View Full Version : How much did you pay for gas today where you live?
crawfish
03-10-2008, 12:59 AM
I paid $3.09 today for Regular Unleaded! :brick: Ouch! :angry::angry:
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U.S. average retail gasoline prices have reached a new high of almost $3.20 per gallon and will likely jump another 20 to 30 cents in the next month, worsening the pain of consumers struggling to make ends meet in an economic downturn. Gasoline prices are rising sharply as refiners, who have kept prices down in order to compete for sales, become more willing to pass on their higher costs of crude oil, according to an industry analyst on Sunday.
The national average for self-serve regular unleaded gas was nearly $3.20 a gallon on March 7, up about 9.44 cents per gallon in the past two weeks, according to the nationwide Lundberg survey of about 7,000 gas stations. The price has risen 64 cents per gallon in the past 12 months.
Lucky bastard. I payed $3.19 today.
gatoraus
03-10-2008, 01:11 AM
You in Florida, D3? I payed 3.28 the other day for regular.
BamaDude06
03-10-2008, 01:13 AM
$3.15 for reg.
Tider27
03-10-2008, 03:58 AM
$3.09 in Linden, the same here in T-town. At least today.
BamaFreak
03-10-2008, 05:07 AM
$3.21 in Pensacola
MBGamecock
03-10-2008, 05:43 AM
$3.07 in the big city of Aynor, SC over the weekend when I filled up. I saw $3.09 in Myrtle Beach this morning on the way to work.
JerryBeeds
03-10-2008, 07:30 AM
$3.02 yesterday afternoon.
gatorunvrsty
03-10-2008, 07:32 AM
Enough to make me start eye-balling mountain bikes.:dry:
You in Florida, D3? I payed 3.28 the other day for regular.
Nope but I'm starting to think I am. Its been pretty expensive around here lately.
AUTiger94
03-10-2008, 09:06 AM
$3.14 here in the vanilla suberbs!:brick:
azamugg
03-10-2008, 09:08 AM
3.19 here for regular unleaded in the Ham......(B'ham)
nellanaesp
03-10-2008, 09:09 AM
I get .10 cents off at kroger, so like 2.95 a gallon or so.
SeattleGamecocks
03-10-2008, 10:22 AM
$3.45 in Seattle. Makes me glad to ride a bike. I spent almost $50 filling up my truck last week.
the Paradox
03-10-2008, 10:31 AM
3.02 here, can be 3.15, in other parts of town.
RTR
FightinTiger71
03-10-2008, 10:35 AM
It's $2.97/gallon in a few places in Bastrop, Louisiana. The average around here ranges from $3.03 to $3.19 a gallon.
I think we need to jack up the price of the food we are exporting to the Middle East. If they don't like it, let them drink oil.....
sheluvsbama
03-10-2008, 10:38 AM
Every day it seems to change, and every day it seems to get worse.:angry:
GatorHunter
03-10-2008, 10:59 AM
I paid $75.00 to fill my truck up yesterday...not sure how much the gas was...I try not to look at the price per gallon because I get pissed off and start cussing Bush.
My wife's car is a turbo so, we have to put "Premium" in it...I think it's up to $40.00 a gallon...:rolleyes:
Can anyone explain this to me? I'm not a very politically savvy guy...my conspiracy theory is that Bush is an oil man...therefore, it's only logical that as the President, he would turn his head when OPEC starts screwing us.....I've also heard that we haven't built a refinery in 30 years...and that's the reason. However, if it's because of a refinery issue...why wasn't gas $3.00 a gallon 10 years ago? Why is it now? And...will it ever go down? Couldn't Bush have a meeting with the OPEC guys...tell them he's about to dump huge sums of money into alternative fuel sources and get them to pump more oil.
I've heard of the huge profits all of the fuel companies are making...sounds like the price has more to do with a monopoly than the price of a barrel of oil.
