May 1, 2012 6:08 PM
Last Friday, the average price of gasoline in Montauk reached a whopping $4.69 per gallon, the second-highest price in New York State, according to Oil Price Information Service, a company that tracks petroleum pricing.
That same day, nine communities on the East End were in the top 100 average highest gas prices among the 870 communities surveyed by OPIS. Amagansett was number four, with gas at an average of about $4.46 a gallon. Westhampton Beach and Sag Harbor villages were numbers 12 and 13, respectively, with gas there priced at about $4.36. Southampton was number 64, with gas at an average of about $4.24.
The average price of gas nationwide was high in recent weeks but has been stabilizing in the last few days and is now hovering at around $3.82 a... more
That same day, nine communities on the East End were in the top 100 average highest gas prices among the 870 communities surveyed by OPIS. Amagansett was number four, with gas at an average of about $4.46 a gallon. Westhampton Beach and Sag Harbor villages were numbers 12 and 13, respectively, with gas there priced at about $4.36. Southampton was number 64, with gas at an average of about $4.24.
The average price of gas nationwide was high in recent weeks but has been stabilizing in the last few days and is now hovering at around $3.82 a... more
RIGHT...
Without "postion limits", speculators can buy up a commodity, and create a totally fake "crisis" of supply.
At the height of the "oil crisis" a few years back, crude was trading at $120 a bbl., and was being sold by OPEC at $45 a barrel. It's a shame OWS can't find a way to get their point across, using the right ammo...
After we removed that evil tyrant murdering S.O.B of a President, Saddam Hussein from Iraq. The man who raped, butchered and poisoned Innocent women & children for political reasons our President, Barrack Hussein should have demanded in exchange for removing This international terrorist supporter and his thug sons Uday that Qusay and their rape squad justice that the people of Iraq should repay us for our deed with OIL!
27Dan Thats what should happen for years and years and years!
Must be nice to be able to undermine an Act of Congress, without the vote, or approval of that governing body...
What changed?
The rules of the Street's market, for one. The way the commodities market is structured second, and thirdly, let's not forget all those "greenbacks" Greenspan rolled off the ...more Fed presses, and injected into the world economy. The M2 factor in our economy has SKYROCKETED from about 3.8 trillion, to over 8.4 trillion since about 1994. It is the single largest twenty year financial increase in the money supply EVER. There is no comparison. NONE.
All this fiat currency inflates prices, invites fraud, and created the "Billionaire".
All this wealth, and overdevelopment you see around you was ALL financed by the Fed, and fake loot. Three of every four "trickle down" dollars never trickled further than the top 10% of income earners, and we now have the greatest degree of socioeconomic disparity in over 100 years.
Educate yourself, and for the sake of the future APPLY IT.
"It is well enough that ...more people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
1. Join the ranks of the old boys club? We know we aren't invited.
2. Fight the man? Yeah,with toothpicks and sarcasm.
3. Don't drive? This is Long Island, we have to.
4. Buy a fuel efficient vehicle? Good start.
5. Lean on elected officials to exploit our resources? As much as we can, yes.
6. Let the private sector develop motor vehicles that do not run on fossil fuels? Yes, and the private sector does a better job than the govt of hashing out who'll ...more fail and who'll succeed.
The driver of this process is at its most basic level envy. In a democratic system it is very simple to ...more claim, for what seems like a long time, that if you just take more from your neighbor, you will be able to live better. just get out of the way and let the system work.
All this fiat currency inflates prices, invites fraud, and created the "Billionaire".
Similar to the story of Yap Island...
France currently has a government that absorbs more than 50 percent of its economy. They have ...more a cradle-to-grave employment system, where once you have a job it is virtually impossible to lose it no matter your level of performance.
The retirement system for many union and government employees allows a person to retire at age 55 at close to full pay. For a while they had in place a 35-hour work-week law, which is still followed by many businesses and government entities.The politics of envy and the real reduction in competitiveness of the French society is clearly placing France and many nations in Europe at a tipping point.
They have dealt themselves a losing hand. We should simply observe, note it and hopefully choose not to play the same cards.
At least you'll have something, if the currency bubble implodes and gold ends up being $35 an ounce.
The other thing that begs asking is, are you actually buying these precious metals, or just a piece of paper that says you did? Kind of like all those stocks that were never actually delivered to shareholders, but traded for money just the same...
"Quantitative Easing" is NOT an experiment.
It is a new name, for an old economic practice that has always ended in fiscal disaster.
New spin, same old shenanigan...
Other thing to remember is that if the dollar should collapse, the next thing the Fed will do after stabilizing the free fall, is most likely ban all exports of gold from the U.S., sieze all gold inside of American borders, and give you "fair market' value for your holdings. In addition, you will most likely be hit with a "windfall tax" as well, so in a nutshell it probably wouldn't make a lick of difference that you had any in the firstplace...
