Gas prices rise 34 straight days – media idiots blame “speculators”. Refineries are closing, the Fed is diluting the currency (while conveniently excluding fuel prices from their inflation calculations) and like a stopped, brain-dead clock, the media predictably blames “speculators.” Maybe they mean “Bain Capital”?

{ 23 comments… read them below or add one }

sifi February 22, 2013 at 8:52 am

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If the lapdog media would do its job and act like the watchdog it should be, they would uncover the social engineering behind the demonizing and control of cheap and proven natural energy while praising and pushing expensive, limited, failing man-made green energy. But then, the lapdog media is a watchdog media when it comes to protecting the progressive liberal government.

sa_rose February 26, 2013 at 3:56 am

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I actually like the use of green energy. In Texas, wind and solar should be a no brainer. But I am not stupid enough to think we can eliminate all fossil fuel use in the next year with green energy. Ain’t happening! Gpd forbid the media ever get a clue.

flashingscotsman February 26, 2013 at 10:16 am

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My rocking horses were built in a garage powered by wind and solar. It didn’t save any money, it was just more reliable than the local power provider.

Sidekick February 22, 2013 at 9:23 am

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http://omrpublic.iea.org/

Inflated US dollar and artificially constricted supply are the reasons for high oil / gasoline prices. BHO is lying when he blames “skyrocketing” global demand.

danybhoy February 22, 2013 at 1:18 pm

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All true, but maybe we need to do the following…

Drill for oil wherever we have it.

Increase refining capacity by expanding existing facilities & by building new ones.

Get rid of rules that require special fuel blends that needlessly increase costs.

Get rid of all ethanol mandates. It’s sh!t gas, it damages engines, it’s way more expensive to make, & it is forcing up the prices of food. Anything in the dairy & meat departments rely on animals that are fed corn. Pigs, Cows, & Chickens all eat corn. When corn costs more, products made from those Pigs, Cows, & Chickens cost more. It’s really simple math.

…& that’s just gas & oil. By going all in on fracking, & building new nuke plants, we could really make our economy go. That would also require that we eliminate the Energy Department & the EPA, who do nothing to help America. We also have to get rid of Obama & the progressives who love the fact they stand in the way of America’s prosperity.

sa_rose February 26, 2013 at 4:01 am

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And the last thing those pigs, cows, and chickens SHOULD be eating is corn. Particularly cows, whose stomachs are designed for grass, hay, etc. Maybe if they stopped screwing with our food and quit subsidizing the production of corn, we would all be healthier (less corn in everything) and we wouldn’t need to invent a gasoline that requires corn.

poppajoe49 February 22, 2013 at 4:06 pm

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This morning on FOX News, they were saying Obama was telling us that the way to lower gas prices was to use less oil.

What a schmuck.

danybhoy February 22, 2013 at 4:54 pm

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Remember this?

http://www.youtube.com/watch?v=akjXqfvLu28

…when people try telling me he’s a genius & the smartest person to ever be president, I say BOLLIX!

sa_rose February 26, 2013 at 3:58 am

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Don’t forget taxes. A large percentage of the price of each gallon is tax, supposedly to maintain our infrastructure. You know, like the I35 bridge that collapsed because it was in such good condition? /sarc off

PsychoDad February 22, 2013 at 10:16 am

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Gosh, I thought just a couple of years ago, rising gas prices were a sign of a strong, recovering economy. Did I miss a Ministry of Truth directive?

Elrond Hubbard February 22, 2013 at 10:20 am

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Bush, Big Oil, the 1%…round up the usual suspects.

danybhoy February 22, 2013 at 1:07 pm

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Gas was $1.87 a gallon when Obama was emaculated…

http://money.cnn.com/2008/11/26/news/economy/gas_prices_sink/index.htm

…from CNN Money…

Gas prices fall below $1.87

Gasoline prices declined for the 70th consecutive day and are now 55% below the record high in mid-July.

feed://rss.cnn.com/rss/money_news_economy.rss
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close) By Julianne Pepitone, CNNMoney.com contributing writer
Last Updated: November 26, 2008: 12:50 PM ET

NEW YORK (CNNMoney.com) — Gasoline prices declined for the 70th straight day, falling below the $1.87 per gallon mark, according to a national survey of credit card swipes at gasoline stations.

