Time for gas prices to go back up...

[Walsted]

I've noticed that gas prices have been creeping downward, recently. I guess it is time for that to change....

Congress will be back in session, soon (http://www.freep.com/apps/pbcs.dll/article?AID=/20070904/NEWS07/709040315), and the Democrats in Congress plan on starting the useless "withdrawl from Iraq" rhetoric. They don't have the votes needed to accomplish anything along those lines, and I believe their constant harping just adds uncertainty to the oil market, exerting an upward pressure on fuel prices. Hopefully the end of the summer driving season will have more of a downward pressure, and hopefully it will be strong enough to counter the winter increase in heating oil demand.

I think I'd rather just hear them harp on the evils of gay-bathroom-sex. At least that doesn't affect fuel prices.

Others may disagree.

[Vertnut]

I've noticed that gas prices have been creeping downward, recently. I guess it is time for that to change....

Congress will be back in session, soon (http://www.freep.com/apps/pbcs.dll/article?AID=/20070904/NEWS07/709040315), and the Democrats in Congress plan on starting the useless "withdrawl from Iraq" rhetoric. They don't have the votes needed to accomplish anything along those lines, and I believe their constant harping just adds uncertainty to the oil market, exerting an upward pressure on fuel prices. Hopefully the end of the summer driving season will have more of a downward pressure, and hopefully it will be strong enough to counter the winter increase in heating oil demand.

I think I'd rather just hear them harp on the evils of gay-bathroom-sex. At least that doesn't affect fuel prices.

Others may disagree.
You have a good example of why congress has a lower approval rating than Bush. They have nothing to contribute toward fixing something, but continue to beat that dead horse of "withdrawal". It means a lot more to the Dems to get/keep control of the whitehouse, than to actually help the American people. I also understand that the Reps are not much better, as they've had plenty of time to work on some issues that have not been addressed. So....we wait in limbo, until the next election to see who will possess the power to get nothing done. ;)

[mikeb]

All that this congress is interested in is investigations and bullshit "feel good" actions. And the american people have figured that out. God help us if we pull out of Iraq; Iran stands willing and able to replace us there.

[line-em-up]

Give me a break. Your bullshit reason for blaming the Dems for gas price increases makes as much sense as accusing GW of going to war for oil.

[jyro]

Give me a break. Your bullshit reason for blaming the Dems for gas price increases makes as much sense as accusing GW of going to war for oil.


just a few



Rep. Jim Oberstar, D-Minn., proposed a 5-cent increase in the 18.3 cents-a-gallon federal gasoline tax to establish a trust fund for repairing or replacing structurally deficient highway bridges. Oberstar is the Democratic chairman of the House Transportation Committee.

Middlesex County Democrat John Wisniewski, chairman of the Assembly Transportation Committee, called for bipartisan support to raise the 14.5-cent-a-gallon tax. Actually, it was more like a kick than a raise - as much as 15 cents a gallon more.

House Democrats capped their "100 hours" agenda with the passage of an energy bill yesterday, The measure passed yesterday would repeal a tax break oil and gas firms received in 2004 that effectively lowered their corporate tax rates. It would also bar oil companies from bidding on new federal leases unless they pay a fee on or renegotiated improperly drafted leases from 1998 and 1999 that did not require royalty payments on Gulf of Mexico production. And the bill would take the estimated $13 billion to $15 billion in revenues over a five-year period and set the money aside for tax breaks and appropriations that would go to renewable energy sources.


House Democrats are crafting an energy package that would roll back billions of dollars worth of oil drilling incentives, raise billions more by boosting federal royalties paid by oil and gas companies for offshore production, and plow the money into new tax breaks for renewable energy sources, congressional sources said yesterday.

The New York Times reports that a House bill popular with Republican congressmen that would have lifted a 25-year moratorium on offshore drilling in previously protected areas will likely be scuttled now that Democrats have reclaimed majority rule in Congress.

[mikeb]

House Democrats are crafting an energy package that would roll back billions of dollars worth of oil drilling incentives, raise billions more by boosting federal royalties paid by oil and gas companies for offshore production, and plow the money into new tax breaks for renewable energy sources, congressional sources said yesterday.

