Yup, record August prices have been reached for gasoline.
Of course every time the prices went up --even a little bit-- under the previous administration it was always BUSH'S FAULT and somehow CHENEY WAS PROFITING and the BIG OIL companies were making WINDFALL PROFITS . . . blah blah blah.
Now we have new record August prices and its not news?
Obama has been strangling oil production on Federal lands, has choked off new pipelines, and prices are going up. The ONLY bright spot is the profit inspired private sector which is drilling like crazy on private lands and producing some oil and gas. I'm sure if Obama could strangle that production he would, but even he can't figure out how to stop that.
http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2012-08-20-11-19-24
So where is the media that was blaming BUSH and OIL COMPANIES for prices increases? Why is this not being blamed on Obama?
Of course every time the prices went up --even a little bit-- under the previous administration it was always BUSH'S FAULT and somehow CHENEY WAS PROFITING and the BIG OIL companies were making WINDFALL PROFITS . . . blah blah blah.
Now we have new record August prices and its not news?
Obama has been strangling oil production on Federal lands, has choked off new pipelines, and prices are going up. The ONLY bright spot is the profit inspired private sector which is drilling like crazy on private lands and producing some oil and gas. I'm sure if Obama could strangle that production he would, but even he can't figure out how to stop that.
http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2012-08-20-11-19-24
Aug 20, 4:01 PM EDT
SUMMERTIME BLUES FOR DRIVERS: GAS AT AUGUST RECORD
BY SANDY SHORE
AP BUSINESS WRITER
U.S. drivers paid an average of $3.72 per gallon on Monday. That's the highest price ever on this date, according to auto club AAA, a shade above the $3.717 average on Aug. 20, 2008. A year ago, the average was $3.578.
More daily records are likely over the next few weeks. The national average could increase to $3.75 per gallon by Labor Day, said Tom Kloza, chief oil analyst at Oil Price Information Service. By comparison, gas prices stayed below $3.70 in late August and early September in both 2008 and 2011.
. . .
Higher gas prices aren't what the sluggish economy needs, since any extra money that goes to fill gas tanks doesn't get spent at movie theaters or restaurants.
Retail gasoline prices have risen nearly 12 percent since July 1 because of higher oil prices and problems with refineries and pipelines that created temporary supply shortages in some regions. An increase in the price of ethanol, which is blended into gasoline, was also a factor. . .
SUMMERTIME BLUES FOR DRIVERS: GAS AT AUGUST RECORD
BY SANDY SHORE
AP BUSINESS WRITER
U.S. drivers paid an average of $3.72 per gallon on Monday. That's the highest price ever on this date, according to auto club AAA, a shade above the $3.717 average on Aug. 20, 2008. A year ago, the average was $3.578.
More daily records are likely over the next few weeks. The national average could increase to $3.75 per gallon by Labor Day, said Tom Kloza, chief oil analyst at Oil Price Information Service. By comparison, gas prices stayed below $3.70 in late August and early September in both 2008 and 2011.
. . .
Higher gas prices aren't what the sluggish economy needs, since any extra money that goes to fill gas tanks doesn't get spent at movie theaters or restaurants.
Retail gasoline prices have risen nearly 12 percent since July 1 because of higher oil prices and problems with refineries and pipelines that created temporary supply shortages in some regions. An increase in the price of ethanol, which is blended into gasoline, was also a factor. . .