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Gas prices have biggest 2-week jump this year. Are you driving less?

Fox Report with Shepard Smith 2012/08/13 14:07:07
Related Topics: Gas, Gas Prices, Driving, Prices
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  • RTHTGakaRoland 2012/08/13 19:48:02
    Yes
    RTHTGakaRoland
    +18
    oenergy

    Shortages via policy are both directly increasing prices and over sensitizing the market to even the smallest supply disruptions; but taxes are still more (51.2%) of the price of gasoline than that earned by everyone from the retiree who bought stock, the geologist that found the oil, to the clerk that sold you your last tankful.

    http://www.fiscalaccountabili...

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  • ..::loc... garyt212 2012/08/16 12:20:31
    ..::localeye::..
    complete idiotic, moron....

    haha...good one.
  • RTHTGak... garyt212 2012/08/15 15:23:28
  • Sopinum 2012/08/15 04:29:29
    Yes
    Sopinum
    Also due to the ridiculous amount of traffic that's here.
  • Constitution Believer 2012/08/15 04:20:54
  • garyt212 Constit... 2012/08/15 05:03:38
  • Ken garyt212 2012/08/15 10:07:33
    Ken
    You are ignoring peaks and valleys...when Bush took office in January, 2001 gasoline was $1.49. It reached a peak of $4.11 in July, 2008. As the summer driving season ended it dropped a little to $3.75 in September.....and then Lehman Brothers failed and the economy went into a tailspin....October, 2008 gasoline is $3.11/gal, November, $2.21, December, $1.75 as Obama takes office the price stabilizes and gradually rises with the improving economy but to date it has not reached the highs seen during the Bush administration.
  • ..::loc... garyt212 2012/08/15 14:20:13
    ..::localeye::..
    that chart is funny...conveniently forgot that $4.12 peak in May 2008.
  • TruXter ..::loc... 2012/08/15 16:33:51
    TruXter
    and the drop to $1.80 in 08 ?

    gas price 2008
  • ..::loc... TruXter 2012/08/15 16:41:25 (edited)
    ..::localeye::..
    true...those world markets are crazy like that.
  • Constit... garyt212 2012/08/16 19:48:02
  • Ken Constit... 2012/08/15 09:55:08
    Ken
    +1
    You are absolutely right about the price. Early in 2008, prices approached $5/gallon. But having been a long term prognosticator of oil and gasoline prices, I don't think the election had anything to do with the fall in prices. Prices dropped, and dropped dramatically, for one reason, the economy fell through the floor. Since 2008, gasoline prices have mirrored economic activity. And so the presently high gasoline prices tell us the world wide economy is recovering still further.

    This tight coupling of gasoline prices to economic activity will break down in the near future....my best guess is 2016 when new supplies of oil will create an oil glut driving prices down to between $3 and $4 per gallon...perhaps even lower.
  • Constit... Ken 2012/08/16 20:00:00
  • Ken Constit... 2012/08/17 04:09:05
    Ken
    The records for average prices are available on-line back to 1993 at this web site http://www.eia.gov/dnav/pet/p...

    My personal experience with gasoline prices extends back to the late 60s. During my MBA, 1979-1980, I did a paper which described the drivers behind oil prices which evaluating the elasticity of supply and demand with price over time. This led me to predict the 2008 price peak in 2004. and now leads me to expect a glut beginning in 2016 although you won't see anyone calling in a glut before 2017 or 2018.

    As for people holding 2 jobs...that is a choice. Our generation chose to have bigger houses, bigger cars, and more gadgets than our parents. My wife only worked occasionally and the when I have held two jobs it has been by choice not economic necessity. .... of course, my needs are simple.
  • Constit... Ken 2012/08/18 02:51:22
  • lucythetooth 2012/08/15 02:48:33
    No
    lucythetooth
    +2
    I'm driving the same amount I always do. Still have to go to work and get groceries and run the kids around, no matter how much gas costs.
  • Pam 2012/08/15 01:53:37
    Yes
    Pam
    The gas prices should go down due to election year.
  • Squatch 2012/08/15 00:54:39
    No
    Squatch
    No - but we do own 2 hybrids instead of an SUV. Both Honda Civic Hybrids use about half the gas of the one Acura MDX we got rid of. My record on a 13 gallon tank is 620 miles.
  • Idiot repubs 2012/08/15 00:17:21 (edited)
    No
    Idiot repubs
  • Pam Idiot r... 2012/08/15 01:52:38
    Pam
    Remember this is election year. Gas prices should be lower than what they are.
  • garyt212 Idiot r... 2012/08/15 05:02:18
  • PM garyt212 2012/08/15 11:51:52
    PM
    +1
    That's funny, where is the $4.50 per gallon part of the chart under Bush? Seems like your source erased part of the chart.
  • DizziNY PM 2012/08/15 12:09:44 (edited)
    DizziNY
    When GWB left office it was $1.78 a gallon.

