Gas prices, thank you President Obama!

[chikenwing]

Supply and demand set the price of gasoline. If the USA was tapping its massive supplies of offshore and fracked oil, the world supply would greatly increase and the price would go down.

Keeping energy prices high is part of the obama strategy to punish the USA for slavery and its wealth. He is determined to bring the US to its knees and make us a third world nation. Obama hates the USA and everything it stands for.

Worst president in history is a gross understatement. Traitor is more accurate.

Lol no it wouldn't.

of course it would, right now we are letting OPEC control the supply and therefore the price by controlling the amount of oil they let into the world market. If we opened up our oil spigots the world price (and futures prices) would go down. If obozo just announced that he was opening up offshore areas for drilling, the futures prices would drop the next day, and gasoline prices would drop the day after that.

The ignorance on the topic of oil prices is amazing.

Its still supply v demand,the markets have much more volatility compared to the past,but still supply v demand

 

[Redfish]

Lol no it wouldn't.

of course it would, right now we are letting OPEC control the supply and therefore the price by controlling the amount of oil they let into the world market. If we opened up our oil spigots the world price (and futures prices) would go down. If obozo just announced that he was opening up offshore areas for drilling, the futures prices would drop the next day, and gasoline prices would drop the day after that.

The ignorance on the topic of oil prices is amazing.

Its still supply v demand,the markets have much more volatility compared to the past,but still supply v demand

yes it is

 

[regent]

There is too much money in oil for it to be subject to simple supply and demand. The days of big oil and associates my be more sophisticated and but its still here, and making sure their boys in government vote correctly.

 

[Redfish]

There is too much money in oil for it to be subject to simple supply and demand. The days of big oil and associates my be more sophisticated and but its still here, and making sure their boys in government vote correctly.

Yes, we get it---------oil is evil, oil companies are evil, rich people are evil. Only the wonderful arab oil producing states are not evil.

you libs are a confused bunch.

 

[Ravi]

Survey: US Gas Prices Down 6 Cents a Gallon - ABC News

Kudos where kudos are due

To give him kudos you at least have to tell us what you think he did to achieve this great accomplishment. Did he talk the Saudis into releasing more oil? Did he drill for oil himself? Or did he merely trash the economy and cause the price of everything to inflate to where people do not travel nearly as much as they did? The price of gasoline has been high his whole term, even at 6 cent less it is high as anyone lauding Obama for the drop must be.

gas prices always go down near the end of the summer driving period. This entire thread is bullshit

That would make sense if this was the end of the summer driving period. Since it isn't, Obama even deserves more credit! Thanks!

 

[ThoughtCrimes]

Your graph juxtaposes two variants of measurement. For gasoline it's supply and for oil it's price against supply.
Apples and oranges.

HUH? You can't be serious about that. I'll calmly explain it to you, but please don't feign being so witless again.

Here is the thumb of the graph again; look at it closely. Note the LEFT X-axis scaling is labeled Crude Oil US Dollars/barrel AND the Right X-axis scaling is labeled Regular Gas Price (US Dollars/ Gal). The Y-axis scaling is the period over which the data is dispersed. Apples to apples...cost to cost on both X-axis scaling; nothing at all to do with supply in the data sets. I can't understand why you didn't see that!

You left out pic #3.

Unbelievable! Your previous critique was:

"Your graph juxtaposes two variants of measurement. For gasoline it's supply and for oil it's price against supply."

Only one of the graphs even came close to that odd description so I demonstrated that, based on YOUR statement, you were in error. Now you claim it was the graph of the third thumb. Did you notice that graph pertained to monthly end stocks of crude and gasoline oil and nothing about price? The three thumbs were presented for comparison analysis, which is something I believe is beyond you. So here is your trophy...

 

[Warrior102]

That would make sense if this was the end of the summer driving period. Since it isn't, Obama even deserves more credit! Thanks!

Dear God, you're a flaming freaking idiot.

Seriously.

 

[regent]

There is too much money in oil for it to be subject to simple supply and demand. The days of big oil and associates my be more sophisticated and but its still here, and making sure their boys in government vote correctly.

Yes, we get it---------oil is evil, oil companies are evil, rich people are evil. Only the wonderful arab oil producing states are not evil.

you libs are a confused bunch.

Oil is not evil, but the money therefrom can cause some evil. America has had many examples of greed, including greedy corrupt politicians in our history. Even in political circles the concept of honest graft and dishonest graft is well known, but to this day some politicians are still dazzled by the lure of dishonest graft.

 

[healthmyths]

There is too much money in oil for it to be subject to simple supply and demand. The days of big oil and associates my be more sophisticated and but its still here, and making sure their boys in government vote correctly.

Yes, we get it---------oil is evil, oil companies are evil, rich people are evil. Only the wonderful arab oil producing states are not evil.

you libs are a confused bunch.

Oil is not evil, but the money therefrom can cause some evil. America has had many examples of greed, including greedy corrupt politicians in our history. Even in political circles the concept of honest graft and dishonest graft is well known, but to this day some politicians are still dazzled by the lure of dishonest graft.

"dishonest graft"???
Is there any "honest" political graft?