I honestly don't see how a student or a minimum wage worker can afford to mow their grass much less drive. People wonder why there's so many folks in prison...hell, you gotta sell crack to be able to afford gas!!!
Wynnco.com
03-10-2008, 03:29 PM
I paid $75.00 to fill my truck up yesterday...not sure how much the gas was...I try not to look at the price per gallon because I get pissed off and start cussing Bush.
My wife's car is a turbo so, we have to put "Premium" in it...I think it's up to $40.00 a gallon...:rolleyes:
Can anyone explain this to me? I'm not a very politically savvy guy...my conspiracy theory is that Bush is an oil man...therefore, it's only logical that as the President, he would turn his head when OPEC starts screwing us.....I've also heard that we haven't built a refinery in 30 years...and that's the reason. However, if it's because of a refinery issue...why wasn't gas $3.00 a gallon 10 years ago? Why is it now? And...will it ever go down? Couldn't Bush have a meeting with the OPEC guys...tell them he's about to dump huge sums of money into alternative fuel sources and get them to pump more oil.
I've heard of the huge profits all of the fuel companies are making...sounds like the price has more to do with a monopoly than the price of a barrel of oil.
I honestly don't see how a student or a minimum wage worker can afford to mow their grass much less drive. People wonder why there's so many folks in prison...hell, you gotta sell crack to be able to afford gas!!!
Actually it doesn't have anything to with Bush or anyone pumping oil. It is a commodity just like corn, wheat, sugar or anything else. People are bidding on futures and driving the price up. They are betting it will cost more in the future. It's supply and demand. There are some extinuating circumstances. One thing is that we're too stupid to drill our own oil. We don't have the will to do what we need to do. Nobody running for president has the guts to address that problem so that kind of makes it all of our faults. China & India are using way more oil than they used to so we're back to supply and demand again. Another added part of it is the dollar is very low. In my opinion we have allowed that to stay that way because it helps us to export way more product because our goods are cheaper. Let's don't forget also that the tax on gas is now way more than I used to pay for gas when I was a teenager.
BamaDude06
03-10-2008, 03:37 PM
Exactly, it is a supply and demand thing. Demand today is at an all time high, and like you said its been over 30 years since a new refinery. The ones we have now are old, break down often, and cannot produce enough to meet the demand. So in order to meet the demand the price raises to a spot where the supply in fact reaches the demand. If you want cheaper gas then get environmentalists to allow the US to A.) Build more refineries and B.) Allow drilling in Alaska to reduce our dependency on foreign oil, all while looking at alternative fuel sources.
Sabanocchio
03-10-2008, 03:41 PM
I paid $75.00 to fill my truck up yesterday...not sure how much the gas was...I try not to look at the price per gallon because I get pissed off and start cussing Bush.
My wife's car is a turbo so, we have to put "Premium" in it...I think it's up to $40.00 a gallon...:rolleyes:
Can anyone explain this to me? I'm not a very politically savvy guy...my conspiracy theory is that Bush is an oil man...therefore, it's only logical that as the President, he would turn his head when OPEC starts screwing us.....I've also heard that we haven't built a refinery in 30 years...and that's the reason. However, if it's because of a refinery issue...why wasn't gas $3.00 a gallon 10 years ago? Why is it now? And...will it ever go down? Couldn't Bush have a meeting with the OPEC guys...tell them he's about to dump huge sums of money into alternative fuel sources and get them to pump more oil.
I've heard of the huge profits all of the fuel companies are making...sounds like the price has more to do with a monopoly than the price of a barrel of oil.
I honestly don't see how a student or a minimum wage worker can afford to mow their grass much less drive. People wonder why there's so many folks in prison...hell, you gotta sell crack to be able to afford gas!!!
For not being politically savvy, you seem to have hit the proverbial "nail on the head". :laugh:
crawfish
03-10-2008, 04:37 PM
If you want cheaper gas then get environmentalists to allow the US to A.) Build more refineries and B.) Allow drilling in Alaska to reduce our dependency on foreign oil, all while looking at alternative fuel sources.
