Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:45 PM

GasBuddy News Article

42
votes
Who to blame for the price at the pump? Tough to say

Politifact -- $3.84 a gallon.

Three-eighty-FOUR! For one lousy gallon, one milk jug’s worth of gasoline.

The cost of a fill-up? Don’t even get us started.

Whose fault is it?

Keystone. China. Obama. PolitiFact has heard it all. Since the beginning of this year, we’ve checked more than a dozen statements and ads about gas prices. In most every case, we’ve found politicians oversimplifying their attacks, or just plain getting the facts wrong.

Did you hear the one about the single-day gas protest in 1997 that forced prices down overnight?

Well, it never happened.

In reality, the price of gas is determined by a litany of complex and shifting factors (Brent derivatives, anyone?), few of which you’ll hear mentioned in :30-second political ads.


Read the Full Article

Submitted Apr 30, 2012 By: eromitlab
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Who to blame for the price at the pump? Tough to say Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,069
Points:2,390,890
Joined:Nov 2008
Message Posted: May 4, 2012 7:02:42 AM

HIGuy: if you really believe that, I have some land to sell to you ... in the Everglades along w/ a Bridge in Alaska.
HawaiianGuy
Champion Author Idaho

Posts:12,745
Points:3,846,620
Joined:May 2003
Message Posted: May 2, 2012 8:23:25 AM

Blah, blah, blah. S.O.S.
Vette1967
Champion Author Albany

Posts:9,220
Points:2,056,895
Joined:Jun 2009
Message Posted: May 2, 2012 1:29:13 AM

How about the President that was in office when the first Model T used gasoline.
jetskijerry
Champion Author North Carolina

Posts:7,054
Points:1,536,285
Joined:Mar 2011
Message Posted: May 2, 2012 1:19:08 AM

too high
jetskijerry
Champion Author North Carolina

Posts:7,054
Points:1,536,285
Joined:Mar 2011
Message Posted: May 2, 2012 1:18:56 AM

crooks
HawaiianGuy
Champion Author Idaho

Posts:12,745
Points:3,846,620
Joined:May 2003
Message Posted: May 2, 2012 1:17:42 AM

Who to blame for the price at the pump? Why, it's none other than our Fuhrer-in-Chief, Barack Hussein.
tomok
Champion Author Portland

Posts:46,288
Points:3,126,535
Joined:Aug 2006
Message Posted: May 1, 2012 5:29:29 PM

Who to blame for the price at the pump? --- 'Whom to blame for the price at the pump!'
There is plenty of blame to go around! Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their benefit.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible!
The price of fuel at the pump is too high!
12/22/2012!
sparky808
Champion Author Honolulu

Posts:5,981
Points:1,351,760
Joined:Sep 2011
Message Posted: May 1, 2012 2:26:35 PM

Thank you for posting.
Blismo
Champion Author Arizona

Posts:2,569
Points:498,810
Joined:Feb 2012
Message Posted: May 1, 2012 9:09:45 AM

i can think of a few people to blame
mrpc90
Champion Author Illinois

Posts:11,176
Points:2,692,885
Joined:Dec 2004
Message Posted: May 1, 2012 8:55:38 AM

Democrats are to blame.

They made a huge political deal of gas prices while Bush was in the White House.

Now that things are even WORSE under Obama, they claim that there's nothing that they can do.

WHAT?

I'd LOVE to go back to the days of $2 gas and 4.5% unemployment during Bush's years.
07skydriver
Champion Author Ohio

Posts:6,051
Points:1,714,705
Joined:Feb 2009
Message Posted: May 1, 2012 6:54:51 AM

Just stay home.
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:1,155,040
Joined:Mar 2006
Message Posted: May 1, 2012 3:40:31 AM

If it's not the Bush's fault then how could it be Obama's fault since you guys say Bush couldn't effect gas prices, I guess according to that idea, neither can Obama effect gas prices, Just saying, Fair is fair, right?
tobasco
Champion Author Los Angeles

Posts:7,785
Points:2,716,460
Joined:Mar 2004
Message Posted: May 1, 2012 2:30:43 AM

Whatever.
N5EXY
Champion Author Austin

Posts:8,775
Points:2,289,055
Joined:Jul 2004
Message Posted: May 1, 2012 2:04:16 AM

Blame Bush, of course. Both of them.
apiergallini
Veteran Author North Carolina

Posts:389
Points:275,555
Joined:Mar 2011
Message Posted: May 1, 2012 1:50:33 AM

@coke_kid

False. Check out http://www.eia.gov/analysis/requests/federallands/pdf/eia-federallandsales.pdf and go to the chart on page 3 (fifth page of the document). Look at the "onshore federal" column. You'll see that the lowest number from during Obama's administration is from 2009, at 105 million barrels. That ties with the highest production under the Bush administration, in 2007. The Obama administration beats Bush's in every category - offshore federal, onshore federal, and even Indian lands, along with total production. You might want to actually use facts in the future when making claims.

