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Gas Prices Soar, again, 9 cents in 2 Weeks! Who is to blame?

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March 10, 2008 02:39 PM    View printable version     Link to this comment   
Member Since:
August 6, 2007
Comment updated March 10, 2008 06:10 PM
March 10, 2008 03:01 PM    View printable version     Link to this comment   
Member Since:
May 16, 2007

Capt,

Wish you could fix the page width on this.  BTW, if you want to know the real inflation rate, just look at the price of gold.  You can compare with silver to make sure there isn't something funny going on with supply and demand, but normally gold is a good measure of inflation.  Oil turns out to be a decent proxy as well, but it is more subject to supply/demand shifts and to politics.  When oil and gold are rising, you know the Fed's printing presses are working overtime. 



"There is only one difference between a bad economist and a good one: The bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen." -- Frederic Bastiat (1801-1850) "In general, Democrats are the only real reason to vote for Republicans." -- Thomas Sowell FeedFwd: a born again coonass trapped in Austin, TX, USA
March 10, 2008 05:09 PM    View printable version     Link to this comment   
Member Since:
August 6, 2007
Comment updated March 10, 2008 05:15 PM
Sorry to have to say this guys, but the matter below is your fault for not caring enough to do something about it and/or being so gullible as to believe that CO2 causes Global Warming or that humans cause Global Warming (if it even truly exists) in any, way, shape, manner or form.
If you really cared you would make sure that every single one of your family, friends, associates and acquaintances would learn that CO2 is caused BY Global Warming and not the other way around and that humans have nothing to do with it.  And you would do whatever you could to get your people to write and truly protest, in writing and in person, the fact that Congress has made exploration and drilling for Oil and Gas by American companies illegal, in the places that we know there are multitudes of BILLIONS OF BARRELS of Gas and Oil and where China is pumping out OUR AMERICAN oil and gas right now for themselves right off our shores.  IF you would take care of your responsibilities gasoline would cost less than $1.50 a gallon, heat and light bills would be less than half of what they are now and food prices would be slashed by 25 TO as much as 40 percent.
But you don't care enough.  Well pay your prices.  It's your own fault.  I am doing every single thing I can to fix it.  I write letters to Congressmen, I call their offices, I call Wisconsin Electric and Wisconsin Public Service to find out why the hell they are converting coal to gas fired power plants that suck the fuel to heat over ONE HUNDRED FORTY THREE THOUSAND HOMES for each plant (No wonder you can hardly afford to pay the natural gas bill.  The electric companies are sucking out right out of the pipes going to your homes.), I write to every body I know personally, I go to functions having to do with FREEDOM and Government comporting to the Constitution and lowering or banning taxes, I send articles to be published in newspapers around Wisconsin and the Wall Street Journal.  When I go to social events I talk to people about these matters and try to educate them, because it is not only important to our financial security, it is important to secure our FREEDOM.   I can't do it myself.  Don't you even forward my articles to others?  If you don't care enough to do something than you have no right to complain.  You only have the right to go broke!
Now read below and see what your apathy has done to yourself.  And, I'll tell you one more thing folks, this doesn't hold a candle to what is going to happen when the Social Security and Medicare issues start to suck money out of your paycheck.  You have no concept, what-so-ever, as to what is going to happen.  If you did, trust me, you would talk about and care about nothing else.  I don't know how many times I have told you this but the real culprit behind the Curtin pulling all the levers causing all the flames is The Federal Reserve.  They are controlling our Government and our very lives on a daily basis.  We need to pull them out by the roots or we'll never get out of the mess we're in.  We need to get back to the gold standard and quick!
Gas Prices Soar 9-Cents in 2 Weeks  
MoneyNews

Monday, March 10, 2008
   
NEW YORK -- U.S. average retail gasoline prices have reached a new high of almost $3.20 per gallon and will likely jump another 20 to 30 cents in the next month, worsening the pain of consumers struggling to make ends meet in an economic downturn.
Gasoline prices are rising sharply as refiners, who have kept prices down in order to compete for sales, become more willing to pass on their higher costs of crude oil, according to an industry analyst on Sunday.
The national average for self-serve regular unleaded gas was nearly $3.20 a gallon on March 7, up about 9.44 cents per gallon in the past two weeks, according to the nationwide Lundberg survey of about 7,000 gas stations. The price has risen 64 cents per gallon in the past 12 months.
"The price increase was entirely due to the higher costs of crude oil," said survey editor Trilby Lundberg. Although the latest price represents a nominal all-time high, when adjusted for inflation it is a smidgen below the record of $3.18 per gallon reached on May 18, 2007, Lundberg said.
Lundberg said things will likely get worse, with prices at the pump rising 20 to 30 cents per gallon in the next month as refiners begin passing on to customers more of their higher costs for crude oil. "Should prices indeed rise 20 to 30 cents, they would vastly exceed previous prices on an inflation-adjusted basis," Lundberg said.
Refiners since last spring have deliberately refrained from passing on their higher costs for crude oil, in order to compete for sales, she said.
"But refiner profit margins have become so slim that they will now raise prices to recover their lost margins," said Lundberg. Likewise, she said retailers will also be less willing to hold back from passing on their higher costs to drivers.
Moreover, prices will also rise because of the return to daylight savings time and the approach of warmer weather, Lundberg said.
"Spring demand growth will soak up the current surplus of U.S. gasoline and put more pressure on prices," Lundberg said. At $3.58 a gallon, the San Francisco Bay Area had the highest latest average price for self-serve regular unleaded gas on March 7, while the lowest price was $2.95 in Cheyenne, Wyoming.

