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.

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  • 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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