The Beginning Of The End
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The Price Of Gas Is Outrageous – And It Is Going To Go Even Higher

Does it cost you hundreds of dollars just to get to work each month?  If it does, you are certainly not alone.  There are millions of other Americans in the exact same boat.  In recent years, the price of gas in the United States has gotten so outrageous that it has played a major factor in where millions of American families have decided to live and in what kind of vehicles they have decided to purchase.  Many Americans that have very long commutes to work end up spending thousands of dollars on gas a year.  So when the price of gas starts going up to record levels, people like that really start to feel it.  But the price of gas doesn’t just affect those that drive a lot.  The truth is that the price of gas impacts each and every one of us.  Almost everything that we buy has to be transported, and when the price of gasoline goes up the cost of shipping goods also rises.  The U.S. economy has been structured around cheap oil.  It was assumed that we would always be able to transport massive quantities of goods over vast distances very inexpensively.  Once that paradigm totally breaks down, we are going to be in a huge amount of trouble.  For the moment, the big concern is the stress that higher gas prices are going to put on the budgets of ordinary American families.  Unfortunately, almost everyone agrees that in the short-term the price of gas is going to go even higher.

When you are on a really tight budget and you are already spending several hundred dollars on gas each month, you certainly do not want to hear that gas prices are going to increase even more.

A lot of Americans are moving or are getting different vehicles just because of these outrageous gas prices.  The following comes from a recent Mercury News article….

Katherine Zak, of South San Jose, is searching for an apartment near her new job at Facebook in Palo Alto, partly to cut down the cost of driving. Jeff Benson, of Raymond in the Sierra foothills, typically drives 60,000 to 70,000 miles a year and has traded in his 19 mpg Ford Taurus for a Fusion that gets 33 mpg. And David Thomas says his commute from San Jose to San Francisco is getting so expensive that he and his fiancee are hunting for a house near a BART station in the San Mateo-San Bruno area to shorten his commute and lower his $400-a-month gas bill.

The price of gas is going even higher even though energy consumption is sharply declining in the United States.  Just check out the charts in this article by Charles Hugh Smith.  Americans are using less gasoline and less energy and yet the price of gas continues to go up.

That is not a good sign.

Certainly any decrease that we are seeing in the U.S. is being more than offset by rising demand in places such as China and India.  As emerging economies all over the globe continue to develop this is going to continue to put pressure on gas prices.

So just how bad are gas prices in the U.S. right now?

Just consider the following facts….

-The average price of a gallon of gasoline in the United States is now $3.53.

-The average price of a gallon of gasoline is already higher than $3.70 in Connecticut, Washington D.C. and New York.

-In California, the average price of a gallon of gasoline is $3.96 and there are quite a few cities where it is now above 4 dollars.

-In mid-January 2009, the average price of a gallon of gasoline in the United States was just $1.85.

-The average price of a gallon of gasoline in the United States has risen 25 cents since the beginning of 2012.

-Never before in U.S. history has the price of gasoline been this high so early in the year.

-The Oil Price Information Service is projecting that the price of gas could reach an average of $4.25 a gallon by the end of April.

-The price of oil just keeps going up.  The price for West Texas Intermediate is about 19 percent higher than it was one year ago.

-The price of gasoline is also reaching record highs in many areas of Europe as well.  For example, the price of diesel fuel in the UK recently set a brand new record.

-In 2011, U.S. households spent a whopping 8.4% of their incomes on gasoline.  That percentage has approximately doubled over the past ten years.

But the price of gas is not the only thing making driving much more expensive these days.

All over the country, our politicians have been putting up toll booths.  Most of the time these toll booths are going up on roads that have already been paid for.

After paying an outrageous amount for gas and after paying the outrageous tolls on many of these toll roads, many Americans wonder if it is even worth it to get up in the morning and go to work.

Unfortunately, a couple of new bills in Congress right now would reportedly allow even more highways to be made into toll roads.

It is almost as if they want to force us all to stop driving our cars.

America used to be the land of the open road, but that era is rapidly coming to an end.

Another thing that could put upward pressure on the price of gas is the situation in the Middle East.

Iran has already stopped selling oil to companies in the UK and France, and there is the potential that war could erupt in the Middle East at any time.

If war does erupt, or if commercial traffic through the Strait of Hormuz was interrupted for even a brief time, that would send the global price of oil through the roof.

Approximately 20 percent of all oil sold in the world passes through the Strait of Hormuz.  If the flow of oil was halted, that would change the global economy almost overnight.

So is there any good news?

Well, there is one thing that would likely bring down the price of gas substantially.

A global recession.

Remember what happened back in 2008.

Just like we are seeing right now, the price of gas really spiked early in that year.

Eventually, the price of oil hit an all-time record of $147 a barrel in mid-2008.

But then the financial crisis struck and the price of oil fell like a rock as you can see from the chart below….

So could that happen again?

Certainly.

There are a ton of other parallels between 2008 and 2012.

In both years, we saw global shipping start to slow down dramatically.

In both years, the U.S. was getting ready to hold a presidential election.

In both years, many economists were warning that a great financial crisis was about to strike.

Back in 2008, the epicenter of the financial crisis was on Wall Street.

This time, the epicenter of the financial crisis will probably be in Europe.

Keep your eye on Europe.  A disorderly default by Greece (and potentially even an exit from the eurozone) is looking increasingly likely.

But the problems in Europe are not going to end with Greece.  The entire eurozone is going to be greatly shaken by the time this thing is over.

So yes, if we see another major global recession that will be great news for the price of gas, but it will be really bad news for the millions of people that lose their jobs and their homes.

Unfortunately, we live at a time when the world is becoming extremely unstable.  The great era of peace and prosperity that we have been enjoying is coming to an end.  The global financial system is going to experience a tremendous amount of chaos in the years ahead and that is something we will all need to prepare for.

For now, the price of gas is a major concern for millions upon millions of American families.

Someday, however, we will wish desperately that we could go back to these days.

  • Rodster

    Well today Iran stopped shipments to the UK and France in retaliation for the sanctions. There’s also a supply problem because Iran is now finding other buyers for their fuel.

    Saudi Arabia cut oil output and that’s caused the barrel of oil to spike to $105 as of Sunday. There’s talk of $5 per gallon of oil this summer.

    But hey everything is fine and the economy is doing just fine.

    • http://economicmythsandlies.com Eric

      Yes there is nothing wrong with any of this. Don’t any of you fret.

    • http://lnx-bsp.net/ Tel

      In Australia fairly crappy unleaded mixed with ethanol is sitting around $5.50 per gallon… and I’ll point out that our dollar is significantly stronger than yours. If you want something with octane in it, you will be paying over $6 a gallon.

      Don’t even get me started on electricity prices.

      • Orange Jean

        Do you know what % ethanol is in that gas? Last year around here (Virginia), there was a big ta-dah about the fact some gas stations were putting it at over 10% ethanol (we raise corn in these parts), which can destroy a car’s engine. After the media got a whiff of the problem they started reporting gas stations breaking the rules and eventually the practice stopped.

        • Bone Idle

          Aussie Ethanol comes from sugar cane and is supposed to be regulated to 10 percent.
          In practice the ratio is variable.
          There was some talk about introducing E85 however 99.9% of vehicles on the road can’t use it plus the 80% ratio was too variable from outlet to outlet.

          Ethanol should not be used in pre 1990 cars.
          Many manufacturers complained to the Australian government about the mandating the use of ethanol fuels. The government browbeat the companies into an agreement that ethanol did not cause engine problems.

          The introduction of ethanol was a boon to the oil companies because the vast majority of Australians refuse to use it. This forces the buying public into purchasing the much more expensive higher octane fuels.

    • mondobeyondo

      France and the U.K have other options though. They can get oil from Libya, or Russia.

      We also have options. We can get more oil from Mexico, or Venezuela (although we’re not exactly best buddies with Hugo Chavez).

      But either way, closing the Strait of Hormuz would put the global economy in a choke hold.

  • Craig

    Two comments about your article:

    1. Yes there are a lot of toll roads being built now, and this seems crazy to me. At a time when our federal government is spending 4 trillion dollars/year we have to pay for toll roads? There have been a lot of them go up in the Dallas/Ft. Worth area over the past few years. They are all built by Mexican crews, and the quality is not as good. They have a lot more dips and uneven surfaces than the interstates built in the 60s, 70s, 80s, & 90s.

    2. You mentioned that gas peaked in mid-2008. Here’s a picture I took at a Chevron station on 5/19/2008 in a small town called Cle Elum, WA. This is about the highest I ever saw it, but as you say it could easily go higher. Hey, I guess there is one good thing about being too poor to own a car huh? Haha.

    http://www.pbase.com/craig_c/image/97360635

    http://www.pbase.com/craig_c/owens

  • Mark

    The fact that we are told there is plenty of oil in our own country, and yet we aren’t refining it should mean something.

    Why aren’t we using it? Is it the tree-huggers? Politicians? It isn’t that we have no oil, we aren’t allowed to use it. Our government isn’t as concerned about us as they want us to believe. For the most part our government officials will never flinch at higher gas prices, as most will never have to pay for a gallon of gas for the rest of their lives.

    Higher gas prices are only the start of the downward spiral, yet some will still remain stubborn and refuse to believe that things will get any worse. Refusing to believe in something that is true doesn’t make it a lie. Wake up, America, and smell what the government has been shoveling down our throats…

  • http://worldendsat5newsat11.blogspot.com Tony Lamb

    When gas hits $40 a gallon we old timers (over 20) will say “I remember when you could fill up for a $100 bill and drive for days and fill your tank as much and as many times as you wished, those were the days”.
    See how to survive the coming Economic Collapse at: http://surviving12-21-2012.blogspot.com

  • Bone Idle

    Lucky you guys are in the U.S. Spare a thought for the R.O.W. industrialised nations who are spending up to three times what your prices are.

  • http://www.scoop.it/t/radical-islam Hunter Riley

    Yep, everything is fine. Cramer and the fine folks at CNBC says it is. The stock market is rocketing higher. Thanks Ben! Government stats says the the economy is improving. Apparently we are awash in disposable income. The folks can’t wait for the next iPad upgrade. What’s a few extra hundred bucks a month for gas? That’s what credit cards are for.

