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GasBuddy News Article

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Who to blame for the price at the pump? Tough to say

Politifact -- $3.84 a gallon.

Three-eighty-FOUR! For one lousy gallon, one milk jug’s worth of gasoline.

The cost of a fill-up? Don’t even get us started.

Whose fault is it?

Keystone. China. Obama. PolitiFact has heard it all. Since the beginning of this year, we’ve checked more than a dozen statements and ads about gas prices. In most every case, we’ve found politicians oversimplifying their attacks, or just plain getting the facts wrong.

Did you hear the one about the single-day gas protest in 1997 that forced prices down overnight?

Well, it never happened.

In reality, the price of gas is determined by a litany of complex and shifting factors (Brent derivatives, anyone?), few of which you’ll hear mentioned in :30-second political ads.


Read the Full Article

Submitted Apr 30, 2012 By: eromitlab
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Who to blame for the price at the pump? Tough to say Back to Topics
REPLIES (newest first) Post a Reply
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EvanRude
Sophomore Author Raleigh

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Message Posted: Apr 30, 2012 10:07:27 PM

The Republican Nixon. Had he and Kissinger not opened up China the increased demand from that large, growing country would not impact the price of oil today.
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clarkl23
Rookie Author Boston

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Message Posted: Apr 30, 2012 10:05:43 PM

Most industry watchers say that speculators add $20-40/per barrel to the cost of oil. Make the speculators take delivery of 10% of what they buy contracts on and watch what happens to the price.
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mconley1967
All-Star Author Louisville

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Message Posted: Apr 30, 2012 10:04:25 PM

Ok
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listerone
Champion Author Boston

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Message Posted: Apr 30, 2012 10:03:41 PM

1/20/2013...The End Of An Error
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John747
Champion Author Chicago

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Message Posted: Apr 30, 2012 10:02:49 PM

Interesting that they didn't bother to mention this countries monetary policy. Since the world price of oil is in dollars when the dollar is devalued then the price of oil increases.
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firefly09
Champion Author San Diego

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Message Posted: Apr 30, 2012 10:02:08 PM

We are in big trouble and no one is doing anything about it. We need a whole new congress, president, etc.
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justmedc
Veteran Author Michigan

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Message Posted: Apr 30, 2012 10:01:24 PM

just let the prices drop. then the demand may go back up. keep them down the demand will stay up. and big oil can still make a profit by selling more for less.
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THX138
Champion Author San Francisco

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Message Posted: Apr 30, 2012 10:00:07 PM

k
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drz614
Champion Author Harrisburg

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Message Posted: Apr 30, 2012 9:58:14 PM

ok
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coke_kid
Champion Author Chicago

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Message Posted: Apr 30, 2012 9:57:33 PM

NO! GasCzarCO Stop making excuses for this president, im sick of people making excuses for him or Him blaming others for things going on...

This president is part to blame and the facts show it im sorry to burst your misinformed info but facts are facts..

Has Obama cut drilling on federal land----> yes 38%

Has Obama said in his own words he will make energy prices sky rocket---> yes.

Has Obama spent 5 trillion in 3 yrs more than any president in history---> yes

Has Obamas spending trillions caused the devalue of the dollar and spiked inflation on goods on sugar 111% ----> yes (and everything else)

Im sorry GasCzarCO but the facts are out there look them up this is not lies or from cnn or msnbc or fox this is the real numbers in facts! So yes theses are his doings and America cant afford aObama and nor can the people... remember no budget from Obama in 3 yrs now..
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PetroScopper
Champion Author Houston

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Message Posted: Apr 30, 2012 9:55:48 PM

It really doesn't matter what Politifact or any other source says, people will still always believe what they want to believe. Most Americans are so extremely uninformed that it is utterly ridiculous- it is simply sad that nobody cares enough, or are just too lazy to try to look into what is actually true and real.
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jtfftj
Champion Author New Hampshire

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Message Posted: Apr 30, 2012 9:49:55 PM

Well said, GOGOGoodyear. Except that you are stuck with Jerry Brown. Poor you.
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DeeLA
Champion Author Los Angeles

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Message Posted: Apr 30, 2012 9:49:03 PM

okay
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GoGoGoodyear
Champion Author Los Angeles

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Message Posted: Apr 30, 2012 9:46:06 PM


While Politifact generally has it right, the real answer to this big question Who To Blame really comes down to US... that's right folks WE are responsible for electing thieves and liars to represent us and run this country!

