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What’s With Gas Prices?

Well gas prices are up to $3 a gallon again so when George Bush was President we blamed him so why are they up again?  I don’t see Obama doing anything about it.  Ugh.  – Deb, Dracut

Actually I blamed the oil companies when gas prices were soaring not too long ago.  But blaming Presidents works, too.

And prices are definitely going up.  Today AAA reported that average gas prices in Mass. went up 4-cents per gallon last week and a dime over the last 2 weeks.  Just in time for us all to drive to Grandma’s house for Thanksgiving, make multiple trips to the mall to buy presents, and then travel again for the holidays.

Some analysts are saying the recent price increases aren’t a supply-demand thing, but probably have more to do with a weak dollar and speculation on commodities, like oil.  It might also have something to do with refineries producing more heating oil at this time of year.

slide23 ap Whats With Gas Prices?

credit: AP

Deb wants Pres. Obama to do something, but how much power does the president have over these global markets?  Why do you think gas prices are going up?  How high will they go? And how high do they have to go before you drive less?

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Comments

One Comment

  1. macmum says:

    Let’s face it. They know that the demand will be up in the next few months for heating homes and driving to “grandmother’s house” for the holidays. It will take a lot more facts to convince me that this is anything more than just price gouging and taking advantage of the public demand/need. Either way though, paying $3.00 a gallon to gas up my car is still better than being frisked at Loagan any day.

  2. mikey says:

    Gas prices are going up because the Fed continues to print money which devalues the dollar in world markets.

  3. Culture_Warrior says:

    Obama should butt the hell out of all capital markets. It will take 30 years to undo the damage he’s already done. His is the case where the cure is worse than the disease. Please, don’t give him any thoughts. He’s already trying to figure out what comes after “trillion”.

    1. macmum says:

      Wel.come back CW! I have to agree. I wish there was a way to outnumber the sheep that keep voting in people who speak eloquently, but truly have no plan or a clue how to come up with one to make things better rather than progressively worse. :-(

  4. John says:

    Do you think we are now paying for the BP oil spill, or possibvle future oil spills???.

    Another fact is that China now has most of our jobs, and their people are trading their bicycles for cars. The cars need gas, and in turn drives up the world market demand for gasoline.

  5. BostonIrish says:

    Mikey, absolutely the reason. Keep printing money until it’s worthless. This should be the hottest topic here at home. It’s a real hot topic outside of this country. The rest of the world is watching as we eventually turn into Greece. A country with a shattered financial infrastructure and the Dollar worth about one Peso on the world market. At the rate we’re printing money it should take til next summer for gas to hit 4 bucks. Maybe then something will be done to stop this.

  6. 1stackmack says:

    whats with the prices,simple.greed.the only real reason why the gas prices are up.the uncaring investors in wall st.are sending oil up before the big travel weekend.and i’ll bet my whole savings.thats a whole $2.50,that the tuesday after this weekend.that the prices go down.

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