GAS PRICES HIT NEW HISTORIC HIGH !!!!! OBAMA CONTINUES HIS WAR ON THE MIDDLE CLASS....

[timpage]

Since you're too dumb to read, I'll post it again:

This month, gas is $3.85, more than a dime cheaper than at this point during Bush's second term when adjusted for inflation.

So, Bush was doing worse on gas prices than Obama at this point in time in Bush's administration. I guess we'll have to see if prices go down by the end of Obama's second term.

By the way, Whirlybird, weren't you the idiot that promised everybody that price of gas would be over $5 a gallon by November of 2012 and that would decide the election in Romney's favor? Or was that one of your idiot cohorts?

Originally Posted by Whirlaway

So when Bush took office (2nd term) the price was $1.85/gallon and $1.84 when he left...zero inflation !!!!!!!!!!!

But Obama takes office and now we have $3.85/gallon after 4 years....109% inflation under Obama !

FACT JACK !

[Whirlaway]

your own facts jack

Originally Posted by Whirlaway

So when Bush took office (2nd term) the price was $1.85/gallon and $1.84 when he left...zero inflation !!!!!!!!!!!

But Obama takes office and now we have $3.85/gallon after 4 years....109% inflation under Obama !

FACT JACK !

[Whirlaway]

Your inflation adjusted numbers are absolutely bogus...............there is no way $1.85/gallon gas in 2009 adjusted for inflation (3% annual for four years) equals $3.85/gal.....

[Texas Contrarian]

Originally Posted by Whirlaway

So when Bush took office (2nd term) the price was $1.85/gallon and $1.84 when he left...zero inflation !!!!!!!!!!!

But Obama takes office and now we have $3.85/gallon after 4 years....109% inflation under Obama !

FACT JACK !

When trumpeting facts, don't you think it's a good idea to provide context when pertinent? Perhaps you would then have more credibility.

You might want to pause for just a moment and recall what happened in 2008. Oil spiked to about $145/bbl midyear, and then dropped precipitously (to below $40 at several points) after the steep downturn asociated with the financial crisis.

The rise since early 2009 is due primarily to three factors:

1. Recovery (albeit weak) from the severe recession.

2. Rising demand from China and other developing countries.

3. Easy money/weak dollar policies which have been in place for at least eleven years. Remember, oil prices in terms of nominal dollars have approximately quintupled in a little over a decade.

During the strong dollar years of the 1980s and 1990s, oil prices remained low. They spiked multiple times during the weak dollar, easy money periods of the 1970s, and from the early '00s through the present time.

[i'va biggen]

Originally Posted by Laz

Clues:
As the value of the dollar falls the cost in dollars of oil increases

If supply increases from whatever source the price will typically fall. If it does not fall it will at least increase at or slower rate or stay stable.

Basic economics.

Something for you to consider.

There are billions if not trillions of dollars worth of oil in reserves in the US that are not being accessed. If technology is developed that replaces the need for oil then that oil will become worth far less. What are we gaining by refusing to monetize that asset when it is worth something. Our current policy forces us to transfer billions of dollars to foreign locations that do not help the US economy.

At the same time we are also taking resources from the US economy to research alternatives to the use of oil and support industries that are not currently economically viable. Wouldn't it be smarter to use US oil resources and the royalties the federal government gets would pay for a lot of research without having to use taxpayer money. This would stimulate the US economy by creating economic activity and fund research for long term alternatives at the same time.

Clue --refinery shut down for repairs.
excuses--changing over to summer blend.

[Yssup Rider]

Originally Posted by Whirlaway

So when Bush took office (2nd term) the price was $1.85/gallon and $1.84 when he left...zero inflation !!!!!!!!!!!

But Obama takes office and now we have $3.85/gallon after 4 years....109% inflation under Obama !

FACT JACK !

dear Jack, please provide the facts. You scream, yell and stamp your little foot. But it's pretty easy to find the truth.

You're just a crybaby on a prolonged tantrum.

or your own sake, STFU!

[WTF]

Originally Posted by CaptainMidnight

When trumpeting facts, don't you think it's a good idea to provide context when pertinent? Perhaps you would then have more credibility.

You might want to pause for just a moment and recall what happened in 2008. Oil spiked to about $145/bbl midyear, and then dropped precipitously (to below $40 at several points) after the steep downturn asociated with the financial crisis.

The rise since early 2009 is due primarily to three factors:

1. Recovery (albeit weak) from the severe recession.

2. Rising demand from China and other developing countries.

3. Easy money/weak dollar policies which have been in place for at least eleven years. Remember, oil prices in terms of nominal dollars have approximately quintupled in a little over a decade.

During the strong dollar years of the 1980s and 1990s, oil prices remained low. They spiked multiple times during the weak dollar, easy money periods of the 1970s, and from the early '00s through the present time.

Don't confuse these fuckers with context ... let them think the president conyrols the price of everything.

[Yssup Rider]

It's easier to attack Obama on everything ... After all, he can take it!

[Randy4Candy]

Your "RECORD HIGH" is for only all of the February 11s on record (as the fine print notes....lol). Chickensh*t, admittedly low-end, but chickensh*t nonetheless. Since you insist on continually trending useless, here's something for you and our readers to actually gather some useful information from.

The pertinent quote from the article is: "This month, gas is $3.85, more than a dime cheaper than at this point during Bush's second term when adjusted for inflation." Be aware that this article was written in September 2012 - thought I'd throw that in there to keep the Teawipes off of the floor and hair from catching on fire.

http://www.mercurynews.com/president...s-prices-obama

^^^^^ Well, timpage, the geniuses missed it the first time....heh heh heh.^^^^^

[CuteOldGuy]

So, inflation going through the roof makes Obama look good? That's typical liberal logic.

[Randy4Candy]

Dammit, C.O. Grits aka "Magic Stove Boy," no wonder they pulled your lawyer card. That's almost as limp as the stuff Trendaway and IBSyndrome attempt to whip out. Just not as hilarious.

Get back to us when, say, gasoline runs up to the equivalent of from $0.24/gal to $2.00/gal, buying it is rationed by even and odd days depending on your license plate number and prime is at 14%. THEN, let's talk about inflaton being through the roof. You gotta be one of those guys in Corneyhole's "Smart Meter" thread linked articles worried about the gumment cutting off their 'lecktricksity.

[Guest040616]

Trendy, while your bitching and moaning why don't you guys pile on the President about the sky high home mortgage rates being charged by lenders?

Geez, those rates were so much lower when GW was Prez. Or were they?

[CuteOldGuy]

There is much more supply of money to lend than there are borrowers. That is why the rates are low. It's part of the Fed policy to keep pumping money into the economy with nothing backing it which is causing the money supply to increase, and the value of the dollar to decrease. If people believed the economy was going to grow, they'd be borrowing like crazy at these rates, but they don't believe that, because it ain't happening.

[cptjohnstone]

Originally Posted by Randy4Candy

Dammit, C.O. Grits aka "Magic Stove Boy," no wonder they pulled your lawyer card. That's almost as limp as the stuff Trendaway and IBSyndrome attempt to whip out. Just not as hilarious.

Get back to us when, say, gasoline runs up to the equivalent of from $0.24/gal to $2.00/gal, buying it is rationed by even and odd days depending on your license plate number and prime is at 14%. THEN, let's talk about inflaton being through the roof. You gotta be one of those guys in Corneyhole's "Smart Meter" thread linked articles worried about the gumment cutting off their 'lecktricksity.

does anybody know what language this is? or is it just babble babble?

[CuteOldGuy]

It's just RaggedyAndy's usual meaningless blather. Nothing new.