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Gas prices double under Obama's vision for America


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2011 Jul 18, 3:42am   2,507 views  20 comments

by Honest Abe   ➕follow (1)   💰tip   ignore  

Gas prices have doubled since Obama took office. And he's got more time left to do additional damage.

#politics

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1   wtfcapinv   2011 Jul 18, 4:14am  

Did he do this all by himself?

His vision can't be sold without a certain vision preceding it.

2   MisdemeanorRebel   2011 Jul 18, 4:23am  

Hmm, looks to me like gas prices doubled 2000-2006, during the previous Republican President - and prior Republican House.

$3 to $4, peak 2006 - peak 2011 prices is only about a 30% increase. To double in Price since Obama entered office, we'd have to see $6.00 average pump prices right now.

Looks like pump prices are worse under Republicans.

4   tatupu70   2011 Jul 18, 4:56am  

I nominate this for the dumbest thread on pat.net.

5   simchaland   2011 Jul 18, 5:25am  

tat, I'll second that.

6   Truthplease   2011 Jul 18, 5:44am  

Say what? That is really a stretch.

Anybody ever hear of speculators? Get that casino under control!

7   Honest Abe   2011 Jul 18, 6:01am  

Whiney liberals would rather attack the messenger than deal with the message. You can't handle the truth. Gas prices on 1-20-2009 were $1.80 - today they are $3.60.

Only an undereducated person would deny that prices have doubled.

Here try this: what is the sum of 2 plus 2 ?

8   tatupu70   2011 Jul 18, 6:07am  

Honest Abe says

Whiney liberals would rather attack the messenger than deal with the message. You can't handle the truth. Gas prices on 1-20-2009 were $1.80 - today they are $3.60.


Only an undereducated person would deny that prices have doubled.


Here try this: what is the sum of 2 plus 2 ?

Hopefully you are just playing...

9   Â¥   2011 Jul 18, 6:20am  

"Only an undereducated person would deny that prices have doubled."

Huh? it's a fact. That, of course, is not the problem with your stupid post.

The problem here is your taking this one cherry-picked fact and saying this is due to "Obama's vision for America".

That is a non-sequitur, the fallacy of false cause.

Gas prices are lower now than they were 3 years ago:

http://research.stlouisfed.org/fred2/graph/?g=1aK

so I could say Obama's Vision for America is bringing us lower gas prices than we had under Bush.

This would be BS too, since gas prices are driven by many factors, and US consumption has remained flat since 2009 yet prices have crept up.

The reason why prices are higher now since Jan 2009, aside from seasonal effects (low prices in January and higher prices during summer) is:

the rising yuan rate (as the yuan appreciates against the dollar they will be buying much more oil -- currently they are consuming 10% of global supply, this will rise to 20%+ later this century), global supply (Libya in civil war isn't helping anything), demand (Japan is burning diesel now to replace its lost nuclear reactors), and yes, dollar depreciation due to Bernanke's printing.

But money supply didn't start growing in 2009 -- it's been growing fast for a very long time. Here's MZM vs gasoline prices:

http://research.stlouisfed.org/fred2/graph/?g=1aL

One side-effect of a weaker dollar -- which we need against at least the yuan -- is in fact higher gasoline costs. This is why I am not expecting any real wage gains or a wage-price spiral to appear this decade.

China is buying half the oil we are (9 mbpd). If and when the yuan moves from 6.5 to 3 they will be able to double their oil buying, if only the market could supply it. Of course it can't, so their consumption is going to have to come out of ours.

Happy happy joy.

10   MAGA   2011 Jul 18, 6:31am  

If I was the President, I would outlaw all Realtards in addition to imposing a nationwide tax on gas hogs. More then what we already have. We need to get away from cars that can't do at least 40mpg. City!

11   michaelsch   2011 Jul 18, 6:58am  

jvolstad says

If I was the President, I would outlaw all Realtards in addition to imposing a nationwide tax on gas hogs. More then what we already have. We need to get away from cars that can't do at least 40mpg. City!

Nonesense. Just tax gasoline. Equal for all. It will do it, you can get more than $300 Billion/Year from it still having it much cheaper than in Europe.

12   simchaland   2011 Jul 18, 8:53am  

Oh noez! That soshulist commyunist fashist dictatur Obami, who isn't even a citizen, were'z yer berth sertificut you Kenyun!, dubled gas prisiz all by hizself? I mean really. Under the real smart prezdint Bush we had $3.00 to $4.00 gas. Gas averaged at about $3.00 in Kalifornya when a real prezdint wuz in that Wite Hause. I see that prisiz are at $3.80 in the East Bay. Hell yeahz he dubled prisiz! Im'a goin' to Teabag Sentrul to give more munee to Bahkmann!

13   anonymous   2011 Jul 18, 10:18am  

If I were the President, I'd attempt to put gas taxes in place sufficient to pay for all our military adventures in the Middle East. That would be around $3/gallon BTW.

14   anonymous   2011 Jul 18, 10:56am  

shrekgrinch says

More like $13/gal.

I was thinking of the running cost, not the sunk cost, but point taken.

15   simchaland   2011 Jul 18, 5:42pm  

Obami the Swammie, he's a muzlim you know, would luv to raiz taxez on gas to make gas cost $25 per gallon so that all of us real Umurhkenz will be forced to buy those commie soshulist Priuses. Once our economie iz destroyd, them muzlim buddiez Obami palz around with will take us over by buying our cuntry holesail. Sharia Law will replace the Constitushen. Obamie and his muzlim turrerrisst butt buddiez will yooz ripped off peacez of the Constitushen as toilet paper. The Umurken flag will be yoozd by them as piss pads for puppeez. Then thay'll bern them in garbidge firez.

Next thay'll shoot God-fearing real Christshenz if we don't sumit to thay're Satanic Izlam.

17   HousingWatcher   2011 Jul 22, 7:41am  

If Obama is so bad shrek, then why are Republicans not raising any money? How did Obama manage to raise more money than all the GOP candiates combined? Rick Santorum raised $580,000... rouglhy enough to fund 3 hours worth of campaigning. Gingrich is in massive debt to Moby Dick Airways.

18   Done!   2011 Jul 22, 7:50am  

The Change Regime...

...because Bush didn't fuck us hard enough!

19   Done!   2011 Jul 22, 7:53am  

HousingWatcher says

If Obama is so bad shrek, then why are Republicans not raising any money? How did Obama manage to raise more money than all the GOP candiates combined?

Because 2012 will be about independent reformers. The ones that distant them selves the furthest from either party, will have the best shot. The next president hasn't even popped his public Cherry yet.

20   HousingWatcher   2011 Jul 22, 7:54am  

Ronald Reagan raised the gas tax. Obama has not.

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