I took possession of both gold and silver,and still have my account open in case I want to trade or sell.
If you bought paper gold,see if you can convert it,or sell it off,and buy from a company that will ship.
...more I don't want to say what the company I dealt with is here,but it's out of Texas and has been in business since 1997.
As far as selling is concerned,I've been selling off in small incrments for the last couple of years to a fw coin and bullion dealers.If you're afraid of confiscation,buy historic coins and not bullion.You can also convert some of your coins to jewelry by buying some bezels on e-bay and having them mounted in them.
I've been at it for quite a while and I do know a bit about it,even if you won't listen to me.
And then we have Obama himself, A man who spoke ...more gleefully during his campaign of bankrupting electric companies that invested in coal-fired power plants and his appointed Energy Secretary that sings the praises of $8.00/gallon gasoline, now claims to be sympathetic to people forced to pay $4.00/gallon. A president whose family jets separately around the world and rides around in an 8-MPG armored vehicle nicknamed “The Beast” accompanied by a flotilla of 14-MPG Chevy Suburbans, braggs about how he wants shared sacrifice and for the rest of us to drive cars averaging 55 MPG.
here's an exerpt-
"Of the administrations shown, overall growth in Mr. Obama’s first three years has been the slowest. But that is largely because government spending did not accelerate as it normally does when the private sector is weak. The private sector grew faster ...more in the first three years of the Obama administration than it did in three of the previous five administrations — the exception being Bill Clinton’s administrations, when private sector growth was more rapid. In both of George W. Bush’s terms as well as in the first three years of the George H. W. Bush administration, though, the private sector grew more slowly."
Under both Clinton and Oama,both democratic presidents,the country had faster private sector growth.Under oth Bush's,government spending outpaced private ector growth.
Looks lie the last couple of republian presien were fiscally irresponsible.
And RMoney is hiring all of their economic planners-to put those fiscally irresponsible policies back in place.
Gas prices are too high and hurting the economy, driving up food prices, reducing travel etc, etc, etc.
The Obama Admin has
A. Done a good job in addressing the problem and finding a viable solution
or
B. Has done a poor job and not used available resources in order to find a viable solution.
Captain Smith is dead so I'm concerned with who is currently at the helm.
What changed since then?
The oil spill in the gulf is testament to the wisdom of increasing drilling when spill cleanup technology is still stuck in the 1960's.
You keep sying that Obama is driving up prices and not offering any proof.Just your opinn.
And opinions are like buttholes.everyone ha one and everyone thinks everyone elses stinks.
Seems to me that it would defy all market logic. In addition, you are looking at at least $2000 to convert a vehicle to CNG, and at least $4000 for the apparatus to compress street gas into a fuel cylinder. Six, to ten grand later, plus KeySpan at your house and you are good as gold. Imagine what labor for a municipal mechanic, and the equipment would cost to convert a fleet. ...more Long term, it might be a win as far as cost, but it's still not carbon neutral. And, the oceans are becoming more acidic as each year passes...
Here's a little science for you. Algae lipid yield blows away any other biomass fuel alternative. This includes jatropha nuts. With new inline ultrasound mixing processes, which create 3000K temperatures to react the algal lipids with alcohol, and lye to create CARBON NEUTRAL diesel fuel, the process is superior to any other fuel producing technology.
You know what else I've been meaning to ask you? How do you feel about all the methyl mercury, and ...more other carcinogenic compounds Reagan's deregulation of smokestack industries unleashed on the world? Also, I'll assume you are fully ignorant of the G7 decisions which stopped the fall of the dollar in the mid-eighties, while we had 7% unemployment, that saved Reagan's presidency. Sorry to disappoint, but facts are facts, and he was a crappy president. Plus, he's dead.
Until we mass produce the alternative we have to use what we have, right?
Soooo... why not go get us some oil from the good old USA and develop the alternative as well? We can do both, yes?
I would go on, but you won't listen anyway. Let me conclude by saying the only people who believe they are NOT better off are those on the extreme right who cannot stand to see a black man in office.
His own little war on women.
Why can't we develop alt fuels sources AND exploit our resources at the same time? The Obama admin has done a horrendous job by throwing money at failed ventures and blocking efforts to exploit our own resources. I don't care what side of the aisle you get all excited about, that's just a bad job. If you support the Obama admin you should expect ...more better from him/them.
Now you're flip-flopping and blaming Obama.Or shouild I say shaking the etch-a-sketch?
How ...more convenient.
If anyone wants to see a chart of gas prices since 2000,there's a chart at
sounding the horne -weekly gas pricesince 2000..