  • Imaplaneiac

    Any fellow bloggers who have visited, lived or worked in Europe or Japan – as have I – can attest that the cost of gasoline there has been substantially HIGHER that here in US! Depending on the exchange rate of the Dollar to the cuurency in the overseas country, gas can be n as much as DOUBLE, or MORE, than what we normally pay here; accounting for the difference beween the gallon and liter! Americans don’t know how good they’ve had it; compared to drivers in many countries overseas!

    It’s been my S O P ( Standard Operating Procedure ), for many years, that whenever I drive anywhere from house, I ALWAYS do multiple errands or tasks; to maximize the use of my gasoline per trip! In doing this I can limit the number of trips I must drive!

    Check http://www.gasbuddy.com to see the price of gas throughout the country.

  • icebreaker808

    I live in Maui, Hi. I am bracing for extremely high gas prices this year we are already up to 4.40 average price highest I have ever seen it this early in the year summer is going to be harsh.

  • Imaplaneiac

    Sorry about the typos in Paragraph 1 of my prior post – it’s just about time for me to call it a night and hit the sack.

  • Craig

    Trivia Question:

    This is the main lobby of what major U.S. company?

    http://www.flickr.com/photos/75429694@N08/6907400195/sizes/l/in/set-72157629395573273/

  • tak

    when will it stop

  • mark

    High fuel prices will cauuse food and other things that we need to go up in price. The Fed will continue to devalue the dollar which will also cause the price of food to go up. I would stock up on food while it is lower in cost. The price of hay is high again and that will raise the price of dairy and meat products. Although the price of meat never seems to go up enough to cover the high cost of feed. The little guy never wins.

    • mondobeyondo

      It’s going to hurt everyone. It will cost you more to drive to work. People will be less likely to go out on the weekends, because their discretionary income is going for gas. Business at restaurants, theaters, etc. will go down.

      Summer vacations – cancelled (hurts the tourism industry). Higher food prices at the supermarket (truckers have to pay more for fuel, and that gets passed down to the stores). And so on and so forth…

      Business goes down = employers start to cut their staff. Here’s your pink slip. So much for the “recovery”.

    • John W.

      $4.35 a gallon here in San Diego County at stations where gas used to be less costly. If this continues for three months or more the impact will be huge. We have idiots where I worked that drive 140 miles round trip from Temecula everyday. This should hepl nudge another real estate foreclosure crisis and a pretty general retail collapse. I still expect Obama to get re elected. The people just be stupid.

  • John B.

    This problem is 100% caused by Democrat environmentalists.

    80% of the US coast line is off limits to drilling = 100 billion barrels. Alaska, offshore and ANWR = 500 billion barrels. The Green River formation contains 1 trillion barrels. Federal oil leases could provide enough income to balance the budget, bring down gas prices, and provide high paying employment for millions of US workers.

    Unfortunately, the wealthy left wing Lear jet liberals who run this country, couldn’t care less about the price of gas. Or the number of US workers unemployed. They’re more concerned about some bird, or squirrel, or turtle.

    • Gay Veteran

      The U.S. uses about 20% of the world’s oil and only has about 2% of the world’s oil reserves. You can drill baby drill til hell freezes over and we will still be reliant on imported oil

      • John B.

        That’s the typical Democrat response and is completely untrue. Oil shale alone could supply current US consumption for 285 years with 0 oil imports.

        http://en.wikipedia.org/wiki/Oil_shale_reserves

        The only thing stopping this are Democrats and Enviro-Nazis who would rather have $5/gallon gas, in the hopes that motorists will give up their cars and ride bicycles.

        • sharonsj

          Perhaps you can explain how, after the oil shale is extracted and sold on the world-wide market to the highest bidder (most likely China or India), this is going to help the America driver?

          • John B.

            WTI is less than Brent, and much less than Asian oil. Shale oil from the west would be sold in the US, not exported.

            Supply and demand is what determines price. The US is the biggest cause of the oil supply/demand imbalance by consuming 19 million barrels/day, yet only producing 6 million barrels/day.

            Wouldn’t it be much better for the US economy to pay people to work producing domestic energy, instead of paying them to collect welfare, and unemployment?

        • John W.

          There is a huge amount of oil in California. too bad it is not allowed to be pumped. We are a nation hell bent on suicide. Amazing to watch.

      • knightowl77

        Clueless…the same cow manure was spread during the Clinton Admin that drilling in ANWAR would not help with the shortages then…if we had started then, that oil would be available now…
        Keystone XL would not help today but it would help 6 to 7 years from now….
        If we take steps NOW they can ease or eliminate FUTURE disruptions…

  • DaytoDay

    Look at this perspective:

    Mid-2009: $1.60/Gallon-$18 To fill up my tank

    Today-2012: $3.59/Gallon-$53 To fill up my tank

    I like where this trend is going!…

    • Michael

      Ouch!

      For families on a budget that kind of increase can be incredibly painful.

      Michael

  • Mark

    Well, at least we can get that cheap, easy oil from Canada. No, wait, that is being shipped west to the coast headed to China. Thanks Barry.

    • Gay Veteran

      oil is priced on the world market, so there is no “cheap” oil from Canada

      • knightowl77

        Oil is priced in dollars…and the price fluctuates based on speculation….of future world conditions and demands…in 2009 oil was much cheaper, and since then demand (due to the recession) has fallen drastically yet the price has risen almost 90% based on fears of future supplies…
        Secure supplies = prices falling

  • bojangles

    good article,right on the money.what people don’t know is that oil is our number 1 export. we are shipping oil to other countries

    • Lennie Pike

      There ain’t no “we” – at least not anymore.

  • Scott

    You reap what you sow… for years people in the US have been buying V8s and V12s gas guzzling monster trucks and Hummers. Well the rest of us have been suffering prices like this for years now. Cant say I feel sorry. I lived in Bay Area for 2 years, my company gave me an allowance for a car I went to a dealer and the best he could offer was a model that gave 16MPG I almost fainted.

  • Eisenkreutz

    Michael: keep an eye on the Enemy Expatriation Bill – they are going to pass it as surely as the sun will rise. Some days I want to cry.

    Brothers: A storage tank for gasoline at your place of residence is easily set up, BUT, if the environmental inspectors get wise to it, they will ruin your life. This is why government has got to be cut down to size.

    • http://lastdayrapture.blogspot.com/ TK

      Eisen Kreutz,

      You are correct, government must be cut down to size, and Ron Paul is the one who will do what he says!

      1 trillion in cuts year one! Google Ron Paul!

  • http://Poems4TheSoul.com Scott

    Another fine article Michael. Short, sweet & to the point. The graph btw vividly points out an upward cascading “head & shoulder(s)” and then a spike that precipitates a major economic downturn (gray area on chart). Thanks for your consistent work in aggregating all this amongst all the other articles you do. 

    Time to prepare for the economics of the soul. I know you’re a Christian Michael & your faith is much appreciated (especially in this dark world). Keep shining the light. Scott Sepanek Poems4TheSoul.com

    • Michael

      Thank you for the kind words. I think this is just another indication of what is coming next. Everyone should hold on tight. :)

      Michael

  • http://EconomicCollapse Already Gone

    Rightnow the drum pounding with the environment needs to be set aside and we all need to concentrate on the fact that that we are now in another difficult situation with no room to wiggle, we had a chance to
    have a continuous supply of oil from a country that would have cut our dependence of foreign oil by 8% and also would not have had any
    chance of being cut off by force or other conditions.this counntry lost a lot of jobs
    because of this idiotic decision,I hope these
    people like roasted rat and ketchup soup because this may be all there is to fill there big mouths,also what may be good for the goose may not always be good for the gander, for once in this lifetime we as a society need to come together on common ground and understand we need to do what is best for this country it is obvious that the government cannot do what needs to be done to correct the current situation and all this talk about green energy and riding a bike or walking may do some people good but it may not favor everyone, Michael,yes we are entering a period of a interesting
    dangerous,demanding,and definately difficult
    time,nobody seems to have the answer and/or want
    to do anything so it seems the only alternative
    is to keep prepping and to hope that people come to common sense and realize that it is to late to turn this suicide machine around and do something that will help them to survive because
    there is no way possible that us preppers are
    going to have enough supplies to help everyone
    and we should not be called upon to do so based
    on the fact you and others have been warning people for a long time of what is coming,and some hard and unpleasant choices are going to have to be made and people are going to have to understand this because it is not intially about
    whether they survive but us preppers who took steps to protect ourselves do survive because
    we are the ones that will have to rebuild a system that will work for everyone,and some people may say i am uncaring and selfish but I
    see no other way,but let us not forget it was
    obama and the democrats who decided against the keystone pipeline and whether it would have kept
    gasoline prices stable,your guess is as good as
    mine.

  • AO

    Do you want to know where our money is going during a recession? Would you like to know why Europe has been rushing head-long into Socialism and why the United States is following? Watch this video. Money Masters

  • OldPhart OutIn TheDesert

    Saudi Arabia cut output.
    Commodity markets are shot due to MF Global fraud and regulator malfeasance.
    US Govt is itching to go to war with Iran.
    Farmers will need fuel to plant crops.
    Gas is already the highest ever for this time of year in California.
    Gas and oil are traded on the same commodity market that has become the definition of corruption marked by MF Global.
    So is food.

    I expect to see $6 gas by May, $8 by September and that is without a War in Iran. With War in Iran, I don’t know what the upper limit is.

    I expect food prices to rise even sharper rather soon.

  • Colin

    In your report, Michael, I think you may have overlooked one of the causes for the rise in gas prices. In the past four months, four refineries that supply the East Coast are either shutting down or are announced to end their operations soon. This amounts to a 50% reduction in oil refining capacity for the East Coast.

    http://www.latimes.com/business/money/la-fi-mo-gas-prices-20120130,0,3885077.story

    Like so much of our infrastructure, the existing refineries were built decades ago, and they are operating at less than maximum capacity. The year 1976 saw the last refinery being completed.

    • Michael

      Colin:

      Yes, those are very good points.

