Gas was $1.47 in May, 2003. Watch FOX NEWS spin today's gas prices into an "Obama's fault!" story. (interviews, drugs)
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You are missing the point. If the theory that the price of the dollar is causing high oil prices in the U.S., then Europe should be immuned because they don't use dollars.
If people are 'dumping dollars in favor of gold and oil,' the price of the Euro would rise against the dollar and the price of oil against the Euro would be unchanged -- but that's not what we observe. We see the price of oil relative to the Euro rising too.
What the Euro does has to do with the price of oil in Europe.
What the US dollar does has to do with the price of oil in the US.
"If people are 'dumping dollars in favor of gold and oil,' the price of the Euro would rise against the dollar"
If people were dumping dollars in favor of Euros, the Euro would rise in relation to the dollar.
Also remember, we are constantly printing more worthless paper money which further devalues the existing money supply.
Prices for regular unleaded gas have risen from $1.47 a gallon in May 2003 to more than $3.96 now (June, 2008), a jump of nearly 170 percent. In the same period, the most popular grade of gas in France rose by just over 90 percent — a relatively gentle climb.
The price of a gallon of gasoline is at $3.98 as of Friday May 6(2011). And it’s only going higher. The price will likely hit $4 a gallon sometime soon, despite a big drop in the price of oil, and head toward record highs soon after.
You read that right – record highs. When Obama took over in January 2009, gas was a "mere" $1.84 a gallon. Now, "mere" is what’s left in our wallets after filling up.
And it’s all deliberate.
It’s not your standard lefty war “about oil” conspiracy. There’s no grand cabal pumping up gas prices to the point where ordinary Americans can’t afford to drive.
No. High gas prices are the natural result of a series of decisions by the Obama administration that are geared to hiking the cost of fuel, limiting how much we drive and controling one more asepct of Americans’ lives. Obama isn’t the only factor. Mideast politics, wars – including Obama’s new one in Libya– and global demand all have impact, too.
Obama; making gas cost the same as in 2008. THE MAN GOT SKILLZ.
If my memory serves me right, when it was $4 a gallon in 2008 Bush got the heat, this is part of being the head of the country. It goes with the territory, something bad happens, the Pres has to take the blame, something good, he gets credit.
Let's also remember which few mention: oil was at $140 plus a barrell, now it is barely over $100. Or is was until it went below $100 the end of last week.
So Obama is irrelevant to the highest gas prices we have ever seen?
Nothing he can do to impact gas prices?
He has now fulfilled his campaign promise of causing energy prices to necessarily skyrocket. If he can cause prices to go higher he can cause them to go lower.
Wait until Trump calls him out again on oil prices.
The great inheritor is finally deemed powerless by his minions. Never thought that day would come.
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,826,582 times
Reputation: 6438
Quote:
Originally Posted by Kracer
So Obama is irrelevant to the highest gas prices we have ever seen?
Nothing he can do to impact gas prices?
He has now fulfilled his campaign promise of causing energy prices to necessarily skyrocket. If he can cause prices to go higher he can cause them to go lower.
Wait until Trump calls him out again on oil prices.
The great inheritor is finally deemed powerless by his minions. Never thought that day would come.
Yep.
Yep.
Yep.
Yep.
Your post addresses all the issues in an insightful manner.
So, if you don't use government figures, where did you get your 10-15% number, thin air?
the store...that's where
even lumber is way up
so are you going to tell me YOU BELIEVE the government TELLING YOU that inflation is at 0-1% when PRICES in nearly everything have risen 10-20% or more????
it really is stupid to blame the president for something he can't really control
There's a lot the president can do. When prices reached $4.00 a gallon in 2008, GW rescinded a long-standing executive order prohibitting off-shore drilling. That was enough to drive down oil prices. In other words when the US gets serious about developing our own energy resources prices will plummet and stay low indefinitely.
Prices for regular unleaded gas have risen from $1.47 a gallon in May 2003 to more than $3.96 now (June, 2008), a jump of nearly 170 percent. In the same period, the most popular grade of gas in France rose by just over 90 percent — a relatively gentle climb.
The price of a gallon of gasoline is at $3.98 as of Friday May 6(2011). And it’s only going higher. The price will likely hit $4 a gallon sometime soon, despite a big drop in the price of oil, and head toward record highs soon after.
You read that right – record highs. When Obama took over in January 2009, gas was a "mere" $1.84 a gallon. Now, "mere" is what’s left in our wallets after filling up.
And it’s all deliberate.
It’s not your standard lefty war “about oil” conspiracy. There’s no grand cabal pumping up gas prices to the point where ordinary Americans can’t afford to drive.
No. High gas prices are the natural result of a series of decisions by the Obama administration that are geared to hiking the cost of fuel, limiting how much we drive and controling one more asepct of Americans’ lives. Obama isn’t the only factor. Mideast politics, wars – including Obama’s new one in Libya– and global demand all have impact, too.
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,826,582 times
Reputation: 6438
Quote:
Originally Posted by Calvinist
What has Skippy done to resolve an already bad situation? Can you tell me that?
If only he had reigned in the credit card companies and banks. If he had, they would not have to try numorous/new different ways to get money from the idiot masses.
Since he hasn't, I guess they haven't had to change the way they charge people for credit.
So Obama is irrelevant to the highest gas prices we have ever seen?
Nothing he can do to impact gas prices?
He has now fulfilled his campaign promise of causing energy prices to necessarily skyrocket. If he can cause prices to go higher he can cause them to go lower.
Wait until Trump calls him out again on oil prices.
The great inheritor is finally deemed powerless by his minions. Never thought that day would come.
Don't you get it? Obama has nothing to do with anything bad that happens, but solely responsible for the good stuff. Now get with the program!!
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