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Automotive News & Views Report Your Local Gas Prices Here
8805 messages, Last post on Nov 27, 2009 at 11:25 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: gagrice (May 29, 2009 7:17 pm) CHICAGO (Reuters) - U.S. Democratic presidential candidate Barack Obama offered new steps on Sunday to crack down on speculation in oil markets, saying his plan would help rein in runaway fuel costs. A jump in gasoline prices above $4 a gallon has spurred consumer anger and is a top theme in the race between Obama and his Republican rival in the November election, John McCain, who has proposed more U.S. offshore oil exploration as a way to boost energy supplies. "I think everyone believes there's too much speculation in the oil markets," said New Jersey Gov. Jon Corzine, an Obama ally who announced the proposals in a conference call with reporters. "A lot of the price of oil, I think, people put at the doorstep of speculators bidding up and holding supplies off the market." Corzine said Obama's plan aims to close the so-called Enron loophole, which exempts some energy speculators who trade electronically from U.S. regulation. It takes its name from the now-collapsed energy firm that benefited from the law. Obama would require U.S. energy futures to trade on regulated exchanges. The campaign also said he backed legislation that would direct the Commodity Futures Trading Commission, the top U.S. futures market regulator, to investigate proposals such as increasing margin requirements in the market. http://in.reuters.com/article/worldNews/idINIndia-34181220080623 We shall see how well he lives up to this promise. |
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Replying to: gagrice (May 29, 2009 7:21 pm) Gas prices tonight in Boise: 2.45 regular 2.57 midgrade 2.67 premium and ...drumroll... Diesel is now cheaper than regular, coming in at 2.39.
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Replying to: steve_ (May 29, 2009 8:49 pm) I hope something is done to control the huge price swings in oil futures. It is very disruptive to the economy. |
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Replying to: gagrice (May 29, 2009 7:21 pm) We shall see how well he lives up to this promise. ROFLMAO. The messiah won't do anything. He was the expert on the economy, unlike his opponent, according to his handlers and ads. We can see what's happened with the economy and all the money spent which won't be spent in any amount to help the recession now that the recession is essentially over. But that excess politicals' spending will hurt the country more than Carter. And people will continue to stand up and support his lack of follow through. The media will ignore it. And the same two groups would have been ranting daily about Bush43 having done anything close to the level of this guy. How does this affect gas prices? None. That's the point. Nothing will be done to control speculation. I see the prices slowing the consumer recovery end of the recession, which is already ending financially. |
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Replying to: steve_ (May 29, 2009 8:49 pm) because he can. |
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| $2.25/gal for 87 no-lead here in little 'ole Willcox, AZ. | |
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RUG is at $2.45-$2.49. Still trying figure out why gas is going up since demand is steady and supply is up. |
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filled up my '76 LeMans with 93 octane for $2.679 per gallon. Prices are definitely creeping up, but looking in the car's mileage log, it showed how bad it could be. The last time I filled up the car was October last year, and that was $2.779 per gallon for 87 octane. So, things could be worse. And probably will be, before we know it. 
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Replying to: andre1969 (May 31, 2009 5:51 pm)
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