    2008

    November $2.15 Barack Obama defeats John McCain in presidential race

    December $1.68 Last full month for President George W. Bush

    2009

    January $1.78 Barack Obama inaugurated as president (Jan. 20)

    February $1.92

    March $1.94

    April $2.05

    May $2.26

    June $2.63

    July $2.54

    August $2.62

    September $2.57

    October $2.56

    November $2.66

    December $2.62

    2010

    January $2.73

    February $2.65

    March $2.78

    April $2.85

    May $2.86

    June $2.73

    July $2.73

    August $2.74

    September $2.70

    October $2.79

    November $2.85

    December $2.98

    2011

    January $3.09

    February $3.16

    March $3.54

    April $3.81

    May ...

























    When GWB left office it was $1.78 a gallon.

    2008

    November $2.15 Barack Obama defeats John McCain in presidential race

    December $1.68 Last full month for President George W. Bush

    2009

    January $1.78 Barack Obama inaugurated as president (Jan. 20)

    February $1.92

    March $1.94

    April $2.05

    May $2.26

    June $2.63

    July $2.54

    August $2.62

    September $2.57

    October $2.56

    November $2.66

    December $2.62

    2010

    January $2.73

    February $2.65

    March $2.78

    April $2.85

    May $2.86

    June $2.73

    July $2.73

    August $2.74

    September $2.70

    October $2.79

    November $2.85

    December $2.98

    2011

    January $3.09

    February $3.16

    March $3.54

    April $3.81

    May $3.93

    June $3.70

    July $3.65

    August $3.63

    September $3.61

    October $3.46

    November $3.42

    December $3.27

    2012

    January $3.381

    February $3.64*



    * February 2012 number is from AAA’s National Average Prices.

    http://cnsnews.com/news/artic...
    (more)
  • ..::loc... DizziNY 2012/08/15 14:21:19
    ..::localeye::..
    still never got as high as it did in 2008.
  • PM DizziNY 2012/08/15 21:15:15 (edited)
    PM
    +1
    And so you somehow think Obama is responsible for the price of gas? Read this please. This is from http://www.nasdaq.com/aspx/ma... Please tell me where the government (especially Obama) had any influence on what drove the price of oil up TODAY!!!

    8/15/2012 4:20:00 PM ET
    "...Energy was one of today's main laggards despite crude oil climbing 1.2% to $94.50 and testing levels last seen in mid-May. The spike in crude comes on renewed tensions between Israel and Iran.

    Looking closer at the sector, Contango Oil & Gas (MCF 55.12, -4.76) slid 8.0% after announcing its Chairman and CEO, Kenneth Peak will be taking a medical leave of absence. Other energy names also showed significant losses despite the lack of news driving their declines. Alpha Natural Resources (ANR 6.61, -0.23) was down 3.4% while WPX Energy (WPX 14.58, -0.37) slipped 2.5%. ..,"

    As you can see, the fluctuations on the price of a barrel of oil is solely driven by the market and speculation and fear and any silly thing that Wall Street can use to squeeze one more red cent out of the price of a barrel of oil. For each penny the price of a barrel of oil goes up, the total money made is in the millions due to the millions of barrels sold per day. So as you can see (but may not want to see), tension between Iran and...
    And so you somehow think Obama is responsible for the price of gas? Read this please. This is from http://www.nasdaq.com/aspx/ma... Please tell me where the government (especially Obama) had any influence on what drove the price of oil up TODAY!!!

    8/15/2012 4:20:00 PM ET
    "...Energy was one of today's main laggards despite crude oil climbing 1.2% to $94.50 and testing levels last seen in mid-May. The spike in crude comes on renewed tensions between Israel and Iran.