      I don’t understand why so many refineries are being shut down and why no new ones are being built.

      Is there something we don’t know?

      Michael

      • liberranter

        No mystery here at all. The agenda of the enviro-whackos, one that coincides nicely with that of the Bankster Establishment to slowly destroy the American economy, is being used as an excuse to deny renovation and expansion of refining capacity.

      • mark

        We have not built any brand new refineries since the 1970’s. We have added to existing oil complexes. You can’t get a permit from Air resources boards or the EPA to build new plants. There is a problem with people living near one having a not in my neighborhood attitude. I worked at some for many years and I would not want to live next one. The cost is very high to build these plants and the profit is not always there. What can we say, the tree huggers seem to rule our country in many ways.

        • Gay Veteran

          gas consumption is going DOWN, why do we need new refineries

        • Kevin2

          Mark

          There is excess refining capacity. Refining margins are low hence refinery closures. Sunoco a refining company is going out of the refining business.The cost of refining per gallon is far less then than the taxes on fuel. There was a “window” of very lucrative refining margins after Katrina when several refineries were knocked out for months due to flooding. The rocket scientist democrats cried for more refining capacity. They wanted to use tax dollars to build them. Decisions like that come commonly from people without knowledge as a knee jerk reaction.

          Gasoline is expensive because crude oil is expensive.

          I put in almost 30 years in a refinery.

      • Mario

        You bet they know something!
        Why else would you take refineries off line, because no is driving and why?because they don’t have jobs.

  • tappedops

    6 dollar gas is dirt cheap… when a loaf of webbers is 6 bucks …THEN you can start being verbal…

  • Swiss Genome

    You forgot to mention the most fundamental reason why Gas prices must rise and that is because of inflationary pressures to due the continued creation of too many dollars to try to sustain a dying world financial system !

    • Lennie Pike

      Correct. Is the price of oil rising in other currencies also? Of course – they’re all being intentionally destroyed so that the world currency can be fully introduced.

  • Hans

    The problem is the same all over.

    Here in South Africa, the politicians are wasting a large percentage of the taxes. What isn’t wasted through corruption is paid out in social grants to keep the unemployed masses quiet. Labour laws here make it very difficult to employ people.

    As the roads start to fall apart, more and more toll booths are erected to make up the shortfall.

    Fuel prices continue to rise. A large portion of our fuel price goes to government in the form of taxes. The higher fuel prices result in higher prices for food and so on.

    When we grew up, one car in the household was fine. As kids we rode bicycles to school. Now both parents have to work in order to survive. Because of high crime levels, we can not allow our kids to use bicycles to get to school. Kids get mugged for their bicycles. Here we have the added problem of unlicenced drivers or people who obtained their licences in corrupt ways. Many of these have no idea how to drive a car. Just the daily school commitments have a serious impact on fuel bills.

    It seems like we all have our problems. At least we are used to living and surviving (rather well) in a semi third-world environment.
    It will probably be much more difficult for the average American to adapt to a lower lifestyle.

    • Craig

      Hans, what city do you live in? Did things in SA go downhill after the upheavel in the government? Does your average South African resent Americans? Thanks.

  • Terry

    For several years I’ve been predicting that low wage workers will be hopelessly squeezed between high rents (forcing then to live far from their jobs) and high gas prices (making their long commutes unaffordable).

    What happens when these people can no longer afford to drive to work?

    • BenjiK

      Q: “What happens when these people can no longer afford to drive to work?”

      A: It will come down to what happened in 2008, people will have to choose between purchasing fuel and food OR paying their mortgage. This is an often overlooked but very important factor in the 2008 housing crisis.

  • Paul

    It costs me exactly £90 per month to go to work, not including wear on shoes.

    It is getting warmer outside, so we switched off the heaters.

    People might not believe in global warming, but I believe in a full wallet.

  • ken nohe

    The price of gas is outrageously low, not high in the US! It is already well over 6 dollar in Japan and 8 dollar in Europe. With or without war, it will rise sharply, but that’s OK. It’s called an economic signal. If you can’t keep doing the things that you used to at this price, it’s time to change. If it’s the whole society which must change on short notice then clearly we have a problem. But, concerning this one at least, nobody can say that we didn’t see it coming!

  • William

    I remember the very high gas prices of the summer of 2008. Gas where I live was over $4/gal. Yet, when prices backed off a good bit, I noticed more and more new gas guzzlers on the road. Americans seem to have very short memories. The future is grim for fuel prices. If you are able, try to situate yourself in a fashion that makes you less dependent on the gas pump. That is hard to do, as this nation was developed on cheap fuel, allowing people to live outside of the city, yet drive to work. Those in the worst shape are poor people who can barely keep their old and fuel inefficient vehicle on the road, much less buy a new and fuel efficient vehicle.

  • Michael

    Imagine paying $13 a gallon, like they do in France or Hungary…But it does not look good in the U.S., and I think we’ll see $4.50 – $5.00 gas this summer.

  • Eddie

    Everything is fine with the world. Don’t worry, be happy!

  • chiller

    So if the greedy corporate thieves hadn’t sent all our jobs overseas, there wouldn’t be high gas prices because India and China wouldn’t have jobs or cars. Nice job corporate America! Hopefully we Americans will have the opportunity to thank you up close and personal like!

  • Nexus789

    If there is an unprovoked attack on Iran oil prices will spike to maybe $200 per barrel or even higher. You will need to get a mortgage to fill up an SUV. A spike in oil prices will stall the economy and kill the imaginary growth.

  • Aliceinwonder

    Both fuel AND oil that will work just fine in the vehicles we have today can be made from HEMP. Oh wait…that’s not legal. Gosh. Neither is marijuana. But if it were legal then the police and private prisons would not be raking in billions of dollars from the “war” on drugs. The cancer industry could not rake in billions on the “war” on cancer. Hemp makes a better material than cotton, so cotton growers don’t want it. Timber men do not want it as hemp makes great paper without cutting down trees. The seeds are as high in protein as soybeans. It would create a multitude of jobs in America. Nah…we don’t want any of that. So never mind.

  • caravelle

    hi, i live in quebec ,canada.
    here we buy sub-compact car and compact car. A lot of toyota echo and hyundai accent. toyota has stop offerinf echo in USa because no one would buy one: american want big car! It’s sad, but deal with your decision to buy an suv or big car.

    i drive a yaris and for 100 km( 60 miless) it’s cost me 7$ on freeway. Not expensive in my opinion!

  • Sid Davis

    When the economies of the world are in the dumps, they use less fuel. Can you imagine what the price of gasoline would be if they were at full throttle?

    The fact that gasoline prices are not down along with the economy tells me (1)there is a supply problem, (2)money is becoming increasingly worth less relative to everything, and/or if the economy does pick up gas prices will rise, cutting off any attempt of the economy to expand.

    This is what those in the oil industry mean when they say the era of cheap oil is over.

    Could it be that industrial civilization is just a temporary result of mankind discovering how to use fossil fuels, ultimately doomed to collapse as the the energy to fuel it becomes increasingly costly and scarce. Maybe we are just like rich children that inherit fortunes and then squander them on wine, women and song, only to awake one day hungover, and destitute.

  • Tim

    Last evening 60 Minutes aired a story about the problem of long-term unemployment. Scott Pelley interviewed Americans who have been out of work for 2,3 and even 4 years. Some of them had gone through 99 weeks of unemployment benefits.

    But there was also an encouraging part to the story. Joe Carbone started a program called Platform to Employment, a five-week program that helps the unemployed get back to work. Upon completion of the program, participants are matched with positions at local companies. The positions are temporary, and the participants are paid by Platform to Employment. But if a company is pleased with a candidate’s performance, they’re offered a job. Some of those whom Scott Pelley interviewed have gotten back to work after years being unemployed.

  • md

    This flies in the face of the article a few days ago showing global petroleum consumption dropping like a rock. I guess when sales are bad, you just raise the price

  • Otown Right Guy

    Its not just the supply decreasing, whether that is being caused thru market manipulation or peak oil. Let’s not forget our friends at the Fed printing all of that money. The price of everything denominated in dollars will rise, except maybe your paycheck!

  • zeitgeist

    Gas cost less now than it did in 1960 !! Anyone care to hear the explanation let me know and i’ll tell you why that’s true.

  • Lennie Pike

    The major reason for it right now is speculation in the commodity markets – everyone knows Iran is next on the Nazi NWO’s list of resource rich non-conforming countries to be attacked.

    There needs to be regulation of commodity speculation (zero chance) – it is yet another paradigm of robbery.

    If you disagree that the paradigm of rampant robbery is now fully in fashion, and that there is NO RULE OF LAW in the U.S. controlling these criminal financial terrorists that are in 100% control of us all and destroying us, check out the video of Rick Santelli (Hero) vs Bart Chilton of the CFTC (scumbag coward).

    Oops did I hurt somebody’s feelings? Tough – the financial lives of innocent people are being destroyed, and millions of innocent people are being killed overseas. That killing WILL come to the U.S. sooner or later and it needs to come to an end – NOW!

    There are many similarities right now between all Western Banking Cartel controlled countries and the rise of the Third Reich – the main one being the apathy of the citizens for the most part – WAY TO GO GREEKS!!!!

    Also check out http://www.robertfulford.com/Paradigm.html

  • http://www,Back2theLand.com Old Timer

    I had mentioned this before – a waitress in this area makes $2.13 an hr, They have cut back on employees. Unless they can walk to work, they can not break even on transportation costs. This insignificant little worker represents the bottom feeders who have to work, but can not afford to work because of transportation costs. Probably there will be less employees available, or maybe the wages will have to go up, and of course be taxed more.

    BushII commented while in office that the public could handle $5.00 a gallon. I expect that it will go higher but I am pesimistic as usual.

    The real problem is that the trucking industry contracts now to private truck owners who will just quit haulijng like last time. So you now have a big rig, oweing thousands and can not afford to run it to pay the interest, upkeep etc. This kills food delivery – expect shortages – stock up. This impacts farmers with disel tractors for sure. City bus service costs go up and even if the disel – gasoline costs drop basck, the consumer costs will not revert.

