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It seems directly after the Bush's signing of the "new energy policy" the price of a gallon of gas shot up 40 cents. I'm paying around $2.50 now. Thats more than a 25% increase since April. Sure, thats cheap compared to other parts of the nation, but as a student who commutes it raises concerns.

We consume such a vast amount of oil that we get it dirt cheap in the US compared to Europe (we'll be there altogether too soon folks). Besides the high demand- speculators have driven the price of a BBL of oil to an all time high and will drive it higher as long as we consume ever increasing amounts of gas in our ridiculously fancy high-powered expensive vehicles. This is not the Arabs' fault. They're pumping the oil as fast as they can. $$

The largest economy in the world is going to see a real setback when prices rise and the "discretionary" income for things like widescreen tv's ends up in the gas tanks of our SUV's. Just going to the grocery store will open your eyes. I predict a 25% increase in products since just about everything is moved by truck these days. Thats real inflation.

As usual nothing will be done until the shakers and movers get nervous; then the first wrong thing will be implemented since greed will still hold sway...

It is cheap compared to other parts of the world.
We are currently paying about $4 per gallon.

It's $2.70 here on the WA coast. Diesel is $3.00. No likey diesel vehicles anyway.

Bush had to take a 5 week vacation to count all the kickback money he will get from the oil companies.

9000white wrote:Bush had to take a 5 week vacation to count all the kickback money he will get from the oil companies.

Are you the same guy that said the Iraq war was just for oil? If that was true then why is the price going up?

Bush gets trashed no matter what.

Yeah, didn't you know? Bush works for the oil industry and everything he does is for their benefit.

Let's stick to the facts about why gas prices are up, rather than spewing forth a bunch of political B.S., okay?

Kal wrote:I am so jealous...

Using current conversion we are paying about $7.25 a gallon and its rising.

Damn you, Tony Blair!

Maybe we shouldn't blame Bush for high gas prices, but it seems so natural to blame him, if for no other reason than he sucks up to those treacherous bastids. But it's not his fault, Cheney is the guilty one......

I'm not a much of a supporter of Bush however we only have ourselves to blame. Speculators are after the gains of the increasing price of oil and have little thought of how the rest of the markets and citizens will suffer in the long run.

Now I truly believe Bush has pimped out the US govt policies and financial power to the special interests. As a nation we obviously gave our assent to this by re-electing the man. Really, all of this is a reflection of the Bush family's political and economic philosophies and goals. Keynsian economic policies make the wealthy more so than the rest of us. When something is being trickled down the peons are usually gettin' peed on. It put us in a recession in the 80's under Reagan and it'll happen again. It has truly been something disturbing to watch take place.

I remember when oil was $7 a BBl in '86. Those were some ugly hard times in Texas! A reasonable price for oil is all I'm asking for, though there are many here in my state that are laughing all the way to the bank in their Escalades...