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Post by jeffolie on Dec 27, 2010 17:43:08 GMT -6
Quickly rising gasoline price (over 50 cents this year and 6 cents last week) expenses directly and regressively impact middle and lower income earners: screwflation. The average price of U.S. gasoline rose above $3 a gallon over the past week, reaching its highest level since October 2008, the Energy Department said on Monday. news.yahoo.com/s/nm/20101227/us_nm/us_usa_gasoline_price
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Post by waltc on Jan 1, 2011 17:54:32 GMT -6
Americans have gotten too used to artificially low gas prices and need to understand that cheap gas is gone for good.
$4 and $5 a gallon will be the new norm in a world with declining oil production and with two new industrial giants sucking up every bit of free oil out there.
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Post by fredorbob on Jan 15, 2011 10:54:06 GMT -6
Americans have gotten too used to artificially low gas prices and need to understand that cheap gas is gone for good. $4 and $5 a gallon will be the new norm in a world with declining oil production and with two new industrial giants sucking up every bit of free oil out there. Gas is artificially high: OPEC, Eco Terrorists, Free Trade increasing demand all over the world.
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Post by agito on Jan 15, 2011 11:40:45 GMT -6
/facepalm
"speculators" - yes "free trade" - no
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Post by waltc on Jan 15, 2011 12:08:40 GMT -6
Gas prices aren't artificially high. The problem is Americans have been bullshitted by the GOP and corporate America into believing they have a Constitutional right to cheap gas, big SUV's and mega pickups and living in 4000 sqft homes.
That said, the amount of oil produced has been slowly declining while global consumption going up. Sure the West and U.S. have decreased oil consumption to a degree but it's been totally offset by increased demands from new industrial giants China and India.
Sure one can drill ANWR or the Gulf of Mexico but there isn't enough oil there to really satisfy our needs for any length of time. We use way too much for our good.
Free Trade? Oddly enough that's played a major role in our energy and pollution ills. Free trade has turned China into a energy guzzling, pollution generating monster with India not far behind. Both are rapidly destroying arable land, drinking water and using tremendous quantities of coal and oil. So much so China has surpassed the U.S. as a major energy consumer and polluter.
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Post by graybeard on Jan 15, 2011 23:01:27 GMT -6
Due to a detour yesterday, I wasn't able to make the 550 miles from Surf City to Reno. Had to buy some gas in Bridgeport, Calif, today... Reg was $4.30; prem$4.50. No not a typo.
GB
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Post by fredorbob on Jan 24, 2011 18:22:24 GMT -6
/facepalm "speculators" - yes "free trade" - no /*face palm When you introduce 1 billion new customers into a market with limited output of one singular commodity it increases prices. The "speculator" excuse is made up propaganda by Free Traitors. forgot india and other 3rd and 2nd wold countries, make that 2.5 billion new customers to flat supply.
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