Gas Prices

http://gasbuddy.com/gb_retail_price_chart.aspx

ch.gaschart
 
Here. Let me post a chart of gas prices, the DJIA and S&P 500 and see if you can figure it out all on your lonesome:

I already have....removing the restrictions on domestic production.....but since you can't articulate anything different, you want me to make up an argument for your side so you can use it against me?......
 
So with the exception of a two month spike in 2008 at the peak of the oil speculation, gasoline prices have been higher on average since 2010 than they were under Bush.
 
This is fun:

both charts prove you wrong.....or didn't you realize that?.......

query: what month did the price begin to drop......July, 2008.....what month did Bush remove the restrictions on domestic production.....July, 2008......what month did the price begin to go back up?......February, 2009......what month did Obama restore the restrictions on domestic production......February, 2009......
 
both charts prove you wrong.....or didn't you realize that?.......

query: what month did the price begin to drop......July, 2008.....what month did Bush remove the restrictions on domestic production.....July, 2008......what month did the price begin to go back up?......February, 2009......what month did Obama restore the restrictions on domestic production......February, 2009......


LOL Actually, prices began going back up in January 2009, but I appreciate your keen attention to detail. And I think you have a correlation/causation issue.

Also, too, if the removal of the restrictions on domestic production led to the decrease, one would expect that the restoration of the restrictions would lead to prices going back to where they were before the restrictions were lifted, no? But that didn't happen, did it? In fact, prices still have not reached the previous pack, have they?
 
So with the exception of a two month spike in 2008 at the peak of the oil speculation, gasoline prices have been higher on average since 2010 than they were under Bush.


With the exception of a single unfortunate incident, Mrs. Lincoln had a lovely time at Ford's Theatre.
 
LOL Actually, prices began going back up in January 2009, but I appreciate your keen attention to detail. And I think you have a correlation/causation issue.

Also, too, if the removal of the restrictions on domestic production led to the decrease, one would expect that the restoration of the restrictions would lead to prices going back to where they were before the restrictions were lifted, no? But that didn't happen, did it? In fact, prices still have not reached the previous pack, have they?

sustained high prices for three fucking years because of Obama's inaction.........you don't have a clue, do you.......
 
With the exception of a single unfortunate incident, Mrs. Lincoln had a lovely time at Ford's Theatre.

Very true. But to say Bush levels of gasoline prices in his eight years of office should be reflected by a two month window of excessive speculation is nothing short of absurd. That said, you are correct that it was not the removal of restrictions that dropped prices. It was demand destruction and the economic collapse around the world that got speculators to turn the prices south in a very harsh manner in the second half of 2008. They pushed prices below sustainable levels. (funny how no one ever bitches when they push it too low)...
 
sustained high prices for three fucking years because of Obama's inaction.........you don't have a clue, do you.......

while drilling more would certainly help to reduce prices to a degree, the largest factor in the continued high prices are the increases in demand world wide... especially in China and India. At this point, unless we have a conversion of fuel source from oil to nat gas based, you are not likely to see a sustained drop in prices.
 
sustained high prices for three fucking years because of Obama's inaction.........you don't have a clue, do you.......


Ok, but, like, why didn't prices go back to where they were when the restrictions were put back in place and, like, why did prices begin to increase before Obama was innaugurated?

Also, too, if you look at the long-term price trend below and conclude that prices below where one would expect them to be if you extrapolate the pre-crash curve are "sustained high prices" then you're an idiot.

ch.gaschart
 
while drilling more would certainly help to reduce prices to a degree, the largest factor in the continued high prices are the increases in demand world wide... especially in China and India. At this point, unless we have a conversion of fuel source from oil to nat gas based, you are not likely to see a sustained drop in prices.

I disagree.....by removing restrictions, speculators were introduced to uncertainty as to futures prices and they all took their current profits and went home....

besides, things are different today than they were in 08......crude was over 140 a barrel then, its 108 today.....world demand isn't that much higher than it was two months ago, yet the price of gas went up 40 cents plus.....
 
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