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We oughta just NAIL that price down at 99 cents and get rid of this nonsense!
How exactly would "we" do that?
If you are referring to government intervention that would force oil companies to lower their prices to that level, "we" would essentially force those oil companies to cease operations. When you consider how much more people pay for gas in most other places in the world, we already have low prices--relatively speaking.
why kate you surprise me! wouldn't this involved getting the big bad government involved and interfering with the free market?
NAH just the oil companies finally taking some pity on us
Have you ever seen the profits exxonmobil makes?? I know an awful lot goes back into research and exploration but I still think they have plenty of wiggle room to ease up on the public a bit..wishful thinking
Last thing we need is big brother sticking their big ugly nose into it
And that's a good resource, a great chart to have. I selected "one year". The graph begins early February 2012, and ends now.
Look at what happened last year between Feb 5 and March 1st. The price of gas climbed from $3.43 to $3.71 in less than a month.
This is what frustrates me about American citizens, that being our short attention span. This isn't really news. We spend too much time wrapping ourselves around Beyonce, the Super Bowl and preacher tip-stiffers at Applebee's, and less on long term matters that impact us as citizens.
To me, the answer would be to explore for more fuel sources domestically (which we seem to be doing) and also continue to encourage via tax incentives longer term sustainable fuel alternatives, such as solar, biomass, and wind energy.
To think these prices would be even higher if we were in a period of greater economic prosperity or if we were still at lower rates of domestic production. We are still in the early stages of recovery, and we are extracting more fuel domestically as a percentage now than 10 years ago, otherwise these prices would be north of $4.50 a gallon by now.
I still don't know (aside from strong lobbyists) why they get any tax breaks at all. I can't understand how ending this corporate welfare is raising taxes and is "unAmerican."
Just for clarification, everyone does realize that Exxon, BP, Shell, etc. don't actually set the price of a gallon of gas or oil, right?
No they don't it's those dolts on wall street or wherever the hell they deal in futures and commodities, if not them then OPEC
I wish the oil companies did set the prices
The EIA publishes this data for free online and updates it weekly. They report by market PADD, which is basically the average for an entire area. NJ is in the Central Atlantic (PADD1B), so that is the number to use for us. While it is not as specific as the Gas Buddy data by city, if you are just looking for trends and averages, it works just as well:
If you click on an individual PADD it gives you all the details for that area and the entire history going back to 1994 or so.
If you just want the overall average retail price data, you can click on the "full history" link and it will open up an excel sheet with the weekly average price data going back to 1990 (though they don't track everything until 1994 or so). Here is the direct link to the full history excel sheet:
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