BALTIMORE — Hold on to your wallets. Gas prices make the biggest February jump in decades. Adam May explains why. At the rate we’re going experts say $4 a gallon is just around the corner. 2013 is on track to be one of the most expensive years to fill ‘er up. Gas prices in Maryland–up 16 cents in just one month–nationally up 17 cents. AAA says it’s just the beginning. “The way prices have been increasing over the past few weeks we wouldn’t be surprised to see prices approach near $4 a gallon here in Maryland,” said Christine Delise, AAA.
Comments: In our area it jumped to $3.50/Gal. this morning. Higher taxes, higher energy costs, higher medical costs, etc... How do you like Obama II so far?
How much of the hike is attributable to increasingly scarce ethanol, which thanks to the Energy Policy Act of 2005 must be included in gasoline? Congress eliminated the ethanol subsidy but not the mandate, so any increases in ethanol prices are reflected in the pump price.
#6 - Thanks for pointing out that the ethanol mandate was kept. The upside is intead of the hardworking subsidizing this madness with our taxes, the 47% now gets to pay their "fair share". That part I like, but its yet another example of the GOP only going half-way. The mandate should have been dumped along with the subsidy.
Prices jumped 45 cents in one week here in rural northern California. Regular is $3.98, midgrade $4.08, and supreme at $4.18.
Obama is so awesome! We don´t have to go to France for vacation, we´re all Europeans now. /heavy s
Actually, the US isn´t allowed to export crude. They can however run it through some very simple processes and ship the products. The big problem is that no one predicted that entrepreneurs would develop the process of horizontal drilling and hydraulic fracture sufficiently to extract 1.5 million barrels a day of oil from tight formations by the end of 2012. And the refineries were prepped for getting very heavy sour crude and the light sweet crude doesn´t fit the investment. It would be nice if tar sands would finally arrive at the Gulf of Mexico, but the ditherer in chief has slowed that by at least a year. The good news is that oil from Eagle Ford has made the connection to the gulf so the east coast refineries can be supplied by ship (large barges).
#5 To my knowledge the USA does not export oil, as it is illegal to do so. There might be some limited exceptions to this, but those are due to oil not being able to reach market from where it is produced due to pipeline or other logistical issues.
It´s actually unfair that oil cannot be exported and is a subsidy from royalty owners and small producers to the large domestic refineries. Oil international prices are marketedly higher than Texas Sweet Crude for this reason.
Also, note that crude oil is not uniform. Refineries have to blend it to get the corect mix for gasoline. As a result, often there is some sort of extra type of crude that needs to go to some other market.
I have no idea whose conducting this poll but out here in certain parts of California, we have not seen gaiAt s prices so low as $4.00 a gallon in a number of years. At its peak, it was around $5.20 - $5.80... as the Dems want it wait until $8.00 a gallon is the new normal. Here in CA $4.50 - $4.75 is our new normal. People, here have lost jobs because they cannot pay the price of petrol to get to their work.
I do believe that is BO´s agenda...BK everyone into poverty so they have no jobs, no cars, no homes, no bank accounts. Confiscate property and either hand to the highest bidder or don it out to your "next best friend". = $donor. That is BO´s concept of "fair share" and "spread the wealth around".
SOUTH ORANGE, N.J. -- The victim of a vicious knockout attack in New Jersey is speaking out for the first time. He was cold-cocked, and hit not just with a fist, but with a glove with hard plastic knuckles. Two of the four attackers are still on the run. "All of a sudden, I was trying to watch my back and these two came around front and punches my face," the victim said. The 36-year-old restaurant worker does not want his name or face on television, and who could blame him? He still has headaches from a concussion and six
Sears stock plummeted Wednesday as news came out that Edward Lampert, its stubborn billionaire chairman and CEO, had to surrender majority control of the 120-year-old big box retailer when investors in Lampert’s hedge fund pulled money out. With no end in sight for Lampert’s quixotic turnaround efforts, it’s time to question whether there’s any way to save Sears as long as he remains in charge. (Snip) Lampert began at Sears with the ill-fated $12 billion merger with Kmart in 2005. Sales have declined for 27 straight quarters and the company’s stock is down over 70% from its high in 2007.
The Internal Revenue Service (IRS) has no system in place to prevent fraud when individuals apply for tax credits under Obamacare, according to the Treasury Inspector General for Tax Administration (TIGTA). The IG said in an audit released Tuesday that the IRS has no plan to manage, monitor, or mitigate fraud risk when processing premium tax credits available under the Affordable Care Act (ACA). “The ACA Program has not yet completed a fraud mitigation strategy,” the audit found. “It is important for the IRS to thoroughly consider fraud threats and risks that could impact new ACA systems.” Politico reports: The
Around 100,000 Americans successfully signed up for health insurance in November through the troubled federal online marketplace, HealthCare.gov, a person familiar with the preliminary data confirmed to ABC News. The figure reflects a surge in enrollment as software and hardware fixes to the site were made over the course of the month. In October, only 26,000 people could successfully enroll in Obamacare plans, according to the Department of Health and Human Services. "We´ve been working 24/7 to make improvements, and more consumers are successfully shopping online and enrolling in a health plan each week," Health and Human Services Secretary
NEW HAVEN >> The jail cell death last weekend of Yale University professor Samuel See, known as a brilliant writer and rising star in academia, has shaken up the tight-knit college community. Now adding to the mystery of his unexpected death are apparent connections between the online profiles of See and several escort service websites that include a cache of sexually explicit photos. At least four websites advertising male escort services included a phone number connected to See. The website Ryan Cochran Escort Services includes the same phone number listed on an order of protection filed against See in September.
