Poll: Will Gas Hit $5/Gal by 4th of July?

[thstone]

Do you think that the price of a gallon of gas will hit $5 or more by the 4th of July weekend? Vote now!

[brian325is]

Don't feel bad. Premium is allready $1.50/ litre here which works out to 5.70/us gallon

Wait till anyone from Britain responds.

[Johnny Danger]

It will if Wall Street and Obama Ya Mama wants it to .

[Brucelee]

Originally Posted by brian325is

Don't feel bad. Premium is allready $1.50/ litre here which works out to 5.70/us gallon

Wait till anyone from Britain responds.

That makes me feel so much better.

Huh?

[TWODAN]

OBumma is kicked out of the white house

[thstone]

I felt that it was obvious why gas went to $4.75/gal when Bush was in the White House (Bush familly comes from oil business in Texas) but its not clear to me what's going on now...??

[tonycarreon]

as much as i like to blame bush for things, the president has little control over the price of gasoline.

the commodities market - where oil is bought and sold plays a large part. speculation raises the price of oil that will be sold months from now. there is an ever increasing demand for oil as more and more people move up and purchase vehicles, populations increase the need for mass transit and homes need to be heated. part of the problem is instability in the middle east - where a lot of oil comes from. instability means fear that prices will skyrocket.

OPEC could raise production but they're getting $112 barrel and it's still being purchased (though they've started to voice concerns that it will need to come down soon).

Most of the oil purchased in the US comes from Canada, by the way, but is still bought and sold on the global market. as long as someone is willing to pay the prices, they will stay high.

[Allen K. Littlefield]

Originally Posted by thstone

I felt that it was obvious why gas went to $4.75/gal when Bush was in the White House (Bush familly comes from oil business in Texas) but its not clear to me what's going on now...??

That was your press in bed with the Progressive Dem party. Remember Halliburton, and as you have mentioned, Bush'es 'oil buddies' they constantly pounded on? Now that Bernacke has brought down the value of the dollar it costs more to of them to purchase oil. Oil companies, in spite of years of mis-education, do NOT set the price of oil, the speculators in the market do. George Soros is one of the major players here and he has stated one of his goals is to bring down this countries economy and bust the dollar. This can no longer be ignored. Remember we are loaning Brazil money (your tax dollars that you can so well afford) to DRILL for oil but we have a concerted effort to close down any drilling or new refineries in the USA. This is to ostensibly fund 'green energy'. Also the Fed govt makes about 15% on the gallon of gas so we have a tax increase to offset the extended Bush tax cuts. Oil co only makes around 5%. I am sure the new "investigation" by Holder will solve who is gouging...NOT! So, yes Virginia, govt. has a BIG role in the price of oil. How do you all like the drying up of 'trickle down'?

AKL

[thstone]

Didn't make it. Here are the prices at my local station on July 4th ...

[RandallNeighbour]

Wow that's high. I just filled up with 93 at a Chevron for $3.89 a gallon.

[MUSSO]

try the UK for fuel
about $7 a gallon
you lucky lads in the USA :dance:
musso

[RandallNeighbour]

Musso, your fuel is outrageously priced because of taxes, not actual fuel cost. Take out all the pounds going to the royal till and your fuel prices are actually quite competitive with those found in the USA.

[MUSSO]

you lucky lads :dance: