Gas prices could rise near $4 mark next spring

If high gas prices are getting you down, you shouldn’t be looking forward to the New Year.

An expiring ethanol tax credit will likely boost gasoline prices at the pump by a nickel on New Year’s Day, and gasoline prices could rise above the $4-per-gallon mark by spring, said Tom Kloza, chief analyst for Oil Price Information Service.

Gasoline at $4 per gallon “is a certainty for a number of states unless we have a financial collapse in Europe or a recession in the U.S.,” Kloza predicted.

Kloza, who monitors gasoline prices nationwide, said prices could rise to the $3.75- to $4.50-per-gallon range built on unseasonably high gasoline prices this year. While $4.50 per gallon is unlikely, Kloza said it is the most “apocalyptic view” of gasoline prices.

Texas gas prices have been steadily falling after peaking near the $4-per-gallon mark this summer. As of this week, Houston drivers are paying on average $3.09 a gallon, more than 30 cents higher than the $2.78 average last year, according to the AAA gas gauge report.

But Kloza said consumers actually should be paying more at the pump, given the current cost of crude oil, which is hovering around $100 per barrel.

“Based on where crude oil prices are, gasoline prices are way too cheap,” Kloza said. “The public is going to believe it, but it’s true.”

Under current crude oil prices, gasoline should be selling around $3.45 a gallon in Texas, Kloza said. He said the price has been tempered by over production by refineries, but the price will eventually correct itself in the New Year.

Bob Van der Valk, a fuel specialist, said all things point to $4 gas this spring.

“We will be starting the New Year with the average price for gasoline $1 per gallon higher than we were at the beginning of this year,” he said. “I am forecasting gasoline prices in Houston to back over $4 per gallon by Easter.”

Gasoline demand has steadily fallen since the summer, and analysts are predicting that will continue in the New Year.

“I think anyone that watches this product – and hears the talk about consumers shopping, or going back to restaurants – has to wonder if they are doing so on foot or carpooling,” Kloza said. “These are very significant year-to-year declines. There is certainly some fatigue there.”

As demand continues to shrink, American refineries have been beefing up their exports of gasoline, diesel and other petroleum products to foreign markets, turning the country into a net exporter of fuel.

The result is that drivers are paying more for gasoline for this time of the year.

“Instead of that product backing up and depressing prices, it’s being sent to other countries,” Kloza said. “It’s good news for the refining industries and their workers and the balance of trade and U.S. jobs.”

80 Comments

  1. luckyone

    Obama will blame GWB.

    #1
  2. chemmajor

    More profits for big oil.

    #2
  3. Gas Fairy

    What a bunch of b.s.! Gas is the biggest rip off out there. Such a scam.

    #3
  4. Thunderbolt

    Kloza predicts $4.00/gal gas prices if we don’t have a recession. Wouldn’t that help push the country into a recession? If some prognosticaters are right, higher gas prices will be the least of our problems. The world enocomy will go bust and gas will cost more like $100/gal at the pump. We’ll be lucky if we can find food to put on our tables.

    #4
  5. w00t

    Thanks Barrack…better to tax the public than shrink your welfare for a Democrat vote program huh?

    #5
  6. Alex

    Mr. Chief Analyst for Oil Price Information Service, why are allowing your name to be shown freely in this article. Now those Occupy protestors will be visiting your home and encroaching your surroundings for speculating….

    #6
  7. yellow journalism lives

    They help raise oil prices and rail agaisnt specific politiacl candidates. How is this a NEWSPAPER anymore?!? The story is that we were pushed into using ethanol and now it costs more than the gasoline that got me higher MPG!! Our gubmint isnt out to help us only help fleece us!!

    #7
  8. Bart-1

    What GOOD NEWS for the economy!! Hail Obama!! 4 MORE YEARS 4 MORE YEARS! (can’t wait for all tose who blamed $4 a gallon gas prices on Bush 2 to claim that this can’t be Obama’s responsibility!

