Gas prices down for the 24th straight day; Update: GOP keeps the heat on
Thanks for nuthin’, Nan!
This is a small relief and we need more access to American oil ASAP to bolster our energy independence and security, but it is good news nonetheless:
Retail gasoline prices fell on average almost a penny overnight, extending declines for the 24th straight day, a survey of gas station credit card swipes showed Sunday.
The national average price for a gallon of regular gas fell to $3.818 from $3.826 the previous day, motorist group AAA found. That’s down more than 7% from the record high of $4.114 that gas prices hit on July 16.
…Oklahoma and Missouri remained the states with the lowest gas prices. The average price in these two states is $3.58 a gallon, down a penny from the previous day. South Carolina is next lowest, with average prices of $3.61 a gallon, down a penny from the day before, AAA found.
Meanwhile, gas prices fell nearly 15 cents in the past two weeks, the publisher of a national survey of self-serve regular gasoline prices said Sunday. The latest Lundberg Survey, carried out on Friday, tallied prices at thousands of gas stations across the country. Publisher Trilby Lundberg put the average price at $3.8472. The average from the previous survey, from July 25, was $3.9959.
The last time gas prices fell by such a margin was in July of last year, Lundberg said. The survey from July 27, 2007, showed that self-serve regular gas prices fell more than 17 cents from the previous survey to $2.8843. Lundberg attributed the recent 14.87-cent drop to a decline in the prices of crude oil. On Friday, crude oil closed at $115.02, down more than $30 from its peak price of more than $145 last month, she said.
Indur Golkany and Jerry Taylor add some helpful perspective:
By June of this year, disposable income had risen by an average of $1,627 per person over last year’s figures, according to the Department of Commerce, while the average person’s real expenditures on gasoline increased by about $490. Our incomes are still outpacing gasoline price increases. The problem is that our incomes aren’t outpacing the increase in gas prices lumped together with increases in everything else — air conditioning, food, etc. Our homes, meanwhile, are losing value.
But gasoline is more affordable than it was during the early 1960s, an era fondly remembered by many as halcyon days of cheap fuel and gas-guzzling American cars. We’re overlooking that context because it’s easier to remember 1998, when we saw the lowest inflation-adjusted gasoline prices in recorded history.
Politicians would do well to remember these historical facts, as well as consumer psychology, when discussing gas prices with voters. Failure to do both will likely result in a government eager to score political points with the electorate by doing exactly the wrong thing.
Are you listening, Gang of 10?
***
The House GOP revolt continues into its second week.
Wanna sign this open letter to Pelosi?
An Open Letter to Speaker Pelosi
Dear Speaker Pelosi,
On Friday August 1, 2008, at 11:23 a.m., your Democrat majority in the House of Representatives adjourned the House for five full weeks.
House Republicans believe that Congress should not go on vacation until we take action to lower gas and energy prices for struggling American families.
For the last two months we and our House Republican colleagues have used every tool at our disposal to try and get you and your Democrat majority to vote on legislation to lower gas and energy prices by expanding environmentally sound domestic production of oil and natural gas, improving energy efficiency, and encouraging the development of alternative energy technologies.
Many of the proposals we have asked you and your Democrat majority to allow us to vote on are bipartisan proposals that we believe would enjoy the support of a majority of the Members of the Congress. Yet because you and your Democrat Leadership personally oppose these proposals, you are not allowing them to come up for a vote. This past Sunday, you even told George Stephanopoulos that you will never allow this vote to occur….
In protest of you and your Democrat majority not allowing an up or down vote on producing more American energy, we and our House Republican colleagues were prepared to take to the floor on Friday, August 1, 2008, and speak to the nation. Rather than allowing that to happen you and your Democrat majority adjourned the House, turned off the television cameras, shut off the microphones and turned out the lights. Nearly 50 House Republicans remained on the floor of the House in defiance speaking to those citizens gathered in the galleries and to the media.
Today we have again returned to the Capitol to continue speaking to the thousands of Americans from all across our country who are visiting the Capitol. We would have preferred if instead we were joined by our colleagues to have a true debate on this issue that ended in an up or down vote.
We think it is unconscionable that Congress has gone on vacation before we have addressed the high gas prices that are crippling our economy and hurting millions of families. We are asking that you reconvene the House from your five-week vacation and schedule a vote on legislation to increase American energy production. Let us be clear, we are not asking for a guaranteed outcome, just the chance to vote.