    War again? Most likely, it will have an economic boost and keep peoples mind off of domestic issues. Rally round the flag.

    God Bless America

    Old Timer

    • BenjiK

      Speaking of big rigs, the market is absolutely FLOODED with used tractor-trailers, mainly from owner-operators. I dabble in the logistics industry and the whole shipping market is on edge right now.

  • self-employed

    Thanks for all your hard work in writing these articles. They are always eye-openers and the info needs to get out.

    I am always confused about our attitude towards gas prices, however. Yes, it’s no fun when the price goes up. Yes, there are consequences economically and socially.

    But American gas prices average almost half of European gas prices. Currently the average price in the Netherlands, according to CNN, is $6.48. Norway boasts $6.27 and Italy $5.96. I can remember times when gas prices in Europe were even higher in comparison to gas prices here.

    It has always seemed to me that we have an artificially lower gas price compared to most of the world.

    Much of that difference may be government imposed taxes but does the consumer care why the price is so much higher? The effect on them is the same economically.

    • Tom

      The CNN prices are very old stuff. Regular e.g. is 8.10 per gallon in Germany today, GB, France, Italy and Belgium are on the same level. Austria is very cheap by 6.00 per gallon.

  • REED RICHARDS

    Michael,

    1. There is no constitutional right to have cheap gas and heating oil

    2. Compared to Europe and elsewhere, gas is still cheap in amerika

    3. Amerika’s military arm, the pentagon, spends over 40 MILLION DOLLARS A DAY ON GAS AND FUEL ALONE.

    As for the price of gasoline these days, have war, will pay high price for fuel…………….

    • mark

      The price of fuel might be lower if we drilled our own in this country.

      • Paul

        Please factor into the price also the environmental and health disasters.

        Nobody does, as they are conveniently paid by the tax payers.

      • REED RICHARDS

        mark,

        Where should we start? Your frontyard or your backyard? Seriously? You must have tried to get a date with Sarah I can see Russia from my frontyard Palin. Sorry, you are not going to drill your way out of this……….

  • JustanOGuy

    No worries… Nobody has to pay their home mortgages any more anyways. Plenty of disposable income available..

  • mondobeyondo

    Our car-centered culture is slowly coming to an end. Or maybe rapidly coming to an end. Depends on how much gas prices rise.

    Many people in European countries get around by walking, bicycling or using public transit. That’s generally not the case in this country. Our vast interstate highway system was built around the idea of perpetually cheap oil. A cross-country summer vacation drive was relatively inexpensive when gas was 30 or 40 cents a gallon.

    In the summer of 1982, my family drove from Arizona to Florida. We stopped in Houston, Texas to spend the night. Dad freaked out when he saw the gas prices… “$1.25 a gallon? That’s price gouging! Are they insane?!” But the car was running on fumes, so he had no choice to fill up at that hyper-expensive gas station…

    Try doing that in the summer of 2012. You might have to take out a second mortgage to finance a cross-country drive.

  • Lennie Pike

    We already get robbed through inflation, but Consumers also get robbed by commodity suppliers through higher prices due to speculation which much of the time has nothing to do with supply and demand – and that needs to be illegal.

    Adding insult to injury is the fact that much of the fiat currency used to speculate is more accessible to speculators than the average consumer.

    On a different front, the commodity markets (just like the stock market) are rigged so that the insiders sooner or later wind up with most of the money of the average speculator. That makes the increase of prices even harder to accept – the speculators caused everyone to pay more for the necessities of life and then lost their money anyway.

    Now even that is not enough money or fast enough money for these thieves – they’re just stealing without trying to hide the fact and saying to us like a Mafia extortion shake down artist slapping around Mom and Pop in their own store – “pay up or else – whataya gonna do about it?”

    Why not? They’ve noticed nobody’s gonna do anything.

    Santelli vs Bart Chilton. http://sgtreport.com/2012/02/santelli-grills-cftc-commissioner/

    The CFTC “investigation” of the suppression of the price of gold and silver has been “going on” forever.

  • Cinderella Man

    I only live a mile from my job and I am truly grateful, however I drive a 78′ Ford with a V8 engine and it sucks the gas down. I usually have to charge gas in between paydays because I never have enough money to pay my bills and have enough to cover my gas fund. This is getting crazy like Rodster said above the Saudis have cut their production by 300,000 barrels a day and Iran has cut off the EU early, and peak oil may not be a myth. I read an article that the Saudis havent adjusted their output amount since 1985! I think that they are lying about the amount of oil that they have left for reasons unknown, maybe not to cause a panic. Comparing it to 2008 is appropriate in this case. I remember when the gas got that high demand for construction plummented. I remember summer of ’08 looking as slow as winter that year because when gas goes up that dramtically people freze spending. I dont know if the high gas was a plot to destroy the economy, but if yall remember people suddenly realized that they couldnt pay for their morgage and go to work and feed the kids at the same time. It all cascaded into the economic shitstorm that was the crash in the fall of ’08. Im scared to think what it will be like this time around when we are deeper in debt, less jobs, and less hope than last time. Clint Eastwood was full of it. America will not get up this time!

  • Cinderella Man

    Oh and Michael, what was the deal on Friday? Was the feds messing with you? I tried to get into this site and the Dream site and it said “An Internal server error has occured”. Same for when I tried to access on my mobile!

    • Michael

      On Friday there was a huge spike in traffic which caused the sites to go down.

      Fortunately, I had already contacted my hosting company about a significant upgrade.

      You all should notice that this site is loading really fast now and it is able to handle a TON of traffic now.

      Some comments may have gotten lost during the transition, but I think you all will be very pleased with how the site performs now.

      Michael

  • knightowl77

    $5.00 will be cheap when September rolls around…
    With the idiots that we have in DC who were hoping for energy prices to “skyrocket” so that Americans would use less, well they are going to get their way…
    Had we opened up drilling in 2008 when prices started to spike, those new sources would be coming online today, instead we closed drilling and bannned new pipelines.
    We have an Idiocracy in DC that is deliberately trying to raise energy prices one way or another…
    Sheer folly….I despise these idiot savants that claim to know better than the American people….

  • http://www.cdbaby.com/Artist/JOHNNYBARTEE JOHNNY BARTEE

    STOP buying gasoline and you stop U.S. Government terrorists dead in their tracks.

    • knightowl77

      everything else stops as well…food deliveries, heating oil deliveries….people die

  • Big Dave

    I doubled my commute time to an hour each way before gas went crazy in 2008 by moving to the country. We think about every trip we make and I bought a compact car. I still spend about $400 a month on gas. I have food stored and water. I have some savings but what makes me crazy is not knowing how high gas will go. Five, six, seven, how about 10 bucks a gallon? The Feds have no energy policy. We can’t put solar panels in our gas tanks. Obama was asked about the rising cost of gas and his answer is don’t drive a gas guzzler. Now who is out of touch and clueless?

  • Proftel

    In the Strait of Hormuz is only 30% to 40% of world oil (not 20% – read more Wikipedia – who says “20%” are the warlords).
    A width of 20 km and maximum depth of 60 meters is easily closed with the help of mini-submarines or mines.
    As I said an Iranian general, close the Strait of Hormuz is like taking a glass of water.
    China imports 30% of its oil from Iran uses (not just, it makes much difference).
    Iran and Syria are allies, if one is attacked the other will come out in defense, Russia does not want to lost another ally in southwest China will not do without their Iranian oil.
    This all lead to World War III.
    Russia has developed a particular missile to sink aircraft carriers, sold some to China that improved the thing, Syria and Iran have these anti-ship missiles as well (which reach mach 4 on approach, you do not see it, just know that when the water sank hits you in the ass).
    Israel is playing with fire, I hope the U.S. does not enter into the conversation because Israeli hence the chaos.
    Middle East today is a powder keg.
    The worst is that the fuse has been lit.

    :-/

  • David

    Unfortunately,these trends will not stop Obama from getting re-elected.With weak candidates on the other side, I fear him going back in for another 4 yrs. He and his cronies have said that higher gas prices would be good for the country. Of course for him the higher gas prices means more green energy nonsense and more of an excuse to loot taxpayers money for the expansions of foolish enterprises that are owned by Obama supporters. He has the most corrupt administration in history and our dumb electorate will put him back in.What a shame.

  • Chris

    Price of petrol in UK is £1.32 per LITRE! I think you guys have it a bit better over there but yes we are all being ripped off.

  • john

    Its about time you Americans got real,complaining about a measly $4 a gallon,try living in rip off Britain.We are paying over $9 a gallon.

  • GoneWithTheWind

    How’s that hope and change working out for you?

    • mondobeyondo

      Worked just fine for me! I’m very hopeful, and very changeful.

  • Wascator

    Gas and Diesel is also heavily TAXED. Lots of cities have a sales tax on fuel as well, although my state does not allow this. The government wants to discourage the use of fuel and they love to see the cost of driving go up, basically the enviro leftists are car haters, and this impacts rural and poor people really badly, because we don’t have as much, work for lower income, adn have to drive a lot more in older vehicles.

  • Marco

    I’m so thankful that my wife is a stay at home mom and I ride the bike to work. Every time I do the calculations on how much we save in gas per month, it’s astonishing. And I don’t have to deal with traffic. I highly recommend that if you can, plan out public transportation routes and make it a habit to start using it (SF bay area has a website that does this easily – 511.org). Hang in there folks. For me and my family, we don’t worry so much – primarily because God is in control. Our faith, hope, and trust has always been in Him. If/when something crappy happens to us, I will do my darndest to view it as an opportunity to back up what I believe. God bless you all.

  • JR

    Thanks so much, Obama, for stopping the Keystone Pipeline. Really appreciate you destroying all the jobs and cheap oil.

    • liberranter

      You’re welcome, JR. I’m glad you’re generous enough to give ME credit for it, even though I’m not even remotely intelligent or powerful enough or to be the driving power behind it. Anyway, I’m glad you like my bankster puppeteers’ plan to reduce America to Third World status. I’m guessing that you’re a white man, so know that I hate your guts anyway and hope that you and your family suffer long and horribly from all that I’m doing and am about to make worse. Meanwhile, after my stretch as housen***** for the Established Order cames to an end, I’ll sit back and enjoy the payments for the soul I sold (what little of one there ever was) for the privilege.