    #8
  9. cxd

    And they will still make a profit even if they sold it at $1.00 a gallon, geezus……

    It could be worse. We could pay what the Euro’s pay per gallon…..

    #9
  10. BOB

    YES YES YES, JUST LIKE OUR COMMIE OBAMIE PROMISED US DURING HIS CAMPAIGN MUCH HIGHER ENERGY PRICES, AIN’T THAT NICE. MAKES ME REALLY HAPPY.

    I ALSO ENJOY PAYING FOR THESE P*NIS PUMPS FOR SENIORS TO THE TUNE OF ALMOST A QUARTER BILLION.

    http://news.heartland.org/newspaper-article/2011/12/06/quarter-billion-taxpayer-dollars-spent-penis-pumps
    THE REVISED COMMIE OBAMIE ENERGY POLICY

    THIS IS YOUR COMMIE OBAMIE SPEAKING. BUY THE NEW COMMIE GENERAL MOTORS CHEVY VOLT THAT HAS THE TAXPAYER SUBSIDIZED 7500 DOLLAR TAX CREDIT. OH AND YOU STUPID TAXPAYERS PAID THE UNION MEMBERS A 4300 DOLLAR BONUS LAST YEAR. YES, AND THEY JUST NEGOIATED A NEW CONTRACT AND THE UNION MEMBERS GET A 5000 DOLLAR SIGNING BONUS. IN ADDITON, HE ALLOWED GM TO OPEN 2 NEW PLANTS IN MEXICO. NOW THAT’S IS GREAT FOR AMERIKAN JOBS – EH!!! YEA AND US IDIOTS ALLOWED COMMIE OBAMIE TO USE OUR BAILOUT TAX MONEY TO DO IT!!!! WONDERFUL.
    MEANWHILE THE EPA IS TRYING TO CLOSE AS MANY COAL FIRED ELECTRIC PLANTS AS POSSIBLE – SO PLUG IT IN IF THERE IS ANY THERE OR IF YOU CAN AFFORD IT. HECK WITH THIS GAS STUFF.
    IN THE MEANTIME THE COMMIE OBAMIE GM HAS HIRED CHINA TO DO ALL OF ITS ELECTRIC CAR STUFF – YES THE CHINESE COMMUNISTS – NOW AIN’T THAT GREAT? SEE HOW MUCH YOUR COMMIE OBAMIE DOES FOR YOU!!!! SEE HOW GOOD THIS IS FOR GREEN JOBS – JUST NOT IN AMERIKA. SHUCKS GM IS NOT EVEN HONORING SOME PRE-BANKRUPCY WARRANTIES AND RECALLS -HAVE SOME APPLE PIE AMERIKAN OWNERS OF GM. IN ADDITION COMMIE OBAMIE HAS APPROVED LOANS TO BUILD AMERICAN CARS IN FINLAND AS A PART OF HIS USA JOBS PROGRAM – AIN’T THAT GREAT?
    REMEMBER FOLKS VOTE COMMIE OBAMIE FOR BEST COMMUNISM OF ALL CANDIDATES.
    SEE THE USA IN YOUR COMMIE OBAMIE CHEVROLET
    http://www.commieblaster.com/obama/index.html
    http://www.nachumlist.com/Socialists.htm
    http://www.aim.org/aim-column/obamas-communist-mentor/

    #10
  11. BOB

    YES I AM A SENIOR AS WELL.

    #11
  12. jscott1

    Let me get this straight…we are importing foreign oil and exporting gasoline?? How can that be profitable?

    Either way $4 gas is a certainty I agree. Can $5 gas be far behind? The Chevy Volt is looking better all the time.

    #12
  13. tboyinhouston

    Just in time for the election ….. hmmmmmmm

    #13
  14. Ken

    unless we have a financial collapse in Europe or a recession in the U.S.,” Kloza predicted.

    HELLO? I have not seen anything to make me believe that we were out of the recession we’ve been in for a few years now????? All prices are rising except for my paycheck. To me, that’s a recession.