Signed by: John Boehner, Republican Leader; Roy Blunt, Republican Whip; Adam Putnam, Republican Conference Chairman; Eric Cantor, Chief Deputy Whip; and Members of the House Republican Conference
***
Update 11:23am. Keeping the heat on. Just got e-mail notification…GOP Rep. Mike Pence will be on the Rush Limbaugh Show at 12:30 p.m. EDT to discuss Republican efforts on the House floor to bring an up or down vote on a comprehensive energy plan that includes domestic drilling.
c
See what others have said
Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.
Trackbacks
- Gas Prices Fall for 24th Straight Day | Skeptics Global Warming
- The Armchair Energist » Feeling a Little Down? Be Glad You’re Not Gasoline
- Kremlin Influence « I Took The Red Pill (and escaped the Matrix)
- Obama, Under His Reign: « Riggword Weblog
- No Runny Eggs » Blog Archive » The Morning Scramble
- Nightly Ramble:We GET it, Andrew; Gas down again;Rain; Oh,Reille?; More | BitsBlog
- Michelle Malkin » The Dems’ Drilling Rhetoric Just Ain’t Cutting It
Comments
You must be logged in to post a comment.
Categories: Enviro-nitwits, GOP, Nancy Pelosi
Right Pundits
» Joe Lieberman: Fort Hood Shooter Is ‘Home-Grown Terrorist’Legal Insurrection
» Bruni de la Motte for Health Care CzarRiehl World View
» Obama: No Military Death Shall Go UnexploitedLegal Insurrection
» In The End: No Public Option, No Abortions, No Pelosi, No ReidThe Other McCain
» Paralysis by analysisThe Powers That Be
» Obama: ‘Don’t Jump to Conclusions’ About Ft. Hood; Immediately Jumps to ConclusionsLegal Insurrection
» NY Times Names Names
Glad to see prices down. I’ve got to fill up the car, this morning. At least I don’t have to turn over my first-born. It’s interesting to hear, too, that Virginia sits on large uraninum deposits, but refuses to access it. So, are a lot of people going to complain about gas prices all the way to polls to vote for the democrats again?
Here in NJ, I got gas for $3.72 yesterday. Granted, I’d rather pay half that, but it’s welcome to see the price declining.
How long until the Democrats claim credit?
I will not be happy until it is less than $2/gal.
Keep in mind that it was <2 just before Katrina in 2005 and we were not producing our own then either.
This small reduction cannot allow anyone to ease up on the pressure to drill now!
There. Much better. There’s nothing dear about her.
same here mil mike… $1.69 sounds good to me and no higher than $1.89.
Unleaded at Costco in Fresno just came down to 399.9, and we feel like WOW what a deal. Three months ago, tried to send Sweet Nancy an e-mail in her home district, but on reading my zip code, it refused to accept it because we are not in her district. Wonder, does she accept e-mail comments as Speaker of the House.
2 bucks a gallon is a good deal. i could live with that
Lets see this trend continue. Keep the pressure up.
I’m with Milwaukee Mike, I won’t be happy until its below $2.
What’s up with that “Gang of Ten”; no drilling in ANWR in their deal? ANWR will be faster to get than OCS – and the pipeline is nearby!! That proposal is just a subsidy give-away (can you say ethanol? – it might as well have been written by lobbyist extraordinaire Tommy Daschle) and the 5 Republicans should be ashamed of themselves.
A little breathing room is all this represents. We need to act now. Republicams: Run these Dems into the ground and LEAD! Get a real comprehensive long-term energy plan going now!
We can’t get Nan out of office but we can get her out of power.
“Gang of 10?” Culls, all of them.
I was watching an older movie with Jeff Daniels in it..
Scene in it he was driving down the road pass a gas station.. price on the sign was $.79 per gallon for LEADED..
sigh.. those where the days..
Are you following Barak’s energy plan as well?
amazing to me that when the all knowing government stays out of industry, the problem corrects itself.
gang of 10, gang of idiots is the more apt description.
