Daily Commentary – Wednesday, January 20, 2016 – The Price of Gas Has Fallen Along With the Cost of a Barrell of Oil
- In some areas of Michigan it’s been as low as 47 cents per gallon. That’s 1/2 of what it is in Canada and 1/6 of what it is in Southern California. There is a glut of oil on the market
Daily Commentary – Wednesday, January 20, 2016 Download
WOW, 47 CENTS A GALLON … WELL ACTUALLY 47.9 CENTS.
Gas prices hit an amazing low of 47 cents a gallon in as a price war broke out between three gas stations in in Houghton Lake, Michigan. I cannot even remember when gas prices were that low. You could imagine the reaction by Americans when they saw prices fall to such a low price. Could you imagine being able to fill your car up from with an empty tank for less than $9.00? Of course these low gas prices and cost for barrels of oil are having other adverse affects on our economy.
The price of gas hit a stunning low — just 47 cents per gallon — in Michigan on Sunday.
Michigan was the first state to have gas under $1 in likely over a decade, Patrick DeHaan, senior petroleum analyst at GasBuddy.com, told ABC News today.
A gas station in Houghton Lake, Michigan, hit the 47 cents mark after a price war between three stations in the town, DeHaan said.
GasBuddy.com’s data goes back to 2000 and DeHaan said he couldn’t find any other averages that low in the U.S.
“This is something we don’t see often at all or ever,” DeHann said. “That’s unheard of.”
DeHann said he believed the next lowest price in the country was about $1.29, at a station in Virginia.
Thanks Barack, as Americans are squeezed at the pump this 4th of July.
The current national average price of gas is 23 cents per gallon more expensive than it was on the Fourth of July last year, the highest since 2008. Can no one see the parallel and irony that on this 4th of July gas prices will be at a six year high due dependence on foreign oil and the turmoil and unrest in the Middle East and American Independence Day? When will the United States begin an energy policy in this country of “energy” independence, instead of a war on oil, coal and any other form of energy that the Obama administration does not deem “green”?
Gas prices are expected to be at the highest level in six years for the Fourth of July holiday. Yes, the gas prices are set to raise on national independence day.
Regular gasoline peaked at a national average of $3.98 a gallon in early May. The current national average price of gas is 23 cents per gallon more expensive than it was on the Fourth of July last year. The highest was seen in 2008. The highest record was $4.11 a gallon in 2008.
“We’re going to see the highest July 4th prices since 2008, and we probably wouldn’t have, if it weren’t for Iraq,” said Tom Kloza, chief oil analyst at GasBuddy.com. “I certainly would not rule out if something happens near Basra or south of Baghdad, we would see national prices make a pass at $4…but I just don’t see a fuel apocalypse in North America this year.”
“Although gas prices in the Southeast remained relatively stable from last week, it wouldn’t be surprising to see gas prices inch up slightly before the holiday weekend,” said Jessica Brady, AAA spokeswoman with The Auto Club Group. “Even though pump prices are higher than they were this time last year, they are not expected to deter holiday travelers.”
Gas prices used to depreciate in the upcoming weeks of the holiday in previous years, but that’s not the case this summer.
AAA Travel reports the statewide average price of gas is $3.71 for a gallon of regular unleaded. It was $3.48 last year on the Fourth.
It’s settled science … bio-fuels made from corn worse than gas in emitting greenhouse gases …
What say you Barack Obama, Al Gore and the rest? According to a federal government paid for study, bio-fuels made from leftovers of harvested corn plants release 7% more greenhouse gases as compared to conventional, evil gasoline. Let me repeat that, this was a paid for federal government study. So not only are we creating a fuel that is more harmful, as they say, to the environment, they are taking the food source away from human and animal usage.
Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration’s conclusions that they are a much cleaner oil alternative and will help combat climate change.
A $500,000 study paid for by the federal government and released Sunday in the peer-reviewed journal Nature Climate Change concludes that biofuels made with corn residue release 7 percent more greenhouse gases in the early years compared with conventional gasoline.
While biofuels are better in the long run, the study says they won’t meet a standard set in a 2007 energy law to qualify as renewable fuel.
build subsidies it, it will fail …
Hate it when that happens, eh environmental wackos? Here comes the priceless part, the LEFT and Obama admin officials is criticizing the study as flawed. HAHAHA!!! What’s the matter, don’t like it when the results that you paid for don’t fit your liberal agenda? These are the people that demonize those that do not believe that man is responsible for global warming, oh sorry what do they call it these days, climate change.
