$7.00 a gallon gas hits US

[46Tbird]

I dk t rememberit being 1.78 when he took office. I could be wrong but don't recall it being under 2...

Well, the price of gas when Obama took office was $1.83 a gallon

Interesting graph here. Does anyone remember the month/year of the 2008 presidential election??

[racrguy]

Interesting graph here. Does anyone remember the month/year of the 2008 presidential election??

November '08 was the election, and he took office January 20, 2009.

[slow99]

Are you guys serious?

November 4, 2008.

[racrguy]

Are you guys serious?

November 4, 2008.

As a heart attack. lol

[stevo]

IF supply has anything to do with it then what explains the $1.65/gallon gas in 2008? Pretty sure we didn't have a sudden surge in production.

Actually, supply had EVERYTHING to do with low gas prices at the end of 2008. We had a sudden reduction of demand, which gave a surplus of supply. The surplus in supply dropped the prices.

Oil prices have fallen by more than half from $147 a barrel in July because of lower demand due to tough economic times, especially in the United States. On Friday, the price of crude closed at $64.15 a barrel, Lundberg said.

http://articles.cnn.com/2008-10-26/us/gas.prices_1_lundberg-survey-oil-prices-crude?_s=PM:US

Stevo

[slow99]

As a heart attack. lol

Lol, nice edit.

[-Jake-]

Bush opened up and approved new drilling all over the place. There was potential supply glut and that brought the prices dropping. If Barry opened things back up, we'd see gas drop again

you're delusional

[-Jake-]

Actually, supply had EVERYTHING to do with low gas prices at the end of 2008. We had a sudden reduction of demand, which gave a surplus of supply. The surplus in supply dropped the prices.

http://articles.cnn.com/2008-10-26/us/gas.prices_1_lundberg-survey-oil-prices-crude?_s=PM:US

Stevo

STFU. the crashing economy didn't have anything to do with it???? you're delusional too.

edit
anyone who would quote a MSM as a reputable source lost all credibility IMO

[racrguy]

Lol, nice edit.

/shrug wtf you talkin' bout willis!?

STFU. the crashing economy didn't have anything to do with it???? you're delusional too.

edit
anyone who would quote a MSM as a reputable source lost all credibility IMO

Anyone who uses the term mainstream media has just about lost all credibility, IMO.

[stevo]

STFU. the crashing economy didn't have anything to do with it???? you're delusional too.

edit
anyone who would quote a MSM as a reputable source lost all credibility IMO

You haven't said one thing that actually disproves anything I have said yet, you just keep trying to spin to some next tangent.

You just keep grasping at those straws, maybe you will eventually grab that short one....

Stevo

[-Jake-]

you can't follow my logic??

barney style break down:
the economy crashed
speculators went all chicken little
gas prices dropped

the end

[stevo]

you can't follow my logic??

barney style break down:
the economy crashed
speculators went all chicken little
gas prices dropped

the end

Yeah, I follow your 'logic', I just think it is very flawed.

Stevo

[IHaveAMustang]

The way I see it, we will never see "cheap" gas again. By cheap, I mean $2.50/gal. I would love $2.50/gal gas. I was even remotely enjoying $2.79/gal

[Forever_frost]

you're delusional

Then explain how I'm wrong. Bush saw the high gas prices and not only approved all the drilling, he TOLD everyone he was doing it and that if he had to, he'd open the reserves. That put a potential glut of oil on the market which drove prices down hard. Add to it the decrease in the economy and you have sub 2 dollar gas

[sig239]

I dk t rememberit being 1.78 when he took office. I could be wrong but don't recall it being under 2...

Sure was, I was paying 1.99 for diesel. Paid 4.15 this morning, fill up was 803.00.