Submit your comments on this article |
Economy |
Gasoline Prices More than Double Under Obama |
2012-09-16 |
Average retail gasoline prices have more than doubled under President Obama, according to government statistics, rising from $1.84 per gallon to $3.85 per gallon. The average gasoline price is calculated by the Energy Information Agency, and shows that over the past 43 months of President Obama's term retail gasoline prices have more than doubled, rising from an average of $1.84 per gallon to $3.85 per gallon. Rising gasoline prices were particularly prevalent in August, which saw a 9.0 percent rise in the Consumer Price Index (CPI) for gasoline, a rise that almost entirely accounts for the general increase in prices seen by families across the country over the past month. In other words, the recent spike in prices for all goods -- tracked by the government's Consumer Price Index -- can be almost entirely accounted for by the rise in gasoline prices. Prices in the economy rose by 0.6 percent overall in August. |
Posted by:Steve White |
#17 I noticed that too, rjschwarz. I'm sure I know the reason, but can't think of the word right now. It's on the tip of my tongue - starts with "d" . . . huh, just can't get it. It will come to me, I'm sure. |
Posted by: Barbara 2012-09-16 20:43 |
#16 Remember when we got high gas prices are horrible news reports on a daily basis? When was that, back pre-2008? Yeah, that's right. Not sure what changed in 2008 but suddenly high gas prices are not news. |
Posted by: rjschwarz 2012-09-16 20:32 |
#15 $4.09 in Santee, CA |
Posted by: Frank G 2012-09-16 20:19 |
#14 $3.59 Friday in Richmond, Va. |
Posted by: Barbara 2012-09-16 19:12 |
#13 Gas in Anchorage ak is 3.86 per gallon, and gas last week in Bend, Or was 4.09 per gallon. |
Posted by: Alaska Paul 2012-09-16 18:52 |
#12 Methodology in play with the US Dollar for many years Anguper Hupomosing. It should work splendidly for gasoline. |
Posted by: Besoeker 2012-09-16 17:17 |
#11 Simple solution - redefine the US gallon to include just 2 quarts, and halve the price of gas INSTANTLY. Obama's true believers will be gratified & won't know the difference. |
Posted by: Anguper Hupomosing9418 2012-09-16 16:49 |
#10 Dependency of middle east oil is the financing of the Muslim Brotherhood on the rise in the middle east. |
Posted by: Whuse Gretch5776 2012-09-16 14:29 |
#9 This was always his plan. Make fuel too expemsive and achieve two thimgs. First keep us hobbled by fuel costs and insure we become more dependant on govt aid, and second to drive us to his green energy cars, Volt. Both plans are failures. His admin fails to realize how America loves their cars. He would have been a hero if he would have opened two new refineries and then mandated 50 mpg on new cars within four years. Detroit and the Japanese have had the technology for years. My honda CRX HF got 45 MPG in 1983. We need to get them on it and off these environmental nightmare battery cars... |
Posted by: 49Pan 2012-09-16 12:45 |
#8 It's been over $4 here in California for months. |
Posted by: warthogswife 2012-09-16 12:38 |
#7 we pay nearly dollar for US gallon (3.8 ltr). Once we vote out our current crop of idiots in Washington, dump our dependence on Mideast oil, use our own resources, oil prices will come down here too. The good thing about it AlHaan, you will probably be able to enjoy gasoline for less than a dollar/gal due to reduced demand in the UAE. However, the rest of your economy may have some problems. |
Posted by: JohnQC 2012-09-16 11:03 |
#6 UAE uses a RIPE IP owned by a Brit company? |
Posted by: Pappy 2012-09-16 09:55 |
#5 Betting the Dead Horse. And with the newest printing of money without backing, QE3, it's never going to go back down. Your dollar is worth less and less in the commodity markets with these actions by the Fed-Treasury cabal. |
Posted by: Procopius2k 2012-09-16 09:22 |
#4 Here i live in UAE. Bitrol price is very high here too and we have no Obama... we pay nearly dollar for US gallon (3.8 ltr). Wow! A whole dollar. How much does sand cost? How much is food? |
Posted by: Secret Asian Man 2012-09-16 08:42 |
#3 Here i live in UAE. Bitrol price is very high here too and we have no Obama... we pay nearly dollar for US gallon (3.8 ltr). |
Posted by: AlHaan 2012-09-16 08:06 |
#2 What...this month? |
Posted by: tu3031 2012-09-16 02:11 |
#1 $4.25 in Chicago burbs. More in the City. |
Posted by: Water Modem 2012-09-16 01:58 |