out and campaigns for re-election.:puke:

[Greyhound]

39. ...and then the price will pass $4. n/t

[yodoobo]

6. I don't think so. Obama will keep it down.

We went through this mess with the Bush regime making millions off us.

Seems rather insulting to suggest that Obama will do the same.

[taterguy]

7. If Presidents controlled the price of gas, why is it $2.77 where I live?

Hell, make it a buck a gallon.

He'd be the most popular President of all-time.

[yodoobo]

9. That's what the Bush defenders said too

Wasn't true then either.

Fact is the leader of the United States has a great deal of influence.

$1.00 is a bit a strawman, but who else do you know that has control over 700,000,000 barrels of oil which can be used to favorably (or unfavorably) influence the market?

Fact is, the US government owns more oil than anyone on the planet and that oil is under the direct control of the whitehouse.

[taterguy]

11. So Obama controls the price of gas. What should the price be?

[yodoobo]

13. Good question.

Haven't sat down and down an economic analysis and I don't have a team of people working for me to do such detail work.

But its not going to be pushing the extremes that hurt families like it did during the Bush years.


Btw, you overstate my message. He doesn't CONTROL the price of gas. He has a very strong INFLUENCE on the price of OIL.

[taterguy]

15. My family is hurt by $2.77 gas

Your lack of compassion for my suffering is appalling.

[yodoobo]

16. what would you like me to do for you?

wouldn't want you to be appalled.

[taterguy]

17. Just don't belittle my suffering

And you could dial that snarktastic attitude down a notch.

[yodoobo]

18. belittle you?

Actually I think your itching for an argument.

Still...
I know absolutely nothing about you. I have no facts about you to belittle.

We seem to disagree on the power of Presidency but that's ok.

I had no intention (and I believe no ability) to belittle you. But if I did. I apologize.

[taterguy]

19. You know that I'm suffering from high gas prices but that doesn't seem to concern you

[yodoobo]

22. I'm not sure why you are taking me to task for the price of gas

If only I had I the power to influence it.

[taterguy]

36. I'm taking you to task for this comment:

"But its not going to be pushing the extremes that hurt families like it did during the Bush years."

You clearly don't understand how much my family is hurting from $2.77 gas.

[yodoobo]

37. save it...you gave yourself away

Yes.

50 cents a month from the 2 gallons a month.

Go play your game elsewhere.


Post your address online and I'll mail you 2 quarters.

I'm done with you.

[taterguy]

38. 2 gallons a month for work

Recreation and going out to get food add up

[bobbolink]

21. How....very....compassionate. All heart, you are.

:puke:

[laughingliberal]

49. Yes. We should rename this place "Compassionate Underground"

It's heartwarming isn't it?

[bobbolink]

55. Then they wonder why they don't get all the votes they want, come November.

[WVRICK13]

27. Every Family Is Hurt

by the price of gas if they are working normal jobs in the US. How can you get to work if you can't afford to drive? Our public transportation is almost nonexistent, except in major metropolitan areas. Many people in this area drive over 50 miles each way to earn $8 an hour. I still believe the Bush administration allowed big oil to collapse our economy to fill their own pockets. I feel your pain unfortunately I don't ever see the price of gas dropping to a comfortable level for most Americans. The relative cost of working is likely to increase for most of us because of the high unemployment levels. Companies are already hiring people for lower wages because there are hundreds of qualified applicants for every job. I hope there is some intervention that will stop this downward spiral.

[taterguy]

28. My family uses about 2 gallons of gas every month just getting to and from work

At 2.77 that's the price of a pack of cigarettes!

[WVRICK13]

32. You Are Very Fortunate

those of us who live in remote areas are not so lucky.

[taterguy]

34. I speculated that the price of gas would go up and chose to live in a central location

Sorry

[laughingliberal]

48. We would have loved to do that, Unfortunately, housing in our central locations was

unaffordable. Add in that my husband's clients are spread over a wide area and not driving is not an option for us. We do live as centrally as we can but it's still at least 60 miles round trip to just about anywhere. But I'm happy for you that you have a situation where it doesn't affect you.

