Gas prices
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A computer glitch caused gasoline to be sold for $1 at a Pasadena gas station. (Johnny Hanson / Houston Chronicle)
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A computer glitch caused gasoline to be sold for $1 at a Pasadena gas station. (Johnny Hanson / Houston Chronicle)
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A computer glitch caused gasoline to be sold for $1 at a Pasadena gas station. (Johnny Hanson / Houston Chronicle)
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A computer glitch caused gasoline to be sold for $1 at a Pasadena gas station. (Johnny Hanson / Houston Chronicle)
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A computer glitch caused gasoline to be sold for $1 at a Pasadena gas station. (Johnny Hanson / Houston Chronicle)
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A computer glitch caused gasoline to be sold for $1 at a Pasadena gas station. (Johnny Hanson / Houston Chronicle)
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Gas prices hovered around $3.35 in Katy. A gas prices war between a Kroger and a Walmart station had sent prices to $3.14 earlier this week. (Johnny Hanson / Houston Chronicle)
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Gas prices hovered around $3.35 in Katy. A gas prices war between a Kroger and a Walmart station had sent prices to $3.14 earlier this week. (Johnny Hanson / Houston Chronicle)
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Gas prices hovered around $3.35 in Katy. A gas prices war between a Kroger and a Walmart station had sent prices to $3.14 earlier this week. (Johnny Hanson / Houston Chronicle)
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Gas prices hovered around $3.35 in Katy. A gas prices war between a Kroger and a Walmart station had sent prices to $3.14 earlier this week. (Johnny Hanson / Houston Chronicle)
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Gas prices hovered around $3.35 in Katy. A gas prices war between a Kroger and a Walmart station had sent prices to $3.14 earlier this week. (Johnny Hanson / Houston Chronicle)
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In this March 31, 2011 photo, a worker changes the numbers indicating gasoline prices on the sign at a gas station in Cranberry, Pa. Retail gasoline continues to set records for this time of year. The national average increased nearly 2 cents overnight to $3.725 per gallon. Pump prices have climbed by more than 65 cents per gallon since January, costing Americans an additional $247 million per day for the same amount of fuel.(AP Photo/Keith Srakocic) (Keith Srakocic / AP)
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A man on a skateboard passes a 76 station with fuel prices in the $4.00 range in Los Angeles Monday, April 11, 2011. With the price of gas above $3.50 a gallon in all but one state, there are signs that Americans are cutting back on driving, reversing a steady increase in demand for fuel as the economy improves.(AP Photo/Reed Saxon) (Reed Saxon / AP)
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In this March 31, 2011 photo, Daniel Dona pumps gas at a Shell gas station in Menlo Park, Calif. With the price of gas above $3.50 a gallon in all but one state, there are signs that Americans are cutting back on driving, reversing a steady increase in demand for fuel as the economy improves.(AP Photo/Paul Sakuma) (Paul Sakuma / AP)
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Gas prices are displayed in Wantagh, N.Y., Tuesday, April 12, 2011. Gasoline pump prices continue to set new records for this time of year. The national average for a gallon of regular rose 2 cents on Tuesday to $3.79, according to AAA, Wright Express and Oil Price Information Service. (AP Photo/Seth Wenig) (Seth Wenig / AP)
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A price board is shown at a Shell gas station in Novato, Calif., Thursday, May 5, 2011. Oil tumbled nearly 7 percent Thursday amid new signs that demand for fuel in the U.S. is weakening. (AP Photo/Jeff Chiu) (Jeff Chiu / Associated Press)
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In this May 5, 2011 photo, the price for one gallon of unleaded regular gasoline is seen on the sign outside a BP gas station in Beachwood, Ohio. Americans are switching to more fuel efficient cars and driving fewer miles, but purchases of gasoline are still gobbling up an increasing chunk of the nation’s pocketbook. (AP Photo/Amy Sancetta) (Amy Sancetta / Associated Press)
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In this photo taken May 5, 2011, a woman fills up her vehicle at an Arco gas station in Mill Valley, Calif. Americans are switching to more fuel efficient cars and driving fewer miles, but purchases of gasoline are still gobbling up an increasing chunk of the nation’s pocketbook. (AP Photo/Jeff Chiu) (Jeff Chiu / Associated Press)
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FILE - In this May 5, 2011 file photo, contractor Mylan Johnson pumps gas into his truck at the Marathon Station in Moreland Hills, Ohio. Consumers spent more on gasoline, clothing and autos in April, pushing retail sales up for a 10th straight month. But much of the gain came from a surge in gasoline prices. (AP Photo/Amy Sancetta, file) (Amy Sancetta / Associated Press)