BINGO!!!!!!!!!YES! YES! YES! HOW TOUGH IS THAT TO SEE! The Middle Eastern dudes are just sitting back (in their mega multi-million dollar manions) laughing at the US and their PC agendas. Knowing that if we were smart enough to do the above, it would put them out of business. Wow!
GatorNation
03-10-2008, 04:41 PM
3.55...and over 10% tax in IL.
GeauxTo
03-10-2008, 06:22 PM
$3.05 today in Baton Rouge.
:sad:
crimsonnation713
03-10-2008, 06:27 PM
$3.19 here at the cheapest and $3.43 at the bigger names. I read an article in Golf Digest where several PGA players went over ti Iraq to visit with the soldiers and it said in the article that gas over there was $.75 cents a gallon.How surprising.:glare:
shk999
03-10-2008, 06:59 PM
My sister works for an oil company, we were actually talking about this earlier today. She says to get ready, they are projecting 3.40 a gallon by summer.
azamugg
03-10-2008, 08:05 PM
I paid $75.00 to fill my truck up yesterday...not sure how much the gas was...I try not to look at the price per gallon because I get pissed off and start cussing Bush.
My wife's car is a turbo so, we have to put "Premium" in it...I think it's up to $40.00 a gallon...:rolleyes:
Can anyone explain this to me? I'm not a very politically savvy guy...my conspiracy theory is that Bush is an oil man...therefore, it's only logical that as the President, he would turn his head when OPEC starts screwing us.....I've also heard that we haven't built a refinery in 30 years...and that's the reason. However, if it's because of a refinery issue...why wasn't gas $3.00 a gallon 10 years ago? Why is it now? And...will it ever go down? Couldn't Bush have a meeting with the OPEC guys...tell them he's about to dump huge sums of money into alternative fuel sources and get them to pump more oil.
I've heard of the huge profits all of the fuel companies are making...sounds like the price has more to do with a monopoly than the price of a barrel of oil.
I honestly don't see how a student or a minimum wage worker can afford to mow their grass much less drive. People wonder why there's so many folks in prison...hell, you gotta sell crack to be able to afford gas!!!
For not being politically savvy, you seem to have hit the proverbial "nail on the head". :laugh:
Sabo.........you read Wynnco and Bamadude's posts and ended up calling this one "politically savvy"?????????????????
plus do a little research and find just how much of that 3bucks you're paying is taxes at all levels, city, county, state, federal
Europe has been paying twice what we pay for gas since the beginning but their leaders arent basically called murderers and thieves and belonging to "Big Oil Money"
bulldawg
03-10-2008, 08:33 PM
I'm missing an arm and a leg but my truck has a tank of gas.
3.09 to 3.15 here in Owensboro, Ky., of course at Kroger you get 10 cents off.
bigsexxxy
03-10-2008, 11:35 PM
Sabo.........you read Wynnco and Bamadude's posts and ended up calling this one "politically savvy"?????????????????
plus do a little research and find just how much of that 3bucks you're paying is taxes at all levels, city, county, state, federal
Europe has been paying twice what we pay for gas since the beginning but their leaders arent basically called murderers and thieves and belonging to "Big Oil Money"
Please inform us how much we pay in local, state, and federal taxes on gas instead of repeating that old tired saying.
If you're really sitting there and saying W. and Cheney aren't cozied up to Big Oil, you need to check this out: Arbusto Energy - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Arbusto_Energy)
GatorHunter
03-10-2008, 11:36 PM
Actually it doesn't have anything to with Bush or anyone pumping oil. It is a commodity just like corn, wheat, sugar or anything else. People are bidding on futures and driving the price up. They are betting it will cost more in the future. It's supply and demand. There are some extinuating circumstances. One thing is that we're too stupid to drill our own oil. We don't have the will to do what we need to do. Nobody running for president has the guts to address that problem so that kind of makes it all of our faults. China & India are using way more oil than they used to so we're back to supply and demand again. Another added part of it is the dollar is very low. In my opinion we have allowed that to stay that way because it helps us to export way more product because our goods are cheaper. Let's don't forget also that the tax on gas is now way more than I used to pay for gas when I was a teenager.