WE ARE RESPONSIBLE for letting them do this to us, and then rewarding them by electing them into office again instead of giving them the boot. And if YOU didn't vote... YOU are still responsible for throwing away one of your most cherished rights that many other folks died to defend for you to have.
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Killerbabydoll
Champion Author Tucson

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Message Posted: Apr 30, 2012 9:45:34 PM

people just need to stand by one another and help not make things worse by having a huge debate about it.
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GasCzarCO
Champion Author Colorado Springs

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Message Posted: Apr 30, 2012 9:43:40 PM

People need someone to blame so they look to the one man who heads our country. We all know the republicans want back in the White house but realistically Obama's not to blame. The oil companies are international and as such serve the entire world. Crude oil and gas is priced on the world market to the highest bidder and although you may want lower gas prices unless the world demand shrinks it's not going to happen. Those people on the street corners are just political pawns doing a fools job.
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CHEAPERBETTER
Veteran Author Lansing

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Message Posted: Apr 30, 2012 9:40:31 PM

To simply say "speculators" is so misinformed. Speculators are actually to blame for bringing prices down recently.
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camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Apr 30, 2012 9:40:21 PM

wow
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coke_kid
Champion Author Chicago

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Message Posted: Apr 30, 2012 9:38:15 PM

Obamas policys on drilling and 38% cut on permits issued are his doing no other.

His voice for hate on oil and coal and now shipping more oil to china lying to the people saying were drilling more than ever but doesnt say its all on private land and going out of the country..

DONT FORGET CAUSEING MASS INFLATION AND SPENDING 5 TRILLION IN 3 YRS!
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gmcgas
Champion Author Atlanta

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Message Posted: Apr 30, 2012 9:36:31 PM

speculators
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Mermaan
Champion Author Boston

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Message Posted: Apr 30, 2012 9:33:05 PM

Demand is to blame
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mtaboy
Sophomore Author New Jersey

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Message Posted: Apr 30, 2012 9:32:51 PM

ITS THE GREEDY SPECULATORS CAUSING GAS AND OIL PRICES ABOVE THE STRATOSPHERE...THE PROOF IS IF YOU KILL ALL THE GREEDY SPECULATORS... GAS DROPS TO UNDER $1.99 A GALLON

[Edited by: mtaboy at 4/30/2012 10:34:52 PM EST]
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Tucker1961
Champion Author Seattle

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Message Posted: Apr 30, 2012 9:27:44 PM

who cares nobody looking out for us in dc
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96sc1
Champion Author El Paso

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Message Posted: Apr 30, 2012 9:21:45 PM

I'm going with Obama and Bernanke.
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paulydel
Champion Author Delaware

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Message Posted: Apr 30, 2012 9:21:36 PM

Its not so tough to say because the oil companies said they thought that gas prices should be higher because the prices didn't keep up with the cost of living. They sure are keeping up with the cost of killing us.
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bettersight
Champion Author Oakland

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Message Posted: Apr 30, 2012 9:20:04 PM

ok
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24541
Champion Author Virginia

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Message Posted: Apr 30, 2012 9:16:40 PM

Obama is to blame because he has done everything he can to hinder domestic production.
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boborobot
All-Star Author Michigan

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Message Posted: Apr 30, 2012 9:14:25 PM

I will stick with Greed and speculators.
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jb107
Champion Author New Jersey

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Message Posted: Apr 30, 2012 9:14:17 PM

Speculators are probably the biggest problem.
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ericbcire
Champion Author Nevada

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Message Posted: Apr 30, 2012 9:13:22 PM

