Gas Prices still falling, must be Obama's fault

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posted on Dec, 16 2012 @ 10:20 AM
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YES!!!! Low gas prices mean we are about to collapse! Its like living in idiocracy!




posted on Dec, 16 2012 @ 10:24 AM
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Gas should not be as high as it is, we are being gouged!


www.theblaze.com...



posted on Dec, 16 2012 @ 10:27 AM
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reply to post by NinjaKitteh
 

Usually, how it is supposed to work, demand drives price. Lately there has been less demand world-wide for oil. That usually is a sign of economic slowdown globally when it happens. Sometimes lower prices don't always translate into better times.

The world will be a better place when there is really cheap abundant renewable energy.

U.S., OPEC cut global oil demand estimates



(Reuters) - Global oil demand is looking weaker than previously forecast as the slowing economy continues to weigh on consumption, according to monthly reports released on Wednesday by the U.S. government and OPEC.
edit on 16-12-2012 by pavil because: (no reason given)



posted on Dec, 16 2012 @ 10:28 AM
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reply to post by NinjaKitteh
 


During the October 15th debate didn't Obama claim , when asked about high prices, that the reason they were low before he took office was because "economy on verge Of collapse"?

Lets hope that we are not on the verge of collapse now.



posted on Dec, 16 2012 @ 10:36 AM
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I thought I would add a thought to the discussion as it goes on here. Some seem adamant that the President all but sets the price of a gallon of gasoline with his morning coffee ... while another extreme seems to think the President has absolutely nothing to do with gas prices and is as surprised as everyone else when it goes up or down.

I think both extremes are laughably ignorant.

Now to use an extreme example.....if the President ...ANY PRESIDENT...(Nothing here is Obama specific) were to set up events so Iran put a missile into the side of an Oil tanker...as the threat carried very real during the 80's and the U.S. Navy escorting tankers to prevent it.....Gas prices would rise within hours. The 30 days from ground pump to gas pump and the lag of price effect all just vanishes when events spook speculators and markets react to headlines.

Presidents..and ESPECIALLY the last couple on this point, influence if not control headlines. Headlines define market attitudes and market attitudes define speculative price variation. In the Oil markets, speculative price variations can have pump impact the SAME DAY or a day or two out depending on HOW serious a speculative change may occur. All this, again, starting from the headlines that Presidents can and DO influence at best or control at worst many of the headlines the market people read too.

..and that is the story of how a U.S. President impacts the price we pay the nice lady at the Gas Station for each gallon of go-juice.



posted on Dec, 16 2012 @ 12:09 PM
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This thread is about how people attacked and blamed gas prices on the President in order to try to get people to vote for their candidate instead. Now that the prices on gas are falling, they have lost that issue that they grasped so tightly. They ranted and raved about "wait until after the election and the gas prices skyrocket, then you'll be sorry you didn't vote for who we said to vote for".




I think it's still a little early to give blame or praise to any president this early in the game.

He just took office for a second term, give him a chance. Let's see how gas prices are affected after Jan 1 2013.



posted on Dec, 16 2012 @ 12:13 PM
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Originally posted by jough626




This thread is about how people attacked and blamed gas prices on the President in order to try to get people to vote for their candidate instead. Now that the prices on gas are falling, they have lost that issue that they grasped so tightly. They ranted and raved about "wait until after the election and the gas prices skyrocket, then you'll be sorry you didn't vote for who we said to vote for".




I think it's still a little early to give blame or praise to any president this early in the game.

He just took office for a second term, give him a chance. Let's see how gas prices are affected after Jan 1 2013.


Actually, he's not sworn in to his second term until January 21st




edit on 16-12-2012 by NinjaKitteh because: (no reason given)



posted on Dec, 16 2012 @ 01:18 PM
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reply to post by NinjaKitteh
 


That son'o'va'biscuit!
Dang liberal bastage lowering gas prices.
Who does he think he is.



posted on Dec, 16 2012 @ 01:57 PM
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There is NO SUCH THING as a Fuel or Oil shortage. There never has been nor with there be in the forseeable future. Just look at the BILLIONS of gallons of fuel the airlines consume each day worldwide, not to mention the BILLIONS of gallons consumed by the US military on a daily basis. To put it into prespective, take into consideration that just one commercial airliner uses more than 30 THOUSAND gallons of fuel to make a round trip flight between New York and London. And that happens how many times a day???



posted on Dec, 16 2012 @ 04:17 PM
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Gas prices shouldn't be any more than about $1.20/gal and no price over 2.00/gal will ever impress me again.



posted on Dec, 16 2012 @ 11:00 PM
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Originally posted by timetothink
Yahoo lies.....

