$3.999

[rpicardi1]

The Liberal News Media have got their wish. At exactly 10.00 AM, all gas stations under the Marathon Monopoly raised the price of unleaded regular to $3.99 and nine tenths. So $4 gas is now here to stay Thank You Can'ts.

Can't drill for oil under the Great Lakes, Canada does. Can't drill for more oil in the Gulf of Mexico, Mexico and China does. Can't build clean coal fired power plants, China builds dirty ones. Can't build nuclear power plants, France and Japan does. Can't build strip mines and produce oil from oil sand or shale, Canada does.

You think that gas is at outrageous levels now, wait until the Can'ts take veto proof control of Congress. Hello rationing, shortages, extreme taxes, terrorist attacks, martial law, double digit unemployment and double digit inflation as history repeats itself.

[pstraten]

Gee,

Whoulda thunk it. The Liberal News Media are responsible for almost everything wrong with your life, and Liberals are responsible for whatever else didn't screw you up. Their power is awesome indeed...

Gotta go watch "Lara Croft, Tomb Raider" as an antidote and make myself feel a little more anesthetized there, Ron.

Have fun today!

P.S,

"the Marathon Monopoly raised the price of unleaded regular to $3.99"

I'll be danged, do you think you might have the germ of an idea there about who is responsible?

[Baldwinbob]

Paul,

Didn't you know that when a democrat is president and the stuff hits the fan it's his fault.

When a republican is president and it hits the fan it's someone elses fault. No "the buck stops here" for them.

Quite amusing actually how they go on.


Bob

[muskokaandtahoe]

Chill Ron. Save your ire for when gas is going to be $5.999 / Gal... which, IMO, will occur before the end of this year.

[rdamurphy]

Gee,

Whoulda thunk it. The Liberal News Media are responsible for almost everything wrong with your life, and Liberals are responsible for whatever else didn't screw you up. Their power is awesome indeed...

Gotta go watch "Lara Croft, Tomb Raider" as an antidote and make myself feel a little more anesthetized there, Ron.

Have fun today!

P.S,

"the Marathon Monopoly raised the price of unleaded regular to $3.99"

I'll be danged, do you think you might have the germ of an idea there about who is responsible?

Paul,

Didn't you know that when a democrat is president and the stuff hits the fan it's his fault.

When a republican is president and it hits the fan it's someone elses fault. No "the buck stops here" for them.

Quite amusing actually how they go on.


Bob

(Robert blows whistle, throws flag) Appeal to Ridicule Fallacy, Paul and Bob, 10 Yard Penalty, it's 2nd down!

[rpicardi1]

Can't drill for gas in Virginia says Congress a few minutes ago.

Also;

Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials.

"The computer that they're upgrading was not designed to go any more than what it's going now, and if you do it, they don't last long enough," Turner said. "They run so fast that the gears are wearing out."

http://www.foxnews.com/story/0,2933,355243,00.html

[rdamurphy]

It's an AP story. Probably isn't true anyway. For instance, it says that semis can't fill up because the pumps only register $99.99. That in itself is ridiculous. Trucks have run 200, 250, and 300 gallons in dual tanks for decades...

Robert

[rpicardi1]

This is a problem that only affects the older gear driven pumps from the few remaining mom and pop stores in small towns - the ones that haven't been driven out of business by the 12+ pump one casher convenience store where they make their profit on the coffee and other junk food that you buy from them on your way to work or home.

The new "Pay at the Pump" electronic ones have no problem registering and tallying high prices. They can also be programmed to Pay First before pumping gas to stop people from driving off without paying, something that is happening a lot lately. They will shut off as soon as what you paid for is reached.

Most pumps are also programmed to shut off at 99 gallons or less as a safety feature. The Truck Stop pumps for diesel are the exception as a fill up there is likely to be 200 to 400 gallons.

Expensive gas is not going to be the only problem. Expect the cost of everything else to go up rapidly as the energy cost gets tacked on to everything that you buy or use.

As far as blaming Democrats for the high cost of energy, everyone knew that this could happen. Yet, Democrats are the ones that kept saying you can't drill for oil, build nuclear power plants, wind farms, build refineries, insisted on having hundreds of fuel blends throughout the country, and have made us totally dependent on increasingly expensive imported oil from countries that are more then happy to fund our destruction with our money. Their solution, tax oil company profits, enact a CO2 tax, push for more ethanol production which has now created higher food prices and spot shortages, and continue to block all efforts to develop our own energy resources.

http://energytomorrow.org/

[rdamurphy]

Interestingly enough, back in the '70's there were similar problems. A lot of stations set their pumps to charge by the half-gallon.

Robert

[Paul1953]

you dont suppose the real culprit is market manipulation?

[rdamurphy]

Nope. The Commodities Market is too big to be successfully maninipulated without someone noticing, and since the Grandstanding Democrats have "investigated" price gouging at least a dozen times in the past 30 years and haven't found anything, I think that the obvious (Occam's Razor) solution is the best one. Demand went up due to the growing economies in China, India, and to a lesser extent, Russia, supply is going down in the Middle East. Saudi Arabia's production has peaked and is starting to fall off, that stuff has to have gas pressure to be pumped, and the gas isn't there like it used to be, so supply is dropping also. The only market manipulation evident is the Democrats' refusal to let us drill in the Gulf, the Eastern Seaboard, the Great Lakes, ANWR, and build new refineries.

And, the market will find a solution, one way or another, and anything the Dems do, like anything else they do, will only make it worse. Which brings me back to the last election, where the Democrat majority is driving down Consumer Confidence and depressing the markets. Yes, attitude has a lot to do with the stock, bonds, and commodities markets...

Robert

[ragtimer]

The problem here is out of anyone's control.It is called China and India.There are 2 billion people there who have woken up to the fact that they can have the same type of lifestyle enjoyed by us in the West.It is going to be a very painful time for us as the World changes and I doubt that those in charge (of any political hue)have any idea of how to deal with it to minimise the impact on us ordinary folks.Old Chinese curse:"May you live in interesting times".We are living in very interesting times now.

[pstraten]

Paul,

Didn't you know that when a democrat is president and the stuff hits the fan it's his fault.

When a republican is president and it hits the fan it's someone elses fault. No "the buck stops here" for them.

Quite amusing actually how they go on.


Bob

Of course Bob, ipso facto and quod erat demonstrandum. Everyone knows who the fault lies with in a Democratic administration. If it happens during a Republican administration, then it's a problem left over and building up secretly and insidiously from some previous Democratic administration.

Obvious and simple, tidy and convenient, just the way conservatives like it to be.

[muskokaandtahoe]

China is now consuming roughly 10% of the worlds production of petroleum and their needs have increased by 87% over 10 years. It will continue to grow. Demand elsewhere in the world has also grown.

As supply has not grown by an equivalent amount and the price of oil is rather inelastic, the jump in price is clearly market driven.

As for manipulating the market, don't overlook the simple fact that the vast majority of oil in the ground is owned by governments, not oil companies, all but one of whom are pumping as much oil as they can (the exception being Saudi Arabia and they too may be pumping at 100%).

If you want to see the price of oil fall, a whole lot of people must stop buying it.

[pstraten]

No doubt about it, Dave,

Too many people are still stuck in the mindset that the world is boundless, or at least immense, and oil is there infinitely for the taking.

Wake up is about all you can say. Aside from the fact that more and more people want more and more oil every day, it is also a finite resource. And not too long from now we will desperately need it to lubricate machinery--not just to burn.