The average U.S. diesel price was $3.80 a gallon in the latest survey, up 22 cents a gallon from two weeks ago, and $1.02 higher than this time last year.

March 10, 2008 06:10 PM    View printable version     Link to this comment   
Member Since:
August 6, 2007
Comment updated March 10, 2008 06:16 PM
FeedFwd said:

Capt,

Wish you could fix the page width on this.  BTW, if you want to know the real inflation rate, just look at the price of gold.  You can compare with silver to make sure there isn't something funny going on with supply and demand, but normally gold is a good measure of inflation.  Oil turns out to be a decent proxy as well, but it is more subject to supply/demand shifts and to politics.  When oil and gold are rising, you know the Fed's printing presses are working overtime. 

As you can see I fixed it. - - -

With regards to gold:

I have studied the Gold market for years.  I remember back in the early eighties when everybody was saying that gold was going up to $800.00 to $1000.00.  After my research I predicted that not only would it not go up, it would go down to $225.00 or so.  I was off by one dollar.

  

Gold is linked to oil, if oil goes up, Gold will go up.  Gold is also a hedge against economic scares, as you probably know FeedFwd.  And yes Gold is a safe haven against The Fed printing presses.

  

I am a little afraid of Gold right now because I am wondering how long the American public, which I only wish we would realize how much power we still have as a group, but are soon to loose if we don't use it (to reverse the trend against individual Freedom), will be quite and suffer the pains caused by the environmentalists and our Communist / Socialist slanted Government as controlled by The Fed (The Matrix).   As far as the Gold market is concerned I am afraid there is some line, where the heck that line is I just don't know, but some line where the cost of energy is going to finally set off the American people.  I would have hoped it would have been about $1.50 ago.  But it exists somewhere.  How long can our economy take this beating?  Anyway, once the American public gets mad enough they will DEMAND that Government legalize exploration for oil and gas and the price of crude will go down by $10.00 a barrel overnight and over the next couple weeks it will go down another $20.00 or so.  Then Gold will make a major correction, right behind Oil.

  

Over the years oil and gold will still slip down until just before the collapse of "The Matrix" when oil and gold will decouple and gold will skyrocket up because the world will realize that America is going back to the gold standard.  That is our next chance to buy.  That is our opportunity my friend.  Perhaps we will, with that investment, be able to weather out the Cold Turkey jitters of getting off the addiction of the illicit drug of The Fed that most Americans are going to have to suffer, with or without the war.  Personally I doubt we are going to get off without a war.  I just don't see the monster that is The Matrix laying down with out some kind of massive physical battle.  They own our Government, they own our homes, our cars our land, our army.  I find it hard to believe they are just going to let us take it all without a battle.  There may be a slim chance by the work of We The People Congress that we "may" avoid the war.  And we are trying.  But the snowball in hell is melting fast.

  Buy gold just before the war starts or otherwise when you see The Matrix collapsing.  The Matrix is having one hell of a time right now trying to keep the façade, that Americans have programmed in their minds, going right now because of the financial tumult that happens when one private company is trying to run literally everything including our Government and each one of us.  This just might push the war / Marshal Law too soon before our fellow countrymen are mentally ready.  I hope we don't get caught with our pants down.  I don't think its going to happen too soon.  I think we have time yet.  I think we'll see more signs before it happens.  But if you see a lot more banks, especially big banks failing man, buy gold and hold onto you guns, literally!  Because they will be coming.  My question, how many of our soldiers are going to accept their orders?   Yeah I know, that’s the reason Canada has been signed on to the agreement to invade America if there is an uprising.  Yeah it’s scary.  Just be prepared.  And educate others. 
I think we have at least a few years.  The Matrix is very powerful.  They have the Democrats which give them hope that much needed taxes will be raised, but they also know that this will diminish the economy, so to them this is a double edged sword.  You see they need money and a lot of it to hold the fake world together that only exists in our programmed minds.  That takes a lot of power and a lot of money.  
 Right now, without amnesty and the NAU they just don’t have enough to hold it together. And that is their weakness.  That is our only hope for FREEDOM from them and our Government.  When the time comes we must be ready to seize the moment.  But we must also be mentally ready to see the world as it really exists, outside of The Matrix, and learn to live and survive in it until Freedom brings back our prosperity over time and hard work.
March 10, 2008 06:20 PM    View printable version     Link to this comment   
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February 9, 2008
FeedFWD, Capt. Karl, you are making too much sense. Co2 is a natural occurance, everything else is just a new trend to make some 'elite group' feel important.  If you really want to fix a 'possible global warming trend' tell Nancy P. not to get hysterical all the time.

