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Hold On To Your Wallets: Price
Of Gas Approaches $4 A Gallon
WJZ-TV [Baltimore, MD], by Adam May
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Original Article
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Posted By:NorthernDog, 2/11/2013 2:05:06 PM
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| 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.
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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?
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Reply 1 - Posted by:
engrpat, 2/11/2013 2:11:22 PM (No. 9170446)
I assume the press will blame Bush for the high cost of gas, can´t blame Obama.
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Reply 2 - Posted by:
King of all trolls, 2/11/2013 2:16:10 PM (No. 9170457)
Gee, odd that prices dropped just long enough to reelect the red diaper doper baby.
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Reply 3 - Posted by:
Scrubber, 2/11/2013 2:39:17 PM (No. 9170506)
And just why, exactly, isn´t Obama getting blamed for this?
Wuzzat? He´s a (D)?
Nah, that can´t be the reason.
I remember senate hearings with the previous president.
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Reply 4 - Posted by:
Kingbubo, 2/11/2013 2:48:58 PM (No. 9170522)
Passed a shop today, $3.999 in suburban Chicago. Sams club was at $3.57
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Reply 5 - Posted by:
trackman999, 2/11/2013 3:02:32 PM (No. 9170551)
The USA country is EXPORTING crude, not enough refineries. WHY?
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Reply 6 - Posted by:
Ribicon, 2/11/2013 3:05:24 PM (No. 9170558)
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.
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Reply 7 - Posted by:
lydwho, 2/11/2013 3:26:47 PM (No. 9170598)
Everyone should be reminded that when this lame-brain took command the price of regular gas was $1.75.
How much longer are we going to put up with this???
Art
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Reply 8 - Posted by:
Timber Queen, 2/11/2013 3:41:43 PM (No. 9170626)
#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
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Reply 9 - Posted by:
hamrman, 2/11/2013 4:38:21 PM (No. 9170742)
Yeah more of Obama´s hope and change, he can keep them both, We the People have had enough...!
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Reply 10 - Posted by:
Jiobaobubai, 2/11/2013 4:45:02 PM (No. 9170761)
Approaches?
I paid $4.36 for 91 this weekend.
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Reply 11 - Posted by:
EQKimball, 2/11/2013 5:04:25 PM (No. 9170807)
I paid $4.59 this past weekend for regular unleaded in Santa Barbara, California. Premium unleaded was selling for $4.99/gallon.
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Reply 12 - Posted by:
oh-heck, 2/11/2013 5:11:32 PM (No. 9170815)
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).
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Reply 13 - Posted by:
stonepony, 2/11/2013 5:14:54 PM (No. 9170820)
you have to love it............if you are a demo or part of the left, I guess that is redundant, high gas prices is just what they dream of
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Reply 14 - Posted by:
thethirdruffian, 2/11/2013 5:54:21 PM (No. 9170892)
#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.
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Reply 15 - Posted by:
4Justice, 2/11/2013 6:20:43 PM (No. 9170935)
It´s about $4 here in California. But it isn´t ONLY gas prices...the price of everything goes up when gas prices jump. Food is ridiculously high now. $6 for a gallon of milk?? $1.32 for ONE tomato??
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Reply 16 - Posted by:
snowoutlaw, 2/11/2013 6:26:07 PM (No. 9170945)
It is that time of year for EPA mandated fuel changes but it does seems a little early.
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Reply 17 - Posted by:
ColonialAmerican1623, 2/11/2013 9:41:58 PM (No. 9171141)
Remember the $8.00 a gallon of gas goal ?
Gas, food, utilities, and almost everything else is up, while paychecks are down.
Ah did not vote for that man-either time.
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Reply 18 - Posted by:
billa, 2/12/2013 1:27:52 AM (No. 9171301)
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".
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Posted By: Fiesta del sol- 4/6/2013 8:20:04 AM
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Beyonce and Jay-Z celebrated their fifth wedding anniversary in Cuba this week. The couple, who married on April 4, 2008, took in the sights of Old Havana, visited a school, dined on a rooftop terrace and strolled the fan-filled streets in their island best.(snip).The power couple declined to answer journalists´ questions about their visit to the island nation, but some outlets are reporting that the moguls are there as tourists, though that would be illegal because of the half-century embargo the U.S. has on the Communist country. However, the Miami Herald said Washington has issued special licenses for
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Posted By: Desert Fox- 4/5/2013 9:40:39 PM
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The budget President Barack Obama will submit on April 10 will contain a proposal that would prohibit individuals from accumulating more than $3 million in Individual Retirement Accounts (IRAs) and tax-preferred retirement accounts. According to a White House statement, the Obama administration believes the current rules allow some wealthy individuals "to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving." "The budget would limit an individual’s total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per
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