2012 marks highest gasoline prices of all time

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  • worf Mcallen, TX
    Dec. 4, 2012 8:01 p.m.

    Some questions I don't have an answer for:

    * Why, when we have much oil, do we become dependent on mid-east oil.
    * Why, are taxes paid from the pumps,--not enough to finance infrastructure?

    Any one with an answer?

  • worf Mcallen, TX
    Dec. 4, 2012 7:29 p.m.

    How much federal, and state taxes do we pay at the pump? How does it compare to what the oil companies get?

    Perhaps higher gas prices are the fault of George Bush.

  • Fred44 Salt Lake City, Utah
    Dec. 4, 2012 9:57 a.m.

    Lost in DC,

    According to you it is the current Presidents fault that we are currently building no new refineries. I am sure it is his fault also we haven't built any in the last 40 years either? I believe their were at least 20 years of republican presidents during that time but nothing they did, or didn't do has contributed to this current problem? There were also times during those twenty years when the republicans controlled both houses and the white house so don't use that as an excuse.

    Could you share with us which regulations that the current president has put in place that have prevented new refineries from being built?

  • lost in DC West Jordan, UT
    Dec. 3, 2012 8:47 a.m.

    BO's EPA.

    $85 per bbl oil should equate to gas under $3 per gallon, but we have not the refinery capacity with the restrictions imposed by BO's EPA.

    Also, we have built no new refineries since the 1970s. Why invest billions for new facilities when the POTUS and his EPA are trying to destroy the market for the product they produce? Endanger the return and you get no investment, thus we have insufficient capacity.

  • xscribe Colorado Springs, CO
    Dec. 1, 2012 4:43 p.m.

    Taters, you know as well as I do that both the off-shore drilling and the Canadian pipeline project has nothing to do with the gas prices we are seeing today. Maybe it would sometime down the road, but not today. As for the jobs it would create, that's been debated by both sides. And are you really arguing about a long-term solution versus a short-term solution?

    Now, I will agree with you that gas prices have risen during Obama's tenure, just as they rose above the $3.00 mark during Bush's tenure. Apparently they must have something in common as far as policy goes, right.

    Also, oil is traded on a global commodities market, so unless we keep all the oil we take in, it will just go on the market to be bought and sold by traders.

    That's just facts, not rocket science!


  • Tators Hyrum, UT
    Dec. 1, 2012 1:22 p.m.

    Well, xscribe, Obama continues to vastly limit off-shore drilling, and worse yet, to our biggest oil reserves in the baron tundra areas of Alaska. He also stymied the recently proposed oil line project from Canada which would give us access to oil from the vast oil-shale reserves there. In the process, it would've also added tens of thousands of high-paying jobs to build it. It's all part of his green energy agenda backed by contingents of environmentalists. His advocating natural gas is good thing, but is more of a long-term solution with only limited short-term results.
    It's simple supply and demand economics. When supply is increased faster than demand, price goes down. Lower gas prices would stimulate the economy in multiple ways. On the day Obama took office, gas prices were under $2 a gallon. They've basically doubled under his administration. Every president's (including Obama's) energy policies don't change demand, but do have a direct effect on supply and thus prices. It's not rocket science.

  • xscribe Colorado Springs, CO
    Nov. 30, 2012 8:55 p.m.

    We haven't limited the supply. Supply is fine. OPEC controls most of the supply. Try again!

  • wYo8 Rock Springs, WY
    Nov. 30, 2012 6:27 p.m.

    it's called supply and demand.Keep the demand up and limit the supply. That is how we can thank the PRESident

  • xscribe Colorado Springs, CO
    Nov. 30, 2012 4:14 p.m.

    Nice explanation! Didn't think you had any facts, but now I know for sure!

  • BYU_Aggie LOGAN, UT
    Nov. 30, 2012 3:08 p.m.


    Oh, I'm sorry, I forgot we're not supposed to hold the commander-in-chief responsible for anything over his years of tenure. Same with CEOs, right? That's why Steve Jobs had nothing to do with Apple's success, or why Kenneth Lay had nothing to do with the failure of Enron?

    My bad.

  • xscribe Colorado Springs, CO
    Nov. 30, 2012 2:09 p.m.

    Four more years of what? If you are insinuating that Obama is to blame, please explain how. Oil is trading at around $85 a barrel, so why are pump prices so high? Again, I ask: How is Obama to blame?

  • BYU_Aggie LOGAN, UT
    Nov. 30, 2012 1:13 p.m.

    Four more years! Four more years! Four more years!