Still not satisfied with more then 3.80 a gallon. I’m starting to think these countries that produce oil are involved in some type of price fixing on a global standard.(sarc) It’s sad to know the model for OPEC is based on The Texas Railroad Commission. They couldn’t even come up with their own method of market manipulation. Take a look of the list of OPEC countries, and you tell me the reasons for not drilling off-shore. If we don’t take it, someone else will.(e.g. China aka Big Red)
Prices are down here in Austin, TX too. I do, think, however, with the Russians threatening the pipelines in Georgia, that drilling should commence here immediately. If they hit the pipelines, Europe will be almost immediately affected and then I think world oil prices will immediately elevate…
Oblahma has an energy plan?
Wouldnt that mean the price would go up, and not down?
Prices here in East Tennessee are down to $3.49, in some places.
Gee, why am I not surprised that “Senator Grahamnesty” is one of the gang? I hope House Republicans remain stalwart in the face of these sellouts! Just when we’re finally making headway on a critical issue, along come the RINOs to screw it up. Stay strong, Mike Pence, John Boehner and the rest of the Republican House…we’re counting on you to do the right thing. Meanwhile, I will keep signing petitions such as the one Michelle has linked to here.
Democrats refusing to be democratic. So whats new?
about the same here in mid-tenn, hovering between 3.45-3.49 or so…still the one place a couple of cents cheaper.
The falling price of gas is a result of the leadership shown by the Democrats. Since they left DC on vacation gas prices have dropped by $.30 a gallon in the Olympia, WA area. Just think how much more prices will drop if we send them on a permanent vacation in November.
Remember the Democrat motto:
Vote early & often.
Damn good thing I inflated my tires. Just think of how bad it could have been.
Waiting for Nancy Pelosi to inform us that the price drop is the result of her refusal to allow more drilling and the that push for alternatives is already paying off. Obama to follow by stating he would rather not have seen such a rapid drop in prices. However, he is is willing to consider higher tire pressures if will bring prices lower in the long run. Harry Reid will anounce that further conservation by everybody else will allow him to buy a third Chevy Suburban to further improve personal security.
BIFF !! BAM !! SOCK !!
HA HA, take that you undemocratic swine of both parties.
We the people have spoken, ignore us at your peril.
I am in the Evil Oil & Gas Business in South Texas. Have currently two drilling rigs “turning the right” to a total TD (Total Depth) of 19,000′ (Feet). Current daily cost of both rigs running as of yesterday ! $100,000 per day for both rigs. Takes @ 45 days to drill to TD!
$15,000,000 to drill & completed each well through completion. (Producer)
Had two dry Holes! (P&A) Ouch!
If oil hits $100 per barrel after Labor Day (My prediction?), look for $3 at the pump.
Natural Gas Prices? If cold winter like last year, all bets are off for natural gas price! $15 – $20 per MCF.
Better get a new chain saw for the winter.
Have a Nice Day!
tried to do a pressure/tire gauge joke..
fuggetaboutit..
looking back, it was pretty bad..
If not for the Gang of 10 and John McCain’s good friend Goober Lindsey, Obama and the Dems would would be reduced to sputtering about speculators and evil big oil. Now they just point to Goober and the gang and say that’s a plan.
If Obama wins he should appoint Goober Energy Secretary. He would fit right in and he will probably do less damage to the country.
YES.
I don’t expect to see gas below $2.00 again. I’d be happy with between $2.00-$2.50.
Funny how even the mere effect of talking about drilling lowers gas prices. Imagine what actual drilling could do – even for the short-term.
*shiver*
Okay. Using “Pelosi…and ride her” in the same sentence conjures up images better left from anyone’s mind! Don’t do that again, please!
If Comrade Pelosi won’t allow a vote on the American Energy Act, I propose we resurrect the House Un-American Activities Committee.
Expect politburo chiefs Pelosi and Reid to take credit for lower gas prices (doing with less or none is their solution) and use it as a mandate to keep blocking progress.
It was a combination of lower demand and the Pres. growing a pair and knocking of the inane Clinton moratorium on drilling that broke the upward market trend in my opinion.
We haven’t heard any blast back from Clinton, isn’t that strange?
With more knocking off (moratorium) the price will some more.
IMHO
Pelosi is doing just what she accuses Bush of doing and hates him for it.
Isn’t it funny how the prices started dropped right after the President lifted the executive ban on off-shore drilling?
The Dems say drilling won’t bring down the price for 10 years, but it sure seems like simply taking one step in that direction has had an effect.