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Erica Antwi gasses up her car at the Braeswood Shell Station at 8521 Stella Link, Friday, May 13, 2011, in Houston, as people give their opinions about the high cost of gas prices. ( Karen Warren / Houston Chronicle ) (Karen Warren / Houston Chronicle)
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Gas prices at the Valero station on Fresno just east of IH-10 west ranged from $3.68 a gallon for regular unleaded to $3.89 a gallon for diesel fuel. (Tuesday May 24, 2011) JOHN DAVENPORT/jdavenport@express-news.net (JOHN DAVENPORT / SAN ANTONIO EXPRESS-NEWS)
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A car passes gas prices at a filling station Friday, May 27, 2011, in Philadelphia. For every $10 a household earns, almost a full dollar now goes toward gas _ forcing Americans to rethink what they spend on everything else, including the family vacation. (AP Photo/Matt Rourke) (Matt Rourke / Associated Press)
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Gas prices at a Tetco and Exxon on the 10,000 block of San Pedro ranged from $3.73 a gallon all the way up to $4.01 a gallon for super unleaded at the Tetco. (Tuesday May 24, 2011) JOHN DAVENPORT/jdavenport@express-news.net (JOHN DAVENPORT / SAN ANTONIO EXPRESS-NEWS)
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People pass gas prices at a filling station Friday, May 27, 2011, in Philadelphia. For every $10 a household earns, almost a full dollar now goes toward gas _ forcing Americans to rethink what they spend on everything else, including the family vacation. (AP Photo/Matt Rourke) (Matt Rourke / Associated Press)
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In this June 22, 2011 photo, gas station manager Joseph Sublett changes a sign reflecting lower prices in Little Rock, Ark. Wary of a new surge in gas prices, the Obama administration has decided to release 30 million barrels of oil from the country's emergency reserve as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya.(AP Photo/Danny Johnston) (Danny Johnston / Associated Press)
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FILE - In this July 1, 2011 file photo, a man pumps gas at a crowded Shell gas station in Little Rock, Ark. Oil is climbing as analysts ratchet up price forecasts for next year as supplies get tighter.(AP Photo/Danny Johnston, file) (Danny Johnston / Associated Press)
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In this Aug. 15, 2011 photo, a motorist pulls the nozzle out of his gas tank after fueling his car at a station in Augusta, Maine. For the first time in months, retail gasoline prices have fallen below $3 a gallon in places, including parts of Michigan, Missouri and Texas. And the relief is likely to spread thanks to a sharp decline in crude-oil prices. (AP Photo/Pat Wellenbach) (Pat Wellenbach / Associated Press)
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C.R. Martinez (left) takes a photo of the gas price to send to his cousin in California while he brother Ismael (right) looks on after filling their car up with $2.98 gas at a Valero gas station in northwest Houston near W Little York Rd. and T.C. Jester Blvd., Thursday, Sept. 29, 2011.
"We just got back to town from California where gas was $3.89; this is the cheapest gas we've seen", C.R. Martinez said. "I told my cousin he needs to bring his RV to Houston just so he can drive it."
( Michael Paulsen / Houston Chronicle ) (Michael Paulsen / Houston Chronicle)
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In this Oct. 10, 2011 photo, motorists look for an empty gas pump at a Valero gas station in Miami Gardens, Fla. The oil market is choosing to view the barrel as half full, and the price has risen about 28 percent in a month. Should drivers worry that holiday shopping money will instead go to the gas tank? (AP Photo/J Pat Carter) (J Pat Carter / Associated Press)
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Jim Jackson of Stephenville, Texas, fills up Tuesday, Jan. 17, 2012, at a Rudy's Exxon station in Nacogdochoes, Texas. Jackson, who is partners in an oil production company in Stephenville, said increasing fuel prices haven't impacted his driving habits but his lifestyle and spending have changed as he tries to save more for an uncertain economic future. (AP Photo/The Daily Sentinel, Andrew D. Brosig) MANDATORY CREDIT (Andrew D. Brosig / Associated Press)
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LOS ANGELES, CA - JANUARY 18: Gas prices are displayed at a Chevron gas station on January 18, 2012 in Los Angeles, California. Gas prices in California are 34.1 cents a gallon higher than last year and according to some analysts the gas prices could get close to $5 a gallon in some areas during the warm-weather driving season. (Photo by Kevork Djansezian/Getty Images) (Kevork Djansezian / Getty Images)
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LOS ANGELES, CA - JANUARY 18: Gas prices are displayed at a Shell gas station on January 18, 2012 in Los Angeles, California. Gas prices in California are 34.1 cents a gallon higher than last year and according to some analysts the gas prices could get close to $5 a gallon in some areas during the warm-weather driving season. (Photo by Kevork Djansezian/Getty Images) (Kevork Djansezian / Getty Images)