Let me just say...I'm not placing "complete" blame on Bush. But if Hillary Clinton was elected President...and Bill was a prime share-holder for "Shout" stain-remover...I would have to raise eyebrows when the price went to $20.00 a bottle.:)
Here's my point Wynnco...if all you say is true...if it's a supply and demand issue...then why did this happen so quickly? Gas...for the past 20 years prior has remained (in the US) around $1.30 a gallon (more or less)...now...in 8 years...it's tripled!?! Did China and India just get a huge influx of automobiles over the past 7-8 years? Your explanation certainly sounds plausible...but IMO...it happened too quickly for me to consider is a simple "supply and demand" issue.
lacene
03-10-2008, 11:41 PM
$3.07 in the big city of Aynor, SC over the weekend when I filled up. I saw $3.09 in Myrtle Beach this morning on the way to work.
Yep, between $3.05 and $3.10 for me, as well. I try to stay out of MB if I'm close to needing gas.......Murrells, too, and pretty much the Waccamaw Neck. Gas was $3.12 at the Kangaroo station in MI today......
azamugg
03-11-2008, 12:02 AM
Please inform us how much we pay in local, state, and federal taxes on gas instead of repeating that old tired saying.
If you're really sitting there and saying W. and Cheney aren't cozied up to Big Oil, you need to check this out: Arbusto Energy - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Arbusto_Energy)
people w/money and especially people from texas understand that energy/oil is a worthy investment, I myself have made my fair share of money investing in energy stocks...........am I, or really Bush and Cheney, complicit in some sophisticated hokie conspiracy to invade Iraq and waste lives, spend billions of U.S. tax dollars, disparage any hope of a legacy, simply to increase their already bulging wealth???
on average (meaning avging state taxes) total taxes in the price of a gallon of gas is $.42, the average margin of profit during the last 3 yrs that people claim Exxon and the like has been unethically gouging America, is less than $.10.......so point your finger at the government..............that federal tax was supposed to go into a "U.S. Highway" fund which was determined two years ago to be broke
trust me when I say that if Bush and Cheney wanted to profit from their political office they couldve monopolized the food and drink that soldiers eat/drink and invested in those companies
Let me just say...I'm not placing "complete" blame on Bush. But if Hillary Clinton was elected President...and Bill was a prime share-holder for "Shout" stain-remover...I would have to raise eyebrows when the price went to $20.00 a bottle.:)
Here's my point Wynnco...if all you say is true...if it's a supply and demand issue...then why did this happen so quickly? Gas...for the past 20 years prior has remained (in the US) around $1.30 a gallon (more or less)...now...in 8 years...it's tripled!?! Did China and India just get a huge influx of automobiles over the past 7-8 years? Your explanation certainly sounds plausible...but IMO...it happened too quickly for me to consider is a simple "supply and demand" issue.
so you think his post on oil/gas being a commodity was merely a supposition for gods sake, no its basic economics, freshman level in college and as far as the value of the dollar relative to time, gas is the same price now as it was in 1965
and then you ask have India and China just gotten a huge influx of auto's? Yes but thats not the only place Oil goes............are you really unaware of India and China's exploding economies which means more demand for energy? and as far as things happening quickly what has happened to our stock market, real estate market and mortgage industries in just 3 months? Commodities and major markets are a very volatile part of Universal economies
Kylehunter85
03-11-2008, 01:18 AM
$3.10 down on the plains
MBGamecock
03-11-2008, 06:03 AM
Yep, between $3.05 and $3.10 for me, as well. I try to stay out of MB if I'm close to needing gas.......Murrells, too, and pretty much the Waccamaw Neck. Gas was $3.12 at the Kangaroo station in MI today......
