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

V8_460 Champion Author Seattle Posts:41,029 Points:3,546,920 Joined:Mar 2003	Message Posted: Feb 20, 2013 9:57:40 AM Ignore V8_460 Report Abuse 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

V8_460

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Seattle

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

Ignore V8_460 Report Abuse

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

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52MPG Champion Author Dayton Posts:7,278 Points:1,745,625 Joined:Apr 2006	Message Posted: Feb 21, 2013 5:52:55 AM Ignore 52MPG Report Abuse Recession cheater.
jetskijerry Champion Author North Carolina Posts:3,916 Points:776,270 Joined:Mar 2011	Message Posted: Feb 21, 2013 1:16:00 AM Ignore jetskijerry Report Abuse they know we have to buy it
jetskijerry Champion Author North Carolina Posts:3,916 Points:776,270 Joined:Mar 2011	Message Posted: Feb 21, 2013 1:15:42 AM Ignore jetskijerry Report Abuse crooks
bby Champion Author Twin Cities Posts:5,739 Points:1,024,845 Joined:Nov 2009	Message Posted: Feb 21, 2013 1:10:48 AM Ignore bby Report Abuse Ok
kgbellman Champion Author Ann Arbor Posts:2,733 Points:735,090 Joined:Mar 2011	Message Posted: Feb 21, 2013 12:50:48 AM Ignore kgbellman Report Abuse This would definately kill a recovery
Amplion Champion Author Oregon Posts:6,789 Points:1,869,060 Joined:Sep 2005	Message Posted: Feb 21, 2013 12:49:30 AM Ignore Amplion Report Abuse 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 !!!!!
RTTT Rookie Author Providence Posts:30 Points:669,950 Joined:Dec 2005	Message Posted: Feb 21, 2013 12:35:33 AM Ignore RTTT Report Abuse Gas prices need to come down ... end of story...
Sneakers55 Champion Author Houston Posts:51,377 Points:2,146,425 Joined:Nov 2005	Message Posted: Feb 21, 2013 12:33:53 AM Ignore Sneakers55 Report Abuse 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.
AnObserver Champion Author New Jersey Posts:8,374 Points:2,261,680 Joined:Sep 2005	Message Posted: Feb 21, 2013 12:31:18 AM Ignore AnObserver Report Abuse There is no question thathigher gas proces impact the economy and cost of living
WanderDan All-Star Author Dayton Posts:591 Points:145,960 Joined:Nov 2012	Message Posted: Feb 21, 2013 12:29:36 AM Ignore WanderDan Report Abuse 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]
10k Champion Author North Carolina Posts:21,286 Points:2,258,020 Joined:May 2006	Message Posted: Feb 21, 2013 12:27:45 AM Ignore 10k Report Abuse 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..
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Feb 21, 2013 12:25:36 AM Ignore tedjm1 Report Abuse Yes it does affect the way people react, and thus the financial asspect is changed all around.
Zing20 All-Star Author Fresno Posts:705 Points:175,045 Joined:Nov 2012	Message Posted: Feb 21, 2013 12:25:24 AM Ignore Zing20 Report Abuse Congress never renewed the payroll tax cut, it's their fault along with speculators.
Glock26 Champion Author Dayton Posts:1,544 Points:636,385 Joined:Mar 2011	Message Posted: Feb 21, 2013 12:23:16 AM Ignore Glock26 Report Abuse Thanks Obamie!!!