If we can’t get Pelosi to open up discussion on drilling, expect this short dip in prices to vanish and $5.00 gal oil to become a reality. And they will still blame the “mistaken priorities and actions” of the republicans.
Michelle – I hope you can link to the WSJ. There is a story in this morning’s issue about the concern US natural gas producers have about the possible steep drop in prices because…drum roll…there has been so much drilling in the past year that there is the potential for a supply glut. And…most of the new supply is coming from shale formations. So Dems – put that in your crack pipe and smoke it.
I’m in!!!
Thanks, See-Dubya!!!
If they’re not surrendering to anyone the Dhimmicrats are in no hurry to do much of anything.
I’m suprise they haven’t taken credit yet.
Here in San Diego, the prices are between 3.89-3.99 regular unleaded.
DITTO!!!
I hope congress will do nothing (something they’re actually good at) and let the federal moratorium on offshore drilling expire September 30th. Or will they vote to renew it and actively stand in the way of lower energy prices ahead of the November election? We don’t hear much about the annual sunset provision on the federal offshore drilling ban but I’ll bet Pelosi is working behind the scenes to find a sneaky way to renew it.
These Democrat congressmen should be making some public appearances in your area since they came home to campaign and to meet with the folks back home to “get in touch with the issues that are important to them.” Check your congress critters web site, call their office, find out where they are going to be and make an effort to attend.
My Dem congress critter is doing a feel good Health Fair. I intend to be there. I am willing to ask him about the Dems plans for Universal health care but if possible I am going to question him on why he isn’t willing to sign the discharge petition to bring HR 6656 up for a vote. That is the American Energy Act introduced by John Boehner. I have printed out a copy of the proposal and will have it with me in case he feigns ignorance on it. It is 80 something pages and covers everything from renewable and alternative energy to incentives and provisions for drilling.
You can get a copy of it here.
If gas prices continue to drop, you can bet Pelosi and the rest of the left (and idiots like Graham) will be using that to kill the debate for drilling.
As much as I’d love for the Congressional ban on drilling to be removed, it won’t happen. They won’t give in.
If we want to see the ban on drilling removed someday, then we should be focusing on getting conservative House Reps and Senate members elected this fall.
Gas is going to keep dropping and my F150 will be happy. Although I wish however, that prices had stayed up for a little while longer. We might have had a good shot at opening up all our oil reserves AND working on alternatives. However, prices are dropping and that ignorant, anti-American horses-ass Lyndsey Ghramnisty and his moronic Gang of Ten sold us out to the democrats.
This could have pushed McAmnesty into the White House, but I just don’t know now. Americans are stupid cattle that will go back to chewing their cud and looking for the next liberal handout as soon as gas price isn’t an issue.
With all due respect to the superior minds of Mssrs. Golkany and Taylor, my disposable income (and I suspect that of of most of the bitter Bible clingers of America)hasn’t seen that $1627 jump in income-unless my wife is holding out on me! Because of the impact of oil prices it has probably decreased by that much. Either use figures that show what percentage of people are realizing an increase in disposable income or quit lying with statisitics.
Not completely off topic I hope – how exactly did Congress ever get a 5-week block of vacation anyway?? They are public servants. That means they promised to work for us. None of my Civil Service friends gets 5 weeks. I get three in my private sector job. Even if they’re ‘entitled’ to 5 weeks (and I think it’s excessive, considering how much time they waste on procedural delays and campaigning and God knows what else), I’d say three weeks at once is the most they should take, and it shouldn’t be every person at once. Do it like I (and probably most of us) do it – schedule it! Full recesses are ridiculous.
Maybe the GOP needs to take some different approaches to the debate other than price such as the number of jobs that would be creaetd, the hundreds of billions that would go to the Treasury from royalties that can be used for R&D into alternatives (a bone for the Dems) or to pay down the debt, halting the financing of terrorism and thugs like Chavez, etc. There are a lot of reasons to exploit our own resources and they are all winners. Don’t get to hung up just on price.
I find myself still baffled regarding how it is that all of the “for profit” process that helps keeps this country running seems to be a total mystery to many folks in this country as well as mostly but not all Democrat politicians. We do not want to live in a country in which the government determines who can make what, what is “fair”, what is “unfair”.
Imagine what would happen to the price of glass if the government regulated access to silicone or sand?