      So long, and have a nice existence. It won’t last long, given what we have in store for everyone.

      ~Barack Hussain Soeterobama

      • Xander cross

        Typical racist.

        • Bill

          Yes you are Xander.

      • J.C.Vaughan

        Get a clue already you dumb cluck (quick: tell me what Film Noir that sentence references, indirectly).

      • John W.

        Great post. You have rare insight into the evil that is behind this pant load.

    • Gay Veteran

      The jobs estimate has been shown to be massively inflated. And that kind of oil is an environmental diaster.

    • Horse

      There is a huge chance that the majority of oil through that pipeline will be shipped out of the country anyway, at the end it’s at the coast and shipping yards.
      Canada can get higher prices else where.

    • Rowell

      The Keystone XL Pipeline will not create more than 10-15,000 US Jobs, and those jobs will disappear once the pipeline is completed. The Keystone XL Pipeline will not lower the price of gas in the US; it will make it easier for oil refineries to get oil in so they can refine it and export it. The Keystone XL Pipline, under its current proposed path has not had a proper environmental impact. Its previous path had a full environmental impact study done and was approved. When the powers that be wanted the pipeline moved to a different path, that’s what stopped the project.

      So please, before you blame Obama, get educated on the facts. He did the right thing. Would you be one of the first people to complain if the pipeline was completed and then broke, spilling millions of gallons of nasty tar sands oil?

      If you’re going to do something, do it right. Or don’t do it at all.

      • John W.

        What a lot of crap you posted. When has there been a major piplene leak? Hillary and the State Dept. had already signed off on this. You are too stupid to admit that Obama is out to cause as much damage as he can. Better be careful he might come after your shopping cart someday.

        • Headsmack

          Really. You think Obama is purposefully trying to harm the country as much as he can? REALLY? Like he’s some sort of fifth column traitor, nurtured through the years to become president elect so he could systematically destroy the country from the inside?

          Really? REALLY?

          Dude, get help. You need it. Desperately, desperately. There’s something fundamentally wrong with the way you think. There are blinded right wingers here, ideologues, racists, people full of hatred. Even they are not as deluded as you and your pathetic paranoid rants. Get help. Get. Help.

    • sharonsj

      Here are the facts: The Keystone pipeline will generate somewhere between 2700 and 6000 TEMPORARY jobs lasting two years. It’s being built with steel from Russia and China (not from the U.S.). The company has a terrible record of maintenance, with many spills and explosions. Finally, the oil is expected to be shipped overseas. So much for the “energy security” the lying Republicans claim.

      • Gary2

        remember the study from Canada showing conservatives to not be as smart as average people and that they can only comprehend simplistic things. They hear Rush say keystone good and they repeat.

        There was a radio program that had workers from the company who installs the inspection devices (called PIGS I think) that travel down the pipeline looking for areas in need of repair. Typical of corporate America the bosses simply had some computer code added that silenced the alarms.

  • Proftel

    What do the “doomsday”:

    http://www.youtube.com/watch?feature=player_embedded&v=TONB9hvlzwo

    “Do not look back”

    Initial Capital:

    Not everything is as you want
    Not everything can be perfect
    It can be easy if you
    See the world in another way

    If what was right is wrong
    Things are as they are
    If intelligence is blind
    As much information

    If it makes sense, disagree with me
    That’s no biggie, is passé
    Choose a road
    And do not look, do not look back

    You want to find the solution
    Without having any trouble
    Insist on worrying too much
    Each choice is a dilemma

    As always I am
    More on your side you
    Carry on straight
    And do not try to lose

    If it makes sense, disagree with me
    That’s no biggie, is passé
    Choose a road
    And do not look, do not look back

    :-)

  • Lin S

    Good morning, Michael.

    You wrote:

    “…the price of gas in the United States has gotten so outrageous that it has played a major factor in where millions of American families have decided to live and in what kind of vehicles they have decided to purchase.”

    I have no problem with rising gas prices impacting what people drive or where they decide to live. That doesn’t bother me at all.

    In Taiwan the city is built up and the population is dense, and people know to use MRT trains and the myriad of bus lines throughout the city and county. To get around on their own, people use fuel-efficient, 4-cylinder cars, small trucks, and motor scooters. Trains cross the various counties on-time and with careful use of fuel. To cross the country there is the bullet train.

    In Taiwan valuable farmland is not paved over like it is here in America. Just think of all of the valuable farms and orchards in southern California, where the weather is perfect for growing food and raising animals on a massive scale, all paved over with tract homes and mini-malls and choked with traffic and congestion. It is polluted beyond description now, but it was once America’s garden spot. Overrun with illegal aliens, corrupt pols, drugs, crime, and gangs, you will never get that precious farmland back, ever. It is gone.

    In America everyone thinks they’re entitled to their 8-cylinder Suburban or “monster truck.” No one conserves fuel at all. To the contrary, Americans waste endless amounts of energy on useless toys like Seadoos and off-road motorcycles and RV’s. Why on earth would you pity them?

    I have zero pity for them. They should have planned their lives better and made better choices. Have a job in the big city? Then live there. Need to commute there? Buy a rail pass or a 4-cyclinder car that can haul 4 people and luggage, and forget your coveted 2-door convertible “sports” car. Don’t like it? TOUGH. It’s called being a responsible adult. Americans need to do much more of it.

    Peak oil is here. The cheap, plentiful, and easy to obtain stuff is gone; now, we’re facing a era of scarce, difficult to obtain, and expensive energy. Even so I STILL continue to be passed on the highway by 8-cylinder, oversized gas hogs, flying down the road, pedal to the proverbial metal. American fools STILL don’t get it.

    The party’s over and it’s not coming back. If Americans won’t face this reality they’ll be punished severely for it, financially. Seeing what I do today, I don’t have much optimism. The selfish, self-centered, entitlement mentality most Americans have will gamer for them, misery. And though not all, many of them have earned it.

    I feel sorry for them not at all.

    • http://theeconomiccollapseblog.com chris1

      One of the best posts Ive seen.
      Yes california is a has-been state.Somehting like 80 billion in the hole and going ever deeper.
      time for re-boot.
      “in southern California, where the weather is perfect for growing food and raising animals on a massive scale, all paved over with tract homes and mini-malls and choked with traffic and congestion. It is polluted beyond description now, but it was once America’s garden spot. Overrun with illegal aliens, corrupt pols, drugs, crime, and gangs, you will never get that precious farmland back, ever. It is gone.”

      It may not be gone forever.Kick the illegals and the pols out and let the farmland revive.

      • Gary3

        Most of Kalifornia farmland would be a wasteland without water from other states.

        • Orange Jean

          That is absolutely correct (lack of water). I lived in Orange County, CA for 3 yrs and it rained a total of 2 days!!

          Most of the City of San Diego would be totally unsuited to growing crops or raising animals, as it is mostly very steep cliffs and canyons and soils in much of the county are very poor quality, not good ag land really.

          True, there is Mission Valley, which used to support cattle I believe, and got developed… but there are also still a lot of places in the inland valleys that are used as ag land; mainly for crops that do better with poor soils and limited water. Temucula in Riverside county (wineries) and Pauma Valley (oranges and avocados believe) and Valley Center (a lot of things, including nuts) in SD county that are actively used for agriculture, for example. In some of the mountain towns there are isolated egg farms (they stink, so it’s better to put them away from towns). Ventura County (north of LA) also big on agriculture. Imperial County (east of San Diego County) is almost entirely ag land, which makes sense as it is very flat. California currently has some good laws that protect “prime” agricultural land from conversion into non-agricultural uses, but it was too late coming in Orange County.

          However, the huge Central Valley (central CA) is probably a much better place to do serious agriculture – since it is also a good climate, good soils, and there are already built up extensive irrigation systems (and the huge CA aquaduct system) which is much closer to the water sources, and flat land. Central Valley is not as pretty as San Diego or Orange County (and not near the coast or any main alternative job sources, like LA) … so much less attractive to residential or commercial developers. Even there they have had problems getting enough water and I understand the economy in the Central Valley is worse than it’s been for a long, long time.

          • John W.

            You obviously don’t know much about San Diego county. It was the biggest agricultural county in the State by dollar value. As for only two days of rain in Orange County what a crock. Soils are quite good here. Maybe you should know what you are flapping your mouth about before making a fool of yourself.

          • Orange Jean

            John W.
            What a nasty comment, and what makes you such an expert in the subject?

            Flapping my mouth? I think not. I lived in San Diego County for 4 years (2001-2004), and Orange County for 3 years (1989-1993). I’m a geographer by training and very interested in gardening also.

            The years there was very little rain in Orange County there was a 7 year drought, maybe you weren’t even born yet, who knows? The time I worked in Orange County as an environmental planner and researched and wrote EIRs and parts of other environmental documents related to flooding, dam failure, and hydrology mostly in Orange and LA counties. Work I’ve done for the City of Stanton General Plan EIR was reviewed by various engineering departments and chosen by Orange County as an example of how it should be done. I’ve also done similar work in LA, Ventura, Merced, Stanislaw and Yolo counties including researching and writing sections on the history and impact of loss of agricultural land. My focus however, wasn’t on ag economics.

            The years I worked in San Diego I worked for the county and lived in Alpine. Alpine (and most of the back country) has very poor quality soils, Alpine’s were mostly artificially created from blasting off the tops of mountains. I’ve gardened for years, you couldn’t get much of anything to grow there without putting it in a pot. Hundreds of gophers too.

        • John W.

          Think so? A good part of the state gets all it’s water from Shasta Lake and other California lakes. Besides that is not even an issue. Most states in the Southwest get some water from elsewhere. What sickens me is the destruction of miles of farmland in Riverside, San Bernadino and San Diego counties. Replaced by ugly tracts most of which are full of foreclosures sitting empty.

    • Gary3

      Self-rightest ***************.

      • Lin S

        I rest my case. =D

    • mel

      Great post..Those idiots that constantly waste energy resource do not deserve pity..People has to understand all resources that you dig from the ground is finite..one day it will exhaust itself or the side product of all these underground resource would have poisoned all human beings!

