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Squawk of the day - Feb. 14, 2012

" When President Obama took office, the price of gas increased from $1.83 to $3.54 — an increase of 94 percent. No wonder the economy has stalled out. All our money is going to the Middle East countries. Tell me again why this guy deserves a second term as president."

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Comments

Abytaxpayer 2 years, 2 months ago

Sitting on the sidelines. Can't wait to see the cool-aid drinking supporters stampede to pile on this one..

CJ42,BF and Company let the BLATHERING begin in 3-2-1 the floor is open.

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LuLu 2 years, 2 months ago

Yeah, it's hard to argue with the cold, hard facts, but somehow these guys manage to do it anyway. It's astounding to me that some people are able to walk and breathe at the same time.

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VSU 2 years, 2 months ago

They need to pass a law and put a freeze on prices whereas they can't change prices from day to day. One day it's $3.53, next day it,s down to $3.44, then next day it's back up to $3.54. Can anybody say price gouging? (Don't know if I spelled that right or not) but no way the prices should changed that rapidly. It is not right to raise prices on gasoline that has already been paid for.

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KaosinAlbany 2 years, 2 months ago

I totally agree with you, VSU. Back to the squawk though, our gas usually comes from places like Venezuela and Canada. I hate knowing that we are supporting communist Hugo Chavez.

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Shinedownfan 2 years, 2 months ago

What gets me is gas one price on the east side of town and a lot higher in price on the west side... at the same "brand" gas station.

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KaosinAlbany 2 years, 2 months ago

I've noticed that also. That is why I don't fill up on the West side any more.

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Sister_Ruby 2 years, 2 months ago

It's what Obama calls "Fair Share Pricing"

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atina3438 2 years, 2 months ago

Second term? Are you kidding? He didn't DESERVE a first term...lol I fear he will have a second and the country will surely go down the drain.

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USTPC 2 years, 2 months ago

Let me start out by saying that I did not vote for Obama in November 2008 nor will I vote for him in November 2012.

That said, I am not sure that he (or Bush) can be blamed for the gas prices unless either of them controls the price of crude oil. Currently crude oil costs approximately $101/barrel which yields approximately 42 gallons of unleaded gas at a cost of $2.405. Add to that the cost to deliver the oil to the refineries in the us, the cost to process the oil into gas, and the cost to get the refined gasoline from the refineries to the public and you can add approximately $ .60 to every gallon of gasoline. This brings the cost up to $3.005 per gallon. Now you add in taxes from the state and federal government which for Georgia is $ .476/gallon ($ .292 state, $ .184 federal) and you now have the cost of a gallon of gas sitting at $3.481. Now add to that the 2 cents a gallon profit for the oil companies and the 1 cent per gallon profit for the gas stations and you get to $3.511 per gallon.

So to sum it all up gas prices are made up of the following: $2.405 for crude (68.5%) + $ .60 for delivery/refining (17.09%) + $ .476 taxes (13.56%) + $ .03 profit (0.85%) = $3.511 per gallon.

Bottom line is that as a nation we are dependent on gasoline which comes from crude oil of which we import 50-60% from oil rich countries like Saudi Arabia, Iraq, etc. who control the price of crude oil.

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VietVet1 2 years, 2 months ago

Don't forget the .45 per gallon the govt (we the taxpayer) pay to add ethonal. Then the station charges more for non-ethonal gas?? So where did that 45 cent per gallon go?

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Cartman 2 years, 2 months ago

Obama's plan: 1. Take control of big 3 auto companies through government bailout. (Ford didn't participate) 2. Convert them over to green vehicles, i.e. Chevy Volt and Chrysler's with Fiat small engines. 3. Pull every lever possible to raise gasoline prices. This creates a demand for green vehicles. 4. Fuel efficient vehicles sell like hotcakes. Self-fulfilling prophecy. Makes Obama look smart. The problem with this scheme of converting before the rest of the world is that greener energy is much more costly. It makes us less competitive. So the rest of the world continues to fuel their growth using cheap petroleum while we use more costly green energy. When the petro does run out, then they just adopt the technology that we already paid for.

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USTPC 2 years, 2 months ago

Let me start out by saying that I did not vote for Obama in November 2008 nor will I vote for him in November 2012.

