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I paid $3.53 two weeks ago and paid $3.53 today. In any case, why is it that you only announce when gas prices rise but never when they fall? You also only blame Obama when they rise and not give credit him when they fall.
The fact is, gas prices fluctuate. That's why we exclude them from Core CPI. It also has nothing to do with Obama.
Unless of course the President is a Republican, because you're all there to blame him
Quote:
Originally Posted by MTAtech
$1.86 gasoline was not attributable to Bush being a superior leader but due to Bush driving the economy into near depression.
(WASHINGTON, May 6, 2013) Today’s national average price for a gallon of regular unleaded gasoline is $3.52. This price is two cents more expensive than one week ago, but it remains 9 cents less than one month ago and 26 cents less than one year ago. After registering a week-over-week decline every day since March 1 (61 consecutive days), the national average has posted a week-over-week increase for six straight days. The national average is currently 27 cents below the peak 2013 price to date of $3.79 on February 27. In 2011 the national average for regular unleaded gasoline peaked at $3.98 on May 5. In 2012 the price peaked at $3.94 on April 5 and 6.
Quote:
These higher oil prices have been broadly supported by signs of economic recovery, however news over the weekend of an Israeli airstrike in Syria raised fresh concerns of a possible disruption to oil supplies in the Middle East and added to the upward pressure on prices.
Obviously, the low IQ morons don't know there was a thread a couple of weeks ago about how 0bama should be thanked for lowering gas prices. Started by..........yep, an 0bot.
Of course high gas prices were Bush's fault back then. Probably still are.
The day Bush left office: Gas was $1.78.
Today, gas is $3.50.
Thank you, 0bama, you cretin!
Gas price has little to with which president is in office, and a lot to do with RVP (Reid Vapor Pressure). There are two blends of gasoline that we see each year: winter and summer blends. Winter's low temperatures allow for cheap additives that would evaporate in the heat of summer months (like butane), so they are prohibited to use as additives after May 1st. This is the reason that gas prices fall every winter and rise every summer... presidents have nothing to do with it winter/summer blends other than preventing companies from selling you a product that would evaporate for $3.60/gallon.
Wouldn't it be more accurate to state that the buying power of the "dollar bill" has dropped in relation to petroleum?
And since the control over the volume of "dollar bills" is under the authority of Congress, it's their fault.
I was talking national average. The peak cost of course exceeded anything that came before, even allowing for inflation.
The national average was skewed by eastern vs western averages. During the July 4th weekend (2008) the national average was $4.25. The east coast was $4.11 and the west coast was $4.51.
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