    • Bill

      Comparing the US to Taiwan is ridiculous and completely wipes out any point you were vainly attempting to make. Your smarmy, self important post proves you to be someone not worth the time of day.

  • Rain23

    Rodster – you got that right. We’re not the only people in the world who want oil, and the people who own the oil fields have, oddly enough, the right to sell to whichever customer they choose.

    The worst of it is, even if you are a person who conserves gasoline, takes alternative transportation when you can and generally tries to moderate your energy use, you’ll still get smacked along with all those who didn’t give energy conservation a thought as prices for everything soar along with the price of diesel for the delivery trucks.

  • OH NO

    If you use more gas or less the oil companies have to meet profit expectations this goes for all major companies, if profits are below expectations pass the cost on the consumers if the company makes a bad decision ( not the consumers fault) pass it on to the consumer which most comsumers will gladly pay, why I don’t know it’s like asking why do we let companies ship are jobs overseas and do nothing to stop then just complain and keep buying their products. The consumers need to get organized and take control(that will be the day) not wait until you hit bottom, but until then you’ll keep paying they expect that, $5 gas coming to a station near you.

    • 98Bravo

      OH NO, government policies ship jobs over seas.. not companies. The over regulation, catering to unions all cause that. What is a company supposed to do to survive when competing against cheap imports.

      The problem is free trade, we need FAIR trade. NAFTA passed in 94 and allowing china into the WTO in 98 w/o properly enacting fair trade policies with them caused companies to go overseas to compete with the cheap labor found elsewhere.

      Leave it to the govt to screw things up

  • http://www.conservativemormonmom.blogspot.com Eva

    You neglected to mention that Obama has been exporting great quantity of domestic oil, erported in CNNMoney back in late 2011. That doesn’t help our domestic prices either.

    • Rowell

      Obama doesn’t export oil.
      Oil companies export oil.

    • sharonsj

      When did Obama become CEO of ExxonMobil? Did I miss something? Or are you just stupid?

      • gary2

        eva is just stupid. remember the study from Canada showing conservatives are not as smart as the average person. Eva perfectly exemplifies this.

        • Bill

          All you seem to be able to do is regurgitate the same old crap from some un – named Canadian study. There are several studies out there proving the opposite and you fit in with them. You prove yourself to be uneducated, shallow, easily manipulated and incapable of critical thinking. Save your insults for your teenage peers.

  • Julea Meyers

    Well, Obama has wanted to force us into those little dinky and unsafe cars for a long time and looks like he succeeded. I’ve never seen such an egomaniac. As long as he gets his way, it doesn’t matter what will happen to the citizenry. We can’t afford $5 per gallon gas and the only way we can fight back is for my husband to retire which leaves much less money for Obama to siphon off and squander. Unfortunately, it would make things much more hazardous for us, so guess my husband will stay at work and let Obama win again. It was a foregone conclusion.

  • liberranter

    Disruption of petroleum supply lines+economically crippling regulations+prohibitions against new refining and drilling facilities+reckless fiat currency manipulation = gas prices that will continue to skyrocket.

    Needless to say, ALL OF THIS is going according to the Establishment’s long-term plan.

  • 98Bravo

    Michael,

    This is all planned, the central planning liberals cannot control people who can just “drive around whenever and wherever they want to”. So their plan is to get us using mass transit and living in small apartments in cities so they can use food/water/transportation to control us.

    I do agree that the era of cheap oil is over, but that still doesn’t mesh with the fact that we are using less gas and it is going up. Something is very foul about that. The only good news is, that with the high gas prices, it is less likely obummer will be re-elected.

    Chris Martenson does a really good job showing the coming energy crunch and why it is real.

  • Gary2
    • xander cross

      Indeed it is. Credit equals debt and capitalism equals, money only for the elite.

    • Bill

      You two wouldn’t recognize true free market capitalism if it bit you on the behind.

  • grandpa

    isnt it great that construction has stopped ,forcing people to sell off excavating equipment trucks and such for the government to take over .i bet new equipment will have smart meters that wire in man hours to make sure every tax collecting minute is accounted for…

  • mondobeyondo

    To all you people who went out and bought brand new Suburbans, Escalades, and BMW’s:

    I used to be jealous of how you all “roll”, since I had a beaten-up 13 year old Chevy Cavalier. Not anymore. You guys won’t be rolling anywhere soon. You’ll all be sitting in the driveway, washing and admiring your new lawn ornaments. The 20-inch rims on your vehicles will not save you, when gas is $6.00 a gallon.

    • http://www.cracked.com SMASH THE CONTROL MACHINE

      I SPENT MY FEDERAL TAX RETURN ON A 84 MERCEDES THAT RUNS ON WASTE VEG OIL 2500 BUCKS DAM IM GLAD THEY STILL GOT EARNED INCOME CREDIT!!!!AND I HAVE A CAFE THAT HAS 20 GAL A WEEK OF REUSABLE FRYER OIL http://www.youtube.com/watch?v=QegyXo5u9uI&feature=related AND NOW THE CENTRIFUGE FOR ALL YOU NEW PREPPERS!!!http://www.youtube.com/watch?v=5cvQazPlzKU

    • Bill

      Did you ever stop to think that the people who can afford those vehicles can also afford to pay for the gas to operate them?

  • jsmith

    To all you SUV V-8 drivers:
    What will you do,
    what will you do, when gas hits $4.92?
    What will you do,
    what will you do, when gas hits $5.92?

    • Sgt shut up

      Still fill it up duh.

    • D

      I will hold on to to my gold and energy stocks and it will pay for my gas and then some.

  • TBoone

    Natural Gas !!!

    Natural gas !!!

    You damn dumb assed populace for pity’s sake

    Natural Gas !!!

    It’s the cleanest, most abundant fuel we have –
    it’s here now and so cheap that Chesapeake is
    taking 2 Billion cubic feet off line to try and hold the price at @2.50 per MCF ( a 10 year low)

    Combustion modern engines run great on nat. gas – which burns so clean; you don’t have to change your oil for 25,000 miles !

    UPS is switching it’s midwestern fleet to Nat gas !!

    Why is noone talking about using this wonederful
    resource?

    Because were dumber than a damn box of rocks and I laugh everytime I fill up my CNG full sized Chevy Tahoe for $26 Bucks

    No Typo

    26 Bucks

    If you think education is expensive; try ignorance

    • Kevin2

      TBoone

      And CHK is a terrific stock for the long term.

  • Antonio Gonzalez

    I remember 3 month ago the new was ” we can export oil”.

    Then…………….

  • Lucas

    i get to work by feet because fuel is unaffordable. Most of you will to the same (if you will have any job left) and will get used to it

  • tappedops

    Duhhh…whatt..

    The New World for Retards…

    1. Dumpstered my tv 5 years ago
    2. Sold my car 2 years ago (while i still could)
    3. Found a job within 10 miles of my address
    4. Bought the bicycle of my dreams
    5. Became a Niner (if you dont know, dont ask)
    6. Joined Defaulters anonymous
    7. Reinvented minimalization
    8. Made Alt/news my religion
    9. Realized poor in the new posh
    10. Realized that im guilty until proven a new world slave…

  • mondobeyondo

    “The average price of a gallon of gasoline in the United States has risen 25 cents since the beginning of 2012″. Yikes!!

    Now, I got an “D” in high school algebra, but even I can figure this one out.

    Say the price of gas in your city was $3.25 on January 1st, 2012. That means you spent $32.50 for 10 gallons of gas, enough to fill your gas hog Chevy Suburban to maybe the quarter-full mark. Just enough gas to get to that New Year’s party across town and back home.

    Now you’re paying, say, $3.50 today – that’s $35.00. For the same 10 gallons of gas, you’re now paying $2.50 more than you paid 1 and a half months ago!! Did you get a $2.50 raise at your job this month to compensate?

    Maybe, just maybe, the sheeple will finally begin to comprehend where we’re going. And it’s only going to get worse.

    The people who drive to their jobs at Burger King and Wal-Mart, aren’t going to make it. And the long term unemployed? Umm, you do the math on that one.

  • Christ’s slave

    Got Jesus???

  • Gary2

    The high coast of gas would be less of an issue if there were jobs to be had that paid living wages. Also it was shown that speculation is the major cause of these increases.

    • Bill

      You finally posted something I can agree with!

  • Kevin2

    98 Bravo

    “we are using less gas and it is going up”

    Oil is priced in US Dollars and their making them like wildfire. It’s no accident that food and fuel were purposely removed in the official inflation tabulation.

    If they keep creating massive amounts of fiat currency totally out of proportion to productivity regardless how little oil we use the price will rise.

    • 98Bravo

      True, I understand, which is why I have bullion, but part of inflation is driven by demand, if there is less demand for a particular item, even during inflationary periods, the value (price) will fall. I understand that the price of gas is very inelastic, but there have been recent periods (1998) when gas was cheaper in relative terms than it was in the 60’s and 70’s. In 1998 I was paying $0.75 per gallon in 1998 dollars. If you look here:
      http://www.measuringworth.com/uscompare/relativevalue.php

      I get this result:

      In 1998, the relative value of $1 from 1980 ranges from $1.79 to $3.15.

      Lets use the average.. 2.00 which is closer to the low end.. so in 1998 gas was basically 37.5 cents a gallon in 1980 dollars.

      So what happened was demand fell because Iran was producing over their quota (over supply), causing a glut, so it was a relative fall when comapred to supply, resulting in cheaper gas even though the dollars were inflated.

      Given the current relative and temporary strength of the dollar compared to other currencies, right now we should be seeing a fall in the nominal price (the price on the pump).

      I am not discounting inflation, it plays a part, but it is not the only reason. I still think it is part of the bigger Obama plan.

  • BenjiK

    I hear a lot of comparing European, primarily U.K., fuel prices versus U.S. prices. However, a quick look at the numbers and you’ll see that when comparing apples to apples, the prices are relative.

    1) UK gallons are bigger than US gallons:
    1 UK Imperial Gallon = 4.55 liters
    1 US Liquid Gallon = 3.79 liters

    2) The average mpg rating for passenger vehicles in Europe is 38.6 while the U.S. average sits at 21.4 mpg.