Also, many of the expenditures under the Obama administration were out of his control. He can't change how much the SSA pays out. Nor Medicare, nor military pensions. You may also recall that there was a war going on when he took office, and the funding of that war goes on his account. The country already had obligations the day Obama took office, and, for most of those, there was little to nothing he could do to change that. For practical purposes, the money had already been spent, but it just hadn't been accounted for yet.

Furthermore, your "sugar" statement doesn't even make sense. The price of sugar is determined as much, if not more, by the supply and demand for sugar. If production of sugar declines, and/or usage goes up, the price of sugar will go up as well. It's simple economics. Spending money doesn't cause inflation. Spending money is a zero-sum game: for every dollar you spend, someone else receives a dollar. The valuation of the dollar is determined by factors such as the supply of money and the creditworthiness of the US. Bear in mind, Republicans cheered when the US's credit rating was downgraded. They were cheering for inflation. Why? Not because it's good for us, but because they want the Obama administration to get a bad rap, so that they can take control of the government. That's like your mother celebrating that your father got laid off because now she'll be the breadwinner in the family. Good for her, but bad for the family. Likewise, good for Republicans, bad for the country.

Finally, if your'e going to say these are the "real" numbers, you might want to cite sources for them. And what on earth are you talking about, no budget in three years? A budget has been passed every year. The President doesn't just get to say, "Here is the budget." He can say what he WANTS the budget to be, but Congress still has to pass it. You may recall learning something about "the power of the purse" back in school....
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: May 1, 2012 1:37:41 AM

blame it on all the smart businesses that find customers who will pay more.
DandyDapple
All-Star Author North Dakota

Posts:715
Points:876,820
Joined:Sep 2008
Message Posted: May 1, 2012 1:35:26 AM

There's more to it than the general public is allowed to know ...
CheeseMan
Champion Author Raleigh

Posts:10,740
Points:1,775,000
Joined:Mar 2005
Message Posted: May 1, 2012 1:35:16 AM

I almost fell down a flight of stairs two days ago. At first I thought it was my fault then I realized that it was George Bush's fault.

I guess the same reasoning holds true for gas prices too.
badspots
Champion Author Houston

Posts:2,105
Points:982,815
Joined:Feb 2011
Message Posted: May 1, 2012 1:32:46 AM

Ok.
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: May 1, 2012 1:32:45 AM

Politicians have a stake in energy. They get money and have stocks. Do youthink they want to slp the hand that feeds them?
granitestater
Champion Author New Hampshire

Posts:12,870
Points:2,199,930
Joined:Oct 2008
Message Posted: May 1, 2012 1:31:20 AM

Way too many people seemed to have asleep during the economics lecture in school. "Speculators" are only investors who hold commodities contracts until they "mature". Sellers (well owners) and buyers (refiners) are the real market force. --duty calls, be back later---
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:1,155,040
Joined:Mar 2006
Message Posted: May 1, 2012 1:29:09 AM

Hmm, a gallon of milk last me about a week and a gallon of gas will last about 20 mins. :-)
2bigtanks
All-Star Author Akron

Posts:772
Points:371,610
Joined:Jun 2011
Message Posted: May 1, 2012 1:25:51 AM

Okay.
TIGERPAW46
Champion Author Florida

Posts:10,441
Points:2,117,230
Joined:Mar 2004
Message Posted: May 1, 2012 1:25:08 AM

We all have our opinions.
granitestater
Champion Author New Hampshire

Posts:12,870
Points:2,199,930
Joined:Oct 2008
Message Posted: May 1, 2012 1:24:19 AM

Blaming speculators for bad prices is like blaming weathermen for bad weather. Speculators buying commodity futures contracts are only gambling on a roll of the dice or the turn of a card. They don't roll the dice or deal the cards. They just win or lose on the outcome of somebody else's efforts...
kcboy
Champion Author Utah

Posts:6,269
Points:2,065,995
Joined:Jun 2005
Message Posted: May 1, 2012 1:23:07 AM

Ok
crreed1
Champion Author West Virginia

Posts:5,026
Points:3,216,610
Joined:May 2005
Message Posted: May 1, 2012 1:22:33 AM

BSS
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:778,235
Joined:Dec 2010
Message Posted: May 1, 2012 1:22:16 AM

Bush!
monarch57
Champion Author British Columbia

Posts:2,461
Points:263,620
Joined:Nov 2008
Message Posted: May 1, 2012 1:21:21 AM

Get rid of the speculators.
fieldt
Champion Author Lansing

Posts:6,605
Points:1,484,325
Joined:Mar 2011
Message Posted: May 1, 2012 1:20:24 AM

Deg +1
otherdave
Champion Author Indiana

Posts:6,671
Points:2,049,090
Joined:Oct 2008
Message Posted: May 1, 2012 1:20:24 AM