2 Chronicles 7:14
March 10, 2008 06:27 PM    View printable version     Link to this comment   
Member Since:
August 6, 2007
elaina said: FeedFWD, Capt. Karl, you are making too much sense. Co2 is a natural occurance, everything else is just a new trend to make some 'elite group' feel important.  If you really want to fix a 'possible global warming trend' tell Nancy P. not to get hysterical all the time.

 

elaina, you just made me laugh!  That is good!  But if I told her that, her eyes might actually blink, despite the botox.  Ha Ha!

 

I wonder how much "free stuff" in the form of pork barrel she has to bring into California to get people to elect her all the time.
March 12, 2008 08:26 PM    View printable version     Link to this comment   
Member Since:
March 8, 2007
I feel one of the real reasons the oil prices are going out of sight is the Bush tax cuts for thr wealthy.  It released so much money that had no productive uses and ended up in hedge funds and speculating on commodities.  This has resulted in a big tax on the working classes. There has been no shortage of supplies just bogus and manufactured excuses.   
March 12, 2008 09:12 PM    View printable version     Link to this comment   
Member Since:
August 6, 2007
Comment updated March 13, 2008 05:46 PM
Hoosiers said: I feel one of the real reasons the oil prices are going out of sight is the Bush tax cuts for thr wealthy.  It released so much money that had no productive uses and ended up in hedge funds and speculating on commodities.  This has resulted in a big tax on the working classes. There has been no shortage of supplies just bogus and manufactured excuses.   

 

Hooisers,

According to The U.S. Constitution and a Supreme Court finding in 1919 there are not supposed to be any Income Taxes, on the average American citizen, in their present form.  There are very good reasons for this.

Our country existed for almost ONE HUNDRED FIFTY YEARS without Income Taxes.  During the last three decades of this area The United States of America had the largest increase and growth in the economy and personal INDIVIDUAL wealth in all of history, including and especially recent history.  During these years, without income taxes, America became a SuperPower.

I don't know how to tell you this but, I'm sorry, you need to learn about economics and the history of The United States which is the history of FREEDOM.  The United States was the first experiment in FREEDOM.  Do you know, in short, what FREEDOM means in terms of how our founding fathers wrote about it?  Their writings indicate that Freedom means: FREEDOM from Government.

Anytime taxes are lowered it results in the increase of FREEDOM.  Freedom is the greatest generator of wealth ever created.   And it was created and bestowed upon us by God.  Anytime we can get closer to Godly freedom, it will improve the economy and increase the wealth of the vast majority of those participating there in.

If we could go back to the strick application of the Constitution there would be no income taxes and the power of freedom would create a prosperity for our country that would be unimaginable for the VAST VAST VAST number of our fellow countrymen.  It would also provide for brotherly love and care for thy neighbor as God meant it to be.  For the cold callous hand of Government would be wrapped in the chains of The Constitution as they were meant, according to our founding fathers, to be.  We would not be subject to a Social Security "number" but rather we would be recognized by our names.
March 12, 2008 09:29 PM    View printable version     Link to this comment   
Member Since:
August 8, 2007
Hoosiers said: I feel one of the real reasons the oil prices are going out of sight is the Bush tax cuts for thr wealthy.  It released so much money that had no productive uses and ended up in hedge funds and speculating on commodities.  This has resulted in a big tax on the working classes. There has been no shortage of supplies just bogus and manufactured excuses.   

 

Hoosiers, you've got a very unique sense of humor. Oh, man, I ain't had such a good laugh in a long, long time! Thank you, kindly. I'm much obliged to you.

                                                           Texas Tommy                               



"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds. SAMUEL ADAMS "When principles that run against your deepest convictions begin to win the day, that battle is your calling, and peace has become sin. You must at the price of dearest peace lay your convictions bare before friend and enemy, with all the fire of your faith." Abraham Kuyper
March 12, 2008 09:41 PM    View printable version     Link to this comment   
Member Since:
March 8, 2007
Well all of you free traders explain why the price goes up on a product that has never been  in short supply in the last year but is tripling in price. I watched all those lame excuses they put out each day and not a one would stand up to examination.

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