$3.15 at Carolina Forest this morning. You live down that way, Lacene? (MI)
Wynnco.com
03-11-2008, 10:23 AM
Let me just say...I'm not placing "complete" blame on Bush. But if Hillary Clinton was elected President...and Bill was a prime share-holder for "Shout" stain-remover...I would have to raise eyebrows when the price went to $20.00 a bottle.:)
Here's my point Wynnco...if all you say is true...if it's a supply and demand issue...then why did this happen so quickly? Gas...for the past 20 years prior has remained (in the US) around $1.30 a gallon (more or less)...now...in 8 years...it's tripled!?! Did China and India just get a huge influx of automobiles over the past 7-8 years? Your explanation certainly sounds plausible...but IMO...it happened too quickly for me to consider is a simple "supply and demand" issue.
It's a combination. China and India are basically in industrial revolutions at present. We also use a ton more than we used to. Notice that everything is made of plastic? It's oil oil oil. Almost everything you touch today has some component of oil in it including all the food you eat. We are so far behind in making gasoline it's just stupid. Did you know 13% of our gasoline is imported? Not oil but gasoline. We need to get a grip, drill our own oil, build some nuclear plants and quit taxing everyone to death. It's different in every state but you are probably paying at least 40 cents a gallon in tax. Alternative energy also has a future but if you really look at it it's nowhere near where commercials (imagine that) would lead you to believe. Another just insane thing we are doing is ethanol. We made fuel out of food. That's so brilliant it defies comment. Now the price of corn is so high farmers are buying wheat to feed their animals. Got any idea what that is going to do to the price of wheat and everything made out of wheat & corn? Not trying to be preachy but we need to wake up and stop all this Emperors New Clothes silliness.
the Paradox
03-11-2008, 12:34 PM
Oil just hot $1.09 a barrel. Gas prices should be going up as I type.
RTR
azamugg
03-11-2008, 12:36 PM
Oil just hot $1.09 a barrel. Gas prices should be going up as I type.
RTR
Bush and Cheney are turning the screws on us........EVIL!!!!!!!!!!!!!!
bigsexxxy
03-11-2008, 12:55 PM
It's a combination. China and India are basically in industrial revolutions at present. We also use a ton more than we used to. Notice that everything is made of plastic? It's oil oil oil. Almost everything you touch today has some component of oil in it including all the food you eat. We are so far behind in making gasoline it's just stupid. Did you know 13% of our gasoline is imported? Not oil but gasoline. We need to get a grip, drill our own oil, build some nuclear plants and quit taxing everyone to death. It's different in every state but you are probably paying at least 40 cents a gallon in tax. Alternative energy also has a future but if you really look at it it's nowhere near where commercials (imagine that) would lead you to believe. Another just insane thing we are doing is ethanol. We made fuel out of food. That's so brilliant it defies comment. Now the price of corn is so high farmers are buying wheat to feed their animals. Got any idea what that is going to do to the price of wheat and everything made out of wheat & corn? Not trying to be preachy but we need to wake up and stop all this Emperors New Clothes silliness.
Corn-based ethanol is stupid. You can lay that one at the feet of politicians who try to outdo one another in the Iowa caucuses by promising more and more subsidies to farmers.
That and the fact that sugar cane based ethanol is much, much more efficient. Isn't it like 8x more efficient?
GatorNation
03-11-2008, 03:09 PM
My sister works for an oil company, we were actually talking about this earlier today. She says to get ready, they are projecting 3.40 a gallon by summer.
So, at over 3.50 now, IL's average should be over 4 bucks by then....
