By:
bluegal on Tuesday, April 29th, 2008 at 8:30 PM - PDT
Anyone want to take odds on just how low gas prices will drop by Election Day? After all, the day before Election Day 2006 saw the lowest gas prices of that entire year, with prices dropping an average of EIGHTY CENTS a gallon between August and early November. Coincidence?
Open thread below.
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I’m just sick of it all
We need a Summer Holiday from Media Gas Bags.
Btw, Speaking of Travel, Who Says Obama Threw Wright Under the Bus?
I am converting my car to run on bullshit and then voting Republican.
And that’s all I heard from my Republican friends is that gas was down. So it was OKKY DOKKY to vote Republian.
Guaranteed, but the real question is how high will they go first?
I’m guessing $3.50 election day, $3.99 peak.
Of course, anything could happen in the middle east to push them higher.
Don from Canada @ 3:
ROFLMAO
Don from Canada @ 3:
Bumper sticker
$3.75.
It’s already over $4 here in Chicago ($4.25 for super premium high octane ultra clean gas) and it’s gone up at least a nickel daily for a week.
I’m ready to bet we hit $5 by the end of July. Then we’ll get the lie about how “summer gas” production has “caught up” to demand and prices will start to come down to match the rest of the country.
62 days after he declared himself “very proud” and “honored” to the have the endorsement of the End Times Pastor John Hagee, Republican John McCain still has not answered - or even been asked - the question that should concern all Americans:
Does John McCain agree with Pastor John Hagee that war with Iran is the fulfillment of the biblical prophecy of Armageddon?
For the details, see:
“Obama Disavows Wright; McCain Still Silent on Hagee, Armageddon and Iran.”
One thing to keep in mind is that gas prices were also lower during the fall of 2005 as well, and that was not a presidential or congressional election season. It might be in large part a seasonal thing, as prices are higher during the summer with people driving more to vacation destinations and such.
I say they go way up. With OPEC warning of $200/barrel and the Fed cutting interest rates like le crazy, I’m thinking the stars are the limit.
Mccain and Clinton think we should get excited about suspending the gas tax. For every 20 gallon fill up you won’t save enough to buy 1 extra gallon of gas. Obama figures the savings over 3 months will average $25 to 30 over a period of 3 months. He did the math, McCain and Clinton think you’re stupid.
Just think chimpy can’t complete a sentence but that’s all fine and dandy to these nasty repugs. chimpy looks like a lying idiot monkey. To repugs we are mere puppets in the repug’s world.
repugs are rejoicing because they think Sen. Obama “threw his pastor under the bus.” (I wouldn’t use that analogy, but wtf.)
Listen carefully repugs, Sen. Obama doesn’t agree with some of Rev. Wright’s idealism. Sen. Obama didn’t denounce the man. I hope the stupid assholes are satisfied. Total, full of corn, bullshit.
I can’t believe decent folks are allowing turdism. Meaningless bullshit to go on and on. Lapel Pins are bullshit, Rev. Wright does what he does nobody is forcing anyone to listen to his sermons.
repugs forget Obama has an unique background and he is white too.
BTW — Not one of the 24/7 lapel wearers has allegiance to the United States of America. The phony assholes.
Obama has morals and is too sophisticated for the below average repug (caveman mentality.) Sen. Obama has the will of the people in mind first and foremost; he wants the United States to catch up to the 21st century. I want a brighter tomorrow for all, not just for the greedy repugs.
I can’t retain any more turdism! AHHHHHHH!!
Go Obama!
Go USA!
Ron @ 12:
The entire McCain and Clinton campaigns are based on the assumption that the voters are stupid.
The other thing that kills me about the gas tax holiday is it forces more U.S. government borrowing. More U.S. borrowing puts more downward pressure on the dollar, which will inevitably push the price of gas even higher.
unfrozencaveman @ 14:
Yeah, we’re not the stupid ones.
Gas prices also fell before the congressional elections, but the American people weren’t fooled. The American people have this thing figured out by now. As Bill Maher said, “if Colonel Sanders was elected President and the price of fried chicken tripled…I think i’d be a little suspicious. Here is another good article on the election:
http://jviz.blogspot.com/2008/.....obama.html
the fed cutting interest rates makes a decrease in gas prices unlikely.
YourMom @ 5:
Watch what happens tomorrow with the fed interest rate decision. Tomorrow the fed chooses their poison - let the banking system buckle or get inflation under some semblance of control. They can’t do both. It used to be that the Dollar was so dominate that oil producers didn’t care. Now producers like Iran adjust to dollar devaluation by proxy. The fed has more power over the price of gas now than anyone else. This is not 2006.
what do you mean low gas prices?
with bush/cheney positioning another battle cruiser in
the persian gulf, what makes you think we will be getting
any oil when they bomb iran or someone returns this
act with one of their own?
at bush’s press conference today, he was not making a lot
of sense. this bastard is seriously delusional.
Falling gas prices prior to the election: It’s called an in-kind corporate campaign donation to the Republicans.
oh just horse puke wheres it say any of these goobers are going to win!
That reminds me of that commercial where an enraged caveman with a club is just about to strike a badger(?) when it states “I love you” to the caveman, who is freezes with confusion mid-swing. Is the public like that stupid caveman falling for stupid Bush tricks?
