What it cost for me to fill up my little sedan last week.

Reaction by liberals? . This, of course, is in large part the Dumb Bastard making sure that the cost of gasoline gets as high (artificially) as “green” fuels. This man and his delusions can be stopped if we get a Congress that is willing to confront him. I can’t even begin to tell you how important 2014 is. This story by CNN doesn’t attribute any of the responsibility to the DB, none at all. It’s about China, and presumed increased demand, etc, etc. “Increased oil production” in the US is mentioned, apparently compelling the Middle East to cut production (you’ve gotta keep those prices high!). Of course, there’s no comparison to what oil production used to be, or how Obama is keeping it low, and they also don’t mention this isn’t unique. Gas prices have doubled since Barry took the White House.

The fact is, Obama’s refusal to drill and rejection of the Keystone pipeline are indicative if the active steps he’s taken to drive the price higher. I wouldn’t be surprised if the “increase” here, decrease in the ME wasn’t a direct arrangement, to appease Americans, while making sure a large portion of whatever money you have still goes to Obama’s Islamist friends via the price of oil. It’s the ultimate ‘redistribution of wealth.’

Via CNN Money.

Gas prices have risen for 32 days straight, according to AAA. That means that the average price for a gallon of regular unleaded gasoline has increased more than 13% over that period to $3.73.

It’s hitting wallets right in the middle of winter, when people are already looking at large home heating bills. And it comes just after many Americans have been hit with smaller paychecks, and are worried about looming budget cuts that could deliver an even deeper blow. What’s behind the higher prices at the pump? It’s a confluence of factors, from rising crude oil prices, to production cuts and refinery closings.

“Right now, things are tight worldwide,” said Ray Carbone, president of New York commodities trading firm Paramount Options. “Refineries going down, unanticipated maintenance, and higher demand … going into driving season.”

Two-thirds of the cost of one gallon of gas comes from the price of crude, which has jumped 10% in the last two months, according to the Energy Information Administration. As the U.S. housing market experiences a resurgence, the jobs picture brightens and consumer spending expands, anticipation of higher oil demand is driving up prices. At the same time, fears have ebbed that there would be a protracted slowdown in China’s economy, which would have dampened global demand for oil.

OPEC, the powerful cartel of petroleum exporting countries, is also believed to have cut production by about 1 million barrels a day in the last few months, partly in response to rising oil production elsewhere, notably the United States.

Adding to that, several refineries are either preparing to, or have already, shut down for maintenance before their annual switch to summer gasoline, which is formulated differently.
For the average American, all this couldn’t be happening at a worse time.

Most of the country’s 160 million workers are taking home less pay each week since the payroll tax cuts expired last month.

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9 Comments | Leave a comment
  1. TX Soldier254 says:

    Gas prices near record high, ~~those were the days~~, a couple of Elections ago!!!!

    http://money.cnn.com/2003/03/10/news/economy/gas_prices/index.htm

  2. Squirrel says:

    Now that is hope and change. Remember how President Bush got hammered for high gas prices? Now that it’s the big eared Mac Daddy, Mom Jeans wearing, Golf Course Lizard,
    Mexican Drug Cartel gun dealer, hide under the bed during Benghazi, Dumb Bastard, not a peep from the lame stream media.

  3. Maynard says:

    Recall the words of Obama’s outgoing Energy Sec’y Chu, who has been a disaster in every possible way (e.g., funding Solyndra): “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” Gettin’ there.

    I recall when gas prices jumped under Bush, I heard mutterings on the street alleging dark conspiracies between Bush and the Texas oil men. But Obama is always the victim.

  4. Alain41 says:

    http://www.nationalreview.com/campaign-spot/341109/expect-perennial-energy-trader-scapegoat

    With gasoline prices slated to reach an all-time high in 2013, we can expect President Obama to make another pledge to crack down on nefarious energy traders who are driving up prices of oil and gasoline. After all, he made that pledge in 2009, 2010, 2011 and 2012…. “Several refineries have been shut down for routine maintenance, and in the eastern United States, several refineries simply went out of business in the past year.” As you often hear, the United States has not built a new oil refinery since 1976… There’s an effort to build a new one in South Dakota, but that effort has been tied up in paperwork, permits, and lawsuits for six years and now people doubt it will ever be built….”

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