The national average fell 1.7 cents, sinking to the lowest level since Jan. 27, 2005, according to motorist group AAA. Over the last 70 days gas prices have plummeted 52%.

Prices at the pump have dropped $1.223 per gallon from a year ago and are now down 55% from the record-high of $4.114 per gallon reached in mid-July.

A total of 38 states recorded prices below $2 a gallon, with the cheapest gas found in Missouri, where prices averaged $1.571 a gallon.

Alaska continued to have the highest price at $2.889 per gallon.

2008: A volatile year for gas
Prices at the pump have been on a rollercoaster in 2008. Soaring prices curtailed travel this summer, and Americans waited months for a reprieve. They cut back spending in order to fill their gas tanks.

When the price reached the record-high $4.114 a gallon set on July 17, gas prices had risen already 35% year-over-year.

Gas prices finally began to sink on Aug. 21, as the dollar strengthened and oil prices saw their biggest drop in 17 years.

Late August brought Hurricane Gustav threatening infrastructure in the Gulf of Mexico. The storm shut down nearly all crude oil production and 82% of natural gas production in the Gulf region. Soon after, Hurricane Ike loomed over Texas and gas prices shot up in September, reaching more than $5 per gallon in some parts of the country during the early part of the month.

On Sept. 16, gas prices started declined as crude prices began trending lower amid weakening demand.

Meanhwile, the global economic slowdown continued to churn. The government’s $700 billion Wall Street bailout plan punished the dollar, and on Sept. 21, oil prices posted their biggest one-day dollar gain.

Gas prices, meanhile, have continued to sink sharply, plunging 55% from the record-high in mid-July. Oil traders fear the global economic slowdown will continue to quash demand for fuel.

The AAA figures, compiled by Oil Price Information Services, are state-wide averages based on credit card swipes at up to 100,000 service stations across the nation.

First Published: November 26, 2008: 11:51 AM ET

CO2Insanity February 22, 2013 at 2:14 pm

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I blame Ron Paul for being a douche bag and not doing anything about this.

jcrowley1985 February 22, 2013 at 3:01 pm

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Not so silent February 22, 2013 at 3:38 pm

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Cause unlike you the rest of us saw thru Ron’s silly bullshit… you still haven’t figured it out.

poppajoe49 February 22, 2013 at 4:07 pm

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TURDS!

PsychoDad February 22, 2013 at 8:01 pm

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Dammit, now you’ve summoned it!

/Somebody start the exorcism, pls.

jcrowley1985 February 22, 2013 at 3:00 pm

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CO2Insanity February 22, 2013 at 3:05 pm

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I agree. I owned a FIAT one time. It was a real piece of crap.

Sidekick February 22, 2013 at 7:17 pm

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Fix It Again Tony

CO2Insanity February 22, 2013 at 7:27 pm

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I did! Again and again and again! FIAT also stand for Futile Italian Attempt @ Transportation.

flashingscotsman February 26, 2013 at 10:21 am

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One of my highschool buddies had an 850 Spyder. It wouldn’t go into reverse, so we had to open the door, stick our legs out, and push it backwards.

Being as small and light as it was, it was a lot of fun to slide it around right hand corners with me hanging out of the open passenger door, sidehack style. People didn’t understand why I was wearing a Bell Star until they saw the door pop open.

sa_rose February 26, 2013 at 4:12 am

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Gas here in San Antonio has gone up 45 cents in the last 30 days. And we have some of our own supply and refineries! Its starting to be spring break time. Wait til summer vacation tme and see what the prices are then. Ever seen them drop when a driving holiday is coming up?