    Looking closer at the sector, Contango Oil & Gas (MCF 55.12, -4.76) slid 8.0% after announcing its Chairman and CEO, Kenneth Peak will be taking a medical leave of absence. Other energy names also showed significant losses despite the lack of news driving their declines. Alpha Natural Resources (ANR 6.61, -0.23) was down 3.4% while WPX Energy (WPX 14.58, -0.37) slipped 2.5%. ..,"

    As you can see, the fluctuations on the price of a barrel of oil is solely driven by the market and speculation and fear and any silly thing that Wall Street can use to squeeze one more red cent out of the price of a barrel of oil. For each penny the price of a barrel of oil goes up, the total money made is in the millions due to the millions of barrels sold per day. So as you can see (but may not want to see), tension between Iran and Isreal, and health issue of an Oil Exec had influence over what caused the change in the price of a barrel of oil today, not OBAMA!!!
    (more)
  • Idiot r... PM 2012/08/15 12:12:17
    Idiot repubs
    Exactly right, the truth doesn't exist to these liars.
  • DizziNY Idiot r... 2012/08/15 12:08:21 (edited)
    DizziNY
    OK you lie. here where I live it's $3.68 for regular, and $3.75 for premium. Regular was ONE DOLLAR AND SEVENTY EIGHT CENTS when Bush left office. I don't like GWB but be honest.
  • Idiot r... DizziNY 2012/08/15 12:14:00
    Idiot repubs
    Exactly on election day, who do you think manipulates the prices?
  • PM Idiot r... 2012/08/15 21:22:06
    PM
    +1
    He must think the new President comes to the White House on election day, and not Jan 20 of the following year. But, even so, Niether Bush nor Obama have nothing to do with the price of a barrel of oil and subsequently the cost of a gallon of gas. Its Wall street speculators. Read this from http://www.nasdaq.com/aspx/ma...

    8/15/2012 4:20:00 PM ET
    "...Energy was one of today's main laggards despite crude oil climbing 1.2% to $94.50 and testing levels last seen in mid-May. The spike in crude comes on renewed tensions between Israel and Iran.

    Speculatoin and fear of tension between Isreal and Iran pushed the price of Oil up today.
  • Idiot r... PM 2012/08/15 22:35:37
    Idiot repubs
    Thank you, it was much better than I could do on short notice. I appreciate you having the facts.
  • Wretha S 2012/08/14 23:55:26
    No
    Wretha S
    Never drove much to begin with, so no I'm not driving less... part of my job is driving 2 ladies to dr appts and such, so I often get my errands done at the same time while driving their cars, they don't mind, they like the company while they do their shopping at the same time. :)

    Wretha
  • Catita 2012/08/14 23:21:14
    Yes
    Catita
    can't afford to run errands every solitary day of the week, I drive enough to go to work so now I prioritize. CT has the highest gasoline prizes, but 3 miles from my home I get the gasoline almost 35 cents cheaper and that State is MA.
  • us 2012/08/14 23:20:08
    No
    us
    It about the same, since I'm not working, It is shame can't leave gas lower.
  • zcberry 2012/08/14 23:00:11
    Yes
    zcberry
    Hell YEAH!!!!!! Work, home, store......that's it!!!
  • Sedated Whispers 2012/08/14 22:19:35
    No
    Sedated Whispers
    +1
    Wish I could, but Michigan wasn't built that way.
  • Merlin 2012/08/14 20:41:38
    Yes
    Merlin
    We haven't been able to go to un-needed places because we're a rather poor family. -_- it sucks lol
  • garyt212 Merlin 2012/08/15 05:04:43
  • ..::localeye::.. 2012/08/14 20:29:13 (edited)
    No
    ..::localeye::..
    +2
    Life moves on...literally. Driving to Philly from Sarasota FL in 2 weeks to say hey to family. The price of gas does not make decisions for me.
  • Fef 2012/08/14 20:11:00
    No
    Fef
    +1
    just got back from a long road trip...
  • chris.carns.92 2012/08/14 19:20:05
    No
    chris.carns.92
    +1
    When Capitalists are left alone (NO Government interference or regulations) we figure our own ways - I start street riding on a Kawasaki 900 in 2008 as prices were going up them (50+ MPG and it look better than a Prius). Keeps the millage off the truck - but the motorcycle does not do very good at hauling hay.......Gas figures into the equation but it is not the only figure in the equation.
  • Peewee ~PWCM~ 2012/08/14 19:00:16
    No
    Peewee ~PWCM~
    +1
    Where is the public outcry? Where's the poor lady who's pulling tricks to pay for gasoline? How come it isn't plastered all over the news? If it was Bush as President, it would be daily headlines, just before the daily war death toll.

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