That said, I am not sure that he (or Bush) can be blamed for the gas prices unless either of them controls the price of crude oil. Currently crude oil costs approximately $101/barrel which yields approximately 42 gallons of unleaded gas at a cost of $2.405. Add to that the cost to deliver the oil to the refineries in the us, the cost to process the oil into gas, and the cost to get the refined gasoline from the refineries to the public and you can add approximately $ .60 to every gallon of gasoline. This brings the cost up to $3.005 per gallon. Now you add in taxes from the state and federal government which for Georgia is $ .476/gallon ($ .292 state, $ .184 federal) and you now have the cost of a gallon of gas sitting at $3.481. Now add to that the 2 cents a gallon profit for the oil companies and the 1 cent per gallon profit for the gas stations and you get to $3.511 per gallon.

So to sum it all up gas prices are made up of the following: $2.405 for crude (68.5%) + $ .60 for delivery/refining (17.09%) + $ .476 taxes (13.56%) + $ .03 profit (0.85%) = $3.511 per gallon.

Bottom line is that as a nation we are dependent on gasoline which comes from crude oil of which we import 50-60% from oil rich countries like Saudi Arabia, Iraq, etc. who control the price of crude oil.

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USTPC 2 years, 2 months ago

I am not sure that he (or Bush) can be blamed for the gas prices unless they control the price of crude oil. Current crude oil costs approx. $101/barrel which yields approx. 42 gals of unleaded gas at a cost of $2.405/gal. Cost to deliver the oil to the refineries in the US, refine the oil into gas, and get the refined gas to the public adds approx. $ .60/gal. Taxes for the state and federal government is $ .476/gal ($ .292 Georgia, $ .184 Federal). Add 2 cents/gal profit for the oil companies and 1 cent/gal profit for gas stations and you get to $3.511/gal. Summary: $2.405 for crude (68.5%) + $ .60 for delivery/refining (17.09%) + $ .476 taxes (13.56%) + $ .03 profit (0.85%) = $3.511/gal.

Bottom line: we are dependent on gas refined from crude oil and demand for crude oil is high throughout the world creating high gas prices. Lower demand, lower price.

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USTPC 2 years, 2 months ago

I am not sure that he (or Bush) can be blamed for the gas prices unless they control the price of crude oil. Current crude oil costs approx. $101/barrel which yields approx. 42 gals of unleaded gas at a cost of $2.405/gal. Cost to deliver the oil to the refineries in the US, refine the oil into gas, and get the refined gas to the public adds approx. $ .60/gal. Taxes for the state and federal government is $ .476/gal ($ .292 Georgia, $ .184 Federal). Add 2 cents/gal profit for the oil companies and 1 cent/gal profit for gas stations and you get to $3.511/gal. Summary: $2.405 for crude (68.5%) + $ .60 for delivery/refining (17.09%) + $ .476 taxes (13.56%) + $ .03 profit (0.85%) = $3.511/gal.

Bottom line: we are dependent on gas refined from crude oil and demand for crude oil is high throughout the world creating high gas prices. Lower demand, lower price.

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USTPC 2 years, 2 months ago

Sorry for the duplicates....first time posting.

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Abytaxpayer 2 years, 2 months ago

Not a problem and Welcome to the Herald. There will be a time delay of your postings until staff can review them. Once you have posted for a while your post will be shown immediately. Again Welcome

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USTPC 2 years, 2 months ago

Thanks! And I realized that about three posts too late. :-)

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justme 2 years, 2 months ago

Can not tell you why the President should be reelected or not. The one thing for sure is that white folks down here are not too pleased with a black man in the oval office.

Secondly if you are so worried about the price of gas get rid of that big SUV or truck.
Look around at all the FAT people who walk no further than the Fridg. or their gas guzzling auto. Buy a bike or walk and quit crying about everything with a pork chop in your mouth.

The President is a puppet for the 1% that control all of us, so if you feel that bad about the price of gas dont buy any and get off your lazy you know what and WALK.

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Abytaxpayer 2 years, 2 months ago

OK Stop playing the Race card.

No one until you had mentioned race. This discussion is Not about Race but about Policies.

Secondly I drive a 4cyl gas miser and I am still concerned about the price of gas. It affects a lot more than just what you pay at the pump.

Agreed the President is a puppet but not of the 1% although some of his handlers are 1%ers.

And Please note Fat people have feelings and while some may need to walk as you suggest some may not be able to help their weight. Just as stupid can’t help themselves.

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LuLu 2 years, 2 months ago

Ooooooh, brother!! Justme, it sure is just you, because you certainly don't speak for me or anyone I know. Me and mine do not see his skin COLOR, except for the RED one! The race card has gotten really, reeeeeeally old, thank you very much and no one even listens to it anymore. Don't know why I even wasted my time responding.