Zonk Champion Author Michigan Posts:6,501 Points:2,106,015 Joined:Oct 2005	Message Posted: Feb 21, 2013 12:23:11 AM Ignore Zonk Report Abuse I don't look for prices to drop more than $0.25/gallon this year. The sky is the limit on increases.
unclenorman Champion Author Tampa Posts:1,358 Points:142,200 Joined:Jan 2012	Message Posted: Feb 21, 2013 12:19:54 AM Ignore unclenorman Report Abuse If in doubt,blame the President of the United States of America.
rahcat Champion Author Grand Rapids Posts:2,488 Points:666,200 Joined:Jan 2010	Message Posted: Feb 21, 2013 12:18:32 AM Ignore rahcat Report Abuse The recovery died the day Obama took office.
crreed1 Champion Author West Virginia Posts:2,005 Points:2,530,335 Joined:May 2005	Message Posted: Feb 21, 2013 12:18:04 AM Ignore crreed1 Report Abuse old news
unclenorman Champion Author Tampa Posts:1,358 Points:142,200 Joined:Jan 2012	Message Posted: Feb 21, 2013 12:18:03 AM Ignore unclenorman Report Abuse Arrest all speculators.Remove oil/gas from the commodity markets.
danreino Champion Author Twin Cities Posts:8,368 Points:1,543,655 Joined:Mar 2008	Message Posted: Feb 21, 2013 12:17:40 AM Ignore danreino Report Abuse $5.25 by 05.25
mlmeng Champion Author Michigan Posts:1,650 Points:593,985 Joined:Mar 2011	Message Posted: Feb 21, 2013 12:17:08 AM Ignore mlmeng Report Abuse My sentiments exactly DEG. Obama wants "green energy" which means gas prices need to be high regardless of the market.
bugc Champion Author Boston Posts:15,072 Points:3,008,040 Joined:Mar 2004	Message Posted: Feb 21, 2013 12:15:37 AM Ignore bugc Report Abuse Manipulation
judgemobile Champion Author Ohio Posts:7,585 Points:2,448,060 Joined:Nov 2005	Message Posted: Feb 21, 2013 12:15:31 AM Ignore judgemobile Report Abuse dang groundhog---WRONG AGAIN
yakstar Champion Author Montreal Posts:2,440 Points:482,895 Joined:Jan 2012	Message Posted: Feb 21, 2013 12:14:39 AM Ignore yakstar Report Abuse if we could only control the weather!
bby Champion Author Twin Cities Posts:5,739 Points:1,024,845 Joined:Nov 2009	Message Posted: Feb 21, 2013 12:14:32 AM Ignore bby Report Abuse Ok
DEG Champion Author Las Vegas Posts:17,640 Points:3,498,605 Joined:Jul 2003	Message Posted: Feb 21, 2013 12:14:06 AM Ignore DEG Report Abuse Obama policies coming to roost.
obimerrill Champion Author Cincinnati Posts:1,460 Points:293,715 Joined:Jul 2012	Message Posted: Feb 21, 2013 12:14:04 AM Ignore obimerrill Report Abuse Thanks Obama!
9C1 Champion Author Chicago Posts:22,869 Points:4,249,285 Joined:Jul 2001	Message Posted: Feb 21, 2013 12:13:01 AM Ignore 9C1 Report Abuse OK
jkpsr Champion Author New Jersey Posts:4,099 Points:1,105,805 Joined:Jun 2005	Message Posted: Feb 21, 2013 12:12:51 AM Ignore jkpsr Report Abuse Big Oil is getting greedy.
ican2step Champion Author Pittsburgh Posts:1,701 Points:431,400 Joined:Feb 2012	Message Posted: Feb 21, 2013 12:11:34 AM Ignore ican2step Report Abuse Okay
ricebike Champion Author New Jersey Posts:10,048 Points:1,858,645 Joined:Oct 2005	Message Posted: Feb 21, 2013 12:10:18 AM Ignore ricebike Report Abuse price must come down!
jdevlin All-Star Author Ontario Posts:798 Points:1,381,470 Joined:Sep 2008	Message Posted: Feb 21, 2013 12:10:01 AM Ignore jdevlin Report Abuse speculators
naspa Champion Author Cleveland Posts:1,286 Points:355,075 Joined:Jan 2012	Message Posted: Feb 21, 2013 12:09:04 AM Ignore naspa Report Abuse The recovery has been killed a while ago. We are now patiently awaiting the total disaster.