[laughingliberal]

47. Yes. And most of us here who live in remote areas were priced out of housing in areas close to work

The average in our state has hit $3.05 per gallon this week.

[rurallib]

8. I predict that Exxon will pay no US taxes this year either

on the greatest profits ever.

[graywarrior]

10. If I keep eating dried wasabi green peas, I'm gonna explode with gas

[XOKCowboy]

26. mmmmmmmmmmmmmmmm

I became addicted to them at the bar in a hotel in Hong Kong. Now that's a bar snack.

[backscatter712]

14. Election season price manipulation?

For the previous few elections, we've seen gas prices plunge dramatically just in time for the election in November, only to rise again soon after the election was over. Of course, the commonality was that there were Republicans in the White House at the time.

Now that there's a Democrat in the White House, does that mean we'll see gas prices climb stratospherically high just in time for the election? I wouldn't be surprised...

[laughingliberal]

45. No doubt that's a factor.

Choke off any signs of recovery by having people divert more of their money into the gas tank which has no stimulative effect on the overall economy at all. Blame the bad economy on Democrats and get the oil boys back in office. Now, that said, if the Democrats don't do something to curtail it they have no one but themselves to blame.

Nothing has been done to rein in the speculators who run the prices up this way every time we have 5 cents in our pockets again and I have heard not one of them mention the phrase, "windfall profit tax."

[RB TexLa]

23. How about if people pay the 1918 price for gas?

Adjusted for inflation, of course. $3.57

I think it's more than fair.



http://www.inflationdata.com/Inflation/images/charts/Oil/Gasoline_inflation_chart.htm

[taterguy]

24. Only if we go back to the average commuting distance for 1918

Don't feel like looking it up but I'm sure it's a lot less than what it is now

[Greyhound]

41. And we get the mass-transit infrastructure back...

[taterguy]

42. We can't afford mass-transit

It's much cheaper to be gouged by oil companies

[Greyhound]

43. Did you have a point? n/t

[laughingliberal]

46. I think the point was..."the oil company's deserve their profits."

That said, I think including the price of transportation in the CPI might be a good idea. Wages and COLA's are often based on the CPI and without including the cost of transportation and housing they can keep blowing smoke up our butts and telling us wages and SS reimbursements are keeping up with inflation.

[Greyhound]

51. The CPI parted ways with the last semblance of reality in 2003(?) when they completely abandoned

the baseline. This guarantees that inflation can never climb above 3% or 4% until there is a total collapse and it doesn't matter any longer.

[laughingliberal]

52. Yep. nt

[Ysabel]

25. BREAD the cost of BREAD...

is sky high and will continue to go up (study the history of the cost of bread and what that means)...

- fuck gas...

[HughMoran]

29. It goes up every summer

:shrug:

[KillCapitalism]

30. Yes, you're a very bad person.

Hopefully someone here on DU will kidnap you, tie you up, put a Palin 2008 t-shirt on you & force you to attend a teabagger rally & mingle with the mindless.

[seabeyond]

31. summer coming/gas price rises. psychic, i tell you. nt

[taterguy]

33. Are Psychics bad people?

[seabeyond]

35. i dont do the bad/good thing, lol. and i love psychics. hey, i was impressed

cant you tell?

[dana_b]

40. no, it makes you omniscient though

:P

[anigbrowl]

44. It always goes up in summer

Look at at the price history, there's a very strong annual cycle in addition to the long term trend. So it's not that big of a deal unless the rate of increase significantly exceeds the annual variation.

[TexasObserver]

50. It has to. (1) Spring demand, (2) business uptick demand, (3) vacation demand.

Should be a steady climb through summer. It will likely recede in September.

[laughingliberal]

53. I speculate that every time it looks as if the American public has 2 cents extra in their pockets

the oil companies will raise the price to take 4 cents from them and the health insurance companies will take 4 more thus guaranteeing they have made sure they stripped every shred of meat from our bones before they abandon the graveyard of the once great American working and middle classes.

I also speculate we can expect our lawmakers and elected leaders to do absolutely nothing about it.

[taterguy]

54. Spot on

Unfortunately