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GasBuddy News Article

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Who to blame for the price at the pump? Tough to say

Politifact -- $3.84 a gallon.

Three-eighty-FOUR! For one lousy gallon, one milk jug’s worth of gasoline.

The cost of a fill-up? Don’t even get us started.

Whose fault is it?

Keystone. China. Obama. PolitiFact has heard it all. Since the beginning of this year, we’ve checked more than a dozen statements and ads about gas prices. In most every case, we’ve found politicians oversimplifying their attacks, or just plain getting the facts wrong.

Did you hear the one about the single-day gas protest in 1997 that forced prices down overnight?

Well, it never happened.

In reality, the price of gas is determined by a litany of complex and shifting factors (Brent derivatives, anyone?), few of which you’ll hear mentioned in :30-second political ads.


Read the Full Article

Submitted Apr 30, 2012 By: eromitlab
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Who to blame for the price at the pump? Tough to say Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: May 4, 2012 5:02:42 AM

HIGuy: if you really believe that, I have some land to sell to you ... in the Everglades along w/ a Bridge in Alaska.
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HawaiianGuy
Champion Author Idaho

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Message Posted: May 2, 2012 6:23:25 AM

Blah, blah, blah. S.O.S.
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Vette1967
Champion Author Albany

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Message Posted: May 1, 2012 11:29:13 PM

How about the President that was in office when the first Model T used gasoline.
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jetskijerry
Champion Author North Carolina

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Message Posted: May 1, 2012 11:19:08 PM

too high
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jetskijerry
Champion Author North Carolina

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Message Posted: May 1, 2012 11:18:56 PM

crooks
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HawaiianGuy
Champion Author Idaho

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Message Posted: May 1, 2012 11:17:42 PM

Who to blame for the price at the pump? Why, it's none other than our Fuhrer-in-Chief, Barack Hussein.
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tomok
Champion Author Portland

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Message Posted: May 1, 2012 3:29:29 PM

Who to blame for the price at the pump? --- 'Whom to blame for the price at the pump!'
There is plenty of blame to go around! Big Oil continues to sell fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their benefit.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible!
The price of fuel at the pump is too high!
12/22/2012!
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sparky808
Champion Author Honolulu

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Message Posted: May 1, 2012 12:26:35 PM

Thank you for posting.
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Blismo
Champion Author Arizona

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Message Posted: May 1, 2012 7:09:45 AM

i can think of a few people to blame
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mrpc90
Champion Author Illinois

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Message Posted: May 1, 2012 6:55:38 AM

Democrats are to blame.

They made a huge political deal of gas prices while Bush was in the White House.

Now that things are even WORSE under Obama, they claim that there's nothing that they can do.

WHAT?

I'd LOVE to go back to the days of $2 gas and 4.5% unemployment during Bush's years.
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07skydriver
Champion Author Ohio

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Message Posted: May 1, 2012 4:54:51 AM

Just stay home.
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Dodge_Me
Champion Author Atlanta

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Message Posted: May 1, 2012 1:40:31 AM

If it's not the Bush's fault then how could it be Obama's fault since you guys say Bush couldn't effect gas prices, I guess according to that idea, neither can Obama effect gas prices, Just saying, Fair is fair, right?
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tobasco
Champion Author Los Angeles

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Message Posted: May 1, 2012 12:30:43 AM

Whatever.
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N5EXY
Champion Author Austin

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Message Posted: May 1, 2012 12:04:16 AM

Blame Bush, of course. Both of them.
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apiergallini
Veteran Author North Carolina

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Message Posted: Apr 30, 2012 11:50:33 PM

@coke_kid

False. Check out http://www.eia.gov/analysis/requests/federallands/pdf/eia-federallandsales.pdf and go to the chart on page 3 (fifth page of the document). Look at the "onshore federal" column. You'll see that the lowest number from during Obama's administration is from 2009, at 105 million barrels. That ties with the highest production under the Bush administration, in 2007. The Obama administration beats Bush's in every category - offshore federal, onshore federal, and even Indian lands, along with total production. You might want to actually use facts in the future when making claims.

Also, many of the expenditures under the Obama administration were out of his control. He can't change how much the SSA pays out. Nor Medicare, nor military pensions. You may also recall that there was a war going on when he took office, and the funding of that war goes on his account. The country already had obligations the day Obama took office, and, for most of those, there was little to nothing he could do to change that. For practical purposes, the money had already been spent, but it just hadn't been accounted for yet.

Furthermore, your "sugar" statement doesn't even make sense. The price of sugar is determined as much, if not more, by the supply and demand for sugar. If production of sugar declines, and/or usage goes up, the price of sugar will go up as well. It's simple economics. Spending money doesn't cause inflation. Spending money is a zero-sum game: for every dollar you spend, someone else receives a dollar. The valuation of the dollar is determined by factors such as the supply of money and the creditworthiness of the US. Bear in mind, Republicans cheered when the US's credit rating was downgraded. They were cheering for inflation. Why? Not because it's good for us, but because they want the Obama administration to get a bad rap, so that they can take control of the government. That's like your mother celebrating that your father got laid off because now she'll be the breadwinner in the family. Good for her, but bad for the family. Likewise, good for Republicans, bad for the country.

Finally, if your'e going to say these are the "real" numbers, you might want to cite sources for them. And what on earth are you talking about, no budget in three years? A budget has been passed every year. The President doesn't just get to say, "Here is the budget." He can say what he WANTS the budget to be, but Congress still has to pass it. You may recall learning something about "the power of the purse" back in school....
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Ahking
Champion Author Orange County

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Message Posted: Apr 30, 2012 11:37:41 PM

blame it on all the smart businesses that find customers who will pay more.
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DandyDapple
All-Star Author North Dakota

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Message Posted: Apr 30, 2012 11:35:26 PM

There's more to it than the general public is allowed to know ...
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CheeseMan
Champion Author Raleigh

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Message Posted: Apr 30, 2012 11:35:16 PM

I almost fell down a flight of stairs two days ago. At first I thought it was my fault then I realized that it was George Bush's fault.