YourMom @ 5:
where do you live? i am in seattle and reg is already 3.66/gal
What if we make oil from coal?
Ash”Hussy”Williams @ 24:
it takes too much water.
Touchy subject, but since Black Liberation theology is being spoken of because of the Wright controversy, I cannot help feeling the hypocrisy of the Black church which says it wants unity for the races but overwhelmingly uses the Bible to condemn homosexuality to the point of homophobia, while at the same time not acknowledging the Old Testament advocation of slavery(Canaan, Ham). Cherry picking is what I resent and it’s hypocritical. P.S. I am an atheist, but that’s not relevant to my argument.
dadams @ 23:
I’m in Renton and I paid $3.69 the other day and I’ve seen it higher at some stations.
Ash”Hussy”Williams @ 24:
it would cost fifty five dollars a for a barrel of oil made from coal , ant no profit in that!
I just want to see even one attempt to justify the outrageous price hikes coupled with the even more obscene profits the oil companies are reporting.
I force myself to check in with the MSM and I’m astonished at the lack of even the most trivial attempt to explain or propose a reason.
It just gets reported like the weather.
The disconnect is mind-boggling.
dadams @ 23:
I’m in Jersey and it’s $3.50 a gallon, up 40 cents in the last 2 weeks, and this is the cheapest in the country. This is fucking unbelievable.
katsiskats @ 29:
It’s mostly the speculators betting on higher prices that are driving prices up. I heard today that even the oil company CEOs thought the real price should be around $60 a barrel.
tr @ 25:
Agh, if only we had these saltwater to freshwater plants figured out already.
Anyway, today I figured out that reality is depressing, so I’m gonna buy me some Grand Theft Auto 4 and bury my head in the sand.
lets all vote republican….. how about that gas-hole john “the republican” mccain.
or hillary for republican lite…..
then we can all be happy when ‘day invite us up to ‘da big house for ‘de BBQ…
just like W did for the $300 handout… or john “de republican” mccain…
because we got ‘de memory of a tick… show us ‘dat shiny thing and we forgets ‘da beatings and ‘de minimum wages……
So what made the “speculators” go on a betting frenzy?
Big Dick Cheney @ 33:
Yeah, the problem with that is, we would be the main coarse roasted on a spit.
katsiskats @ 34:
The Iran invasion.
And don’t be surprised when the violence in Iraq drops dramatically between Oct. 1 and Election Day, i.e.
“The surge is working!!”
Ron @ 31:
I disagree a bit. It’s not so much speculation on oil, but the realization that the dollar is now a poor store of value. That’s why all commodity prices are up. Too many dollars chasing too few goods.
Oil companies are making the most of the final days of the Bush disaster/presidency.
The fat cat oil execs see their days as numbered.
They’re enjoying their days at the Bush trough as much as they can.
In 2008, say hello to the windfall profit tax.
I puke a little in my mouth every time I fill up, and I have a small 11 gallon tank. What used to cost under $10 to fill is now getting close to $30. A guy who works with me spends $40 every three days. How can you live off of what is left over?
unfrozencaveman @ 38:
I’m sorry but you are incorrect, that is one of the things causing the dollar to devalue.
I’m thinking we REALLY want to think about boycotting this jerk’s products.
unfrozencaveman @ 38:
Well I think both of you are correct, but I think they’re two separate problems. Before the economy blew a gasket, you’d hear of “speculator betting” as the cause of high oil prices. Now you hear of the latter but also of the economy and the poor dollar as a reason for high prices.
katsiskats @ 29:
My understanding is that the real price of oil isn’t changing much. What we’re seeing is the dollar falling. If you look at the price of oil vs. gold, it’s pretty steady. This was a while ago, so maybe it’s changed recently.
So what made the “speculators” go on a betting frenzy?
The Iran invasion.
Who invaded Iran and when did this happen? I’ll admit I’ve been on vacation but I haven’t been that out of touch!
Well I think both of you are correct, but I think they’re two separate problems. Before the economy blew a gasket, you’d hear of “speculator betting” as the cause of high oil prices. Now you hear of the latter but also of the economy and the poor dollar as a reason for high prices.
But neither explains the record profits the oil companies are raking in.
As an aside, I don’t understand why my is stripped in my posts.
katsiskats @ 45:
The Iran invasion.
Who invaded Iran and when did this happen? I’ll admit I’ve been on vacation but I haven’t been that out of touch!
I’ve seen even the most minute of excuses used for speculators pricing it up.
Pretty much any unrest in the area of a pipeline will do it.
And I’m pretty sure he’s talking about the incursion of US warships in the area.
katsiskats @ 45:
The Iran invasion.
Who invaded Iran and when did this happen? I’ll admit I’ve been on vacation but I haven’t been that out of touch!
The administration has been trying to do anything it can to convince us that Iran is the cause of all the violence that keeps going on in iraq. There have been accusation galore trying to excite us, the public. I even got into an argument with one of my friends this afternoon because he is starting to believe the propaganda.
katsiskats @ 46:
Well I think both of you are correct, but I think they’re two separate problems. Before the economy blew a gasket, you’d hear of “speculator betting” as the cause of high oil prices. Now you hear of the latter but also of the economy and the poor dollar as