    #14
  15. Daniel

    This is a load of cr@p! In 2008, oil was $140.00 per barrel and gas hovered around the $4 mark. Why in he!! does this moron think that gas should be close to $4 with oil around $100.00 per barrel? This makes no sense. This is just another tactic of money hungry investor types to jack up the price of something so as to squeeze everything they can out of consumers. This is the root cause of our global economic problems and I’m fed up with it!! People like this should be put away!!!!!!!!!!!!!

    #15
  16. Jeff

    Good thing all those electric cars are being sold…..

    #16
  17. Ed

    As usual the oil companies get richer and the consumer gets screwed.

    #17
  18. escalab

    So we are using less and having to export but the price is on the way up? That does not sound right.

    Even if we do attribute this to crude pricing we should then ask why is crude so high. Fundamentally it should not be. The problem is that the financial speculators (paper traders) are artificially inflating the physical productions by trading future contracts. There are 7-8 times the amount of paper trades (bets) then there is production for any given month. So basically, by allowing these wall street speculators to trade crude contract for their own benefit it is adversely affecting the rest of the US. Regulate??

    #18
  19. Smilin' Bob

    KY this time and kiss the back of my neck when your done.

    #19
  20. Flippy

    The Liberals are all for high energy prices so they can shove their green ideas down our throats. How about we loan another half billion to Solyndra? Just take a look at Europe and see what all of their green ideas got them.

    #20
  21. Trail_Tramp

    Go buy yourself a Chevy Volt…and a fire extinguisher.

    #21
  22. Joe B.

    Way to be a frickin KILL-JOY,,,right here before the holidays!!!! Guess this report/news couldn’t have waited til after the holidays!!!!!!
    MERRY CHRISTMAS!!!!!!!!!!!!!!
    jbh

    #22
  23. babydolly

    We pay 3.15 a gallon and get ripped off and Kuwait pays about 58 cents a gallon.. Makes me sick..

    #23
  24. James Maxwell

    It would not surprise me in the least, after all obama and his regime of miscreant destroyers have said they would destroy the power producers and
    raise the energy cost for Americans. so far this is the only time he has
    actually tried to keep his word. Also remember well that he bowed to the
    Saudi King and kissed is ring, that indicated that he was subservient to
    his master and would follow his will. Bottom line, between obama, the democrat party, the liberals, socialist and anarchist in America we have
    been sold down the river by these traitors to America and our way of life.

    #24
  25. USMCPOW

    Hope he is better at forecasting gas prices, than the weatherman are the weather.

    #25
  26. micro

    This is BS. This guy is just assisting the speculators in rising the price of oil. By making everyone think that gas prices will rise to $4 the buyers will buy gas now hoping to sell it later at a higher price. The result is that the more people bid, the price of oil will shoot up now. Even the CEO of Exxon has recently stated that gas prices should not be this high.

    #26
  27. Dan X. McGraw

    Micro, it was actually BP’s CEO who said oil prices shouldn’t be so high. I’m not sure any big oil CEO would say that about gas prices.

    #27
  28. LaffyTaffy

    The only reason for the high gas prices is the EPA and the EcoNazzis that lobby the EPA for more and more regulations. To meet the new ever changing EPA standards it costs billions of dollars, I guess you idiots think Big Oil is not going to pass the costs on to the consumers. Idiots every single last one of you. You all are a bunch of oxygen theives pure and simple.

    #28
  29. tanstaafl

    Wow…people upset about $4/gallon gas. I’m sorry to tell you, but average gas prices will continue to rise, year after year, inexorably, as energy demand surges in the world while it becomes more and more difficult to find new oil in the ground. Do not be surprised when gas hits $5, $6, $7 over the next few years.

    We can’t do anything about this in the U.S. Oil is a world commodity. Say hello to the Asian century.

    #29
  30. coker guy

    Refineries are losing money right now; November was a blood bath. I work for one of the Big Oil companies in the downstream (refining) business and it is pretty bad right now. I know most people won’t believe that but its true. Upstream is making good money with oil at $100 but the refineries are getting killed. One of our bigger refineries was losing $800,000 a day for about half of November. Its better now but still negative.