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LOS ANGELES, CA - JANUARY 18: Gas prices are displayed at a Conoco Phillips gas station on January 18, 2012 in Los Angeles, California. Gas prices in California are 34.1 cents a gallon higher than last year and according to some analysts the gas prices could get close to $5 a gallon in some areas during the warm-weather driving season. (Photo by Kevork Djansezian/Getty Images) (Kevork Djansezian / Getty Images)
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LOS ANGELES, CA - JANUARY 18: Gas prices are displayed at a Conoco Phillips gas station on January 18, 2012 in Los Angeles, California. Gas prices in California are 34.1 cents a gallon higher than last year and according to some analysts the gas prices could get close to $5 a gallon in some areas during the warm-weather driving season. (Photo by Kevork Djansezian/Getty Images) (Kevork Djansezian / Getty Images)
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LOS ANGELES, CA - JANUARY 18: Gas prices are displayed at a Chevron gas station on January 18, 2012 in Los Angeles, California. Gas prices in California are 34.1 cents a gallon higher than last year and according to some analysts the gas prices could get close to $5 a gallon in some areas during the warm-weather driving season. (Photo by Kevork Djansezian/Getty Images) (Kevork Djansezian / Getty Images)
Newt Gingrich (AP Photo/Evan Vucci)
TULSA, Okla. — Republican presidential candidate Newt Gingrich is dangling the prospect of gas as low as $2 a gallon if he’s elected.
The former House speaker has spoken in the past of gas dropping to $2.50 a gallon under a Gingrich administration. Monday’s prediction, coming as Gingrich campaigned in Oklahoma, contrasts sharply with rival Rick Santorum, who told an Ohio audience that big-city Americans should brace themselves for $5-a-gallon gas.
Both candidates are citing new sensitivity over rising pump prices to push for relaxed regulation on domestic oil production.
According to AAA’s daily fuel gauge, the national average Monday for a gallon of regular gas was $3.56.
Gingrich and Santorum have been highlighting oil exploration in North Dakota and slamming the Obama administration for delaying a Canada-to-Texas oil pipeline.
Newt is full of methane releasing biofuel. A desparate man who will say anything.
Oh, good grief. Just how stupid does Gingrich think Americans are?
Thankfully, Gingrich nor Santorum will ever be President. Promise the moon Newt…. oh, you did already.
How will he accomplish that, price controls? Won’t that make him a socialist?
Ok COMRADE NEWT & how do you propose doing this?
Even IF he’s elected, it would take years for new production to come online. Some existing leases and lease approvals would come online much sooner, but not new developments.
Gingrich can do nothing about the cost of gas. Beleive me, when people cut back on their driving, the cost will go down. Lower demand, lower price.
He’s grasping at straws. Just another example of another career politician saying whatever it takes to get elected.
well sure it always went down at Dubya and other GOPers election times
And how does Newt plan on controlling the price of a world traded commodity? Hugo Chavez has gasoline in Venezuela going for less than 30 cents a gallon through a national subsidization program. Has Newt been reading Hugo’s play book?
Newt for President!!!!
There is much less chance of a president halving the price of retail gas than a president halving the budget deficit. Both are way beyond the control of a president.
He is a desperate soul if he thinks enough people are going to fall for this line of malarkey to get him elected.
I think he’s been inhaling gas fumes. As if the president has any influence on oil prices. Even with domestic production at the highest levels in a long time, there’s no way the US can be completely energy independent.
wow this sounds like a deal, let me go ahead and elect Newt Gingrich *rolls eyes* Sike!!
It’s time to administer the psychotropic medications.
1,069: The number of rigs drilling for oil in the U.S. this week.
The figure reflects a huge surge in U.S. oil drilling, up nearly 60% in the past year and the highest total since at least 1987, when oil services company Baker Hughes Inc. began keeping track
http://blogs.wsj.com/economics/2011/08/27/number-of-the-week-how-many-rigs-are-drilling-for-oil/
More drilling is not the answer.
First he mentions $2.50/gallon for gas… now it’s down to $2.00.
Looks to me like Newt is getting desperate. The details on how he proposes to do this should be entertaining fiction.
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Newt may now or may soon be APA-certified insane. Perhaps he should go with the “Irresistible Impulse” defense.
“A defense of irresistible impulse asserts that the defendant, although able to distinguish right from wrong at the time of the act, suffered from a mental disease or defect that made him or her incapable of controlling her or his actions. This defense is common in crimes of vengeance.”
