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Old 09-14-2012, 08:11 PM
 
Location: Cape Coral
5,495 posts, read 6,119,277 times
Reputation: 2216

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The Fed's QE 1, 2, and now 3 is devaluing the dollar which just raises all commodity prices, especially oil and gasoline. Romney will not re-appoint the Bernank but Obama will.
Obama's anti-fossil fuel policies are also raising gasoline prices. His EPA has made drilling more difficult and costly. He has delayed or stopped permitting. He stopped the Keystone Pipeline.
GasBuddy Blog - Up To Date Gas Price News and Information
Gas prices have more than doubled since Obama has been president. They are headed much higher too. Bush's fault?
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Old 09-14-2012, 08:19 PM
 
Location: Columbia, SC
18,273 posts, read 10,179,374 times
Reputation: 7093
Blame the speculators and the saber-rattling in and towards Iran for your high gas prices, not Bush or Obama.

If Romney wins and starts a new Mideast war, you could be looking at doubling today's price or better.

I'll vote Obaama, thanks. We need a cool head at the tiller.
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Old 09-14-2012, 08:23 PM
 
Location: Cape Coral
5,495 posts, read 6,119,277 times
Reputation: 2216
Quote:
Originally Posted by cuebald View Post
Blame the speculators and the saber-rattling in and towards Iran for your high gas prices, not Bush or Obama.

If Romney wins and starts a new Mideast war, you could be looking at doubling today's price or better.

I'll vote Obaama, thanks. We need a cool head at the tiller.
Starts a Mideast War? It looks like that is already getting close under Obama's watch. Leading from behind.
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Old 09-14-2012, 08:26 PM
 
Location: Limbo
6,475 posts, read 6,198,579 times
Reputation: 6239
Gas prices will rise.

There is nothing to see here.
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Old 09-15-2012, 09:18 AM
 
5,787 posts, read 3,979,265 times
Reputation: 849
Default Mission Accomplished: Gas Prices More than Double Under Obama: $1.84 to $3.85

Gasoline Prices More than Double Under Obama: $1.84 to $3.85

Average retail gasoline prices have more than doubled under President Obama, according to government statistics, rising from $1.84 per gallon to $3.85 per gallon.


The average gasoline price is calculated by the Energy Information Agency, and shows that over the past 43 months of President Obama’s term retail gasoline prices have more than doubled, rising from an average of $1.84 per gallon to $3.85 per gallon.


Rising gasoline prices were particularly prevalent in August, which saw a 9.0 percent rise in the Consumer Price Index (CPI) for gasoline, a rise that almost entirely accounts for the general increase in prices seen by families across the country over the past month.


In other words, the recent spike in prices for all goods – tracked by the government’s Consumer Price Index – can be almost entirely accounted for by the rise in gasoline prices. Prices in the economy rose by 0.6 percent overall in August.
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Old 09-15-2012, 09:24 AM
 
Location: NY
12,266 posts, read 9,462,047 times
Reputation: 8029
I agree but you're about to be deluged with indignant posts that presidents, especially the Big O, have no effect over the price of oil...despite his obvious antipathy to the oil industry and his unleashing of the bureaucrats at the EPA on the petrochemical industry.
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Old 09-15-2012, 09:29 AM
 
Location: Sonoran Desert
29,370 posts, read 39,840,096 times
Reputation: 18827
Yes. I give full credit to the Bush administration and the Republicans for being clever enough to lower gas prices at the end of his term by destroying the US and world economies. Why won't Obama do something like that?
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Old 09-15-2012, 09:31 AM
 
69,372 posts, read 55,584,538 times
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High price of gas is an indication of failed Presidential energy policies.. Barack Obama 2008
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Old 09-15-2012, 09:33 AM
 
5,787 posts, read 3,979,265 times
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Quote:
Originally Posted by Ponderosa View Post
Yes. I give full credit to the Bush administration and the Republicans for being clever enough to lower gas prices at the end of his term by destroying the US and world economies. Why won't Obama do something like that?

How do you account for the low gas prices under Bush when the economy was setting records, we were paying down the deficit, the stock market set all time record highs, unemployment was low, GDP was high, and Federal Revenues were also setting records?
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Old 09-15-2012, 09:37 AM
 
5,787 posts, read 3,979,265 times
Reputation: 849
But, but, but.....Obama has an "all of the above" energy policy!!!

All of the above as long as it's NOT drilling for natural gas, drilling for oil, off-shore oil, or building a pipeline with no tax dollars in a shared project with one of our best next-door neighbors that would create thousands of jobs.
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