    #30
  31. Adler

    Look at all the comments by people whose reading comprehension equals is nonexistent. This has nothing to do with the oil companies, their profits, or the world market price for oil.

    The article clearly states that the price of gasoline will be going up due to the expiration federal government’s subsidy of ethanol. Normally you liberals whine loudly about federal subsidies, but I guess you really prefer our tax dollars be spent supporting the profitable ethanol industry with government subsides.

    And let’s all review why we even have ethanol in our gasoline. Back in the bad old days, as far back as 1920, oil companies were required to put Tetra Ethyl Lead in gasoline to boost octane for the increased engine power and fuel economy. By the 1970s, since lead was toxic and plugged up catalytic converters it was ordered removed from gasoline. Some major metropolitan areas, LA, Houston, etc. still had problems with smog, so the EPA ORDERED that gasoline sold only in these areas contain an oxygenator.

    The EPA mandated Methyl Tertiary Butyl Ether, aka MTBE or more commonly MBTE. Since MBTE is a form of alcohol, it has the same properties of every other alcohol, including ethanol, that allows hydrocarbon chains to mix with water. Enter leaky underground storage tanks at older gas stations, and the gasoline that leaked into the ground was able to mix with groundwater, a source of drinking water in many areas, thanks to the OH component of the MBTE. So, the EPA ordered that the MBTE, they had previously mandated, be removed from gasoline, plus they held the oil companies for the problems that MBTE created rather than themselves.

    Enter ethanol, an alcohol composed of a hydrocarbon chain with an OH component, making it an oxygenator for gasoline. So far, so good. But, Archer Daniels Midland, ADM, a major corporation and the single largest producer of ethanol, had a few DC politicians in their pocket, including Tom Daschle, the Senate Majority Leader and a DEMOCRAT. ADM convinced Congress through their puppets that they couldn’t produce ethanol economically to put in gasoline. So, Daschle and the other ADM puppets wrote a law providing their ADM bankroll with a federal subsidy that supposedly kept the price of ethanol for fuel sufficiently low. And, you know that ADM turned part of their subsidy income right around and gave it back to their politician puppets as payola.

    Now that subsidy is expiring, and the supposed price of ethanol is going up. The increase will be passed onto the refineries who will pass it onto the consumer. In the end the net difference is ZERO. Why? Because the price by which ethanol will increase was previously being paid every April 15th on your federal tax return. Now, you won’t be paying it in your taxes, but you will be paying it at the pump. It’s merely a case of pay me know or pay me later, but you won’t have the DC inefficiency and payoffs included in the new price.

    Better still would be to get ethanol out of gasoline altogether, we’d see the actual MPG we get in our cars improve. Again, you ask why? Because ethanol produces less energy than gasoline. A blend of ethanol in gasoline reduces mpg proportional to the amount of ethanol in the gasoline. Also, improved MPG means lower annual fuel cost, and more money still in your wallet.

    #31
  32. Earl Richards

    Google the “Global Oil Scam” by Phil Davis. Purchase solar panels.

    #32
  33. dc

    Folks, dont get too upset or partisan. We see these stupid hit and run articles occasionally and all they do is whip up party line hate. One “expert” hardly knows the whole story, but the media is quick to post it front and center headline. Don’t fall for it, don’t play their game.

    The biggest driver for oil (and indirectly gasoline) is energy policy and the falling value of the tangible known as the dollar – both of which are controlled by the legislature and executive order.

    Remember yesterday when “they” said oil will go over $150.00? Another article said oil just dropped below $100. Forget the stupid knee jerk predictions – believe facts.

    #33
  34. rattard

    BOB
    December 9, 2011, 12:27 PM
    YES I AM A SENIOR AS WELL

    Bob, we can tell.