Speculators are the driving force.
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bevmill
Champion Author Georgia

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Message Posted: Apr 30, 2012 9:09:49 PM

speculators
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Colts13
Champion Author Indiana

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Message Posted: Apr 30, 2012 9:07:39 PM

Speculators have a lot to do with it.
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Is246
Champion Author Albuquerque

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Message Posted: Apr 30, 2012 9:07:38 PM

All, but mostly speculators.
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RBob
Champion Author Portland

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Message Posted: Apr 30, 2012 9:07:30 PM


"...volatility is how speculators make a profit." They are doing a really "good" job of manipulating it for their benefit, no one else.

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Ply440GTX
Champion Author Phoenix

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Message Posted: Apr 30, 2012 9:04:58 PM

...a weak $!
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t-w
Champion Author Denver

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Message Posted: Apr 30, 2012 9:04:53 PM


> > > dollarwatcher "The guy who ownes the pump has the final say-so and makes the most." < < <

If you mean the gas station owner, I believe he's selling only a few pennies over his cost and makes his money when you come in and buy the 'convenience' items that have the higher markup and profit.

the article references the false reasons and doesn't really point to what the true causes are

we need to keep digging to find out what REALLY is going to make a difference and get prices back down
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IUVidiot
Champion Author Indiana

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Message Posted: Apr 30, 2012 9:02:20 PM

ok
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clermont40miles
Champion Author Cincinnati

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Message Posted: Apr 30, 2012 9:01:08 PM

Not so sure the source is dependable.

Stop speculation and prices will plummet. That is a fact.
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30mpg80
Champion Author Lexington

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Message Posted: Apr 30, 2012 8:59:59 PM

At least a dollar per gallon is due to speculation, They are reaching into our pockets and stealing millions of dollars.
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WIWalt
Champion Author Wisconsin

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Message Posted: Apr 30, 2012 8:59:51 PM

Oil companys paying for political favors
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jackster111
Champion Author North Carolina

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Message Posted: Apr 30, 2012 8:59:48 PM

greed
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camel1
Champion Author Minnesota

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Message Posted: Apr 30, 2012 8:57:54 PM

speculators, retailers and state governments
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gass12
Champion Author Omaha

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Message Posted: Apr 30, 2012 8:53:30 PM

In na couple of months prices will come down and we will be on another subject.
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singlemom27
Champion Author Ventura

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Message Posted: Apr 30, 2012 8:52:45 PM

Still think speculation is an unnecessary added burden to consumers and should be abolished...just like the ethanol mandates.
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Blue48
Champion Author Illinois

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Message Posted: Apr 30, 2012 8:51:53 PM

SHARE THE BLAME!
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USCCRN
Sophomore Author Long Island

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Message Posted: Apr 30, 2012 8:51:45 PM

There is a lot involved and many to blame.
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Romey08
Champion Author Virginia

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Message Posted: Apr 30, 2012 8:51:32 PM

it's oil company sucking us dry until it hurts
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toadNY
Champion Author Albany

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Message Posted: Apr 30, 2012 8:44:57 PM

I agree with you 23jeep, obama an his appointed by him energy czar just like Russia want gas to be like in Europe. $7. To $8. dollars a gallon!
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TekWare
Champion Author Toronto

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Message Posted: Apr 30, 2012 8:43:00 PM

It's funny how reporters can never find the real reason.
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Load
Champion Author Wyoming

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Message Posted: Apr 30, 2012 8:42:17 PM

speculators....
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23jeep
Rookie Author Alabama

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Message Posted: Apr 30, 2012 8:41:08 PM

Obama may not be entirely to blame but one thing for sure he is a large part of the problem. What he's done has hurt the price of gas and I can't think of a single thing he's done thats helped.

In Alabama, where I'm from, people are saying Obama is going to lower gas prices prior to the election to help him get re-elected. Don't know if that possible but prices are starting to drop a little.
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Dsin44
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Message Posted: Apr 30, 2012 8:39:52 PM

yuk
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