Can we please get back to smaller less invasive government?
THE ONLY THING DEMOCRATS WANT TO DRILL
Many factors have contributed to the fall of gas prices, one contributing factor just recently is China has stopped stock piling oil.
As a brand new commenter, I am going to state that I agree with Michelle on this one.
Mark my words. Pelosi and Obama will return from their vacations and take credit by saying: “What’s the big deal? Take a look at how much gasoline prices have dropped recently thanks to the Democrats jawboning the Big Oil executives.”
I watched Smokey and the Bandit recently. Gas prices in the summer of ‘76 (when the movie was filmed) were 62.9 cents a gallon in Georgia in one scene. I haven’t seen prices like that since San Antonio in 1986.
Drill here. Drill now. Pay less.
I paid $3.55 this morning. That is down by approx .40/gal from last week.
One of comments mention gas pipelines are running out of capacity in W. Virgina, ect. Same thing in South Texas currently. But that is due to major disrupt on one of the main tramission lines running north. But I have heard about piplines up north running out of spare capacity.
A BIG cold snap (two months) would take care of that little problem in a hurry!
The Republican Fisherman
A woman in a hot air balloon realizes she is lost. She lowers her altitude and spots a man fishing from a boat below.
She shouts to him, ‘Excuse me, can you help me? I promised a friend I would meet him an hour ago, but I don’t know where I am.’
The man consults his portable GPS and replies, ‘You’re in a hot air balloon, approximately 30 feet above a ground elevation of 2346 feet above sea level. You are at 31 degrees, 14.97 minutes north latitude and 100 degrees, 49.0 9 minutes west longitude.
She rolls her eyes and says, ‘You must be a Republican!’
‘I am,’ replies the man. ‘How did you know?’
‘Well,’ answers the balloonist, ‘everything you tell me is technically correct, but I have no idea what to do with your information, and I’m still lost. Frankly, you’re not much help to me.’
The man smiles and responds, ‘You must be a Democrat.’
‘I am,’ replies the balloonist. ‘How did you know?’
‘Well,’ says the man, ‘You don’t know where you are or where you’re going. You’ve risen to where you are, due to a large quantity of hot air. You made a promise that you have no idea how to keep, and now you expect me to solve your problem. You’re in exactly the same position you were in before we met, but, somehow, now it’s my fault.
Ahh, memories… I was a teen during those years and I remember that $2.00 worth of gas gave a quarter of a tank in a gas guzzing Pontiac GTO…
Democrats go on vacation, gas prices go down, may-be we can keep the democrats on vacation permamently.
My son and I visited the house last Friday. It was awesome to sit on the house floor, stand for the opening prayer, and recite the pledge of allegiance. We were led in through the cloak room, which is pretty small, and had to leave cell phones, cameras, etc. As we entered a few members of congress came in right behind us. There were lots of visitors and they would come and go.
Mike Pence ran the show. We heard Joe Barton R-TX, Bob Goodlett R-VA, minority leader Boehner R-OH, and Ron Lewis R-KY. Lewis had the Pelosi zinger of the day when he said, “The constitution says, ‘we, the people’, not ‘me, the speaker.’” All of the speakers were able to articulate the case for their energy plan and against Pelosi’s strong-arm tactics to prevent a vote. The speakers were all appreciative of the people in attendance and mixed some civics lessons about the house in with their arguments regarding energy policy.
If you live anywhere near DC, go and lend your support. Call your Rep and arrange for a visit. If you have a Dem Rep that won’t cooperate, call a member of the house minority leadership (Boehner, Blount, Cantor) and see if they can arrange something.
What I found interesting is that the US Capitol police don’t have any specific instructions on keeping people off the floor. That is not to say that anyone can just wander in. There are still some pretty specific procedures in place, which is why it is best to arrange things in advance.
It really is an unprecedented opportunity to visit the house floor. My guess is that rules will be established to prohibit such demonstrations when congress is not in session in the future. Pelosi will see to it, but she’s not in a position to stop the current demonstration now. She won’t want a week of similar demonstration when congress adjourns (probably without an up or down vote on energy) to campaign in October
I’m so tired of republicans caving in to democrats. It’s absolutely sickening.
Remember the Republicans’ names and vote against them if they [mis]represent your state.
