$5 Gas in 2012?

[TurboJake]

Just paid $4.47 here in wisco.

Damn down pipelines.

[Vedubin01]

paying 3.99 for 87 octane here on the beach.

[slaterd]

They're expecting under $3.00 this winter. Here in Phoenix I'm getting some at $3.05 during the middle of the summer so that looks about accurate.

[mrsleeve]

heeters post has it fairly close

We have a chunk of refinement capacity down right now.

[M-technik-3]

We are back to $4.04 for premium and 3.67 for 87 octane. Funny left on a trip and fuel was at 3.47 get back to a twenty cents hike Ouch.

Need to start trading in commidities, seems there are no real rules regarding it or better yet they are not enforced to any level of degree.

It's funny I don't see the countries I travel thru a lot have such crazy spikes.

[rwh11385]

Stick with the semantics kid, it's all you got.

Errrr, or is it properly communicating my meaning along with an understanding of economics?

http://247wallst.com/2012/07/31/july...es-up-5-1-aaa/

July Gasoline Prices up 5.1% — AAA
Posted: July 31, 2012 at 11:11 am

July gasoline prices rose the most in a dozen years according to the AAA Monthly Gas Price Report. The $0.17/gallon increase (5.1%) is the largest increase for the month of July at least since the AAA began keeping records in 2000. The AAA spokesman noted:

Higher global oil prices and increased demand for gasoline during the busy summer driving season were the primary factors that sent pump prices higher in July.


AAA expects gasoline prices to remain relatively flat or “experience a small increase” in August.

Watch, i bet when it gets close to election time the gas price will start to drop!

Maybe, but it wouldn't be the President's influence - rather general seasonal trends.

Gasoline prices are expected to fall after the Labor Day holiday as the summer driving season draws to a close.

[herbivor]

Watch, i bet when it gets close to election time the gas price will start to drop!

I wouldn't be surprised. It happened in 2004. I think it's the Saudi's way of deciding who they want to be president. Usually works too.

[Thizzelle]

Watch, i bet when it gets close to election time the gas price will start to drop!

[ClausE30]

Yea Bellingham prices suck! I always make sure to fill up south before I trek up there or of course fill up in Bellingham before crossing the border.

[joshh]

I never said any of that. The price of oil follows the world economy and macro events, not the US economy alone. I listed a large number of major events that happened in the last year that have caused oil prices to rise in spite of a weak economy.

Bush was was a huge part of the credit bubble and the Federal Government's deteriorating finances. All those wars cost a lot of money. The bubble burst, the government was already stretched, and the economy collapsed with the Fed's hands tied behind it's back.

Oil prices pretty much followed the world economy exactly, it just happened that Obama got elected right in the middle of it - it would have made little difference if Mcain had won in 2008. Same macro events would have happened. Obama can't increase the price of oil any more than bush could have at the end of the bubble cycle.

rif.org

Seriously.

LOL.jpg

But a President can crash an economy. Follow along kiddo.

[rwh11385]

A President has no effect on gas prices. But a President can help crash an economy (US in your words, largest in the world). Oil prices follow the world economy. You can't have them all.

Maybe what you're trying to say is if it's Bush, a President can effect the price of fuel in the US but if it's Obama he can't no matter what he does.

Obama can't increase the price of oil any more than bush could have at the end of the bubble cycle.

rif.org

Seriously.

[rwh11385]

I never said any of that. The price of oil follows the world economy and macro events, not the US economy alone. I listed a large number of major events that happened in the last year that have caused oil prices to rise in spite of a weak economy.

Bush was was a huge part of the credit bubble and the Federal Government's deteriorating finances. All those wars cost a lot of money. The bubble burst, the government was already stretched, and the economy collapsed with the Fed's hands tied behind it's back.

Oil prices pretty much followed the world economy exactly, it just happened that Obama got elected right in the middle of it - it would have made little difference if Mcain had won in 2008. Same macro events would have happened. Obama can't increase the price of oil any more than bush could have at the end of the bubble cycle.

Too main people these days don't understand that correlation does not equal causation...

[joshh]

I never said any of that. The price of oil follows the world economy and macro events, not the US economy alone. I listed a large number of major events that happened in the last year that have caused oil prices to rise in spite of a weak economy.

Bush was was a huge part of the credit bubble and the Federal Government's deteriorating finances. All those wars cost a lot of money. The bubble burst, the government was already stretched, and the economy collapsed with the Fed's hands tied behind it's back.

Oil prices pretty much followed the world economy exactly, it just happened that Obama got elected right in the middle of it - it would have made little difference if Mcain had won in 2008. Same macro events would have happened. Obama can't increase the price of oil any more than bush could have at the end of the bubble cycle.

A President has no effect on gas prices. But a President can help crash an economy (US in your words, largest in the world). Oil prices follow the world economy. You can't have them all.

Maybe what you're trying to say is if it's Bush, a President can effect the price of fuel in the US but if it's Obama he can't no matter what he does.

[nando]

I never said any of that. The price of oil follows the world economy and macro events, not the US economy alone. I listed a large number of major events that happened in the last year that have caused oil prices to rise in spite of a weak economy.

Bush was was a huge part of the credit bubble and the Federal Government's deteriorating finances. All those wars cost a lot of money. The bubble burst, the government was already stretched, and the economy collapsed with the Fed's hands tied behind it's back.

Oil prices pretty much followed the world economy exactly, it just happened that Obama got elected right in the middle of it - it would have made little difference if Mcain had won in 2008. Same macro events would have happened. Obama can't increase the price of oil any more than bush could have at the end of the bubble cycle.

[joshh]

you said it, not me.

since you have no real response to anything I wrote, I guess I'm done. ;)

It's impossible to respond when you're jumping all over the place. You claim the President can"t effect the price of fuel but yet you blame Bush for the crashed economy. But you say fuel prices do follow the US economy. But fuel prices are not currently following the US economy.
I don't need to respond beyond that because it should be obvious.