pa79th Champion Author Pennsylvania Posts:1,802 Points:1,220,100 Joined:Jun 2007	Message Posted: Feb 21, 2013 12:08:10 AM Ignore pa79th Report Abuse Greeeeeeeeed!
boatfloyd Champion Author Jacksonville Posts:1,738 Points:391,975 Joined:Mar 2012	Message Posted: Feb 21, 2013 12:07:59 AM Ignore boatfloyd Report Abuse The recovery makes the higher gas prices.
endymion All-Star Author New York Posts:848 Points:175,605 Joined:Nov 2012	Message Posted: Feb 21, 2013 12:06:49 AM Ignore endymion Report Abuse Just wait until Obama raises taxes...that will kill any hope of recovery.
jobo74 All-Star Author Ontario Posts:941 Points:778,460 Joined:May 2010	Message Posted: Feb 21, 2013 12:05:52 AM Ignore jobo74 Report Abuse brutal
camaro_man Champion Author Kitchener-Waterloo Posts:2,247 Points:614,820 Joined:Jun 2010	Message Posted: Feb 21, 2013 12:05:23 AM Ignore camaro_man Report Abuse Awwwwwwwwwwww
N5EXY Champion Author Austin Posts:5,512 Points:1,513,480 Joined:Jul 2004	Message Posted: Feb 21, 2013 12:04:52 AM Ignore N5EXY Report Abuse What recovery? What a myth!
sjhman Veteran Author Atlanta Posts:410 Points:279,620 Joined:Sep 2008	Message Posted: Feb 21, 2013 12:03:18 AM Ignore sjhman Report Abuse noooooooooooo
ManOfLeisureII Champion Author Philadelphia Posts:1,889 Points:457,075 Joined:Jan 2012	Message Posted: Feb 21, 2013 12:03:01 AM Ignore ManOfLeisureII Report Abuse Triple witching hour....tax increase, sequester and higher energy prices....look out below!
Rageagainsttm Champion Author Tampa Posts:8,313 Points:1,905,105 Joined:Jul 2007	Message Posted: Feb 21, 2013 12:02:16 AM Ignore Rageagainsttm Report Abuse I see that.
jimpricehunter Sophomore Author Dallas Posts:245 Points:149,920 Joined:Aug 2012	Message Posted: Feb 21, 2013 12:01:37 AM Ignore jimpricehunter Report Abuse But this is correct (to a certain extent); unlike the previous article on this blog.
CdnLynx Champion Author Ontario Posts:1,025 Points:526,680 Joined:May 2008	Message Posted: Feb 21, 2013 12:00:06 AM Ignore CdnLynx Report Abuse 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!
mia3bxs Veteran Author Miami Posts:452 Points:312,990 Joined:Jul 2011	Message Posted: Feb 20, 2013 11:58:41 PM Ignore mia3bxs Report Abuse Making the big bucks, that's what Big Oil wants!
troutbum7 Veteran Author Nevada Posts:309 Points:159,850 Joined:Oct 2012	Message Posted: Feb 20, 2013 11:58:04 PM Ignore troutbum7 Report Abuse 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.
badharley Champion Author Tampa Posts:1,040 Points:743,235 Joined:Jul 2010	Message Posted: Feb 20, 2013 11:56:18 PM Ignore badharley Report Abuse It's going up fast here $3.87.
sydb7 Champion Author Atlanta Posts:3,568 Points:1,921,850 Joined:Mar 2003	Message Posted: Feb 20, 2013 11:54:55 PM Ignore sydb7 Report Abuse $3.89 near me. The recovery is dead!
PetroCrap Sophomore Author Toronto Posts:200 Points:109,400 Joined:Mar 2004	Message Posted: Feb 20, 2013 11:51:32 PM Ignore PetroCrap Report Abuse 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.
snagged Veteran Author Akron Posts:396 Points:112,780 Joined:Oct 2012	Message Posted: Feb 20, 2013 11:50:52 PM Ignore snagged Report Abuse $4 soon. Then $5. Why! Ben in printing.