If you check the chart I referenced,you'll see that gas was higher during the Bush administration.
Yes,many things affect oil prices-like beatng the war drums over events in the middle East.Threatenig Ira and Syria excites speculators who bid up oil,cost all of us more.
As for our own oil,we have less than 2% of the worlds resrves while ...more we use 20% of its resources-we need to ween ourselves off their teet (most of our oil comes from Canada anyway) and develop other forms of power.Natural gas is plentiful,but fracking is dangerous and introduces pollutants into the ecosystem.Not o mention that it's suspected of causing minor earthquakes in areas where fracking has been done.
All we have from you is the standard Rush Limbaugh talking points;hardly a rliable source unless your too stupid to actually do your own research.
"ServicesPrint
Email Fox Now Asking: Is The Drop In Gas Prices A Bad Thing?
May 09, 2012 1:03 pm ET by Shauna Theel
Earlier this year, Fox News hyped the rise in gasoline prices, blaming President Obama even though experts agree that worldwide market factors, not U.S. policies, set gas prices. So what is Fox saying now that gas prices are falling?
Seriously.
You know who else sees the drop in gas prices as ...more a bad thing? Republican strategists who were hoping to reap the political benefits of high gas prices at the polls this year.
Stuart Varney, the Fox Business host pictured at the top, tried to explain the claim that the recent gas price drop might be "BAD," saying it may be "just a sign of a weakening economy." The Wall Street Journal reported that one of the reasons for the drop in gas prices was the "softening economies in the U.S. and Europe," along with easing tensions in Iran and changes in the oil market.
Note that Fox is now raising how worldwide economic factors are affecting gas prices, after spending weeks blaming Obama for the price increase since the president's inauguration. Fox won't explain that the extremely low price in January 2009 was a short-lived drop caused by the massive economic recession. In fact, last week on Fox News, Varney explicitly said with a straight face that the price increase since the bottom of the recession had "everything to do with" Obama, but the recent drop in gas prices "has nothing to do with" him:
SEAN HANNITY: Let's look at gas price when he took office. I mean, let's go down the list here. Gas prices, average nationally, 1.84 a gallon. Well, now, the average price is $3.80 a gallon. Is that something to tout as success?
STUART VARNEY: No, obviously not. And he has had nothing to do with bringing the gas price down the last few days. He's had everything to do with pushing the gas price up over the last three years.
Curiously, Varney said the opposite during the 2011 price spike, acknowledging that "higher gas prices are the result of the expanding global economy and turmoil in the Middle East," not Obama's drilling policies. This isn't the only issue on which Varney -- who has admitted that he is "very partisan" -- reversed himself recently. It's almost as if there's something different about 2012 that would make Fox's purported economic analyst revise his commentary..."
Captain Debbie Downer.
Money, money, money. MONEY!
The factor between what the middle class earns, versus the "elite" has increased by a factor of 10x in the last four decades. The dollar has lost 95% of it's buying power since 1912. That means what cost $1 then, requires $20 today. And that's just a mean average. It's ALOT higher in this ...more Galapagos. We the middle class are slowly being stripped of our wealth, and GDP is down to prove it. No jobs, less value for our dollar, and a wider gap in socioeconomic disparity = FAIL.
Does it make sense to place all the blame for high gas prices ...more on any one president? No — but neither does it make sense to excuse him, as though he has nothing to do with them. He should be held accountable for the policies he has put in place that do contribute to price. Nowhere are Obama’s crony capitalistic tendencies more in evidence than in his energy policy. He rewards his preferred providers and failures such as Solyndra and punishes his least favorite like coal and oil companies. Caught in the middle of that is the consumer and in most cases the middle class and the poor who feel the pinch of restrictive energy policies the most.
Obama's energy policy is to develop other resources so we can wen ourselves off our dependence ...more for imported oil.What Solyndra di was done by dishonest corporate executives when they were subsidised by the government;as usual,you place all the blame on the president and forgive the corruption of the corporation.
Coal and oil are old technology;there is no such thing as clean coal,it will still emit mercury and other pollutants into the atmosphere. To use it in a limited context is fine,but to make it a major source for the entire country would affect air quality and increase co2 in the atmoshere.The idea is to get off of fossil fuels,notincrease theiruse.
Since domestic oil production is up,why haven't prices come down? The oil companies are making record profits and the public is crying about gas prices.
It isn't Obama's fault that oil companies are taking advantage of the siuation.
Oil companies are worried because conservation measures have decreased demand-fuel efficient cars,the public using less ...more of their product,etc.What you're blaming Obama for is conservation.
It's more like economic behavioral narcissism...
The teabaggers have blowed all along.