It doesn’t look like the pain at the gas pump will be easing anytime soon since prices have soared in the past month due to tension in the Middle East.
Iran cut off oil to European countries, as a pre-emptive strike for the European Union's tough new sanctions over its nuclear program.
As a result, over the past month, gas prices have soared 18 cents a gallon, and it might get even worse.
8 comments:
Can't wait to see what Obama is going to do about this. Oh I know, NOTHING!!! Just like he is, a big ole - NOTHING!!!!!!!!!!!!!!!!!!!!!!!!!
He has got to go!!!!!!!!!
When gas was approaching $4 a gallon under Bush, the hypocrites in the media were screaming bloody murder and blaming the president. Under Obama, there is a deafening silence. The only real difference is that this time, the president really is (at least partly) responsible (i.e.-blocking the Canadian pipeline and all new exploration). Where's the outrage among the "journalists"?
more buffoonery from both of you.
When Bush came into office, oil avg. annaually just under $36 a barrel. Prices continued to climb and to an avg. of just under $96 per barrel. This includes spikes of over $120 per barrel. This was with 6 years of the supposed oil baron, drill baby drill complete control of the fed gov.
So if you really think that the pres. somehow controls oil prices and the current spike is all Obama's fault, it seems obvious the clowns on the right also don't have the answer.
How about you get real and realize that these companies are making money hand over fist and have no real interest in bringing down the price anywhere near to what we the consumer would like to see it.
The prices will come down right before election time. They always do. Mr. Prez will release some of our reserves.
836-Talk about buffoonery, oil companies on average make 6.3 cents of profit on every dollar. Middle of the road in terms of profit margins compared to every other industry in the world. And "blaming" the oil companies for the price is assbackwards. Oil is traded on the open market, and ONLY in USD(another reason for it's increase).
836,
I specifically said "have no real interest in bringing down the price". This isn't blaming anyone, just a simple statement of the facts. The real point was that the current trend has been ongoing for over 10 years with only a dip during the duldrums of the recession. Hence those on the right screaming about "Obama's gas increases" seem to forget that oil was over $120 up until the bottom dropped out of the stock market.
Not to mention that despite your "middle of the road" assertion, these companies account for 8 of the top 20 most profitable countries in the world. Hows that for middle of the road.
I know, I know, Obama single-handedly raised the gas prices in order to usher in the muslim socialist state all so he could take over your medicare.
Apple surged past Exxon and is said to be worth about $738 Billion now.
If it wasn't because of the tension in the middle east, another reason would have been concocted. We hear all of the excuses every time.
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