    #34
  35. Ulric

    It’s BS… barrel costs 1-2 years ago hit that ‘cost’ because of BS speculators… then despite oil cost dropping, gas didn’t… but now gas should go up because oil is going up. Smacks too much of smoke and mirrors and market manipulation.

    #35
  36. established.facts

    and we pay more then that here in alaska , …. and look at the oil here .
    well…. they can have their stupid oil… there are those of us that are making our own energy .
    enjoy opec.. hope yall choke on that caviar , cause you aint getting as much as you would like from this family no more !

    #36
  37. Ed C.

    “Gas prices could rise near $4 mark next spring”

    Yeah, thanks for jinxing it, ya putz. ;-)

    #37
  38. Lamer

    More hypocricy from the right wingers. You want big oil to make huge profits but you hate Obama when oil and gas prices go up…. which lead to those big profits. You say this is Obama trying to kill the oil industry. I don’t see them hurting at all. Higher oil and gas pries only HELP them.

    Gas prices are SPECULATED to go to $4 and you think it’s Obama’s fault.
    When gas prices went PAST $4 and Bush “hadn’t heard that.” There wasn’t a peep from the right.

    Under Obama, we’ve produced more oil than ever before and are now EXPORTING gasoline. Something we haven’t done in decades.

    The “analyst” in question here is saying that part of the reason prices will go up is because the ethenol subsudies are coming to an end. This is something REPUBLICANS have wanted.

    Bottom line, this analyst is most likely wrong. I’ve seen gas for just under $3 at some stations, and as long as we’re exporting the stuff, there isn’t demand enough to raise prices significantly. This, like Goldman Sachs and so many others’ “predictions” is an attempt to scare the markets so the firm can cash in on what may otherwise be a bad investment on their part.

    #38
  39. Mike

    “Gasoline at $4 per gallon “is a certainty for a number of states unless we have a financial collapse in Europe or a recession in the U.S.,” Kloza predicted.”

    Let me see, Europe is collapsing and we’re still in a freakin’ recession. So I guess this story was written to fill an otherwise empty page.

    #39
  40. Betty

    A gas price raise is nothing…have you been to the supermarket lately??
    Seen the prices for milk?? Meat?? Chicken??

    #40
  41. spendmoney

    Now would be a good time for that cheap offshore oil to start getting to the refineries. Some Gulf oil wells have been in production since the early 70’s and that cheap oil should just about start flowing out of the Gulf pipeline this month. I calculate that the Gulf oil will hit the land refineries at 4:14 am on Monday. Once that oil gets there, the oil companies will see “zero” priced oil. That will reflect on our gasoline pump prices by the summer of 2012.

    #41
  42. rbmeoe

    So, basically what your saying is that no matter what we, as consumers, do, the price for a gallon of gas is going to continue to rise. People use more gas, the industry says demand out weighs supply, so the price has to go up. We use less gas : “Gasoline demand has steadily fallen since the summer, and analysts are predicting that will continue in the New Year.” and we are still going to pay higher prices! : “The result is that drivers are paying more for gasoline for this time of the year.” And there are still people out there that don’t think there is a conspiracy by the oil companies against the fuel consumers!! How much more evidence do you need???!!!???

    #42
  43. KaiserM715

    Get Ethanol OUT OF GASOLINE!!

    #43
  44. james

    More campaign donations to Hussein….

    #44
  45. Bryan

    Blame Obama?

    Get real…

    #45
  46. Rick

    When all out war breaks out in the Middle and spreads throughout Europe and Asia, gas will be much more than $4.00 per gallon. If you think that’s bad, wait until you see the increase in food prices, for the food that’s left and edible.

    #46
  47. Yawn

    What a bunch of pathetic crybabies blaming this on President Obama. It’s the market, stupid! And, it’s no one but your own fault driving that Ford F250 and living in the suburbs which consumes more oil. You people seem to forget that it was $4 during Dubya’s H. Katrina plan.

