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Page added on February 21, 2012
White House Comments On Surging Gasoline Prices
Just when we thought that when it comes to nonsensical announcements Europe is second to none, here comes the White House and takes the cake:
- WHITE HOUSE SAYS RISE IN GASOLINE PRICES CAUSED BY VARIETY OF GLOBAL FACTORS, INCLUDING UNREST IN SOME PARTS OF WORLD, FAST GROWTH IN OTHERS – RTRS
Uhm, would the “unrestful” parts of the world be those that have an above average US drone presence. At least we know that said price surges have nothing to do with the following chart:
As a reminder, we did note over the weekend that inflation is about to become the biggest concern of “investors” everywhere:
Oddly enough, one very crucial item missing is once again surging inflation courtesy of trillions in stealthy central banks reliquification, sending crude to the highest since May 2011, and the most expensive gas price in January on record.
Sure enough…
Rising U.S. gas prices have been fueled by a number of factors in world markets, including unrest and rapid growth in emerging markets, the White House said on Tuesday.
White House spokesman Jay Carney said recent increases in gasoline prices were “clearly the effect of a variety of factors on the global price of oil,” including unrest in some parts of the world and economic growth in countries including India and China.
“The fact that this is happening only underscores the need … to have a comprehensive energy policy,” Carney told reporters.
U.S. gasoline prices jumped in January, leading overall consumer prices higher and offering a reminder of the risks energy costs pose to the economic recovery.
After rising throughout January, the national price for regular unleaded gasoline in the United States rose to $3.58 a gallon in the week through last Monday, according to the Energy Information Administration. It had started the year around $3.32 a gallon.
The people demand more Solyndras!!!
10 Comments on "White House Comments On Surging Gasoline Prices"
cusano on Tue, 21st Feb 2012 10:52 pm
Word is hitting the media that global unrest and Obama’s policies are the underlying reasons for costly fuel. This is unfortunate, because the political spin will be ‘drill, baby drill’, shale oil, and 100 years of our own natural gas to the rescue. 99% of the people will believe that this is our way to energy independence. It’ll just make it harder when we begin facing the inevitable…which is soon coming to a city near you.
george on Tue, 21st Feb 2012 11:28 pm
here it comes – blame everybody but ourselves .
the government at its worst .
BillT on Wed, 22nd Feb 2012 4:29 am
Not one word about decreasing supplies of raw oil…or the sludge we are now calling oil. Sad…but to be expected.
MrEnergyCzar on Wed, 22nd Feb 2012 4:55 am
High gas price, followed by a recession. I wonder if the masses will notice the link this time around since it’s only been a few years time since the last recession…
MrEnergyCzar
DC on Wed, 22nd Feb 2012 8:34 am
Amerika:We’ll Bomb Anyone, Anywhere if it means saveing a nickel on a gallon of gas*
*We only bomb people that cannot actually fight back
Zoli on Wed, 22nd Feb 2012 12:26 pm
Is $3.58 a gallon a high price?
In Hungary, Europe it costs $7.07 a gallon.
NoWay on Wed, 22nd Feb 2012 12:56 pm
In Norway it costs $10 a gallon
Windmills on Wed, 22nd Feb 2012 3:21 pm
Zoli, it depends on how the economy of a particular country is structured. A high price for gas is whichever price damages growth or causes a recession in that country. The price of gas in another country is irrelevant.
Gale Whitaker on Wed, 22nd Feb 2012 5:12 pm
Windmills
You are right about that but if the republicans had let us tax gasoline the US would be much better prepared to withstand the problems of peak oil. More efficient cars, better public transportation, bullet trains, bike paths and a freight system that used trains instead of trucks. They have shot themselves in the foot because their shortsightedness and greed will cause a terrible blow to their favorite subject, profits.
Kenz300 on Wed, 22nd Feb 2012 6:40 pm
The oil industry will reap windfall profits from any spike in oil prices. With no alternative to oil for transportation fuel the oil producers and oil companies have the world over a barrel. Republicans in Congress want to defund mass transit, bike paths and energy efficiency standards