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$4 gas: Get used to it
Fortune, by Leah McGrath Goodman

Original Article

Posted By:Photoonist, 10/5/2012 2:46:12 PM

President Obama may have a lot more to worry about than bombing the debate this week. Traders are starting to get particularly bullish over gasoline prices – and that is bad news for the average driver, who may also be looking to vent his spleen at the voting booth. Reports of gas shortages along the high-demand west and east coasts may be fleeting – although deeply concerning – but they highlight a problem that's expected to persist in the U.S.: our refineries are getting old. Given that a new refinery has not been built since 1976, commodities desks on Wall

Comments:
If I owned a gas station I'd put up a sign: High gas prices are brought to you courtesy of your president and his policies and his EPA. We have NO REASON to ''get used to'' these gas prices. The cost of removing and refining the crude hasn't risen that much.

      


Post Reply  

Reply 1 - Posted by: Mobyclik, 10/5/2012 2:51:34 PM     (No. 8912477)

It won't be newsworthy until the Useless Media says it is. And that won't happen as long as their Messiah is in the process of destroying America. Record prices and it's totally ignored. Hmmm, why would that be?

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Reply 2 - Posted by: kofcfn, 10/5/2012 2:51:36 PM     (No. 8912478)

EPA regulations and State regs are killing remodelizations

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Reply 3 - Posted by: Ding! Fries are Done, 10/5/2012 3:22:23 PM     (No. 8912545)


I'm sure gas prices will become big NEGATIVE news again once Romney is president, and how it is his fault, etc.. as opposed to the "Obama has no control over this - it's the speculators" now...





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Reply 4 - Posted by: trappedinmn, 10/5/2012 3:39:55 PM     (No. 8912594)

Don't forget to thank uncle ben (Bernanke). Continued running of the printing presses directly affects the price of everything- including oil based products.

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Reply 5 - Posted by: snowoutlaw, 10/5/2012 3:41:29 PM     (No. 8912601)

I wish I could get some for $4. More like get used to over $5 and lines.

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Reply 6 - Posted by: dman, 10/5/2012 4:06:48 PM     (No. 8912659)

We were told to "get used to it" in 1979 and much of 1980. We were told that we are to blame for the "malaise".

We responded on November 4, 1980.

A new President took office on January 20, 1981. In relatively short order things that couldn't get better - did. It led to 20 years of unprecedented prosperity.

Elections matter.

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Reply 7 - Posted by: strike3, 10/5/2012 4:20:01 PM     (No. 8912684)

You get used to it, birdbrain. I haven't accepted any of the Obama "new normal" baloney and I don't intend to start now. The U.S. marketplace will determine the price of gasoline and the next president will allow America to develop at her full potential instead of tying up hands, feet and brains as far as drilling and refining is concerned. Obama caused this mess by illegal and immoral actions beginning with the Gulf oil spill and continues to strangle the industry through government interference.

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Reply 8 - Posted by: Bubbasuncle, 10/5/2012 4:58:29 PM     (No. 8912792)

I agree #1, but only to a point. They may not report it, but people are constantly reminded of when filling up or driving down the road.

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Reply 9 - Posted by: franq, 10/5/2012 5:45:40 PM     (No. 8912879)

The Axlerods of the world will portay it as profiteering by Big Oil. It is really taxes (state and Federal, which exceed oil company profits) and the devaluation of the dollar. When you print trillions, they are worth less!

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Reply 10 - Posted by: billa, 10/5/2012 11:57:56 PM     (No. 8913357)

Since O took office, everything in our household has tripled or quadrupled in price, and since I live in looney toon No. California, prices on everything have soared. Gas in many places is $ 5.00 or more. Our standard of living and quality of life has plumetted. And the forecast is quite bleak.

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Reply 11 - Posted by: ColonialAmerican1623, 10/6/2012 12:44:31 AM     (No. 8913421)

In the past we always joked about gas prices dropping before the election. This guy does nothing.

We cannot keep up with inflation.

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