    #47
  48. Marko

    God, this is getting down right annoying. Every year there is talk of how gas “may go up to $X a gallon”. Give it a rest–there is not way to predict fuel usage. Remember when gas was $4 a gallon four years ago because of China’s mass increase in fuel use? Talk then was that it wouldn’t stop until it hit $8 a gallon. Yet here we are at $3 a gallon. And someone will post some explanation as to why gas has gone down. Then someone else will post a theory as to why it “may” go up, and the news media will latch onto that as they have done here.

    #48
  49. Paul

    this is crazy.

    #49
  50. Tax natural gas, oil and products from being exported there ya go.

    #50
  51. Ivar

    As demand continues to shrink, American refineries have been beefing up their exports of gasoline, diesel and other petroleum products to foreign markets, turning the country into a net exporter of fuel.
    ===
    Net result of all those manufacturing jobs going to China… they are competing to buy our oil with the dollars that they get from those jobs. If the chinese are willing to buy at $4/gal, then you are likely going to see $4/gal here.

    #51
  52. Rich & Whiney

    If you complain about gas, then you can’t afford a car. Do you want to be the immature whiney person or a bus riding gentleman?

    #52
  53. BoomOrBust

    Another article on high gas prices…I’m yawning already.

    #53
  54. Where is robin hood at when you need him?

    #54
  55. Tony

    Its time to go buy a horse

    #55
  56. rts

    Usage has gone down because new cars are getting better mileage every year. Cars now being junked are mainly from the late 80′s to the mid 90′s a lot of them are suv’s that got 10-13 miles a gallon. The new one get 50-75% or more, MPG. I have a 2012 Ford Explorer that gets 22+ MPG on average. One from the mid 90′s got 13 at best. Boeing 787 uses at least 20% less fuel per passenger mile. We can drive more miles or fly more planes, but fuel economy is growing faster than consumption. Some estimates say that by 2020 we could be using 35% less liquid fuel than we are now.

    #56
  57. Mike

    Does this mean you are giving Obama credit for the low gas prices?

    #57
  58. spencer

    More profit for big oil?! It says right in the SECOND sentence that the rise will be due to an expiring ethanol tax credit. We will be taxed more, on an additive we have no choice in using, which now some research suggesting that it may worse for the enviroment, (http://www.startribune.com/local/38839542.html), than gasoline. This means more money for the government, not that spooky boogie man, “big oil”.

    #58
  59. MrOldMan

    Who let all the conservatives out of their cages? I wish that wouldn’t happen. It dumbs-down everything we would like to discuss.

    #59
  60. MrOldMan

    Here’s the deal – we (tax payers) pay for subsidies to farmers to grow corn for ethanol, to make cheaper gasoline. But instead of selling it to us – cheaper – as intended, they sell our subsidized fuel overseas. Meanwhile, all that corn used for ethanol drives up the price of food. Politicians make money, growers make money, refiners make money, oil companies make money – and, of course, we pay the bill. Enjoy your high gas prices knuckleheads. My electricity is free.

    #60
  61. Mike

    And in other breaking news, water is wet….

    #61
  62. M

    Oil has become an investment vehicle for investment banks to make money trading. It has lost any bearing to actual supply and demand. Demand for gasoline has dropped in the US and Europe substantially since 2008. This has been a rather permanent drop as people have purchased more efficient vehicles (cash for clunkers) and lost jobs so they don’t drive. Unless there is a big increase in the economy, demand will not pick up. Investment banks trade 12 times the volume of actual deliveries of oil via contracts as reported by the head of the CFTC earlier this year when he proposed limits on trading. These contracts are trading at $100 and light sweet crude will be delivered at these prices. The refiner has to pay this price for the raw material but the consumer will not buy enough finished product to compensate for the cost. Since these are investments now and no longer priced based on supply and demand, they move along with other economic news and track quite closely to the stock market. Investment banks are now the biggest traders of oil contracts NOT oil companies.

    #62
  63. Donald

    Back when the oil companies started this crap, my little snitch inside told me they would be raising and lowering the price until they finally settles of double of the amount at that time of around $1.73…Now here we go! The nation needs to stop the three octane fuel ripoff and go with one grade only. Gas prices would have to drop due to a rocket in profits…We are paying for crap we do not need.

