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 Post subject: Re: OBAMA GASOLINE PRICES $5.00 AND UP
PostPosted: Mon Mar 25, 2013 2:57 pm 
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chuckmo48 wrote:
Along with supply and demand, there are also these factors:
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Rising gas and oil prices over the long-term are caused by a decline in the value of the dollar.


That could be a factor, only it isn't now. The US dollar is on a strong upward trend and near the high end of the band based on the last 6 years. Japan is rapidly trying to devalue it's currency, while the Euro keeps getting hit by their financial crisis. 6 years ago, the Euro was pushing 155 to the dollar and it has now been sitting in a band of 127 to 131.

http://futures.tradingcharts.com/chart/US/M

Quote:
You can expect gas prices to rise every spring. It seems to get earlier and earlier each year. That's because oil futures traders know demand for gas rises in the summer.


Only it just turned spring and we had record high gas prices for the timetable during the fall. The biggest cause of rises in "early" spring are supply constraints based on special blends and refinery issues. Later into spring and summer it is the driving season, but as I showed you previously miles drive are at an all time low based on population adjustments.

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In the winter of 2012, Iran started war games near the Straits of Hormuz. Nearly 20% of the world's oil flows through this narrow checkpoint bordering Iran and Oman. If Iran threatens to close the Straits, it raises the fear of a dramatic decline in oil supply. Oil traders bid up the price to $118.90/barrel by February 8 in anticipation of such a crisis. Gas prices soon followed, rising to $3.85 by February 25.


And what geopolitical events are holding the prices up high now? There is always geopolitical risk abounding.

No I am not being delusional...This is global...

Hmmm did you say that in 2007? You are as delusional to the left as the rest are to the right.

The entire premise of this discussion was to debunk the fact that the rethugs continue to think that the "drill baby drill" mantra will take care of everything...and I have shown numerous times that is not the case.


So your tune now is that the US Government has no control of oil prices in any ways?

And the Democrat's have repeatedly named speculators as the cause of high oil, when Obama's policies via Bernanke at the fed have done nothing other than to encourage speculation and rising asset prices.

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 Post subject: Re: OBAMA GASOLINE PRICES $5.00 AND UP
PostPosted: Thu Apr 18, 2013 7:10 am 
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chuckmo48 wrote:
Lyingaboutnotlivinginlakecounty wrote:
As experts in history and public policy, maybe you and Sparks Hein can explain why oil price hikes under the Bush administration were clandestine efforts to enrich a bunch of insiders but now they are the result of simple supply and demand.

A little history lesson (and some Econ 101 principles)

Gas price under bush went to $4.21 a gallon and was over $3.00 a gallon most of his last term in office
The only reason gas was at $1.85 when President Obama took office is because of the economic crash which greatly reduced demand and the crash effected all countries not just the US.
Gas prices rise with demand and as the economy has improved it is completely normal for gas prices to increase as more businesses use more fuel.
We do not have a shortage and oil drilling has quadrupled in the last 4 years and the US is now a net exporter of oil.

So our rising gas price is actually an indicator that the economy is recovering.


Image

So by your premise above, what would this chart mean for our economy? (hearing the flipping pages of TPM looking for the proper propaganda)

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 Post subject: Re: OBAMA GASOLINE PRICES $5.00 AND UP
PostPosted: Tue Sep 17, 2013 10:26 am 
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Gas prices set record: 1,000 days above $3 a gallon

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By now every driver knows the drill: The price of gasoline ratchets up, there's an outcry among motorists who feel gouged at the pump and then things settle down as the higher price becomes the new normal.

Well, AAA has come up with a sobering statistic: the average price of gasoline will surpass $3 per gallon Tuesday for the 1,000th consecutive day. That's never happened before, the motoring organization says.

In case you're wondering, the current streak began on Dec. 23, 2010. Today, the national average for a gallon of regular is $3.52, according to AAA's daily price tracking service. That's a nickel a gallon less than the average so far this year. And unless there's another recession, AAA forecasts that a price floor of $3 a gallon is basically here to stay.

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 Post subject: Re: OBAMA GASOLINE PRICES $5.00 AND UP
PostPosted: Mon May 26, 2014 1:20 pm 
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Remember When Gasoline Was $1.89 A gallon?
Image
Back when we had two oilmen in the White House.

