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Author Topic: Energy prices have been rising fast. But not enough to derail the economic recovery. Not yet anyway. Back to Topics
bar1035

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Charlotte

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Message Posted: Jan 30, 2013 8:37:03 AM

Over the last month, crude oil prices have risen over 4% and are approaching $100 a barrel. Analysts think they'll soon trade in the triple digits. Gasoline futures are up even more, rising 8% over the last 30 days. At the pump, drivers are now paying 14 cents more a gallon than they were in mid December.

The only outlier is natural gas, which is used to heat homes, among other things. Natural gas prices have fluctuated widely based on the weather, and have fallen about 4% this month as the cold snap gripping much of the country was expected to ease.

"Higher energy prices act as a tax increase," said Chris Lafakis, a senior economist at Moody's Analytics, noting that they're also coming on the heels of another tax increase -- the expiration of the payroll tax holiday -- at the start of
REPLIES (newest first) Post a Reply
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virostek
Veteran Author Virginia

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Message Posted: Jan 31, 2013 7:07:34 AM

OK.
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remay
Champion Author Houston

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Message Posted: Jan 31, 2013 6:51:14 AM

Ahhh, the journalists are at it again...
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ExplorerWA
Champion Author Washington

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Message Posted: Jan 30, 2013 11:05:46 PM

Look for lower take home pay with the payroll tax holiday expired.
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A_NY_Outlaw
Champion Author Albany

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Message Posted: Jan 30, 2013 8:59:34 PM

The Communist News Network at it again painting a pretty picture for their beloved King Obama. I'm surprised they aren't blaming Bush, Fox News,Rush Limbaugh and Sean Hannity. Oh wait... they already have!
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PDQBlues
Champion Author San Diego

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Message Posted: Jan 30, 2013 5:54:06 PM


Gas prices bumped up over the past day or two. This seems rather ominous.
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cdanielwyke
Champion Author Greensboro

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Message Posted: Jan 30, 2013 3:34:41 PM

I missed the part where the economy recovered. Anyone else catch that?
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crep1291
Champion Author Ottawa

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Message Posted: Jan 30, 2013 12:39:08 PM

"Hundreds of thousands -- if not millions -- of people in the industry see their paychecks go up when energy prices rise. "

The only people who's paycheque go up with rising energy costs are the CEOs, the shareholders and a few key employees the company needs to retain.
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Jeff4U
Champion Author Atlanta

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Message Posted: Jan 30, 2013 12:16:41 PM

I've got news for you, CNN. Are you blind, stupid, or both?

The economy has been derailed since 2008 and will stay derailed until 2016.
Thanks to 51% of blind people, we're stuck with a president who only wants more money to spend and cares nothing about the huge deficit.

Have you not noticed your lower paycheck yet? That's just one of many ways to take your money. Just wait till you start paying the tab for his Obamacare. You're all in for a big surprise! Everything will cost more, thanks to blind people.
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PathfinderSC
Champion Author South Carolina

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Message Posted: Jan 30, 2013 11:38:37 AM

Not yet, Just give it time.
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Cellsite
Champion Author Appleton

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Message Posted: Jan 30, 2013 11:09:31 AM

"drivers are now paying 14 cents more a gallon than they were in mid December."

Nope. Wrong. Try 21¢ more per gallon and climbing fast. This on top of the added 2% SS tax, and 1% federal income tax increases, not to mention reducing FSA maximums from $5000 to $2500, and increases in health insurance premiums and co-pays.

Thanks for nothing O'bummer and the stupid people who voted for him.
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WalkingWV
Champion Author West Virginia

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Message Posted: Jan 30, 2013 11:03:21 AM

$3.65 this morning, that means a 51¢ increase from $3.14 last Wednesday. DISGUSTING
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Van_Halen
Champion Author Atlanta

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Message Posted: Jan 30, 2013 10:59:52 AM

.
Idiots at CNN, the high energy prices are what is holding America in the recession that has yet to end and has been getting deeper the last three months! High Energy prices, ObamaCare, and Dumbocratic tax increases are going to cause a very deep recession shortly to make 2007/2008 look like a party!
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sagnat
Champion Author Riverside

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Message Posted: Jan 30, 2013 9:43:47 AM

Give it a couple more weeks, rising fuel prices will help turn down the economy.
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PTBpricer
Champion Author Virginia

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Message Posted: Jan 30, 2013 9:29:38 AM

But the increases are sure slowing the train.
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ErnieK9LO
Champion Author North Dakota

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Message Posted: Jan 30, 2013 9:18:46 AM

Lets take everyone to the cleaners.

Gasoline is up in Minot ND. The gas prices are almost the highest in ND. Distributors should be ashamed for price gouging the people of Minot, ND.
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mastermariner
Champion Author Texas

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Message Posted: Jan 30, 2013 9:14:35 AM

Give it time it will
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drpepperTX
Champion Author Texas

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Message Posted: Jan 30, 2013 9:11:56 AM

And so it continues.
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eschroth442
Champion Author Cleveland

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Message Posted: Jan 30, 2013 9:02:01 AM

but the prices keep going up. I now make my comute mileage a deciding factor when exploring a new company
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EnviroChemist
Champion Author Oklahoma

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Message Posted: Jan 30, 2013 8:56:22 AM

The recent price increases have not done my personal economic recovery any favors
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humblepie
Champion Author Toledo

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Message Posted: Jan 30, 2013 8:43:31 AM

what econmic recovery would that be ?
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dr047
Champion Author Cleveland

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Message Posted: Jan 30, 2013 8:41:48 AM


I guess it's not a problem if you can afford it.
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txequitygas
Champion Author Houston

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Message Posted: Jan 30, 2013 8:41:33 AM

Is there an energy plan anywhere in our future?
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badbonita
Champion Author Syracuse

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Message Posted: Jan 30, 2013 8:40:25 AM

Gotta agree with the previous poster - it's only a matter of time.

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angel4me
Champion Author San Jose

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Message Posted: Jan 30, 2013 8:40:00 AM

hope it doesn't..............
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GarRafFra
Sophomore Author Worcester

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Message Posted: Jan 30, 2013 8:38:27 AM

Just give it time.

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