Lindsey Graham, John Thune, Saxby Chambliss, Bob Corker and Johnny Isakson
At the very least.. call them and give them an ear full.
The enviro nutjobs are planning on protesting here at the power plant where I work in Virginia. The whole place is in lock down; there’s county police everywhere; and no one knows what time they plan to show up. I’m going to try and get video if I can.
The website for the group doesn’t list this particular location, and it is clean coal technology so why they are protesting what works, …never mind.
I just realized what I was saying.
Ms. Pelosi leaves town.
Then gas prices go down.
Ya know I rhyme.
Some of the time.
I read the Golkany/Taylor piece in today’s LA Slimes and was not impressed.
They make bold statements about income growth and higher relative fuel prices in the 1960s with no facts presented to back their assertions.
Income growth? My income hasn’t grown in the last couple of years as theirs seem to have, try as I might to make that happen. And yet, as a teenager in the late 1960s, I had no trouble keeping my car gassed up on the modest check I earned working part-time.
And yet I expect to hear Rash Limbaugh going on about this — from his $400 million perch — as “proof” that things are great and that all we need to fear are the Evil Libs.
Okay, so I fear the libs too. I believe their policies are a recipe for disaster on many fronts.
But I am not going to believe the rosy picture painted by pie-in-the-sky think-tankers and conservative pundits until the day I can take some of it to the bank.
BS is BS no matter which side of the ideological spectrum it comes from.
Did anyone see the ex head of Shell on Glen Beck Friday? Very interesting. He said there are places we could drill (CA) that would produce in months…not years. Also said we could have ’some’ oil from ANWR in less than 3 years.
Gas goes from up from $3/gal to $4.50/gal then back to $4/gal. The $3 -> $4.50 is the Democrats’ fault and the $4.50 -> $4 it the Republican’s proud accomplishment.
If our kids will be paying the National Debt the least we can do is gift them all the energy resources by going after it now.
Here we go again folks… Down to 3.82, and you think you died and went to heaven!!! That is from 4.17. You folks are just like the frog in the pot… Turn it up slowly, you don’t even know you are being cooked…Well folks all they are doing is turning the pot down a little, you are still being cooked… If it gets to 3.50, or dare I say 3.25, you will be as happy as the pig in the barnyard… you still need to DRILL, and you still need to look at ALTERNATIVE ENERGY…So, stop acting like the HONEYMOON BRIDE… You have all been screwed, and no one even got kissed!!!
I want gas prices back to pre-2000 levels. $1.59.
No, I want gas prices back to pre-1972 levels.$0.36
No, I want gas prices back to pre-1965 levels. $0.25
There, as long as you’re fixated on a number, fixate on a good one.
Vamoose, that was a great AAR (after action report). My hats off to you. I wish I could take some time off and come up, but I burned my vacation time back in March and April with EaglesUP/IVAW and the Vets for Freedom get together.
#25 gonesouth, good stuff..
As veteran of 55 years in the Oklahoma oil patch, I have seen lots of ups and downs. I don’t think non-industry people understand the economics of exploration. No one was holding benefits for us when were losing our shirts at $10/bbl. We are just averaging out. Profit margins on investment in the oil biz are half that in many non-essential industries and exploration and development costs have kept pace with increased crude prices.
I have been through enough cycles that I can the liklihood of paying for wells drilled on $140/bbl economics out of $60/bbl oil.
Personally, I pucker up at $4/gasoline just like everyone else but it is little consolation to me if gasoline drops to $2/gallon and my income drops 50%.
lgm said:
True, because this particular price jump occurred under the Democrat-controlled Congress’ pledge period to “lower oil prices” if elected in November 2006.
They failed to do so.
I don’t know about “proud accomplishment,” but it did coincide with President Bush reversing the Executive Ban on offshore drilling.
Republicans in Congress believe that, by signing it into law, the price per barrel will fall even more precipitously on the theory that – stronger supply than demand actually lowers price.
Some of them believe so strongly in this theory, that they are willing to spend the month of August on the floor of Congress, pleading for Nancy Pelosi to cut her personal book tour short and return to Congress to allow an up or down vote on the subject.
Sounds about right
Thanks!