For many Ann Arborites, Thanksgiving is a day devoted to giving thanks, spending time with family, eating turkey and watching the Detroit Lions. This year, retail giants want that to change. (Snip) The early openings change the game for retail giants looking to boost profits through aggressive holiday sales. It also means millions of retail employees in the U.S. are working on the holiday, and it poses the question to consumers: Is a bargain on a 70-inch television or an Apple iPad worth ditching Thanksgiving dinner? “You couldn’t pay me to stand in a line in the cold on Thanksgiving
Macy´s Inc and a slew of other U.S. retailers are opening on Thanksgiving for the first time ever in a bare-knuckled brawl for a bigger slice of overall holiday sales. But it might not be so easy to lure most Americans from their turkey and football - particularly if the weather is foul. Department store rivals Kohl´s Corp and J.C. Penney Co Inc led a string of Thanksgiving opening announcements after Macy´s said it would open its U.S. stores on the popular holiday, ending a 155-year tradition. Sales trends, survey results and an online "Save Thanksgiving" backlash suggest that shoppers
The National Highway Traffic Safety Administration has announced a new five-year strategic plan to improve safety for elderly drivers and passengers. Although they are statistically among the safest on the road, the number of older drivers is increasing dramatically — and with it, that group´s numbers of injuries and deaths. Since 2003, the population of older adults, defined as age 65 and older, has increased by 20% and the number of licensed older drivers increased by 21% to 35 million in 2012, according to NHTSA. Last year, NHTSA reported that 5,560 people older than 65 died and 214,000 were injured
A veteran Washington adviser who has worked for four Presidents on both sides of the political aisle said that the stunning Government Accountability Report report that found President Barack Obama has not had a one-on-one meeting with Health and Human Services Secretary Kathleen Sebelius since the passage of Obamacare over three years ago is an indictment of the entire White House operation and shows that the Obama administration has bordered on "malfeasance." "I have no doubt the White House is right, that Secretary Sebelius was in several group meetings with the president about health care," Gergen caveated, "but the whole
President Barack Obama’s Facebook page on Saturday posted a message honoring the dead from Pearl Harbor—accompanied by a picture of Obama descending the stairs next to the Pearl Harbor Memorial. The picture barely fits the name of the Arizona Memorial so it can frame Obama in the foreground. The post´s statement reads: Today, with solemn pride and reverence, let us remember those who fought and died at Pearl Harbor, acknowledge everyone who carried their legacy forward, and reaffirm our commitment to upholding the ideals for which they served. President Obama The Obama Administration´s current shipbuilding plan shrinks the size of
Barack Obama did not tell the whole story this autumn when he tried to make the case that Bashar al-Assad was responsible for the chemical weapons attack near Damascus on 21 August. In some instances, he omitted important intelligence, and in others he presented assumptions as facts. Most significant, he failed to acknowledge something known to the US intelligence community: that the Syrian army is not the only party in the country’s civil war with access to sarin, the nerve agent that a UN study concluded – without assessing responsibility – had been used in the rocket attack. In the months before the attack,
Dr. Ezekiel Emanuel, the hapless, goalpost-shifting so-called "architect" of Obamacare, told Fox News´ Chris Wallace on Fox News Sunday that President Barack Obama´s promise "if you like your doctor, you can keep your doctor" was absolutely true--with one important caveat: if you like your doctor, "you can pay for it." Wallace grilled Dr. Emanuel, challenging his false claims that California´s enrollment was keeping pace with the percentage of the young population necessary to keep the system afloat, and pointing out that the president´s promise on doctors would collapse once people lost their insurance or their
Just how much do many Hollywood liberals hate conservatives? In an interview with Playboy, Ben Affleck said, "When I watch a guy [on film] I know is a big Republican, part of me thinks, I probably wouldn’t like this person if I met him": PLAYBOY: You developed a political profile campaigning for presidential candidates Al Gore, John Kerry and Barack Obama. How did that come about? AFFLECK: I grew up in a house with a mother who was a teacher and a Freedom Rider—very left-wing Democrats living in a heterogeneous working-class neighborhood. I picked up a lot of those values there, and I
The U.S. isn´t called "America the Beautiful" for nothing. Each year, millions of tourists come from home and abroad to see the country´s majestic landscape and iconic sites, from the Grand Canyon to the Statue of Liberty. But there are also cool, quirky attractions, like Vermont´s Ben & Jerry´s Factory and Tennessee´s Graceland, the former home of Rock and Roll King Elvis Presley. From California to New York and everywhere in between, the country is chock-full of incredible attractions that keep luring in visitors. Here are the best tourist attractions in every state.