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Gas hits new high — $3.47 per gallon

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Joe | 3:13 a.m. May 2, 2008
Gas prices are high and guess what? McCain introduces a gas tax holiday! what a horrible idea dreamed up by the oil companies themselves probably. What's next, root beer in the drinking fountains? McCains idea would increase demand of oil thus raising the price even further. When the Holiday is over and there's a rush to the gas stations for that last fill up the demand will raise the price at least another 5 cents on top of that. $4.20 a gallon and Utahs will still vote for McCain.
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Ticked in PA | 5:00 a.m. May 2, 2008
Don't complain, gas in my town in PA is $3.65, and the average salary here is much less than in SLC.
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I'm confused | 5:41 a.m. May 2, 2008
I'm really confused after reading this article cause I read another article just the other day that said that the Fed. gov. think that the gas and food prices have gone up enough and should start to stablize. So, now this huge increase AGAIN in gas. This is so crazy!! It's to the point where a family needs to decide if they want to eat, or pay the rent. Or put gas in the car or buy their medication. It's just plain idiotic when it gets to the point where you have to make choices like that!
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Indianaguy | 6:09 a.m. May 2, 2008
It is 3.76 in Indiana.
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Indy | 6:17 a.m. May 2, 2008
It is $3.76 a gallon in Indiana.
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Anonymous | 6:57 a.m. May 2, 2008
Gives new meaning to "Mission Accomplished" doesn't it?
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Gretzky | 7:24 a.m. May 2, 2008
3.97 in Los Angeles area.
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Is this a story | 7:53 a.m. May 2, 2008
Couldn't the DNews come up with a better headline this morning? We all know how much a gallon of gas costs, including small children. Come on editor types, tell me something I don't know. I suppose tomorrow you can tell us how much movie tickets cost these days. For your Sunday headline please remind us how much it costs to play a round of golf. For the next seven days of headlines feel free to cite commodity price increases: wheat, pork bellies, soybeans, barley, rice, etc. My point is that it must have been a slow newsday for you to roll that headline. I imagine a high school newspaper headline would look similar: SCHOOL LUNCH HITS NEW HIGH - $_______ PER DAY.
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Take the bus | 8:04 a.m. May 2, 2008
drive less....


It is really not that hard!

BTW - get rid of your cell phone..

Very easy ways to cut costs
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Robber Baron | 8:06 a.m. May 2, 2008
What is the most interesting aspect of the price of oil is that there is no clear cut reason why the price is artificially inflated. Think about it. Last year at this time it was that there weren't enough refineries now it is the weak dollar and market speculation. In the meanwhile we are spending more on fuel, airlines are dropping out of the sky, the economy is suffering because of the effects of oil on costs food and everything else.

In the meanwhile the US is dumping TRILLIONS of dollars and thousands of lives for a war in Iraq that has as much to do with oil as anything else (while Iraq's government is running a surplus.) Additionally the US dumps millions of dollars in subsidies for big oil and farm aid (to prevent the low cost of wheat, corn, soy beans, etc.)

The whole system is messed up but where is the outrage? In order the fix the problem an effort similiar to going to the moon during the 60's. BTW NASA is getting ready to spend trillions to go back then to Mars. At least our priorities are straight. It is time to decide what is important.
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Anonymous | 8:24 a.m. May 2, 2008
It's 4.40 in Lee Vining, California.
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oil pals | 8:25 a.m. May 2, 2008
It's well-known that Bush and Cheney have pals in the energy business. Condoleeza Rice has an oil tanker named after her.

Don't blame me.

I didn't vote for them.
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Pam | 8:30 a.m. May 2, 2008
To "is this a story?" This is news and a lot of people are interested in it. Some of the other prices you mentioned don't continually change like gas so comparing them is silly. If you don't like reading the paper, don't read it. The writer did an excellent job reporting the facts.
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Thinkin' Man | 8:38 a.m. May 2, 2008
If the war in Iraq were really about the U.S. getting more oil, wouldn't supplies be higher and prices be lower? Think about it!

Gas prices are high all over the world. It's not a Bush/Cheney problem, or problem with U.S. oil companies. The roots of the problem are weak US dollar, soaring demand in China and India, too few refineries in the US, and OPEC control of most production.

If you want to address the roots of the high prices then strengthen the dollar, produce more US oil, and support construction of more refineries. It ain't rocket science.
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Earl | 8:52 a.m. May 2, 2008
One thing you never seem to hear in these "rising prices" stories is the fact that much of the problem is caused by the debasement of the dollar. The federal government (those who need your votes) want you to think it's the fault of foreigners, greedy capitalists, Democrats or Republicans (either, not both), etc., etc. The problem is CAUSED by those very people in Washington, D.C., specifically, the Democrats AND Republicans in congress and the White House, and by the Federal Reserve and the banking system. It's a systemic problem that won't go away until fiat money is made illegal.
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O2 | 8:59 a.m. May 2, 2008
Thinkin' Man,

Producing more US oil is not going to solve anything. Demand is way down and oil & gas reserves are at an all-time high. This isn't 1979 - there's no supply shortage. The price of oil is now completely detached from supply & demand. Instead it's being manipulated by speculators, mostly overseas.

You're right about strengthening the dollar. There's two things we could do: 1, stop cutting interest rates. The recession's going to happen eventually anyway, so raise rates and at least get a handle on inflation. 2, the government and US citizens need to stop spending money they don't have.

But none of these things are going to happen anytime soon. The reality is in 5 years, you're either going to need an alternative-fuel car or you'll be riding a bike everywhere. Take my advice & prepare for that day now!
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It's Clinton. | 9:15 a.m. May 2, 2008
We currently have refining capacity for 500,000 barrels being constructed today. Hopefully, near SLC so Utahan can enjoy the progress. Another 100,000 will start construction this year.

Write Jeb Bush and ask him to reconsider drilling off Florida.

Thanks for reminding me that you need many sources of news. No one source is ether fair or balanced.

It's debt that has weakened the dollar. Too many dollars chasing fewer goods. Who won't pay for their war? You would rather pay at the pump because of a declining dollar? What will happen to the dollars and oil costs when the petrol dollars ends soon?

Countries currently hold dollars to pay for oil. Image when, they no longer hold dollars but euros.

Blame Carter and Bill Clinton and toss in Reid for good measure.
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Headline 2025 | 9:19 a.m. May 2, 2008
Gas reaches all time high - $55 a gallon.
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laughing at you | 9:34 a.m. May 2, 2008
Making an item appear hard to get is the oldest trick in the retail book.

The people you conservatives voted into office are laughing at you and you are now their total slaves.
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Thinkin' Man | 10:16 a.m. May 2, 2008
Having an additional 1.5 million barrels per day from ANWR would be the same as having another Saudi Arabia-sized supplier to the US for 30 years.

While it wouldn't lower prices significantly, it would add one measure of security to our supply. The most effective approach is to do ALL we can--more efficiency AND increased supply.

By the way, demand for oil is way UP here and abroad--hence greatly increased global competition for supply and higher prices.
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