Still paying $3.78 a gallon.

End of bush's term prices were around $1.60.......there's your reality check......bama still sucks.


Was their article about the cost of gasoline per gallon where you are, or was it possibly about the national average for a gallon of 87 octane? Also, while I don't entirely blame Bush and his congress for the economic collapse which led to tanking gas prices right at the end of his appointed term (see what I did there? Heh), if you look at his average cost per gallon, compared to Clinton's (inflation-adjusted), you'll see the big difference.

Here's the major factor: Debt to GDP. That's the main influencer in the value of the dollar. Over the past several decades, debt to GDP tends to trend upward during Republican administrations, and downward during Democrat administrations. The rocketing upward trend of the Bush admin slowed during Obama's first few years, and turned around in his 4th. What you're seeing now are the signs that the dollar is expected to continue to strengthen (yes, yes, I know those guys trying to sell overpriced gold tell you otherwise.)

Watch and learn, as the next 4 years (probably at least the next 12-16) sees a downward Debt:GDP ratio, a strengthening of the USD, and lowering oil prices (tempered by increased demand, of course.)

When investing (or sports gambling), it's always best to assume the general public is wrong, and the "big boys" are right. After all, they're the ones pulling the proverbial strings.



posted on Dec, 17 2012 @ 03:46 AM
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So, I was curious and googled about the conversion rate of gallon to litres:
1 gal = 3.785 l
1 dollar = 0,76 eur
Here in germany we pay about 1.6 eur for 1 litre.
Do the math, then complain about gas prices again...



posted on Dec, 17 2012 @ 05:02 AM
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reply to post by tianvay
 


Does Germany have oil fields?

America does, and we don't drill enough of them, we buy from people who hate us. If we stop doing that our gas prices would plummet.

You are comparing apples to oranges.



posted on Dec, 17 2012 @ 05:08 AM
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reply to post by dogstar23
 


Yahoo is the one fibbing about prices and saying the president is responsible, not me.

Yes, it was based on national average, which I say they lied about.

I posted the prices and charts for you earlier in the thread....


National average is still 3.54.

Yahoo is biased, they have always been in the tank for Obama.

How is it Bush is NOT responsible for low gas prices during his term, but Obama is responsible for gas prices during his?

And when they were low under Bush, it was because economy was bad, but when they are lower under Obama it's a good thing? See what I did there?



posted on Dec, 17 2012 @ 05:11 AM
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reply to post by NinjaKitteh
 


They aren't any lower where I live.....plus, when someone states flat out that he will make gas cost $5 a gallon, then I don't think it's unreasonable to blame him when the prices go up under his watch.



posted on Dec, 17 2012 @ 06:56 AM
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reply to post by NinjaKitteh
 


I laughed quite a bit at what you wrote. Great post, where could all this 'free' gas be coming from?



posted on Dec, 17 2012 @ 09:08 AM
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Originally posted by timetothink
Yahoo lies.....

Still paying $3.78 a gallon.

End of bush's term prices were around $1.60.......there's your reality check......bama still sucks.


Just curious what state some of you are in that are still high, Im in St. Louis Mo. and I paid $2.82 this past weekend.



posted on Dec, 17 2012 @ 09:54 AM
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reply to post by NinjaKitteh
 


I was under the impression that no president has any power over what gas prices are...if he's done something officially lets see what it is so it can be replicated...are the speculators taking the month off for the holidays? I can't figure out but I'm pleased regardless who's in office...



posted on Dec, 17 2012 @ 10:16 AM
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reply to post by NinjaKitteh
 


You DO know that 9 times out of 10 when something is super cheap for us, another area of the world had to be raped and pillaged for it, right?

Typical smart ass Republican-esque remark, think about the rest of the world before you start getting all high and mighty pitching a tent for YOUR president and what he's doing for YOU.

Think about what he's done to others.

Use.

Your.

Head.
edit on 17-12-2012 by bushmastersix because: (no reason given)



posted on Dec, 17 2012 @ 12:48 PM
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5 year gas price/DOW Average (when gas prices begin to quickly fall, here comes the stock market drop!).

img818.imageshack.us...





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