:brick:
NCbamafan
03-11-2008, 03:47 PM
3.26 in hickory,nc
Life is always perfect in Azamugg world, I'm always impressed by that......
azamugg
03-11-2008, 05:45 PM
Life is always perfect in Azamugg world, I'm always impressed by that......
aint no wool on my back..........knowledge is power
would you rather know the truth about gasoline or just whistle through the gaps in your teeth while trying to say "that gawldarn Bush is takin'er to us cuz heez inter awwl"
sheluvsbama
03-11-2008, 05:49 PM
And so, unfortunately, is money....:sad:
azamugg
03-11-2008, 05:52 PM
And so, unfortunately, is money....:sad:
you act like power is a bad thing..........now power used for corruption, different story and trust me I'd rather follow someone w/money than someone begging for it
aint no wool on my back..........knowledge is power
would you rather know the truth about gasoline or just whistle through the gaps in your teeth while trying to say "that gawldarn Bush is takin'er to us cuz heez inter awwl"
Those "gapped teeth", "redneck dialect" speaking people you tried to characterize are the very ones who supported Bush the whole way and still continue to blindly support him and republican politicians. If you are going to try to insult and stereotype a group of people who dislike Bush, I would suggest using ebonics versus redneck talk, just as offensive, yet more accurate....
GatorHunter
03-11-2008, 11:24 PM
so you think his post on oil/gas being a commodity was merely a supposition for gods sake, no its basic economics, freshman level in college and as far as the value of the dollar relative to time, gas is the same price now as it was in 1965
and then you ask have India and China just gotten a huge influx of auto's? Yes but thats not the only place Oil goes............are you really unaware of India and China's exploding economies which means more demand for energy? and as far as things happening quickly what has happened to our stock market, real estate market and mortgage industries in just 3 months? Commodities and major markets are a very volatile part of Universal economies
You act as though I'm making proclamations...I'm merely making "suggestions". And yes...when it comes to global economics...I'm definitely a "lay-person". However, I can look at gas prices in 2001 and compare them to gas prices in 2008 and tell you that they've tripled. If this is because China and India have decided to have an industrial revolution, so be it. Also, I'm not blaming Bush and/or Cheney...just "voicing" a suggestion.
I know this...folks in Jackson County Florida....where the mean household income is around $28,000...can't afford $4.00/gallon gas. I actually saw a guy at a gas station last night buy $8.00 worth of gas...it was sad. Car full of kids...and this guy is counting out change for a little over 2 gallons of gas. Economists think the US economy is being affected by the real estate market's downward spiral...soon, people won't be able to afford to go to work.
bulldawg
03-11-2008, 11:32 PM
My biggest problem with oil prices is the difference between how they were handled by Bush than Clinton.
Clinton- gas got close to $2 a gallon, opened up national reserve and flooded the market. Clintons money didn't come from oil
Bush- Does nothing to lower oil prices, the Bush and Cheny family are oil men. They are making money hand over fist at the nations expense.
The real estate boom hurt the economy the most. Now people are in houses that have a $300,000 mortgage and are worth $150,000 with variable rate loans coming due. And everything is effected by the fuel prices.
PuddingTime
03-11-2008, 11:43 PM
What really kills me is how Clinton almost got impeached for getting head in the Oval Office, which I would do w/out hesitation, but Bush, for all the jackassery he has perpetuated, hasn't even sniffed the threat of impeachment. What a joke this country has become.
crawfish
03-11-2008, 11:56 PM
http://www.grinningplanet.com/9004/gas-prices-claybennett_ucs-copyright1.jpg
http://www.txroadrunners.com/images/pics/funny5/HighGasPrices11.jpg
http://www.txroadrunners.com/images/pics/funny5/HighGasPrices3.jpg
http://www.txroadrunners.com/images/pics/funny5/HighGasPrices10.jpg
http://www.txroadrunners.com/images/pics/funny5/HighGasPrices7.jpg
azamugg
03-12-2008, 05:04 PM
My biggest problem with oil prices is the difference between how they were handled by Bush than Clinton.
Clinton- gas got close to $2 a gallon, opened up national reserve and flooded the market. Clintons money didn't come from oil
Bush- Does nothing to lower oil prices, the Bush and Cheny family are oil men. They are making money hand over fist at the nations expense.