The New York Times reports that a House bill popular with Republican congressmen that would have lifted a 25-year moratorium on offshore drilling in previously protected areas will likely be scuttled now that Democrats have reclaimed majority rule in Congress.

It's 1980 again!

http://www.historyplace.com/specials/calendar/docs-pix/jimmy-carter2.jpg

Some of ya'll are old enough to remember the disastrous energy policies of the carter administration :( This new legislation by the dems seems very similar. I know that jyro remembers.

[Walsted]

Give me a break. Your bullshit reason for blaming the Dems for gas price increases makes as much sense as accusing GW of going to war for oil.
Were you not paying attention the last time Congress was in session? If not, here is the quick review: Whenever rhetoric from Congress or the White House pointed toward a less stable Middle East, the price of oil went up. Discussions about withdrawing from Iraq preceded price increases, as did rumors about attacking Iran. With Congress at recess, I've noticed that prices have been drifting downward. I know that correlation does not mean causation, but I think it works in this case.

I would be happy to be wrong about this, and I hope I am and gas prices continue to decrease despite the useless withdrawl discussions. I don't see it happening, though.

[Paladin]

just a few



Rep. Jim Oberstar, D-Minn., proposed a 5-cent increase in the 18.3 cents-a-gallon federal gasoline tax to establish a trust fund for repairing or replacing structurally deficient highway bridges. Oberstar is the Democratic chairman of the House Transportation Committee.

Middlesex County Democrat John Wisniewski, chairman of the Assembly Transportation Committee, called for bipartisan support to raise the 14.5-cent-a-gallon tax. Actually, it was more like a kick than a raise - as much as 15 cents a gallon more.

House Democrats capped their "100 hours" agenda with the passage of an energy bill yesterday, The measure passed yesterday would repeal a tax break oil and gas firms received in 2004 that effectively lowered their corporate tax rates. It would also bar oil companies from bidding on new federal leases unless they pay a fee on or renegotiated improperly drafted leases from 1998 and 1999 that did not require royalty payments on Gulf of Mexico production. And the bill would take the estimated $13 billion to $15 billion in revenues over a five-year period and set the money aside for tax breaks and appropriations that would go to renewable energy sources.


House Democrats are crafting an energy package that would roll back billions of dollars worth of oil drilling incentives, raise billions more by boosting federal royalties paid by oil and gas companies for offshore production, and plow the money into new tax breaks for renewable energy sources, congressional sources said yesterday.

The New York Times reports that a House bill popular with Republican congressmen that would have lifted a 25-year moratorium on offshore drilling in previously protected areas will likely be scuttled now that Democrats have reclaimed majority rule in Congress.

Damn, I am glad you have never decided to pick my posts apart, you are brutal to those you do choose. :eek:

[Paladin]

You have a good example of why congress has a lower approval rating than Bush. They have nothing to contribute toward fixing something, but continue to beat that dead horse of "withdrawal". It means a lot more to the Dems to get/keep control of the whitehouse, than to actually help the American people. I also understand that the Reps are not much better, as they've had plenty of time to work on some issues that have not been addressed. So....we wait in limbo, until the next election to see who will possess the power to get nothing done. ;)

Isn't it funny how the crowd of Bush haters who thought approval ratings were so important have gone silent now that their Democratic controlled congress has lower approval ratings? The silly liberals never do learn. LOL

[White trash wagon]

Isn't it funny how the crowd of Bush haters who thought approval ratings were so important have gone silent now that their Democratic controlled congress has lower approval ratings? The silly liberals never do learn. LOL

I'm not defending our lame congress, whether it's Democrook or Republicrook run. But congress's approval rating was in the mid 20's when the GOP was in control.

Something like 40-50 cents of the price of gasoline is taxes, what did the GOP do about that the 12 years they were in power?................ NOTHING!!!!!!!

What did the GOP do for border control for that 12 years? What did Bush do? What did the Democrats do? NOTHING!!!!!!!!!!

Scott

[D]

Gas went from $2.65 yesterday to $2.63 today here where I get gas. :confused:

[Paladin]

I'm not defending our lame congress, whether it's Democrook or Republicrook run. But congress's approval rating was in the mid 20's when the GOP was in control.