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TheBoss 2 years, 2 months ago

I own a Company that drives big gas guzzing trucks. We do so to support 8 employees and their families. If the price of gas goes up, we lose more money than what we make, therefore we may have to lay-off employees. The price of gas is color blind, however the policies of this administration is not. Justme, you have no clue how America works. I can tell by your comment you are one of the "takers" in America. I bet the only walking you do is to the mailbox once a day. And why buy a bike, just steal one, under Obama that is OK..

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VietVet1 2 years, 2 months ago

Yep, saw some FAT people with a grocery cart full of food paying my my tax paying card. Just glad my hard earned money is keeping them well fed. Oh - they weren't even white!

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atina3438 2 years, 2 months ago

Seems to me the folks who are driving Mercedes SUVs, Cadillac SUVs, on and on, are those who have everything else given to them free and therefore can afford the payment for these expensive, gas-guzzling machines. And, the "white folks down here" think the man in the oval office is the most incompetent since the white man Jimmy Careter and just happens to be Black!

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Cartman 2 years, 2 months ago

Race card. Pathetic and shallow. I look at the President in the same light as Nancy Pelosi; Harry Reid; and the other corrupt Dems who have perverted the system to impose their will. Are you suggesting that we cannot criticize the President because he is black? You don't know what race I am. Will you allow us to criticize Asian, Hispanic, or Indian elected officials? Or are we only allowed to criticize Whites? Your post; its insinuation; and its assumptions are racist.

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Jacob 2 years, 2 months ago

Hate to bother you with the facts, but it was white folks who put him in office. Now you can feel free to carry on with your delusional babble that is fed to you like pablum on CNBC or whatever liberal media outlet you and the other sheeple tune in.

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Shinedownfan 2 years, 2 months ago

Stupid white people... Not any that I know did...

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Jacob 2 years, 2 months ago

I would suggest to you that perhaps you don't know all white people.

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Shinedownfan 2 years, 2 months ago

Yep, you r right on that one, Jake!

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USTPC 2 years, 2 months ago

Actually Jacob I think Obama was elected for many reasons. First, a greater percentage of African Americans voted in that election than in prior elections. Second, an estimated 95% of the African Americans who voted cast their vote for Obama. Third, approximately 63% of all eligible voters in the US turned out for the 2008 election and most of that increase went to Obama. Obama also dominated the Northeastern states and the high populace states like California. Surprisingly Obama DID NOT win Georgia, McCain did.

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USTPC 2 years, 2 months ago

How did this turn into a political/racist discussion? I thought we were talking about gas prices being to high. :-)

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Abytaxpayer 2 years, 2 months ago

@ USTPC... I am not trying to be a Smart A-- The question was “Tell me again why this guy deserves a second term as president." I would have thought the discussion would have led to how and why the failed policies have led to higher gas prices. But as you see there are a few that can't get pasted the race issues. It is easier for some people to comprehend issues based on race because they have a hard time comprehending how policies (Bush and Obama) influence the stock market, the oil company’s and even OPEC. While no President directly controls the gas price they do affect the prices by their policies as well as their actions. Thank you for the information you posted above, again most are not aware of how the price at the pump is structured.

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darnette0101 2 years, 2 months ago

I also am tired of reading about the race card. The truth is that the President is only allowed to do what the people allow him to. He is a filter of what congress tries to send through. Yes, he does have veto power, but if congress doesn't want a bill, etc. to go through, a lot of times they shut it down. That's not just with this current president, it's that way with all of them. Not one single president has done all that he claimed he would do and every single president has done something the country hasn't liked. That's part of the job. No president can please the entire country! Get reasonable.

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Black_Falcon 2 years, 2 months ago

People who expect to be both ignorant and free, expect what never was and never will be. Free yourself people.

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Abytaxpayer 2 years, 2 months ago

Ok we are off subject again, but to add to your comment;

"You are the future of this great nation. The only barrier you have is yourself. If you encounter problems you can't solve, it's because YOU are the problem. Education is the key."

-------Ward VI Albany City Commissioner Tommie Postell.

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waltspecht 2 years, 2 months ago

The price of gas is controled by the Traders, those that buy and sell the Crude, the Gas and the Diesel. Making money on all sides. They have the support of bought Politicians that removed price controls. They will sell to whomever will pay the most. A large percentage of US fuel is sold to China and other countries. These Traders reap the profits. Now the OPEC folks and the Refiners make their share too, but it is the Traders that drive the price up or down, according to our demands for the product.

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FryarTuk 1 year, 1 month ago

Like Obwan Bush's energy position was pro big petro multinational corp. also like Obwan he had no energy policy for America.

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