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THe price fluctuations around the country are dependent on state taxes, and ethanol blend requirements, as well as how close is the nearest refinery.
#17,
very good..
The only things inflated were PRICES.. And there was little reason for it, except that it made more profits.
Profits ARE/WERE supposed to goto making a better company and so forth.
Even lowering prices, because the profits were to HIGH..but then Stocks would go down, as profits went away.
So they KEPT the profits, and raised TOP WAGES.
WHICH DOES NOT RAISE CONSUMERISM.
pRICES WENT UP..
Middle and bottom wages didnt.
Prices KEEP going up, as Gov. tries to correct with higher Base wage. Cost of basic goods goes UP..
Still no help.
Gov should take OVER PROFITS. Profits PAST a certain point. and TAX them into hell.
Or..
MAX wage. NOT basic wage.
Interesting, in June 2008, I drove from Las Cruces, NM to San Jose, CA. I kept a record of my gas purchases (to track mpg of my new car). The average price for unleaded regular gas on the trip was $4.22 per gallon. My California purchases were $4.53, $4.43, $4.40, $4.50, $4.46 and $4.50. the first 4 were all in San Jose, and the last 2 were in Button Willow and Palm Desert. In fact the cheapest gas on the whole trip was $3.73 in Lordsburg, NM. I find it hard to believe that gasoline fell from an average of $4.50 a gal in June/July to $1.75 in December.
You guys need to chill out! Gas prices are still very low in the US compared to a lot of other places. Gasprice in Netherlands is Eur 1,545 at the moment, per liter. That comes to $7,42 per gallon at the current conversion rate.
Just saying.
#24
and most of that price…
IS TAX.
so at 1/2 tax…it about $3.75..with USA tax that would be about $4.50.
Gas price in Norway today: US$8/US Gal.
If President Hoover Obama hadn’t shut down oil drilling it would be a $1.00 per gallon now, and that cheaper price would have stimulated our economy out of this Great Recession going on Depression.
Its all Obama’s fault, every lost job.
#18 Is it wrong for a man to love another man?
http://washingtontimes.com/news/2010/mar/25/gas-up-1-on-obamas-watch/
Obama’s policies aid and abet the 57 states, whether by design or sheer stupidity is your choice.
I grew up in a house that was built in 1853, and later on I saw a book from around that time I think was called “Building Country Villas” (by the architect A. J. Davis). It had a list of prices for various items.
A medium size villa cost $800 total, and things like lath & plastering the whole place cost $30 (no small job compared to today’s wallboard).
Wonder what kind of deflation would send gas down to a nickel a gallon. Lack of demand, I bet.
Hey ReadyKilowatt….$0.35 for a Hershey bar? When did that happen last week? I remember when they went form 7 cents to 10 cents!
And, for the record, my Jeep Cherokee died, Ides of March, 2008 and due partly to the price of gas at the time, I replaced it with a Toyota Camry. I still have the receipt for the first fillup on the Camry…$4.35 a gallon. In Van Nuys, California, first week of April, 2008, and long, long before it was clear that Obama would be #44.
But I really don’t recall gas going below $2.00 since then. I think John’s picture must have been some kind of special promotion or something.
Oh, and $2.99 for regular in West LA this morning for those who are counting.
In 2003 before the U.S. invasion, Iraq was producing 2.5 million barrels of oil per day. Production fell after the invasion.
Also, even if all the drilling you speak of was allowed in the U.S. the energy department estimates 900,000 barrels would be added to the daily global supplies. That would just make up the lost oil output from Iraq.
Obama’s new fuel economy rules that must be reached by automakers by 2016 (light vehicle fleet wide average of 34.1 mpg) will save an average driver $3,000 over the time span of owning that vehicle. But as mentioned by others on here, we have it cheap compared to other countries. I came back from Germany last year and after the currency conversion it came out to roughly $8 a gallon for gasoline. Most people take public transportation or walk.
What people seem to forget is that it was $4/gallon gasoline that precipitated the housing bubble collapse. When you are struggling to make payments on a house you shouldn’t have been allowed to buy, paying $120 to fill up your truck became the final straw. And if you owned a small business that depended upon the discretionary spending of your customers, then having that extra $30 go to the oil companies instead of your till could spell the end of your business. People living in households with incomes under six figures understand this; our privileged elected representatives and the economic masterminds at Harvard and Yale don’t.
It was the sharp drop in gas prices documented by John’s photo that convinced me that the economy would recover if Washington kept its damn nose out of it. But as Rahm Emanuel said, “You never let a serious crisis go to waste.” I fully blame the Obama and Pelosi for the current state of our economy. I’m just glad that “We the people” put enough fear into the Democrats and backbone into the Republicans to keep Cap-and-Trade from passing.
Obama said he preferred prices to go up gradually. Yet we are told that his party supports the middle class.