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Author Topic: Recovery Killer? Gas Prices Barrel Toward $4 a Gallon Back to Topics
V8_460

Champion Author
Seattle

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Message Posted: Feb 20, 2013 9:57:40 AM

The U.S. economic recovery, already winded by higher payroll taxes and potential budget cuts, has a new challenge - higher prices at the gas pump.

After a brief respite in the wake of superstorm Sandy - when the average price for a gallon of regular gasoline suffered its steepest fall since 2008 - retail gas prices are back on the rise. Regular gas has risen 13 percent since last month to a national average of nearly $3.75 per gallon, according to the Automobile Association of America.

Gas prices have climbed steadily for 32 consecutive days, the AAA noted, supported by refinery closures that undermine supply. At the same time, the price of oil hit its highest level in nearly a year. On February 8, Brent crude hit a nine-month peak of $119.17.

Geopolitical tensions in oil producing...
Visit CNBC via Yahoo News for full article
REPLIES (newest first) Post a Reply
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52MPG
Champion Author Dayton

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Points:2,069,705
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Message Posted: Feb 21, 2013 5:52:55 AM

Recession cheater.
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jetskijerry
Champion Author North Carolina

Posts:5,538
Points:1,100,045
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Message Posted: Feb 21, 2013 1:16:00 AM

they know we have to buy it
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jetskijerry
Champion Author North Carolina

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Message Posted: Feb 21, 2013 1:15:42 AM

crooks
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bby
Champion Author Twin Cities

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Message Posted: Feb 21, 2013 1:10:48 AM

Ok
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kgbellman
Champion Author Ann Arbor

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Message Posted: Feb 21, 2013 12:50:48 AM

This would definately kill a recovery
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Amplion
Champion Author Oregon

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Message Posted: Feb 21, 2013 12:49:30 AM

OBAMACARE & GAS PRICES TOGETHER ARE TRASHING OUR ECONOMY. UNEMPLOYMENT WILL BE THE WORST EVER LATER THIS YEAR. 1930 will look like good times by the end of 2013 !!!!!
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RTTT
Rookie Author Providence

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Points:856,630
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Message Posted: Feb 21, 2013 12:35:33 AM

Gas prices need to come down ... end of story...
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Sneakers55
Champion Author Houston

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Points:2,425,270
Joined:Nov 2005
Message Posted: Feb 21, 2013 12:33:53 AM

Every time gas prices rapidly surge upwards, the economy contracts soon afterwards. It does not matter whether there is a Democrat or a Republican in the White House. So all you Obama haters stop typing your spew.
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AnObserver
Champion Author New Jersey

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Message Posted: Feb 21, 2013 12:31:18 AM

There is no question thathigher gas proces impact the economy and cost of living
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WanderDan
All-Star Author Dayton

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Message Posted: Feb 21, 2013 12:29:36 AM

you should blame big oil not obama... bush gets blamed because he was the worst pres ever!!! for countless reasons

[Edited by: WanderDan at 2/21/2013 12:30:12 AM EST]
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10k
Champion Author North Carolina

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Message Posted: Feb 21, 2013 12:27:45 AM

why not blame nobama ??..he blamed bush for everything that he thought was wrong, and he took credit for everything he thought was right..

ERRRRRR...wait a sec-the last part of that sentence up there is a fallacy-nobama has yet to do anything right..
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tedjm1
Champion Author New York

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Message Posted: Feb 21, 2013 12:25:36 AM

Yes it does affect the way people react, and thus the financial asspect is changed all around.
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Zing20
All-Star Author Fresno

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Message Posted: Feb 21, 2013 12:25:24 AM

Congress never renewed the payroll tax cut, it's their fault along with speculators.
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Glock26
Champion Author Dayton

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Message Posted: Feb 21, 2013 12:23:16 AM

Thanks Obamie!!!
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Zonk
Champion Author Michigan

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Message Posted: Feb 21, 2013 12:23:11 AM

I don't look for prices to drop more than $0.25/gallon this year. The sky is the limit on increases.
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unclenorman
Champion Author Tampa

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Message Posted: Feb 21, 2013 12:19:54 AM

If in doubt,blame the President of the United States of America.
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rahcat
Champion Author Grand Rapids

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Message Posted: Feb 21, 2013 12:18:32 AM

The recovery died the day Obama took office.
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crreed1
Champion Author West Virginia

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Message Posted: Feb 21, 2013 12:18:04 AM

old news
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unclenorman
Champion Author Tampa

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Message Posted: Feb 21, 2013 12:18:03 AM

Arrest all speculators.Remove oil/gas from the commodity markets.
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danreino
Champion Author Twin Cities