    3) The average commute in the U.K., in miles, is 8.7 while the average U.S. commute is 16 miles. Also, the U.K. has substantially more people using public transportation.

    So on average, we in the U.S. pay about the same for fuel as most European countries relative to income. However, that’s not to say that we are ALL getting ripped off.

    Barring an economic collapse, I foresee the Feds using this fuel crisis to allocate massive amounts of money for public transportation, subsidized and regulated by the federal government of course.

    • BenjiK

      I found this chart after the fact, but it supports my stats and goes into MUCH deeper detail. One thing I found interesting is the average yearly fuel cost for Americans is TWICE that of a citizen of the U.K., $2650 vs $1350.

  • tappedops

    Sure ive got Jesus… but you wont know for sure if you do, till you Tithe to me… cause i just preached to you, longer and harder than you preached to me… are you going to risk your forever on a 2 word plug… make your check out to…

    • mondobeyondo

      Ben Bernanke?!?

  • Larry

    Here is a link that will take you to a web site to view the price of aviation gasoline.
    http://www.airnav.com/fuel/local.html
    As an example type in KDAL which is Dallas Love Field. Keep in mind that not all private pilots are wealthy. Many are middle class aircraft owners. $7.65 to $7.88 per gallon at Dallas Love Field airport. If auto gas reaches $5.00 per gallon then aviation gasoline will be $12.00 per gallon. Don’t say the rich airplane owners can afford it. Many are selling their airplanes right now because of the high fuel prices.

  • wascator

    What about any inflation effects? We have been told it is coming, based on the government printing Dollars. The first time I paid $1 per gallon for gas, it was in March 1980, and you could buy a pretty nice car then for $7500, and I remember seeing a new Cadillac Coupe de Ville on the dealer’s lot with $15000 on the window sticker and wondering how anyone could afford that much for a car.
    Lots of cities have sales taxes on motor fuels,although my state does not allow fuels to be taxed locally. Still, we pay almost 40 cents per gallon Federal and state tax.A city like New York, LA, or Chicago has city sales tax on gas and this makes it a lot more expensive there.

  • 007

    Glad to hear about this. Gas prices wil hit $5.00 and Obama is going to own that price. It will probably bring on a more severe recession/depression. However, that was coming anyway. At least this might wake people up that Obama and his socialist buddies are trying to drive us over a cliff. I believe the public will be outraged by this and will take it out on them at the ballot box.

    Michael, I’m surprised you did not bring up Bernanke’s big part in these gas prices.

    • Pat

      Blame Obama! Blame Obama! That’s the republican response to everything. Hide behind your fox news smoke and mirror machine that propagates the republican lie machine. Obama’s biggest problem has been 4 years of fighting the corporatist republican party. Republicans are who has ALREADY driven this country over the cliff, and if Romney wins, you can be guaranteed we will be a nation of overpaid CEO pigs, and the rest of us will be left to die, more republican murder and mayhem! Look through the lies, and see the hell that awaits from the republican evil machine! The funny part is the Christians that think republicans are the party to support…Boy, the lie machine really works well!

  • ScoutMotto

    I’m a mite confused on all this. In Colorado, gasolie prices have stayed fairly steady the past month or so. A while back it was just over three bucks a gallon, then dipped below three bucks, now it’s holding steady on my block at 3.03. Although I’d prefer cheaper fuel, the price is not so bad considering, and it’s not showing any sign of skyrocketing here.

  • Justin

    Peak oil is just a myth……yea Right.

    • Bill

      It is a myth.

  • Syrin

    Under Bush, $4/gallon BAD.

    Under Obamugabe. Silence.

    Take note of who the aiding enemies of the state are.

  • ZOO

    The oil commodities market reacts to “incidents” around the world. This article fails to mention that in July 2008, George Bush lifted the executive ban on offshore drilling. The market did react to this and six months later the price of gas had dropped from $4 to under $2 per gallon. Obama reinstituted the ban shortly after taking office, and the price steadily climbed back to where it is today. If we had a President who declared war on the oil market and stated so, the price would tumble again. Obama wants high prices on gas and has stated such. So let him and the environmentalist he is beholding to have their fun. The economy and his presidency can go down together.

  • luis

    everyone the u.s.a is doom so if u want to make it. change your big trucks for smaller cars or your going to be losing your money

  • Peter E

    In Australia at the moment we are paying about $US7.50 for a gallon (US). I have friends who regularly bike to work. I walk about 7 miles to work to save money. Our government has just introduced a carbon tax, so power costs are expected to go through the roof as well.

  • Just Me

    I have a friend that lives in Scotland. I had written her about our economy and the USPS raising prices and of course, gas prices. She spoke about the price of eggs and how she pays $3 (American dollars) for 1 1/2 PINTS of gas. Quick calulation means it is around $10 for a gallon. Here were I live it is still at $3.30-ish.

    I agree with the above commenter. I have started making full trips when I go somewhere. It is more difficult because you have to be out for what may be most of the day. I have realized that it cost $6 for every trip I make and that is if I stay on my side of town. We recently signed up to Amazon Prime because really, it pays to go online and not spend $20 in gas looking for what we need. \

    The one thing I think about a lot is how are we going to make it out of this mess. I don’t see it getting better.

  • Lennie Pike

    1. Suzuki TU250x and a rain suit.

    2. 83 mpg, plenty of power, and a durable low maintenance great running and handling good looking motorcycle.

    3. The wonderful mental and emotional exercise of concentration, awareness, self control, and discipline in your uninterrupted task of preventing death or serious injury.

    And don’t forget to wear ATGATT: All The Gear, All The Time.

  • quercus454

    Excellent article.
    I think some here are missing the larger picture. The entire part of the western US is spread out and developed on the basis of being able to commute. High gas prices are going to make it impossible for people working in the $8-$15hr range to commute to work. Most people I know have little if any disposable income to purchase a newer car with better economy. On average most vehicles on the road today are getting between 20-25 mpg, with many not even that. People who are commuting between 40 or more miles each way to work will find they are better off living on unemployment or welfare.
    If you think the economy is bad now, wait until the next round of people become unemployed, businesses close because customers have dropped off, groceries and services increase because of transportation costs.
    It is one thing to promote green technology when the economy is robust, it is another to add more economic burdens to people who are already struggling.

    Instead of the government spending billions on green technologies that are out of reach economically for most Americans, the push should be to utilize the plentiful resources we already have. Natural gas could provide the fuel to keep our country moving. It is plentiful and inexpensive. While not a long term solution, it could bridge the gap until other techs are more proven and economical.

    Something else that should be addressed as part of a sound US energy policy is the antiquated US mining laws. Most oil in this country is located on public lands and the US government has the mineral rights. Instead of the public (US gov) giving away those minerals in the form of leases (average $12/acre)the public should retain ownership of oil. The oil companies are getting rich selling us products made from our own resources. A better system would be to contract with the oil companies to drill and refine the oil, but the public retains ownership of the products. Gasoline then could be sold at cost. No US oil products could be sold on the global market unless there was a surplus. Currently around 70% of all US oil leases are being unused.

    Some here may remember the Arab oil embargo of the 1970s. Shortly after it’s resolve there was a push to ween us off foreign oil. LOL. As part of that supposed plan the Alaskan pipeline was promoted. Well today according to people who live near the terminal, most of the Alaskan oil that travels thru the pipe is shipped to foreign countries. If all the oil that we produce in this country was used for our own consumption and the additional was procured from stable countries like Canada, the conflicts in the Middle East wouldn’t affect our transportation costs.

    • Mike Kendall

      Excellent Post!

    • Orange Jean

      You neglected or forgot to mention also the “spread out” West is largely due to lack of water.

      I think people buy specific vehicles for a wide range of very different reasons. Big families (I know a few) need more seats, some people are into a “high status” notion… but for me safety was always the big concern. When I lived in the mountains in San Diego County I drove an SUV. When gas prices went up, I started looking around for a smaller vehicle, and test drove two mid-sized cars and two compacts; terrifying on the freeways out that way… the speed limits were I lived were 80 mph for cars and supposed to be no more than 55 mph for trucks (due to very steep grades), but often you would be driving alongside (or God forbid, in front of) a speeding huge truck with steaming brakes. They allow these huge trucks that are two eight-teen wheelers attached together with one cab. Going down the mountain, I do realize in a crash I’d be mincemeat… but at least I FELT safer, was less nervous driving and therefore a better driver.

      When I moved to where I live now (Virginia, Hampton Roads are), after my truck died on me I got a car… but that was largely due to the fact I have a total of 7 bridges to cross daily, and it gets very windy out this way and in the SUV it was scarey (shaking in the wind with my butt higher than the top of the Jersey barriers, as no guard rails). There are also a LOT of deer here, so I got a mid-size car, not some tiny thing where the car would be totaled if a deer ran into me.

      Even so, I live in the county with a 35 mile commute each way for two reasons. 1) where I work (Portsmouth) is very high crime, gang infested area… thanks but no thanks and 2) even with high gas, the cost of my housing is so much lower that the combined gas+rent is about half what it would cost to live nearer to work.

      • John W.

        You are so full of it. Dual semis are not allowed in California. There is no where in Calif. with an 80 mile an hour posted speed limit. You have to go to New Mexico or Texas for that.

  • vandecasteele jurgen

    PRIOR IS THE OIL SITUATION ! let us focus on this subject you know the elite can take their responsibility to go in the right direction this is our last chance folks their is no future if they go with a war on the middle east its up to us to resist ! and yes folks it does resistance is Victory i still believe that their are good people in the illuminati and choose people over profits

  • Gary2

    I have noticed many gas stations making all pumps pre pay period. Even in nicer areas of town. The owner said there are too many drive off’s and the police do not have the resources to investigate them.

    • BenjiK

      We’re also going to see a spike in “gas theft”, IE; night-time siphoning. The last time gas prices soared locking gas-cap manufactures such as Stant saw massive demand and subsequently massive back-orders.

    • ScoutMotto

      I used to work at a Stop-n-Rob 25 years ago. Drive-offs were a huge pain. I don’t blame them for making the pumps pre-pay.

