April 25, 2011

Well, Here We Are (Update: Pictured Station Lowers Price to $3.859)

Filed under: Economy,Taxes & Government — Tom @ 3:58 pm

$4 a gallon gas (okay $3.999) — Taken shortly after 3:00 p.m. at I-71 and Ohio SR 741:

Speedway399pt9Apr252011

Our President is getting his wish, if he considers a two-year climb from $1.79 to $4 “gradual,” and/or if he similarly views an increase of over $1 in less than 6 months:

One may question how much responsibility Obama’s administration has for current prices — I maintain that it’s more than minor — but no one can question whether he believes that $4 and higher gas is inherently desirable. He does, and it’s not arguable.

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UPDATE: CincyGasPrices.com shows about a dozen other stations besides the one pictured above at $3.99, with a current local average of $3.86.

UPDATE 2: Well, I could either say “BizzyBlog gets results” or acknowledge Murphy’s Law. The price at the station in question changed about an hour later to $3.859. Sadly, I think it’s Murphy’s Law. :–>

UPDATE 3: At Gateway Pundit — “As Gas Prices Reach $4 Per Gallon – The Obama EPA Forces Shell to Abandon Arctic Drilling” (HT to commenter “Gregory” below). From here, it looks like they did it for no valid reason — except that they can.

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5 Comments

  1. The Oil Situation Could Be Worse Than We Thought

    http://seekingalpha.com/article/264979-the-oil-situation-could-be-worse-than-we-thought

    The story? The Saudis, as you may have hard, are increasing their social spending programs in an obvious attempt to deflate any “rebellious” ideas from their population.

    They’ve recently announced a $125 billion spending program, which amounts to something close to 30% of GDP.

    What it means is that the Saudi family will require a slightly…higher sustained price of oil in order to break even. From the FT story:

    The break-even oil price the Gulf kingdom requires to balance its budget will jump from $68 last year to $88 this and then $110 in 2015, according to new estimates by the Institute of International Finance, a leading industry group.

    Of course, even with the days of peak oil production likely in the rearview, oil doesn’t just double in price in a few years…unless of course the currency you’re using to price oil is also being devalued at a record pace.

    So, you’ve got to start thinking that maybe Ben Bernanke is starting to realize some of the disastrous effects of his devaluation policy

    The Saudi’s no longer have a #1 priority interest in saving the US, now they have to save themselves…Thank you Barack Obama for back stabbing Mubarak in Egypt. In other words Tom, the price of oil isn’t coming down anytime soon UNLESS we unleash the oil and gas companies here at home. Fat chance of that happening until 2012 when the voters will be sooooooo angry with liberal Democrats that a GOP sweep of 2 branches of government occur in 2010 style. I think now the liberal elites have a vested interest in saving themselves from the wrath to come. Look for key defections in the Senate, Harry is not going to see this coming and we just may see a new Senate Majority leader if Dems get really worried.

    Comment by dscott — April 25, 2011 @ 4:38 pm

  2. THIS SUCKS AND NOW WE JUST READ WHERE OBAMA HAS FORCED SHELL TO GIVE UP ARTIC DRILLING THIS SUMMER.

    As Gas Prices Reach $4 Per Gallon – The Obama EPA Forces Shell to
    Abandon Arctic Drilling

    http://gatewaypundit.rightnetwork.com/2011/04/as-gas-prices-reach-4-per-gallon-the-obama-epa-forces-shell-to-stop-drilling/

    Comment by GREGORY — April 25, 2011 @ 5:56 pm

  3. OH AND I ALMOST FORGOT, YOU CAN FIND REALLY CHEAP GAS AND $4.00 GAS IN CINCINNATI AT THIS WEB SITE, I WOULD BOOK MARK IT SO YOU CAN GO TO BUY GAS WHERE IT IS CHEAPEST IN THE CITY.
    http://www.cincygasprices.com/

    Comment by GREGORY — April 25, 2011 @ 6:00 pm

  4. GAS PUMP ACTIVISM! TICK OFF DEMOCRATS PRINT AND GLUE TO THE PUMP.

    http://disruptthenarrative.wordpress.com/2011/04/24/gas-pump-activism/

    Do you have to take these gas prices in silence? I don’t think so.

    All you have to do is download this pdf, print out a few copies and put them, along with a roll of Scotch tape, into your car.

    The next time you fill up, instead of watching in horror as the dollar amount on the pump races by as the gallons trickle into your tank, afix one of these to the pump.

    Take care to not cover vital information regarding safety, etc. and don’t cover any advertising.

    Then drive off with a smile on your face, knowing that when the next person drives up to the pump they’ll either agree with you and be pleased to know that they’re not alone, be better informed by your message or if it’s an Obamabot, you’ll have thrown water on their circuitry and ruined their day………

    Comment by GREGORY — April 25, 2011 @ 6:40 pm

  5. [...] on Monday, one station changing its sign isn’t going to change [...]

    Pingback by BizzyBlog — April 28, 2011 @ 4:54 pm

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