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The national average for a gallon of regular gasoline hit $3.80 on Monday, up 14 cents from the same time last year, the highest price ever recorded during a Labor Day weekend, GasBuddy.com reports.
Sounds like the Free Market at work. Speculators do what speculators do, and the oil companies gouge when there is a holiday in the works. What a surprise.
Now if the Fed will get off its butt and allow some inflation to take place, maybe we can get the economy jumpstarted.
What's the problem. Gasoline and oil are freely traded products that are subject to capitalistic principles. Government adds a tax but it is not like government adds taxes at random. Instead, oil companies determine the amount of money they want for their product.
Since we are too stupid to look for alternatives and keep insisting that we are entitled to all the oil we want, they basically have us by the balls.
You either like free enterprise or you don't. If you don't like the price an oil company demands for their product, perhaps you need to shop elsewhere?
The national average for a gallon of regular gasoline hit $3.80 on Monday, up 14 cents from the same time last year, the highest price ever recorded during a Labor Day weekend, GasBuddy.com reports.
Once again a right-winger falsifies the title of a thread. The price is not the highest in history, that was actually under Bushes time, this is only the highest on Labor day.
Sounds like the Free Market at work. Speculators do what speculators do, and the oil companies gouge when there is a holiday in the works. What a surprise.
Now if the Fed will get off its butt and allow some inflation to take place, maybe we can get the economy jumpstarted.
They should operate at a loss so we could eventually bail them out and eventually nationalize them.
Then we will feel the real pain.
Or we could loosen the permitting process so more refineries could be built and when an event like Isaac occurs it wouldnt impact the supply so drastically.
FYI-restricted supply+ same or greater demand =higher price
Perhaps you should point your anger at the big businesses that are artificially inflating the price so they can make a few more billions or OPEC for maintaining price levels, or Kissinger and Nixon for coming up with the OPEC Idea. Or Reagan for eliminating all the measures Carter put in place to get us oil independent. Or would you like to look at the current Congress for not being as aggressive at measures for oil freedom as our President.
You have a handful of people that are trying to make a change... Romney or the R's won't be among them. You don't like the price of gas today... thank Ronnie and the others with their failed policies or blocks to policies for change.
Once again a right-winger falsifies the title of a thread. The price is not the highest in history, that was actually under Bushes time, this is only the highest on Labor day.
Take a look at the source. The radical right wing propaganda machine at fox spreading lies once again, and you're correct, W gave us the highest gas prices in history, not that the right wing goons care.
Gas goes up, and gas goes down. At this point I think people are starting to figure out its just on a cycle. We go through this every few months, of every year. Nothing new.
I loved when President Clinton was in office and my gas price was about 95 cents a gallon. God, what a great man he was. I'm sure this is 100% Obama's fault and when Romney gets in office he will make it right again in so many ways. I'm positive those prices will just plunge under his magic touch.
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