  • J.C.Vaughan

    Frankly, I confess that I will be both interested and thrilled to see just what $20 per gallon gas actually looks and feels like! “Now you take it, Dr. No!”

    • Orange Jean

      It’s gonna feel like HELL when you look at your grocery bill! Where do you think food comes from?

  • Big M

    The fact is, very little oil from the Middle East is used in the US, possibly 5%. However, all they have to do is keep up the Iran booga-booga, and the fear alone will send oil/gas prices up, even if they never attack Iran (yeah, right).

    But, as with food prices, a lot of this is being driven by speculators, who keep buying/selling the same commodity over and over, raising the price each time. This just happened a few years back, and I’d bet the farm, my ass, and the kid’s college fund that it’s happening again. Of course, it’s also outrageous that people pay so much in taxes per gallon of gas.

    • xander cross

      I agree with you on this point.

  • John S

    The price of gas isn’t so much an issue for me–I can walk to work even the job 8 miles away, if necessary. But heating oil is another matter. I have to burn about 8 gallons a day… or freeze to death. It’s almost $4 gallon today. By the end of Obama’s second term it will be $12 gallon. I’m not sure how a can buy $24,000 of heating oil on a $13,000 salary. Especially next year when I’m forced to spend a further $18,000 a year on health insurance. (And let’s not even mention the massive tax increases already on the books for next year.)

  • Nightowl

    Today In N Nevada gas is $3.75 per gallon. What I didn’t see in this article is the plight of the hundreds of thousands of local Independent Contractors who deliver product every day to local places of business. We rarely ever get a fuel surcharge added to our pay, and when we do it’s laughable at best.

    When I get it, it’s a whopping $6.50 per week…. PER WEEK and that’s for driving over 700 miles a week. It costs me approx. 24% of my pay per day to drive, and thats just gas, nothing else. Wear and tear? My problem. But we can’t raise our rates, they are made by the thieves we work for.

    So the next time you see some poor schmuck carting in boxes to your favorite store in an unmarked van, THANK HIM! That’s if he speaks English.

  • kamal

    maybe u need a motorcycle to work?…hehe..100cc bikes are not that slow…i spend less than $3 a week on petrol.

    • Nightowl

      Its kinda hard to attach 2000 pounds to the back of a bike and ride it in the snow. Maybe if I built a special trailer I could do it, but then there goes that mileage!

  • i’vegivenup

    ONE WORD: SPECULATORS

  • Roberta Villordo

    http://www.ice-news.net/2011/05/23/the-next-time-you-fill-up-blame-barack-reid-durbin-and-pelosi/ == It says = The high price of gas is not simply a function of the cost of crude oil. There are many causes for the $4.00 we are currently paying for a gallon of gasoline. Of that $4, taxes account for 52 cents, distribution and marketing about 32 cents, refining 56 cents, and the cost of crude oil $2.60. == From some accountants, they say the cost of crude oil is like $0.25 a barrel. When they sell it, there’s mark-up. BUT before you get to that, there’s no labor but there’s management and technology. No labor – everybody is management – so no labor union. BUT who owns that techonology = Maybe Rockefeller. You need to go to the patent office to check if that is right. With PATENTS, usually they charge ROYALTIES. BUT with Maybe Rockefeller & 7 sisters, they also charge RENT for plumbings and all. As we all know RENT is not FIXed. Rent always goes up. That means that RENT could now be more expensive than oil and the land its on. This is why they need to BOMB and make war with Iran. Does Iran charge RENT on their own? I don’t think so. This is why we should thank Carter. I think Bush is one of the 7 sisters. BUT that’s not all. Putin or Russia can do about 15 million barrels of oil a day. This is why I think Putin or Russia wants to bomb Iran too most specially if it is the bomb & soldiers of the USA that will be the front & center of this war. Once all our soldiers are dead and all our bombs are used up, Russia can just walk in into the USA.

  • marco

    North Dakota has 25x more oil than known recently, and it’s on private land that the feds can’t prevent being drilled. I question the peak theory. Natural gas has yet to contribute even a fraction of what it can to make America a net exporter of energy. Lobby gas stations to add nat gas infrastructure so we can drive as we need to with this clean fuel. Would someone find the reliable statistic based on current knowledge of how long nat gas could supply most of our energy needs?

  • Alex

    It is around $8 per gallon (3.78 litres) in New Zealand. No big deal. Why are you complaining about $3.5 a gallon?

    • Bill

      Because New Zealand is smaller than Colorado, I would imagine your commute is shorter than most American’s.

  • Dwayne

    To all you liberals who think the rising gas prices are not going to affect you because you don’t drive gas sucking v-8 cars and trucks and use mass transit as a primary means of transportation. Don’t forget that most items that you use in daily life is made from oil so rising oil will affect everybody. I live in Mississippi where most people have to commute and it will have a big affect on alot of people. When I was out in California and alot of people had a long commute to the bay area with gas already high there it will definitely hurt. If you work in a restaurant and the food cost and delivery price of items go up and the owner is unable to pass that cost to the customer because the customer won’t pay he may just lay off a dishwasher or cook which may be you. So it will affect you and everybody. We need the pipeline and any other source of oil that we can get our economy depends on it and you do to but you may not want to admit it. I do agree on alternative energy but but that will not solve our immediate provlems

  • Clown

    I recommend you compare gazoline prices world wide. I believe in india they have lowest price for gazoline because they produce it themselves. We who live in countries which are relying on oil to be exported in are always going to be affected.

    Rest of the europe pays US$ 7.8 for gallon of fuel. I don’t see reason for americans to whine.

  • http://www.theautochannel.com Bob Gordon

    Time to get Pissed America…put the blame where it deserves to be, the oil sycophants and other anti-Americans. The solution to high gasoline prices (and bad guys controlling our lives and fortunes) is simple, sustainable, green and within reach…

    http://www.theautochannel.com/news/2010/07/13/487094.html

    Patriotic Americans should push their oil bought politicians to get on the right side of the argument.

  • DB200

    So America is trapped in their suburbs, created in the 50s and 60s when oil was dirt cheap.

    It has to commute long distances to/from work and to/from shopping centres. Without a car, you are lost.

    Then the car itself. Gas guzzling trucks and SUV’s everywhere, bought on loans, with the same fuel economy as the Chevrolets in the fifties.

    So a fifties lifestyle that is unsustainable in the longterm.

    Already in the 90s I read stories in (independent) newspapers that a change should happen because America’s lifestyle made it very vulnerable to external shocks. The change never happened.

    Would all this be a coincidence?

  • Jane B

    Won’t be too long now before the US is full of mini scooters just like in Europe.

  • Alex

    As Dwayne says, America needs that pipeline from Canada. They also need to do some more drilling at home. The American economy needs oil you know. And when that runs out we will worry about it at the time. But for now, just keep drilling.

  • son of hob

    I’ve trained for miserable, suffering, disappointing, exhausting, diseases, disasters, devils, death, divorce, debt, and deception all my life…and it has brought me a peace beyond understanding, coupled with an indomitable spirit! America is in rebellion, denial, and morally corrupt to the core! The great Babylon will soon fall…from its own devices.

  • mondobeyondo

    “Save gas. Fart in a jar”.

    — 1982 bumper sticker

  • http://huffingtonpostvideo.blogspot.com Mike Jones

    Government is only thinking of
    what will get them more money
    and get them re elected.

    They no longer care about the
    people they represent.

    Times are going to continue to
    get harder and harder.

    What to do about this?

    I am so glad I learned the
    answer in a web site I
    found put together by a
    millionaire.

    How to Profit like the Ultra-Rich in Times of Economic Chaos
    (click on my profile name to go to my blog to see my full video)

    I know this video can help you also.

  • Darren

    It’s funny how the Obama administration says something needs to be done about the high gas prices but yet they oppose building the Keystone Oil Pipeline that could actually help us if we were somehow cut off from the Arab oil. Obama wants gas to go up so people will by those green energy efficient cars and to promote his green projects. Even if we elect a Republican into the White House, prices will continue to rise.

  • Arctic Man

    Y’know, this gas price stuff is a relative thing. What’s the price of gas in Europe? They have adapted their lifestyles to accommodate whatever amount of their budget they are willing to pay for fuel to get to wherever they need to go, as well as heat their homes, cook their food, etc. Yes, I know it’s getting tight and everyone’s feeling the squeeze. We are used to relatively cheap fuel, and it’s not going to improve, if ever. I live in rural Alaska. Reg unl is $4.11 today. Out in the remote bush villages, it’s up to $10/ gal. Ouch. (Major part of their welfare checks). As for the rest of us working stiffs, we gotta suck up and decide how much do we need to drive, play, etc. It’s not an unlimited thing, huh. The rest of the world is having to make those types of decisions already. Party’s over, friends. We are going to have to become more efficient.

  • Me

    I could CNG convert my car… my EXISTING car, for under $1500.

    In my garage.

    With a socket wrench set.

    And it won’t be street legal. And the second I get in an accident, my fault or not, guess where I’m going?

    This is the one and only one reason why I don’t do it.

    I’m serious, it’s that easy.

    Write your politicians about the fact that CNG conversion kit manufacturers have to pay “protection money” in the amount of several hundred thousand to the EPA to get their product listed FOR EACH INDIVIDUAL MAKE AND MODEL OF CAR. That’s several hundred thousand PER VEHICLE their kit is “certified” to run with. This is BEFORE testing costs.

    It works the same on every fricking car, man.

    There’s an “approved list” that you could fit on a postage stamp. It’s mostly GM junk SUVs… also known as pointless.

  • Old Gasser

    The greedy Arabs know that the Crash is coming, so they’re doing their profit taking while they can. Like the old saying, “You can’t get blood out of a rock”, they won’t be able to squeeze us any harder once we’re completely broke…and even the magic Fed won’t be able to save us!

  • bill

    it is not the cost of oil in another country.but the greedy profits.made off of a gallon of gas.and oil products.to the tune of billions.in profits.soon to be in the trillions..in America..

  • Adam

    I think that Apple should just make an iCar that runs on total solar power. They definitely have the capabilities! Who’s with me?!?

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