The conclusions deal a blow to what are known as cellulosic biofuels, which have received more than a billion dollars in federal support but have struggled to meet volume targets mandated by law. About half of the initial market in cellulosics is expected to be derived from corn residue.
The biofuel industry and administration officials immediately criticized the research as flawed. They said it was too simplistic in its analysis of carbon loss from soil, which can vary over a single field, and vastly overestimated how much residue farmers actually would remove once the market gets underway.
OK, can we please stop pretending biofuel made from corn is helping the planet and the environment? With huge subsidies for ethanol in gasoline, with all States now selling gasoline having some ethanol blend, and a general misconception that these biofuels are green, corn ethanol has taken on a $30 billion/yr life of its own.
The United Nations Intergovernmental Panel on Climate Change released two of its Working Group reports at the end of last month (WGI and WGIII), and their short discussion of biofuels has ignited a fierce debate as to whether they’re of any environmental benefit at all.
Daily Commentary – Friday, February 14, 2014 – Gas Station in Woodstock Illinois Becomes Most Popular
- When glitch in the system drops gas to one penny per gallon
Daily Commentary – Friday, February 14, 2014 Download
Just what we needed for the rest of the summer as individuals try and take vacations the rest of the Summer or have to commute to work. Gas prices are expected to rise due to the unrest in the Middle East in Egypt and a drop in oil supplies.
Gas prices are heading up again.
Rising crude oil prices and a fall in U.S. supplies are driving wholesale gas prices up sharply. That has yet to be fully reflected at the retail level.
Prices at the pump — up 4 cents the past week to a national average of $3.52 a gallon — could climb another 15 cents or higher over the next two weeks. A year ago, the national average was $3.38.
“It’s getting ugly,” says Patrick DeHaan, senior analyst for GasBuddy.com. “First and foremost, the political problems in Egypt are driving crude oil prices, but there has also been a sharp drop in oil supplies the past two weeks. This is coming at a time when demand is at its annual July peak.”
This is still America, right?
In the end, the New York City Marathon has been canceled and will not be “run” on Sunday. Just hours after a fool-hearty Mayor Bloomberg supported the decision for the race to go forward, he backtracked on that decision after much criticism. However, the fact that the marathon was even contemplated to go forward shows just how little politicians really think of “We the People”.
“We would not want a cloud to hang over the race or its participants, and so we have decided to cancel it,” Bloomberg added. “We cannot allow a controversy over an athletic event — even one as meaningful as this — to distract attention away from all the critically important work that is being done to recover from the storm and get our city back on track.”
A note to Mayor Bloomberg, not sporting event is as important as the disaster, death and destruction of “We the People”. What fool actually thought that the NYC Marathon should have been run at all as individuals in the five boroughs of New York are struggling after Hurricane Sandy? We have seen nothing but death and destruction in the wake of Hurricane Sandy and contrary to Obama’s photo-ops and playing president, local politicians patting themselves on the back for a job well done … ALL IS NOT WELL!
How could anyone justifying going forward with a stupid road race as those in NY struggle to find food and water? They are without power, gas and heat and Bloomberg originally wanted to have a “Let them eat cake” moment and go ahead with a marathon? UNBELIEVABLE. Were the runners supposed to dodge the debris and bodies long the route? Were the runners supposed to grab water at marathon water stops as victims of Sandy did without? More than that, how did anyone justify bring people into NYC, filling up hotel rooms and using NYC resources as its citizens cried out for help?
Of course the race should not go forward and thankfully some one was shamed into canceling it. What would the reaction have been to run a marathon following Hurricane Katrina? No Sandy was not Katrina, but can we at least find the missing and the dead following the wrath of Sandy before the high and mighty decide to go for a jog?
REMEMBER WHEN GAS WAS UNDER $2/GAL? OF COURSE NOT, THAT WOULD REQUIRE THE MEDIA TO ACTUALLY CARE TO REPORT IT.
Remember when Barack Obama was trashing Republicans for the high price of gas during the 2008 Presidential election? The gas prices have more than doubled, $1.84 to $3.85, since Obama took office, yet the silence in deafening from the MSM informing America. The corrupt liberal media complex is so in the tank, pardon the pun, that it would be simply unheard of for the media to remind America that they are not better off today than they were four years ago.
From CNS News:
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.
Just curious, what energy independence plan did Obama come up with in the last four years? Question two, who thinks if Obama was a Republican that the price of gas and unemployment rate would lead every new broadcast?
