1
   

All-time record for gas prices in 2011

 
 
Reply Thu 22 Dec, 2011 10:59 pm
http://www.kcrg.com/news/local/Gas-Prices-Hit-Record-High-Averages-in-2011-135993598.html

In the middle of a deflationary economy no less, quite a feat...
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Discussion • Score: 1 • Views: 1,482 • Replies: 11

 
roger
 
  2  
Reply Thu 22 Dec, 2011 11:34 pm
@gungasnake,
That link never finished loading, but my clear memory contradicts the statement. When I was paying over $4.00/gallon, Bush was president. I remember because first he was accused of running up the price, and when they dropped like a rock he was blamed for screwing up the economy. I'm going with memory.

Now, this year the price got pennies away from that 4.00, the economy is screwed up, and the price is almost down to 3.00/gal. What's up?
Lustig Andrei
 
  1  
Reply Fri 23 Dec, 2011 12:12 am
@roger,
According to Realjohnboy on another thread, the price in his neck of the woods (VA) is down to just about $3.00. Here in the paradise of the Pacific, if you can find a station that sells it for $4.00, you better fill up fast. Avg. here is about $4.25 and up.
roger
 
  1  
Reply Fri 23 Dec, 2011 01:38 am
@Lustig Andrei,
Is it trending up? Still edging down around here.
0 Replies
 
gungasnake
 
  -1  
Reply Fri 23 Dec, 2011 05:59 am
Like I say, you have to keep in mind that Bork has achieved rising gasoline prices in a DEFLATIONARY economy when prices for other things are falling and the M2 money supply is below what it was three years ago.

Also note that George W. Bush finally started talking about drilling offshore and just talking about that knocked forty or fifty bucks off the price of a barrel of oil in a single day. By way of contrast, everything Bork has donehas had the effect of limiting our options and raising the price of gasoline.
0 Replies
 
MMarciano
 
  3  
Reply Fri 23 Dec, 2011 06:27 am
I just paid $3.08 this morning, it's been dropping every month it seems.
gungasnake
 
  1  
Reply Fri 23 Dec, 2011 06:45 am
@MMarciano,
The article involved year-long averages.
MMarciano
 
  3  
Reply Fri 23 Dec, 2011 07:22 am
@gungasnake,
And they have been dropping all year.
djjd62
 
  1  
Reply Fri 23 Dec, 2011 07:30 am
paid 109.9 the other day















per litre

average lately has been about 125, this summer we hit close to 140
0 Replies
 
gungasnake
 
  1  
Reply Fri 23 Dec, 2011 08:41 am
@MMarciano,
They rose up to an insane level, presumably around the end of 2010, and haven't fallen off much. Again the 2011 average is the all-time high. By all rights given the supplies we have in the US, gasoline should be around a dollar a gallon. We'd have to drill oil and refine it to get there of course.

Environmentalum delenda est....
0 Replies
 
Ragman
 
  1  
Reply Fri 23 Dec, 2011 11:38 am
@MMarciano,
Same here..$3.19 per gallon ... trends toward lowered prices every month. Certainly there was no record high price set in 2011.

In July 2008 was the peak of avg of $4.05 gallon. Also, FWIW, at the end of 2008 and the beginning of 2009 it was at $1.60 per gallon.

That july 2008 was the recent max peak. And we are so far from that with the trend which has been lowering.

Check the facts.
djjd62
 
  2  
Reply Fri 23 Dec, 2011 11:46 am
@Ragman,
but, but, but.........that doesn't defend the agenda Wink
0 Replies
 
 

Related Topics

Where is the US economy headed? - Discussion by au1929
The States Need Help - Discussion by Robert Gentel
Fiscal Cliff - Question by JPB
Let GM go Bankrupt - Discussion by Woiyo9
Sovereign debt - Question by JohnJD
 
  1. Forums
  2. » All-time record for gas prices in 2011
Copyright © 2020 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 07/11/2020 at 12:11:05