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Lots of folks consider this weekend the beginning of summer and as our kids and grandkids get out of school, it’s road trip time. However, as I pay attention to the gasoline prices, it may be more difficult for some Americans to enjoy the American tradition of summer vacation.

Most of you have probably forgotten, but in January 2009 the average price of gasoline in America was $1.89. Now ask yourself, what is it today? (around $3.67, but four bucks if you live in California) What is amazing to me is how the liberal progressive media went apoplectic on former President George W. Bush when gasoline prices hit $2.50 — miss that yet? And so ask yourself, where is the liberal media angst now? The silence is deafening and the hypocrisy is not just laughable, it’s horrific.

Of course if you stand against the progressive socialist “global warming/climate change” agenda, then the typical Alinsky personal character assault tactic reveals itself — you are now a member of the “flat earth society.”

Dude, I just want gasoline prices back down to where they were before the tyrant took office. And nope, I’m not willing to be forced into buying some dinky little wimp car just to make liberals feel “Happy.”

You hear we’re at record production levels of oil and natural gas, but that phenomenon has occurred on private and state lands — and trust me, the federal government is doing everything they can to shut it down.

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 Post subject: Re: OBAMA GASOLINE PRICES $5.00 AND UP
PostPosted: Thu Jul 03, 2014 9:13 am 
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Gas Prices Extend Painful Record: July 4 Marks 1,290 Days above $3-a-Gallon
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How's that Hope and Change been working out for you?

Quote:
This Independence Day weekend, drivers won't see any relief from high gas prices. Although prices retreated by a fraction of a cent at the beginning of the week, AAA predicts holiday travelers will pay the most at the pump since 2008.

In its monthly gas price report released June 30, AAA said, "With Independence Day only a few days away, today's national average price of gas is $3.68 per gallon. This average is considerably more expensive than recent years for the holiday. The national average on July 4 in previous years was: $3.48 (2013); $3.34 (2012); $3.57 (2011); $2.74 (2010); $2.62 (2009); and $4.10 (2008)." The motorist organization expected prices to remain high throughout the month of July, ranging from $3.60-$3.70 per gallon.

"Prices could climb higher if there are new developments in Iraq or a major hurricane," AAA warns.

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 Post subject: Re: OBAMA GASOLINE PRICES $5.00 AND UP
PostPosted: Fri Jan 16, 2015 6:15 pm 
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-={ARCLIGHT}=- wrote:


Barrell of oil today: $46.25...(without the smiling face of our president!)

http://www.oil-price.net/

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 Post subject: Re: OBAMA GASOLINE PRICES $5.00 AND UP
PostPosted: Wed Jan 25, 2017 10:14 pm 
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Oil edges down as traders weigh U.S. stock build, OPEC cuts
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OPEC is cutting production, this is going to result in an increase of gasoline prices in the near future. I am posting this article here so when the liberals try and blame President Trump, I can show them that OPEC is responsible for the rise in price.

Oil prices ended less than 1 percent lower on Wednesday after data showed a build in U.S. crude inventories, reinforcing the view that oil prices are range bound, buoyed by expected OPEC production cuts while pressured by U.S. output growth.

U.S. crude futures for March delivery CLc1 settled at $52.75 a barrel, down 43 cents, after earlier dropping to as low as $52.56 per barrel.

Benchmark Brent crude LCOc1 settled down 36 cents a barrel at $55.08.

"Crude oil is in the middle of a trading range that began to unfold in early December," said Walter Zimmerman, chief technical analyst at ICAP. "You have a market with a serious case of indigestion, it swallowed too much speculative length."

Market expectations of output cuts by the Organization of the Petroleum Exporting Countries have provided a floor for prices, while extreme speculative length and looming U.S. production growth provide a ceiling, he said.

The U.S. government's Energy Information Administration (EIA) reported that crude, gasoline and diesel stockpiles rose, confirming a report from the American Petroleum Institute trade group late on Tuesday. [API/S] [EIA/S]

The EIA data, however, showed a substantial build in gasoline stockpiles of 6.8 million barrels, exceeding analyst expectations and figures in the API report.