I guess the same reasoning holds true for gas prices too.
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badspots
Champion Author Houston

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Message Posted: Apr 30, 2012 11:32:46 PM

Ok.
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tedjm1
Champion Author New York

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Message Posted: Apr 30, 2012 11:32:45 PM

Politicians have a stake in energy. They get money and have stocks. Do youthink they want to slp the hand that feeds them?
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granitestater
Champion Author New Hampshire

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Message Posted: Apr 30, 2012 11:31:20 PM

Way too many people seemed to have asleep during the economics lecture in school. "Speculators" are only investors who hold commodities contracts until they "mature". Sellers (well owners) and buyers (refiners) are the real market force. --duty calls, be back later---
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Dodge_Me
Champion Author Atlanta

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Message Posted: Apr 30, 2012 11:29:09 PM

Hmm, a gallon of milk last me about a week and a gallon of gas will last about 20 mins. :-)
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2bigtanks
All-Star Author Akron

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Message Posted: Apr 30, 2012 11:25:51 PM

Okay.
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TIGERPAW46
Champion Author Florida

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Message Posted: Apr 30, 2012 11:25:08 PM

We all have our opinions.
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granitestater
Champion Author New Hampshire

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Message Posted: Apr 30, 2012 11:24:19 PM

Blaming speculators for bad prices is like blaming weathermen for bad weather. Speculators buying commodity futures contracts are only gambling on a roll of the dice or the turn of a card. They don't roll the dice or deal the cards. They just win or lose on the outcome of somebody else's efforts...
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kcboy
Champion Author Utah

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Message Posted: Apr 30, 2012 11:23:07 PM

Ok
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crreed1
Champion Author West Virginia

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Message Posted: Apr 30, 2012 11:22:33 PM

BSS
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pastorpaulcg
Champion Author Virginia

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Message Posted: Apr 30, 2012 11:22:16 PM

Bush!
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monarch57
Champion Author British Columbia

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Message Posted: Apr 30, 2012 11:21:21 PM

Get rid of the speculators.
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fieldt
Champion Author Lansing

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Message Posted: Apr 30, 2012 11:20:24 PM

Deg +1
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otherdave
Champion Author Indiana

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Message Posted: Apr 30, 2012 11:20:24 PM

BHO, big oil, and speculators.
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NorthglennBill
Champion Author Denver

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Message Posted: Apr 30, 2012 11:20:14 PM

Interersting article but it still doesn't tell us who is to blame. Closest thing it comes to saying is that some of the blame is on speculators.
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Double_Golden
Champion Author San Francisco

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Message Posted: Apr 30, 2012 11:18:49 PM

don't forget SPECULATION...
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OGW
Champion Author London

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Message Posted: Apr 30, 2012 11:17:31 PM

The biggest reason is Wall Street speculators, especially those who never take delivery of product and are only in for money from trading. Obama and the White House are not the culprits.
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flahusky
All-Star Author Florida

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Message Posted: Apr 30, 2012 11:17:26 PM

The American citizen for not revolting.
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frostyWV
Champion Author West Virginia

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Message Posted: Apr 30, 2012 11:17:17 PM

speculation
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flagman420CT
Veteran Author New Haven

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Message Posted: Apr 30, 2012 11:17:14 PM

You can't win!!
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Bleeder
Champion Author Virginia

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Message Posted: Apr 30, 2012 11:16:55 PM

State taxes are one of the biggest reasons for the variance (although they don't change daily). Unfortunately we don't use our gas tax dollars wisely.
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yakstar
Champion Author Montreal

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Message Posted: Apr 30, 2012 11:16:51 PM

Use milk instead!
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granitestater
Champion Author New Hampshire

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Message Posted: Apr 30, 2012 11:15:18 PM

The base price of gas is the same everywhere. Why does it vary state-to-state? One word--TAXES!
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Bigwaynef
Champion Author South Carolina

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Message Posted: Apr 30, 2012 11:15:15 PM

Ha, You know it's BUSH'S FAULT!!! I overslept the other day and told my boss why I was late that it was Bush' fault and he excepted it!!!
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regout
Champion Author Quebec

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Message Posted: Apr 30, 2012 11:15:13 PM

Speculators.
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DEG
Champion Author Las Vegas

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Message Posted: Apr 30, 2012 11:14:54 PM

Obama's EPA is a major reason as is Big Oil.
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HEBster
Champion Author Kentucky

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Message Posted: Apr 30, 2012 11:14:51 PM

Believe who you want
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miser709
Champion Author Grand Rapids

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Message Posted: Apr 30, 2012 11:14:47 PM

Who to blame for the price at the pump?

Easy one. That would be the one who ends up with our money.
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spike43
Rookie Author Buffalo

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Message Posted: Apr 30, 2012 11:14:20 PM

mmmmmmmmmmmmmmmmmmm
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jkpsr
Champion Author New Jersey

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Message Posted: Apr 30, 2012 11:13:59 PM

It is simply caused by loose money and unrestrained investors.
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jem069
Champion Author Detroit

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Message Posted: Apr 30, 2012 11:13:09 PM

Ok
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millerin
Champion Author Orlando

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Message Posted: Apr 30, 2012 11:12:27 PM

hmmm....
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Toppers
Champion Author Atlanta

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Message Posted: Apr 30, 2012 11:09:28 PM

Take your pick...
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