    #63
  64. ntangle

    oxygenator [ok´s?-j?-na?tor] an apparatus by which oxygen is introduced into the blood during circulation outside the body, as during open-heart surgery.
    http://medical-dictionary.thefreedictionary.com/oxygenator

    #64
  65. Oil price and gas prices are controlled by speculators on wall street.
    this is the biggest scam ever put on the american people.. the speculators drive the price up moving nothing but paper form dest to desk and never have any intention of taking delivery of any oil… the tankers are sittin full of oil offshore and are never counted in any inventory..

    SUITS SITTIN IN NY WALL STREET ARE CON MEN…BUT ITS BIG BIZ AND BIG GOV ALL CONTRIBUTING TO ELECTION CAMPAIGNS OF CROOKED POLITICANS WHO CONTROL THIS SCAM…. THEY CHANGED THE RULES SEVERAL YEARS AGO TO PLAY THIS PERPUTATE THIS SCAM ON AMERICANS……..
    SUITS PRODUCING NOTHING JUST MOVING A PILE OF PAPER AROUND PRODUCING PHONY SALES THAT DO NOTHING BUT CREATE A FALSE MARKET THAT IS NOT THERE… THE DEMAND FOR OIL PRODUCTS IS ACTUALLY DROPPING WORLDWIDE AND A REAL MARKET WOULD REFLECT THAT RISE AND FALL OF DEMAND…. BUT NOT ANYMORE. ITS THE SAME WAY THEY PRINT PAPER, MORTAGES, AND PHONEY PAPER THAT HAS CREATED PHONEY WEALTH THAT DOES NOT EXIST IN THIS COUNTRY AND ITS ALL BS. THEY HAVE US BURNING CORN IN OUR GAS TANKS AT OUTRAGEOUS PRICES JUST TO KEEP FARMERS AND MIDDLEMEN RICH INSTEAD OF FEEDING THE HUNGRY… DRIVING UP CORN PRICES……..

    #65
  66. JUST GO TO http://WWW.STOPOILSPECULATORS.COM AND IT WILL TELL YOU THE WHOLE STORY ON TH SCAM

    #66
  67. jtmtj

    It’s been almost $4.00/gallon here in southern California(LA)for months. If the rest of you have been paying, substantially, less than that, you should consider yourselves lucky. I’ll start to worry, when it passes $4.50/gallon, heading towards $5.00.

    #67
  68. Muzz

    Increases in fuel prices will increase prices in everything, except wages.

    #68
  69. tom works for the oil company

    #69
  70. tom is not credible

    #70
  71. bill haight

    Come on people how long are we going to pay these prices when we 300 years worth of oil underground and the wells are just caped all we have to start pumping WE CAN’T TRUST OUR GOVERMENT TO HELP WE HAVE MUSLIM PRESIDENT AND HE NOT GOING TO DO ANYTHING AGAINST HIS FELLOW MUSLIN LEADERS SO UNLESS WE STAND UP AND DEMAND LOWER PRICES AND USE OUR OWN OIL OR WE WILL NEVER GROW AND WE WILL BECOME OTHER ENGLAND 2 CLASS TO THE REST OF THE WORLD ARE YOU NOT TIRE OF GOING WITHOUT JUST TRADING DOLLARS TO GET TO WORK AND HAVE LOWER TYPES OF FOOD FOR YOUR FAMILY ITS CHRISTMAS AND JUST THE OIL COMPANIES AND A FEW OIL BROKER TO CHRISTMAS (THEY DON’T HONOR CHRISTMAS)SO LETS STAND UP AND TAKE OUR COUNTY BACK BECAUSE IF WE DO NOT OUR CONGRESSMAN AND SENATORS WONT THEY GET TO MUCH MONEY TO PLAY BALL WITH THE OIL CO.S

    #71
  72. bigrig

    the commodities futures moderization act controlled the prices of commodites such as gas etc. it was done away with under bush and now without this regulation our commodities are just another play ground for wall street to rip off americans by running up oil prices and other commodities ie food electricity. Sen Phil Graham was responsible for doing away with regulation set in place to keep this from happening and now he is a lobbyist in washington this is why i do not like congress being lobby by special interests legally paid under the table for a legislation term limits is the next step to put this nonsense to and end.