U.S. gasoline crack spreads, or refining margins RBc1-CLc1, hit a session low of $12.20 a barrel after the data was released, the lowest since Dec. 14.

Oil prices have found support in recent weeks from plans by OPEC and other producers to cut output. Around 1.5 million barrels per day (bpd) has already been cut from the market out of the 1.8 million bpd agreed by major producers starting on Jan. 1, energy ministers said on Sunday.

Bernstein Energy said global oil inventories declined by 24 million barrels to 5.7 billion barrels in the fourth quarter of 2016 from the previous quarter. The amount remaining equates to about 60 days of world oil consumption.
Also In Commodities

Meanwhile, U.S. oil production has risen more than 6 percent since mid-2016, yet it remains 7 percent below its 2015 peak. Output is back to levels reached in late 2014, when strong U.S. production contributed to a crash in crude prices.

President Donald Trump's promise to support the U.S. oil industry has encouraged analysts to revise up their forecasts of growth in domestic oil production, which is already benefiting from higher prices.

A push by Republicans in the U.S. House of Representatives for a shift to a border-adjusted corporate tax could help propel U.S. crude prices higher than global benchmark Brent, triggering large-scale domestic production, Goldman Sachs said.

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 Post subject: Re: OBAMA GASOLINE PRICES $5.00 AND UP
PostPosted: Fri Mar 10, 2017 3:37 pm 
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-={ARCLIGHT}=- wrote:
[ posting this article here so when the liberals try and blame President Trump,


Speaking of playing the blame game...45 has made an art of it...

Trump reportedly says he'll blame Democrats if GOP health-care plan fails
Quote:
President Donald Trump reportedly knows where he will pin the blame if the Republican health-care plan goes awry.

Trump told conservative groups Wednesday that, should the GOP health-care reform bill fail, he will let the Affordable Care Act (ACA) sputter and blame Democrats, CNN reported, citing sources at the gathering.

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I will lock her up! (DIDN'T HAPPEN)
I will repeal Obamacare (DIDN'T HAPPEN)
I will make Mexico to pay for the wall. (NO...WE ARE)
I will surround myself with the best people! (MOST ARE UNDER INVESTIGATION)


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 Post subject: Re: OBAMA GASOLINE PRICES $5.00 AND UP
PostPosted: Fri Mar 10, 2017 5:42 pm 
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chuckmo48 wrote:
-={ARCLIGHT}=- wrote:
[ posting this article here so when the liberals try and blame President Trump,


Speaking of playing the blame game...45 has made an art of it...

Trump reportedly says he'll blame Democrats if GOP health-care plan fails
Quote:
President Donald Trump reportedly knows where he will pin the blame if the Republican health-care plan goes awry.

Trump told conservative groups Wednesday that, should the GOP health-care reform bill fail, he will let the Affordable Care Act (ACA) sputter and blame Democrats, CNN reported, citing sources at the gathering.


So you are placing blame on the President before anything even happens...

_________________
“At the core of liberalism is the spoiled child — miserable, as all spoiled children are, unsatisfied, demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats.”
P.J. O'Rourke


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 Post subject: Re: OBAMA GASOLINE PRICES $5.00 AND UP
PostPosted: Sat Mar 11, 2017 7:58 am 
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-={ARCLIGHT}=- wrote:
chuckmo48 wrote:
-={ARCLIGHT}=- wrote:
[ posting this article here so when the liberals try and blame President Trump,


Speaking of playing the blame game...45 has made an art of it...

Trump reportedly says he'll blame Democrats if GOP health-care plan fails
Quote:
President Donald Trump reportedly knows where he will pin the blame if the Republican health-care plan goes awry.

Trump told conservative groups Wednesday that, should the GOP health-care reform bill fail, he will let the Affordable Care Act (ACA) sputter and blame Democrats, CNN reported, citing sources at the gathering.


So you are placing blame on the President before anything even happens...


WTF?

_________________

I will lock her up! (DIDN'T HAPPEN)
I will repeal Obamacare (DIDN'T HAPPEN)
I will make Mexico to pay for the wall. (NO...WE ARE)
I will surround myself with the best people! (MOST ARE UNDER INVESTIGATION)


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