Something like 40-50 cents of the price of gasoline is taxes, what did the GOP do about that the 12 years they were in power?................ NOTHING!!!!!!!

What did the GOP do for border control for that 12 years? What did Bush do? What did the Democrats do? NOTHING!!!!!!!!!!

Scott

My point is that liberals tend to think polls are real important when Republicans are low but seem to lose interest when Dems are low.

[line-em-up]

My point is that liberals tend to think polls are real important when Republicans are low but seem to lose interest when Dems are low.

Of course they're not going to crow about how bad they suck. :)

To act like the dems are the only ones that do that isn't totally accurate.

[Mustangman_2000]

LOL @ blaming the Democrats for gas prices.

Gas prices are actually falling right now, as they traditionally do following labor day weekend. There are also supply side issues that affect modern gasoline prices.

And, I would like to point out that I was paying over $3 gallon for a good while prior to the Democrats regaining control Nov. 2006 All of this happening while companies like Exxon were reporting record profits from fleecing the American people at the pump.

What the Democrats have done is legislate and approve the No Oil Production and Exporting Cartels Act. This addresses price gouging from big oil companies and make it a federal crime, addressing foreign companies acting as cartels, and keep a more watchful eye on big corporate mergers to protect consumers.

Republicans controlled Congress for 12 years and now we are pointing fingers at the Democrats after less than a year. That's comical.

[Walsted]

LOL @ blaming the Democrats for gas prices.

Gas prices are actually falling right now, as they traditionally do following labor day weekend. There are also supply side issues that affect modern gasoline prices.
I hope that continues. The prices of oil I heard on the radio on the way home seem to indicate differently.

And, I would like to point out that I was paying over $3 gallon for a good while prior to the Democrats regaining control Nov. 2006 All of this happening while companies like Exxon were reporting record profits from fleecing the American people at the pump.
Yes, that is true. Even in the months prior to the Democrats gaining control, though, when rhetoric about withdrawing from Iraq or invading Iran was being spewed from Washington, prices would rise due to fears about the stability of supplies.

What the Democrats have done is legislate and approve the No Oil Production and Exporting Cartels Act. This addresses price gouging from big oil companies and make it a federal crime, addressing foreign companies acting as cartels, and keep a more watchful eye on big corporate mergers to protect consumers.

Oil is a commodity. True "price gouging" isn't going to happen with commodities on a large scale, because, well, commodities are commodities, and thus, market manipulation is extremely difficult. Consequently, that legislation cannot help prices, so, on the large scale, it can either be benign or hurt prices. Since it can't help, why bother?

Republicans controlled Congress for 12 years and now we are pointing fingers at the Democrats after less than a year. That's comical.
I would be pointing fingers at whoever is spouting useless BS, driving up fuel prices, solely for political gain.

Maybe I stated it wrong in the beginning- the point isn't about bashing the Democrats so much as wishing they would keep their mouths' shut about issues they can't change when their BS affects my wallet. If the Republicans start any invade Iran rhetoric that they can't do anything about, feel free to run a find-and-replace and repost this.

[Treadhead]

Regular unleaded went up 10 cents over here in one day. I filled up at $2.55gal Wed morning on the way home from work and when I went back to work Wed night it was $2.65gal. That is just plain ridiculous! Did I miss some warmongering talk or what? I haven't been watching the news much lately.

[mikeb]

Regular unleaded went up 10 cents over here in one day. I filled up at $2.55gal Wed morning on the way home from work and when I went back to work Wed night it was $2.65gal. That is just plain ridiculous! Did I miss some warmongering talk or what? I haven't been watching the news much lately.

Things are heating up between israel and syria right now and apparently inventory of gasoline is down in the US and there have also been two cat 5 hurricanes in the gulf. Uncertain times; oil is up about $5 a barrel over last week.

[GhostTX]

Ya, I think a butterfly flapped its wings in Guadacanal...time for prices to go back up.

[Treadhead]

One day later it was back down to $2.58gal! I think they jumped it way up so they could knock it down to a higher price than it was originally and hope we would be thankful.