Lowest price I’ve seen in NJ is $3.59 though most stations are around $3.69
I doubt any specific group could take full credit for the drop in price. The dollar rose against foreign currencies last week, which also has an impact. But it’s the Republicans on the house floor and those supporting increasing our domestic oil and natural gas supplies that are the only ones actually DOING anything about the problem. So… perhaps giving them some credit would be appropriate.
Yes, even at $0.59 per gallon, we still need to drill here. We should eliminate as much foreign oil usage as possible.. and to that end.. we’ve got a ways to go… start drilling….
Wait, I thought it was President Bush that caused the price of gas to go up…since he controls the entire oil industry, then shouldn’t he get credit for the price going back down?
Nice to see some GOP leadership on this key issue. The Dumocrat scare tactics on high gas and energy prices to support their global warming hysteria has apparently backfired. Seems Joe Six Pack is not as dumb as they had hoped. Mr. Six Pack saw the real “solution” to high oil prices was not any of the Dumocract’s Star Trek-Heechee-Ringworld schemes, but simply to drill for more oil. Like duh.
Chicago metro. About $3.85/gal.
Dropping nicely, but like NJ-Aviator says, the problem isn’t *just* price, but independence.
I do NOT want to repeat 1973, thank you very much.
Mew
Her Boeing 757-200 commercial intercontinental airliner is a great move for saving the world. Let her pick up the gas bill, then we will see what she thinks about drilling!
san fran nan would rather bankrupt the construction workers, truck drivers, american autoworkers, and airlines rather than disappoint her environmental buddies. SO THE BIG QUESTION I HAVE IS WHY ARE THE UNIONS SUPPORTING THESE BOZOS? last time i checked, these were all union groups being decimated by liberal policies regarding oil and gas, and her answer is to pump her book and tell you to pump up your tires. when are these working men and women going to quit listening to the nonsense about how the democrat party is working for them and start looking at who runs the democrat party and what policies do they fight for. THE RICH SAN FRAN NANS, THE HOLLYWOOD ELITE, AND THE NEW YORK\BOSTON WALL STREET BILLIONAIRES ARE THE DEMOCRAT PARTY. the franklin d. roosevelt democrats struggling for a decent life in an age of robber barons has come full circle. abe lincoln was the first republican president, and once again republicans are trying to free the oppressed. san fran nan and the politburo talk about the poor common man they are trying to help, but when it comes time to vote for the common man or the reindeer, the politburo sides with the reindeer. if you have to drive a truck for a living, whether because you are in construction or transportation, just pump up your tires and thank environmentalist democrat politburo policies for $4.00 gas and $4.00 heating oil. you voted for these congress people, or didn’t vote in 2006, so we get what we deserve. anyone who believes today’s democrats bear any likeness to fdr or jfk democrats needs to lay down the crack pipe and pay attention to what these people do, not what they say.
gonesouth150, you should fire your geologist and next time it starts walking on you, bring in a directional driller/mwd to keep it straight.
Hi All – My first post… I am willing to bet money that former politicos in the D’Alesandro family are presently spinning in their graves knowing their daughter (Comrade Peloskivich) is mandating autocratic rule and playing M. Antoinette with the little people of America. From what I’ve seen on the right coast, the nut-roots are cracking…. Keep up the pressure, GOP!!
Our rookie democrap congressman, Jason Altmire, was on FNC for the first time yesterday. Of course he’s for drilling (now), he faces a semi-tough re-election battle with former congresswoman, Melissa Hart and San Fran Nan has given him a kitchen pass to say he’s for drilling. He just won’t call for the house to reconvene to vote on drilling. Typical democrap. Mr. Altmire, you are a coward.
I don’t know what the big deal is. I checked the pressure in my tires and discovered that one of them was down a few pounds. So I took The Chosen One’s advice, pumped a couple of lbs in there, and now my SUV is getting 47 MPG’s highway and 42 MPG’s city. Boy oh boy Mr. Obama, what would we do without ya? (And yes, we would all like to find out.)
Outstanding! That had to be Pelosi or my Congresswoman in that balloon.
Sorry, but I can’t believe that members of Congress signed their names to, much less authored an English language note in which “Democrat” (a noun) is used as an adjective.
I think it’s marvelous how this “Gang of Ten” actually thinks that someone cares what they say. The Republicans are finally growing a pair!
If McAmnesty wasn’t running for president he would have LED the gang of ten. What a miserable man.