[http://legal-dictionary.thefreedictionary.com/Criminally+insane]
He is vengeful if NOTHING else. TRUTH?!?
If you elect “Spendmoney” as your President, I promise you that gasoline will be free. I will give everyone a siphon hose and print maps where the 1% live. LOL
According to Rush Limbaugh this is possible.
Last week Rush was blathering on about how if Obama could make birth-control free he could make anything free. This is because, according to Rush, Obama is a Socialist who trying to take over your daily life and will tell you what to buy and blah, blah, blah.
So now Comrade Newt, through his own words, has exposed himself to the masses for what he is: An Overload who will govern your daily life with an iron fist. At least, if you follow Rush’s logic anyway. Well, Republicans do love a strong leader!
Perhaps Newt’s secret plan for $2 gasoline involves the Federal Government taking over all the oil companies with a state run monopoly. If so he needs to be reminded of a saying from the early 80′s……
“If you like the way the Post Office is run you will love Nationalized Oil.”
LMAO!!!!!!! GOP, just close-up shop already. You’re done.
Laughing so hard at this one, my sides hurt.
So where did Newt “dangle” the idea of $2/ gallon? A GOP Debate? Please list a reference, this isn’t high school English.
Why not $1.99 9/10? It sounds a little better and all the stations already do this.
He doesn’t hint. When Obama came into office he closed the shores of the U.S. that Bush opened. The Atlantic, Ca and Alaska. Then Obama close the Gulf. When the speculators get a whiff of a disruption, the prices go up. If the news is open exploration the price will do down. Or is everybody buying the Obama mantra that oil is bad?
Only way he can do that is Nationalize all the oil companies and subsidize gas.
But Santorum promised gas at $1.75 per gallon! Then Romney promised $1.50! It’s like bid-a-note. The first one that promises 25¢ per gallon is the winner. Yay!
Both Gingrich and Santorum are full of it. The price of a barrel of oil is set on the world market. Gingrich and Santorum are delusional if they believe Oil Companies will sell oil produced in the U.S. to the U.S. markets at a lower rate than they could get on the international market.
Oh ye of little faith!
The USA and the Middle East are not the only ones with oil.
Several years ago, Russia pulled a number on everybody when they suddenly released a bunch of crude, and prices tumbled!
Then there is Venezuela and Mexico as well as Canada.
I’m quite sure that whoever becomes President can easily work out a deal……well…..if they want to deal…..with any country that produces oil!
Let me make my prediction. As the result of this ‘do nothing’ administration, gas prices will be nearing $5/gal by election time. Good luck with the re-election campaign.
About the only he can do this is to go the Obama route and bypass the constitution, congress and senate.
This is the last act of a desperate candidate. Fuel prices are driven by the market, regardless of what conspiracy buffs believe. A president could try to ‘jaw bone’ industry execs into lower gas prices, but chances of any success are highly unlikely. This poor man just wrote -30- to his candidacy.
As much as I would love to see 2 dollar gas, don’t try to sell me something you can’t provide. What are you going to do? Shake the magic gas tree and make it rain?
txloanguy.. explain shell getting permits to drill of the coast of AK, and working on a 2nd permit. Yeah it is all closed down,yeah your right, no drilling anywhere. Not an agreement how to handle drilling in offshore areas and handle spill response.
Bush shutdown FL to protect his brother, bros before national.
Sure Newt… And Obama would quit harassing dieing cancer patients. Anything to get elected. BTW… 50 mpg cars and better is what’s going to bring cheaper pump prices.
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2 sides of the same bad coin. Please support Dr Ron Paul. – runronpaul.com
Newton Leroy Gingrich please. Stop it already
txloanguy, I didn’t vote for Obama…and oil SUCKS.
Do you “like” waking up in the morning and smelling carcinogens?
Do you “like” waking up in the morning and looking at an orangish, brownish, yellowish, grayish colored sky?
Do you “like” the destructive force that widespread oil consumption has been, and is doing every day to our health, our environment and our ecosystems?
Do you “like” the fact that we have to drill holes into the ground all over the world (more or less) to meet global “demand?”
Do you “like” the fact that there is a limited supply of oil, and most of it is oceans away?
Do you “like” doing business with terrorist regimes?
Do you “like” the fact that oil companies are responsible for most of these things, yet they are some of the wealthiest people on Earth?
Do you “like” the fact that oil companies keep lobbying our politicians to keep it that way?
Don’t get me started on cars and roads…
Since Dubya was in office when oil hit near $150 a barrel (currently $104) in ’08 I’m thinking the political party of the sitting White House resident is irrelevant to the issue. The exploding economies in India and china where we continue to send our jobs is the tail wagging the $5-plus-a-gallon dog.
Woof!