    #72
  73. bill

    Never used to be a fan of alternate-energy vehicles…but now, I just cannot wait for the day this country can tell the Arab oil cartel to go to hell, we don’t NEED yer stinkin’ oil, thank you! We’re quite happy with our hydrogen, natural gas and electric cars, so go find money to fund your terrorist jihad against Western culture somewhere else!!

    #73
  74. bill

    I wrote “Call it anything you wish, but DO NOT call this a “skill”. It is a sad commentary on the state of the media, and of black culture, that THIS is praised as “talent” and achievement. HELLO!!!! Does ANYONE besides me see the absolute, pathetic ABSURDITY in this????????”

    I FORGOT TO INCLUDE AMERICAN OIL COMPANIES AS WELL!

    #74
  75. mark

    lets vote obama out along with the rest of congress.

    #75
  76. Pat

    Utterly Amazing ! So many misguided people still throwing the blame at the president when the facts all point to 8 years of the Bush administrations deregulating of just about every industry that was held in check to keep what is now being experienced from happening .
    Hitler and the Nazi party used the same tactics in it’s rise to power and the outcome is now history . Will the Republican Party and those that spew the lies and purposely twisted stories to suit their own agenda bring about the same ? I certainly hope so ! Because the only way to rid anything of cockroaches is extermination ! And guess who the cockroaches are this time !

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  77. mike

    Speculate much ?

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  78. It is time to turn the U.S. into an economy run on alternative energy! Dick Cheney and his oil demons have stolen enough of our money!!!

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  79. JOE

    The easiest way to minimize the annual spring / fall price spikes is to get those “boutique” fuel grades minimized to a single grade, or at least very few. That action eliminates the required “shortages” as tanks have to be drawn down twice a year. Also, few grades makes the distribution of fungible fuel easier and promotes competitive pricing. Your Congress CAN get this done – if they really wanted to do it.

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  80. Brian

    For all of you out there that feel that ‘big oil’ is the culprit here, the solution would be easy. People have the power, not the companies. Don’t like what they are doing, refuse to buy gas for a period of time. Once they see their profits going down, even for a day, you may see something come out of it.

    For all of you that feel that the government is to blame, I would agree. When Obama pretty much strangled the oil industry we relied on imports. Importing is always more expensive, and we pay the price. Couple that along with excessive amounts of taxes on this stuff and that leads us to where we are today.

    To counter all of those arguments about speculator I will say the this. Back in the days of Bush (which I know many of you hate) there was a nice little spike we had. Once he announced that he was going to turn the drilling companies loose, you saw a near immediate fall in prices. So why can’t our lovely president do the same? The answer is this, for whatever reason he is ‘green energy’ obsessed. Allow gas and electricity to get out of control to make the ‘green’ items more attractive. It’s all a huge scam by the government. It is hard to say who is wrong when everyone is pointing fingers, but there is some information available to those who look.

    FYI, I am a conservative and will be to the day I die. This Obama economy is completely horrendous and if we give this guy another 4 years, a lame president at that, what more can he do. Right now the only real chance we have at a recovery lies with the Republican party, and God knows I hope they don’t mess it up. Many might disagree with this, but we all know, if a country is in a recession/depression the worst thing you can do is cause prices to rise. There are many things that can be done/undone to creative jobs it just takes a will to do it. He is not willing.

    FYI a government jobs isn’t a job :) A government job is only a tax increase on tax payers. A private sector job is a real job because the government doesn’t have to pay the wage, and the taxes reaped from the wage is a profit for government. That’s my lil rant, hope you enjoyed.

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