Under Obama Gas Is Falling To $1 Per Gallon!!!

[EctoCanuck]

$1.50 Gas Prices Are Here�and $1 Per Gallon Could Be Next

Nation's cheapest gas is just $1.39 per gallon.

Prices are likely to get cheaper still, as earlier forecasts have called for fuel costs to keep dropping at least through the end of the year. Last week, a 24/7 Wall St. story noted that a range of factors, including increased oil refinery output, low gas taxes, and cheap oil prices due to a global surplus, �could drive the price toward $1 in some states.�

http://time.com/money/4129604/gas-pr...-gallon-cheap/

Oversupply and a strengthening U.S. dollar will hold down global oil prices and keep costs low here. OPEC is meeting next week but isn't expected to make major adjustments to the production.

All those factors should keep gas prices low for a while. And, as a report in 24/7 Wall Street recently pointed out, if the price of a barrel of oil drops to $20 as some have projected, the states with the cheapest gas could see prices as low as $1 per gallon.

http://www.al.com/news/index.ssf/201...g_gas_bel.html


Come election 2016 gas will be hovering around $1 a gallon.This will be one of the nails in the Republican coffin.

[Trequartista]

lol come on bro, we really trying to give credit to the president for oil prices

[Austanian]

First as always Obama has very little control of gas prices.

Next. I doubt you can get the crude out of the ground, refine it, transport it, and sell it for 50 Cents. The taxes per gallon nationally are almost 49 cents.

[EdgarAllanBro]

If you remember, which you don't because of your tiny liberal brain, when bush left office, prices were around $1.20

[nutsy54]

Yet another thread where Ecto praises the US President for something the US President doesn't control.... While refusing to explain why he believes otherwise, and why he insists on continuing to post about US politics when he has so little knowledge of the topic.

[IrishIron901]

EctoCuck at it again.

[nutsy54]

Strange that Ecto wasn't blaming Obama for the previous four years of high gas prices, but now he's conveniently in control and gets all the credit when, as the cited article points out, non-Presidential issues such as global oil production and state gas taxes are at play.

Isn't it sad the only way to prop up Obama's "accomplishments" is to give him credit for things he has no control over?


http://www.gasbuddy.com/Charts

[RoboBob]

So then I suppose we can blame him for the 5 years it was almost $4/gallon?

[Fahnestock]

Strange that Obama would unilaterally decide to bottom out gas prices after decreeing that high gas prices were good for the country. Essentially what you're saying is Obama is doing everything in his power to increase emissions and stifle green energy, and is therefore one of if not the biggest enemies of the environment and instigators of climate change.

[Motiviert]

So the high gas prices were Bush's fault but the low prices are directly because of Obama?

[NVious]

Criminal, should be in jail for treason:

[Slaterz]

Tfw premium gas. Paid 2.41/gal today though cheapest in a long time

[nutsy54]

Still waiting for Ecto to explain....

[x-trainer ben]

Ecto no need to explain a thing, those of us that have been around a while realize that a CEO( the president) gets the blame as well as the credit when fuel prices rise and fall.

It is all under the umbrella category of "it happened under my watch."

[nutsy54]

Ecto no need to explain a thing, those of us that have been around a while realize that a CEO( the president) gets the blame as well as the credit when fuel prices rise and fall.

That excuse works... If you can find any posts from Ecto during the past six years of increasing and high gas prices where he blamed President Obama...

[x-trainer ben]

That excuse works... If you can find any posts from Ecto during the past six years of increasing and high gas prices where he blamed President Obama...

Not a **post history** kind of guy, i have an actual life, family, friends and i workout. That is why my reps and posts are so low for a guy that joined in 05

[cakesandcream]

I generally like Obama but he has little control over oil.

[badreligion]

I'm sure this was done on purpose so Obama could go out on a high note .

[Always130lb]

You can ****ing bet the US government is responsible for oil prices. Almost every war they've been in has been because of oil.

[EctoCanuck]

If you remember, which you don't because of your tiny liberal brain, when bush left office, prices were around $1.20

Strange that Ecto wasn't blaming Obama for the previous four years of high gas prices, but now he's conveniently in control and gets all the credit when, as the cited article points out, non-Presidential issues such as global oil production and state gas taxes are at play.

Isn't it sad the only way to prop up Obama's "accomplishments" is to give him credit for things he has no control over?


http://www.gasbuddy.com/Charts

So then I suppose we can blame him for the 5 years it was almost $4/gallon?

Gas was cheap when Obama took office because the entire world was in the grip of The Great Bush Recession.Once Obama took over and started repairing the damage of 8 years of Republican ruin industries around the world started rolling again resulting in an increase demand for oil.

So the high gas prices were Bush's fault but the low prices are directly because of Obama?

Yep.

I'm sure this was done on purpose so Obama could go out on a high note .

Yep again.Obama is setting Hillary up for an easy slam dunk.

[nutsy54]

So, Obama now controls "industries around the world"...even though that wasn't cited anywhere in your quoted articles?

Derp...
Cheap gas (R) is a failure
Cheap gas (D) is an awesome success
Expensive gas (D) is, um, never mind, we won't mention that

Why does it take so many ricidulous lies to prop up this administration?

[kbrown225]

It't not Obama thats responsible for that, Obama is a muslim that wants to divide our country and burn it to the ground. Am I doing it right? Yet when gas goes up mfers are quick to point to Obama. lol

[trailwarrior]

Rush Limbaugh
October 05, 2012
"So if gasoline gets up to ten bucks a gallon, eight bucks a gallon and that's more in line with what alternative energy is, then alternative energy becomes more acceptable...I'm just telling you the bottom line: Rising gas prices, that's the plan. Economic suffering is the plan. Old Chester's got too many cars: Two. He doesn't deserve them. He's not entitled to that many cars. It doesn't matter if he works hard and got the money to pay for them himself. It's not fair. He shouldn't have that many cars. Nobody needs that many cars."

Rush Limbaugh
January 20, 2015
"One of the leading, or primary, reasons why the price of oil is down, and gasoline, is demand. Demand is down. And the demand is down because the U.S. economy's in the tank...you won't find very many experts acknowledge this because it contradicts the idea that the economy is roaring back."

[Tha big kahoona]

Isn't it sad the only way to prop up Obama's "accomplishments" is to give him credit for things he has no control over?

The price of oil has been driven down by a massive market oversupply. The reason we have so much supply circulating is because OPEC, in a bid to fight off US shale production, has been pumping out a ridiculous amount a BPD. Shale is more expensive to produce, and at the moment, Shale is being pumped and distributed at a loss.

The reason shale producers have been able to keep going is because the cost of borrowing money is low.The cost of borrowing money is set by the fed. The fed chairman is nominated by the president and selected by the fed board members, who are also selected by the president.

The president has a very real albeit indirect impact on the cost of oil

[CitizenVagrant]

We doing the graph thing?

[Tha big kahoona]

We doing the graph thing?

Otherwise known as efficiency. Increasing productivity without increasing costs. Only Obama could do something so magnificent.

[CitizenVagrant]

Otherwise known as efficiency. Increasing productivity without increasing costs. Only Obama could do something so magnificent.

Lol yup, as soon as we replace the entire unskilled labor sector with robots, efficiency will increase even more, right?

[ChikN10der]

He sold the FDA and the USDA to Monsanto

Created a healthcare disaster

And now is taking credit for oil prices........

[KingTrump2016]

So then I suppose we can blame him for the 5 years it was almost $4/gallon?

Looks like you guys were blaming him
http://forum.bodybuilding.com/showth...hp?t=148210133

[Stizzel]

The last couple recessions were preceded by cheap oil