The real estate boom hurt the economy the most. Now people are in houses that have a $300,000 mortgage and are worth $150,000 with variable rate loans coming due. And everything is effected by the fuel prices.
so tell us, Im interested now..........how much money have Bush and Cheney made off of oil ?
bigsexxxy
03-12-2008, 05:09 PM
so tell us, Im interested now..........how much money have Bush and Cheney made off of oil or are you just repeating something
We'll see if we can't get a receipt for you aza since you're going to deny, deny, deny all the way to 4 bucks a gallon.
lacene
03-12-2008, 05:26 PM
$3.19 is the highest I saw today.....
PuddingTime
03-12-2008, 06:35 PM
$3.25 here in Lexington. Above the national average for the first time......freaking horrible.
I paid 3.02 today at Kroger..........I usually use premium....(91 oct. min. required) but I just said piss on it.......I'm not paying 3.22/gal today for premium..lol.
PuddingTime
03-12-2008, 06:45 PM
Man....if it were cost effective to drive to Owensboro from here...lol
GatorBait15
03-12-2008, 06:46 PM
My biggest problem with oil prices is the difference between how they were handled by Bush than Clinton.
Clinton- gas got close to $2 a gallon, opened up national reserve and flooded the market. Clintons money didn't come from oil
Bush- Does nothing to lower oil prices, the Bush and Cheny family are oil men. They are making money hand over fist at the nations expense.
The real estate boom hurt the economy the most. Now people are in houses that have a $300,000 mortgage and are worth $150,000 with variable rate loans coming due. And everything is effected by the fuel prices.
sab is a tard look at your sig it says dog not dawg lol :laugh:
GatorHunter
03-12-2008, 09:25 PM
so tell us, Im interested now..........how much money have Bush and Cheney made off of oil ?
As far as my statements concerning "Bush and Cheney"...my "conspiracy theory" isn't that they had anything to do with the price of oil going sky-high...however, unlike the previous President (which I hated)...Bush hasn't addressed it. Why not? Clinton opened up the US reserves and flooded the US market when gas approached $2.00 a gallon...Bush refuses to do it. Now...gas is nearing $4 a gallon...a barrel of oil is near $110...and Bush's family has a vested interest in the oil business. 2+2=4.
BTW...I'm no Bush hater...I voted for him...however, I'm not a mindless "sheep" that believes everything the "talking heads" tell me. He could "do something"...he just chooses not to...and I ask why not?
GatorHunter
03-12-2008, 09:34 PM
The real estate boom hurt the economy the most. Now people are in houses that have a $300,000 mortgage and are worth $150,000 with variable rate loans coming due. And everything is effected by the fuel prices.
What killed the real estate market is speculators. They bought up all the land...built spec houses or just broke the land up into pieces and sold it. The first speculators made millions. The late-comers tried to get in on the action and many are now bankrupt. Mortgage companies are to blame as well...they loaned families with modest incomes huge amounts of money for homes...using balloon mortgages and any other tactic to keep the payments low temporarily. When the rates went up...these folk's monthly tab went from $900 a month to $2000 a month...they couldn't afford it and defaulted. Now..the banks are stuck with homes that are worth $200,000...however they loaned $300,000 on 'em...and many of these "borrowers" had second mortgages on the homes as well as lines of credit against the homes...now, banks can't sell the homes because there's likely at least 1 other bank with a lien on the property. Bad thing is...experts are saying that this fall-out isn't even half over yet.
bulldawg
03-12-2008, 11:09 PM
so tell us, Im interested now..........how much money have Bush and Cheney made off of oil ?
Not sure about Cheney but Jr. came in with a net worth of 27 million. He will leave the White House a billionaire. He also sold off 60% of his oil stocks the week before the Gulf war knowing the stock was about to take a dive. maybe a little insider trading with SR?
Heres some other little tid-bits about Jr.
George W. Bush, Jr. - The Dark Side (http://www.realchange.org/bushjr.htm#harken)
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