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Message Posted: Feb 21, 2013 12:17:40 AM

$5.25 by 05.25
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mlmeng
Champion Author Michigan

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Message Posted: Feb 21, 2013 12:17:08 AM

My sentiments exactly DEG. Obama wants "green energy" which means gas prices need to be high regardless of the market.
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bugc
Champion Author Boston

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Message Posted: Feb 21, 2013 12:15:37 AM

Manipulation
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judgemobile
Champion Author Ohio

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Message Posted: Feb 21, 2013 12:15:31 AM

dang groundhog---WRONG AGAIN
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yakstar
Champion Author Montreal

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Message Posted: Feb 21, 2013 12:14:39 AM

if we could only control the weather!
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bby
Champion Author Twin Cities

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Message Posted: Feb 21, 2013 12:14:32 AM

Ok
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DEG
Champion Author Las Vegas

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Message Posted: Feb 21, 2013 12:14:06 AM

Obama policies coming to roost.
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obimerrill
Champion Author Cincinnati

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Message Posted: Feb 21, 2013 12:14:04 AM

Thanks Obama!
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9C1
Champion Author Chicago

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Message Posted: Feb 21, 2013 12:13:01 AM

OK
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jkpsr
Champion Author New Jersey

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Message Posted: Feb 21, 2013 12:12:51 AM

Big Oil is getting greedy.
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ican2step
Champion Author Pittsburgh

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Message Posted: Feb 21, 2013 12:11:34 AM

Okay
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ricebike
Champion Author New Jersey

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Message Posted: Feb 21, 2013 12:10:18 AM

price must come down!
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jdevlin
All-Star Author Ontario

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Message Posted: Feb 21, 2013 12:10:01 AM

speculators
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naspa
Champion Author Cleveland

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Message Posted: Feb 21, 2013 12:09:04 AM

The recovery has been killed a while ago. We are now patiently awaiting the total disaster.
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pa79th
Champion Author Pennsylvania

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Message Posted: Feb 21, 2013 12:08:10 AM

Greeeeeeeeed!
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boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 21, 2013 12:07:59 AM

The recovery makes the higher gas prices.
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endymion
Champion Author New York

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Message Posted: Feb 21, 2013 12:06:49 AM

Just wait until Obama raises taxes...that will kill any hope of recovery.
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jobo74
Champion Author Ontario

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Message Posted: Feb 21, 2013 12:05:52 AM

brutal
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camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Feb 21, 2013 12:05:23 AM

Awwwwwwwwwwww
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N5EXY
Champion Author Austin

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Message Posted: Feb 21, 2013 12:04:52 AM

What recovery? What a myth!
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sjhman
Veteran Author Atlanta

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Message Posted: Feb 21, 2013 12:03:18 AM

noooooooooooo
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Feb 21, 2013 12:03:01 AM

Triple witching hour....tax increase, sequester and higher energy prices....look out below!
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Rageagainsttm
Champion Author Tampa

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Message Posted: Feb 21, 2013 12:02:16 AM

I see that.
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jimpricehunter
All-Star Author Dallas

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Message Posted: Feb 21, 2013 12:01:37 AM

But this is correct (to a certain extent); unlike the previous article on this blog.
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CdnLynx
Champion Author Ontario

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Message Posted: Feb 21, 2013 12:00:06 AM

blaming the political parties is a trade off; the real prob, is the common denominator BiG OiL! Their lobbying and their paying for political favours. It will not matter whom is in power!
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mia3bxs
All-Star Author Miami

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Message Posted: Feb 20, 2013 11:58:41 PM

Making the big bucks, that's what Big Oil wants!
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troutbum7
All-Star Author Nevada

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Message Posted: Feb 20, 2013 11:58:04 PM

To a liberal this may be recovery. When they wake up Obummer will have nothing more to hand out. We are past the point of no return.
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badharley
Champion Author Tampa

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Message Posted: Feb 20, 2013 11:56:18 PM

It's going up fast here $3.87.
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sydb7
Champion Author Atlanta

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Message Posted: Feb 20, 2013 11:54:55 PM

$3.89 near me. The recovery is dead!
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PetroCrap
Sophomore Author Toronto

Posts:241
Points:176,595
Joined:Mar 2004
Message Posted: Feb 20, 2013 11:51:32 PM

Hey libertyut, I'm pretty sure there were high prices when the Republicans had that Bush guy sitting in the oval office, remember the summer of 2008. Big business controls the price you pay because they manipulate supply big business also controls your government and has for decades because money talks louder than the public.
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snagged
Veteran Author Akron

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Message Posted: Feb 20, 2013 11:50:52 PM

$4 soon. Then $5. Why! Ben in printing.
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