I realize Obama is a dunce but surely someone in his entourage should have had the gumption and courage to point out that, assuming every tire in America was underinflated, increasing mileage by 3% would not offset 70% oil imports.
Ok, a quick run down.
Make SURE you’re tires are properly inflated and that your engine, which hasn’t required a tune-up since like 1986 due to computerized fuel and ignition systems, is tuned up. That will SAVE us all the gasoline we could ever need or want.
Versus,
Drill drill drill. Stick a hole in virtually every and any place there could possibly be oil and suck it dry. Oil shale, get on it already. Coal gasificiation and CO2 sequestering. Let’s roll. Nukes? Get the enviros outta the way and light up the sky with them, wind power, in every DEMS back yard INCLUDING Teds, Solar panels, put one on every DEMS head.. They’re already walking around with little beanies or tinfoil up there, they’d never notice.
Get us OFF foriegn oil NOW and forever and while THATS all happening, work on the developement of alternatives and higher capacity, low cost/weight batteries.
Move this country foward! Now THERE’S a plan I can get behind 100%
This is my first post. I’m confused! What is disposable income? Is that the extra money left after paying bills that I used to have back in the early 90’s? Ahhh, The good’ole days.
One of the more pernicious crooks in this entire mess (and happily escaping scrutiny) are the local gas stations that fix prices. Have you ever noticed that when a barrel of oil goes up $5 overnight, the price at the pumps go up the next day. But when a barrel of oil goes down $10 in one day, it takes about 8 days to see a price drop at the pump.
Can we get an up or down vote on inflating our tires?
On August 11th, 2008 at 1:44 pm, lionheart said:
One of the more pernicious crooks in this entire mess (and happily escaping scrutiny) are the local gas stations that fix prices.
I’ve know a few station owners, and they say, if they had to live on the pennies they make on gas only, they would be closed in a week.
Yes, and he said there’s a surplus of gasoline, and the oil companies have actually cut margins on gas. The problem is the “middle of the barrel”, diesel, jet fuel and heating oil is in such huge demand worldwide that the cost of a barrel went up. He said that places like California where the infrastructure is in place already could get new oil in the pipeline in a few months. Since heating oil is in that “mid-barrel” he warned of a tough winter, and criticised the “idealogues” who hold low income people hostage to their ideology. He said the margin in the oil business on retail sales is about 7.5% compared to high teens for pharm, and 20% for banking. Most of it gets plowed back into capital expenditures. He was interesting.
Don’t get me wrong. I could care less if they drill offshore. ANWR is a different story…
Frankly, this seems to be the only issue that the McCain and the GOP are willing to campaign on since they’ve lost credibility on all the other important issues. Apparently they’re willing to drill right into the skull of a Polar Bear if it will produce some Texas Tea in the next fifty years. Since all this drilling will do nada for the price of oil and it’s the pet issue of the GOP as they flail and drown in the campaign waters I support the Democrats taking control of the matter and drilling the heck out of our offshore sites.
I think it’s really great that the GOP is ready to take credit for this reduction in the price of oil. That cute little sleepover the twenty-some Representatives have been having in the dark house chambers is having quite the effect ‘eh?
My question is this: when prices climb again will the GOP take responsibility for that too or is it back to blaming the “environitwit Dimocraps” again?
From MM’s link but where she conveniently left off:
“Gas prices have eased substantially in recent weeks amid signs that global demand for petroleum products is slowing.”
Call me crazy – but it seems to me the economy is worse in those states that are run by democrats…ie, Michigan…California
Ok, i’ll bite…why not ANWR?
Well, while i’m no McCain supporter, that makes me ask “how’s that?”. I mean, obama is consistant with the issu…oh, nevermind. he’s not.
So they make oil AND are tasty with a lovely white wine sauce. I’ve gotta get me some polar bear!
Nope, nothing will ever have an effect. If we drill more, i’m sure the extra supply wouldnt touch the pric…oh wait, that’s Econ 101. Supply and Demand. Nice try though!
Did i miss something? are they actually doing something now? Democrats are actually DOING something?
Nope, didn’t think so. And here you got my hopes all up!
Finally, a good question
Honestly, i think the blame needs to be placed on the shoulders of those responsible. On those who refuse to tap the resources we have at hand, on those who speculate the price through the roof, and those who refuse to look at the problem logically and find solutions.