This is what happens when you have a President that refuses to drill and refine our own resources and instead has a War on Oil.
The Clown Prince, Barack Obama, The Comedian in Chief can joke all he wants on the campaign trial about Mitt Romney and the RNC Convention being on black & white TV. I think anyone in America would take the prices of gas in those good ole days and the GDP of that era as well. However President Obama, no one is laughing at the cost of gas at the pump. Barack Obama has set another record as President, the highest gas prices on Labor Day in history.
Democrats arrived in Charlotte on Monday to an ill-timed reminder of one of the issues plaguing President Barack Obama’s reelection bid: high gasoline prices.
Prices at the pump reached a national average of $3.83 Monday, according to AAA, setting a record high for a Labor Day. The previous Labor Day record of $3.69 was set in 2008, at the height of the last presidential election fight.
President Obama Wants Higher Energy Prices … Obama wanted gas prices in the US the same as they were in Europe, $10/gal.
Video Hat Tip: Ed Driscoll
Gas prices have increased by 23 cents in the past month during the height of the summer driving season. But AAA predicts that Obama, who has faced sustained attacks from Republicans over gas prices, will get a respite in the coming weeks once refineries that shut down as a result of Hurricane Isaac reopen.
This President is just so funny. He gets up in front of his Kool-Aid, mind numb robots and asses around, cracking jokes as the American economy implodes, gas prices skyrocket and the National debt is about to hit $16,000,000,000. Yeah, a laugh riot you idiot. But of course Obama does not want to talk about the escalating gas prices, his blocking of the Keystone XL pipeline, and his war on oil. Imagine if America actually had an energy policy that really was an “all of the above” one, rather than Obama’s liberal inept and failed “green” energy agenda.
Patches O’ Hoolihan Would be Proud, Obama’s Senior Adviser David Axelrod Dodges Whether Americans Better Off Than Years Ago … Axelrod Masters the 5 D’s of Dodgeball, Dodge, Duck, Dip, Dive & Dodge (So Does Plouffe)
We have finally found the theme of the Barack Obama reelection campaign. It’s not “Forward” … ITS DODGE!!!
This morning on Fox News Sunday with Chris Wallace, President Barack Obama’s chief adviser David Axelrod refused to answer the question that all incumbent reelection campaigns have to, is America better off than they were four years ago? Instead, Axelrod did his best dodge that only Patches O’ Hoolihan of the movie ‘Dodgeball’ could have been proud of. For Axelrod and Team Obama, “if you can dodge a wrench, you can dodge a political question about the failed Obama economic policies”. Axelrod actually said, “that we are in a better position today than we were four years ago.” This is what they are going to tell the American people? Seriously, how does an incumbent President not going to answer questions on his record? Axelrod and Obama actually think they are going to run the campaign based on the 5 D’s of Dodgeball … “dodge, dip, duck, dive and, um dodge”.
As stated at Hot Air, how pathetic and telling is it that the head of Obama’s reelection team suddenly goes mute and tries to run away from the question by talking about the tough environment Barack Obama inherited. Wallace used the following stats, Unemployment: 7.8% then, 8.3% now – Median income: $54,983 then, $50,964 now – Gas prices: $1.85 per gallon then, $3.78 now – National debt: $10.6 trillion then, $15.9 trillion now and expected to go over $16 trillion during the Democrat National Convention.
Also on ABC’s ‘This Week’ George Stephanopoulosasked Obama’s senior White House adviser David Plouffe whether Americans are better off today than they were four years ago. Plouffe also dodged the question as he was taught as opined by the Lonely Conservative, if you can’t answer the question, just avoid it. In other words … “if you can dodge a car, you can dodge an economic question of the failed Obama presidency.
Asked the same question repeatedly host George Stephanopoulos on ABC’s “This Week,” President Barack Obama’s senior White House adviser, David Plouffe, reverted to talking points about job creation and the failings of the Bush administration.
“We were this close to a Great Depression,” Plouffe said at one point, pinching his thumb to his index finger.
Stephanopoulos cut him short.
“You still can’t say yes,” he told Plouffe.
As Doug Ross stated, look for the Obama minions to only appear on the complicit, corrupt media complex and away from Fox News where they might actually be asked and expected to answer a question. Now the question is will the liberal, in the tank media and the moderators ask the question to Obama during the debates?
Mandatory Viewing for All Obama reelection mouthpieces … The 5 D’s of political dodgeball” Dodge, Duck, Dip, Dive and Dodge!