 

[Redfish]

To give him kudos you at least have to tell us what you think he did to achieve this great accomplishment. Did he talk the Saudis into releasing more oil? Did he drill for oil himself? Or did he merely trash the economy and cause the price of everything to inflate to where people do not travel nearly as much as they did? The price of gasoline has been high his whole term, even at 6 cent less it is high as anyone lauding Obama for the drop must be.

gas prices always go down near the end of the summer driving period. This entire thread is bullshit

That would make sense if this was the end of the summer driving period. Since it isn't, Obama even deserves more credit! Thanks!

Kids are back in school. where I live that signals the end of the summer driving period. Maybe not on the planet libtardia where you live.

 

[Redfish]

There is too much money in oil for it to be subject to simple supply and demand. The days of big oil and associates my be more sophisticated and but its still here, and making sure their boys in government vote correctly.

Yes, we get it---------oil is evil, oil companies are evil, rich people are evil. Only the wonderful arab oil producing states are not evil.

you libs are a confused bunch.

Oil is not evil, but the money therefrom can cause some evil. America has had many examples of greed, including greedy corrupt politicians in our history. Even in political circles the concept of honest graft and dishonest graft is well known, but to this day some politicians are still dazzled by the lure of dishonest graft.

Is there no greed involved in the so-called "green" energy sector? Greed and graft are human traits, civilization tries to keep them under control. Obama, pelosi, reid, and clinton are examples of what happens when civilization fails to control greed.

 

[Ravi]

gas prices always go down near the end of the summer driving period. This entire thread is bullshit

That would make sense if this was the end of the summer driving period. Since it isn't, Obama even deserves more credit! Thanks!

Kids are back in school. where I live that signals the end of the summer driving period. Maybe not on the planet libtardia where you live.

Summer weight fuel vs. winter weight fuel. Get a clue before your brain turns to mush.

Oops, too late.

 

[Jarhead]

The average U.S. price of gasoline has dipped 6 cents a gallon in the past two weeks and prices in California have fallen 9 cents in the same time period.

Survey: US Gas Prices Down 6 Cents a Gallon - ABC News

Kudos where kudos are due

Kudos?

It is up over 100% since he took office.

Jeez.

 

[Redfish]

That would make sense if this was the end of the summer driving period. Since it isn't, Obama even deserves more credit! Thanks!

Kids are back in school. where I live that signals the end of the summer driving period. Maybe not on the planet libtardia where you live.

Summer weight fuel vs. winter weight fuel. Get a clue before your brain turns to mush.

Oops, too late.

OMG, you really are a fool. Yes, summer gas is formulated differently from winter gas. The difference is greater in some states than others. But that does not change the fact that demand goes down once schools start back in session.

Sorry, mush brain, but you once again have made a fool of youself on USMB

 

[Redfish]

The average U.S. price of gasoline has dipped 6 cents a gallon in the past two weeks and prices in California have fallen 9 cents in the same time period.

Survey: US Gas Prices Down 6 Cents a Gallon - ABC News

Kudos where kudos are due

Kudos?

It is up over 100% since he took office.

Jeez.

Bush's fault---------------------------- you're racist---------------------- you hate poor people--------------------------

just getting the lib talking points out there before they do.

 

[Siete]

Still at it .... LMAO

self proclaimed message board oil pundit OPINIONS

or

The EIA/ factual DATA ..


gee, I dunno, that's a tough one ..

BBBBAAAAWWWWAAAAHHAHAHAHAHAHAHAHHAAAAAAAAAAAAAAAA

 

[BlindBoo]

The average U.S. price of gasoline has dipped 6 cents a gallon in the past two weeks and prices in California have fallen 9 cents in the same time period.

Survey: US Gas Prices Down 6 Cents a Gallon - ABC News

Kudos where kudos are due

Kudos?

It is up over 100% since he took office.

Jeez.

A disingenuous argument at best. Since it was the 2008 recession that drove gas prices down temporarily in the weeks leading up to the election and the months before the inauguration.

 

[Warrior102]

A disingenuous argument at best. Since it was the 2008 recession that drove gas prices down temporarily in the weeks leading up to the election and the months before the inauguration.

What a dunce.

 

[OnePercenter]

The initial drop occurred in July before the housing market collapse. It came as a result of Bush reversing the 1991 moratorium. Congress agreeing to allow the comprehensive moratorium to expire with a pledge to not renew for at least six months precipitated the major drop in prices. If the bad market was the cause for cheap fuel, the price would have stayed low due to a lack of recovery. Truth is, any lack of recovery has been caused by obama's energy policy.

The market has recovered, pretty similarly to the rise in gas prices.

No, the economy has not recovered. Prices are up, wages are down and unemployment has been high and stagnant.

Rich greedy people that support Republicans is the problem.

 

[OnePercenter]

The market has recovered, pretty similarly to the rise in gas prices.

No, the economy has not recovered. Prices are up, wages are down and unemployment has been high and stagnant.

Does anyone else imagine a robot voice when reading comments like that?

Prices AREN'T up, wages AREN'T down and unemployment HASN'T been high and stagnant? Or are you pretending to be intelligent?