BHO, big oil, and speculators.
NorthglennBill
Champion Author Denver

Posts:10,546
Points:2,233,500
Joined:Oct 2008
Message Posted: May 1, 2012 1:20:14 AM

Interersting article but it still doesn't tell us who is to blame. Closest thing it comes to saying is that some of the blame is on speculators.
Double_Golden
Champion Author San Francisco

Posts:4,086
Points:1,154,255
Joined:Aug 2011
Message Posted: May 1, 2012 1:18:49 AM

don't forget SPECULATION...
OGW
Champion Author London

Posts:7,135
Points:2,194,965
Joined:Sep 2005
Message Posted: May 1, 2012 1:17:31 AM

The biggest reason is Wall Street speculators, especially those who never take delivery of product and are only in for money from trading. Obama and the White House are not the culprits.
flahusky
All-Star Author Florida

Posts:733
Points:154,590
Joined:Feb 2011
Message Posted: May 1, 2012 1:17:26 AM

The American citizen for not revolting.
frostyWV
Champion Author West Virginia

Posts:2,340
Points:521,130
Joined:May 2011
Message Posted: May 1, 2012 1:17:17 AM

speculation
flagman420CT
Veteran Author New Haven

Posts:299
Points:1,206,895
Joined:Mar 2011
Message Posted: May 1, 2012 1:17:14 AM

You can't win!!
Bleeder
Champion Author Virginia

Posts:8,121
Points:2,271,865
Joined:Jan 2008
Message Posted: May 1, 2012 1:16:55 AM

State taxes are one of the biggest reasons for the variance (although they don't change daily). Unfortunately we don't use our gas tax dollars wisely.
yakstar
Champion Author Montreal

Posts:5,430
Points:1,233,600
Joined:Jan 2012
Message Posted: May 1, 2012 1:16:51 AM

Use milk instead!
granitestater
Champion Author New Hampshire

Posts:12,870
Points:2,199,930
Joined:Oct 2008
Message Posted: May 1, 2012 1:15:18 AM

The base price of gas is the same everywhere. Why does it vary state-to-state? One word--TAXES!
Bigwaynef
Champion Author South Carolina

Posts:15,575
Points:2,857,605
Joined:Dec 2006
Message Posted: May 1, 2012 1:15:15 AM

Ha, You know it's BUSH'S FAULT!!! I overslept the other day and told my boss why I was late that it was Bush' fault and he excepted it!!!
regout
Champion Author Quebec

Posts:6,175
Points:1,608,105
Joined:May 2010
Message Posted: May 1, 2012 1:15:13 AM

Speculators.
DEG
Champion Author Las Vegas

Posts:20,751
Points:4,246,155
Joined:Jul 2003
Message Posted: May 1, 2012 1:14:54 AM

Obama's EPA is a major reason as is Big Oil.
HEBster
Champion Author Kentucky

Posts:11,901
Points:3,133,840
Joined:May 2006
Message Posted: May 1, 2012 1:14:51 AM

Believe who you want
miser709
Champion Author Grand Rapids

Posts:1,278
Points:1,783,400
Joined:Mar 2004
Message Posted: May 1, 2012 1:14:47 AM

Who to blame for the price at the pump?

Easy one. That would be the one who ends up with our money.
spike43
Rookie Author Buffalo

Posts:12
Points:703,860
Joined:Mar 2011
Message Posted: May 1, 2012 1:14:20 AM

mmmmmmmmmmmmmmmmmmm
jkpsr
Champion Author New Jersey

Posts:5,974
Points:1,628,915
Joined:Jun 2005
Message Posted: May 1, 2012 1:13:59 AM

It is simply caused by loose money and unrestrained investors.
jem069
Champion Author Detroit

Posts:4,585
Points:1,294,160
Joined:Jan 2011
Message Posted: May 1, 2012 1:13:09 AM

Ok
millerin
Champion Author Orlando

Posts:5,042
Points:1,197,050
Joined:Jan 2012
Message Posted: May 1, 2012 1:12:27 AM

hmmm....
Toppers
Champion Author Atlanta

Posts:12,187
Points:3,246,725
Joined:Mar 2005
Message Posted: May 1, 2012 1:09:28 AM

Take your pick...
REVLAW
Champion Author San Antonio

Posts:13,721
Points:2,787,600
Joined:Jul 2007
Message Posted: May 1, 2012 1:09:21 AM

Seems Aviator Rob has taken a note out of the HOs playbook ... lecture folks and divide them without contributing anything meaningful. Through deflection and avoiding responsibility, try to "stay above the fray". Wonder if he learned that in "flight school" or through experience. One would think that with a "bird's eye view" the answers would be apparent and that they would be shared.

About the article, this is a purely political piece in nature at without any attempt to hide. The reason, the HO is desperate as we approach the election and Politico.com is in the tank for the HO. And as much as I don't care what Aviator Rob thinks about my comments, I really don't care about his thoughts either.
Post a reply Back to Topics