Prime yourself: Gasoline above $4 a gallon this year!

[yortsed snacilbuper]

With Pennsylvania shutting down three refineries and Iran threatening to shut down the Strait of Hormuz, forget about paying $2 a gallon anytime soon!

Paying $4 per gallon at the gas station is painful, and analyst Patrick DeHaan has some bad news: Get used to it.


Read more: http://www.post-gazette.com/pg/12022/1204988-28.stm#ixzz1kDYJzxL8

[PSPS]

1. I think it has more to do with it being an election year with a democratic president.

[yourout]

2. Bingo......this is the last great hope they have at sinking the

recovering economy.

[Jackpine Radical]

3. Wanna bet the Obama campaign hasn't thought of this?

And figured out a response that pins the tail on the Elephant?

[CAG]

7. I don't think any response will work....bottom line is it will hurt re-election chances

no matter what brought it on.

Hell, they'll even bring up Keystone as if could have magically pumped a drop of oil into the system by November, and millions of idiots will believe it.

[Lugnut]

10. You'd better believe it.

Local gas prices shot up the day after the State of the Union address. Nobody has to tell me why that happened.

[Arctic Dave]

4. Parts of Alaska are already paying this amount.

[bluerum]

5. I paid $3.34 a gallon today. Central MA.

[Peregrine Took]

6. I saw 4.00 here on the lakefront (northside) of Chicago.

I heard a pundit (think it was a Dem, too) say if the gas price goes to $5.00 Obama is going to have a real problem getting re-elected a the dragger's will pin it on him.

[KrazeeKrewe]

8. Ending the Ethanol Tax Break is causing the huge gas price spike at the pump since December 31, 2011

Ethanol & Bio Diesel is being ran in all of todays vehicles with no conversion. Ethanol & Bio Diesel is being transported to, pumped through & sold in all of todays gas stations with no conversions. It will take major facility modifications in order to make other transportation energy sources available, not to mention transport to those facilities. Your automobile will also need major modifications to run on other energy sources.

Exempting Ethanol & Bio Diesel from some of the taxes at the pump was the cheapest & best way to reduce the price at the pump & our dependence on foreign oil other than drilling for more here at home. The ethanol tax cut reduced the taxes everyone paid at the pump since every gallon of gasoline contained at least 10% ethanol.

Congress sunset the ethanol tax cut at the end of 2011. See the sudden gas price reversal & spike since new years in the chart below. That is a direct result of higher taxes per gallon & falling ethanol competition. Gasoline prices continue to spiral as ethanol production has dropped every since this tax hike on new years day.



Jan. 25 (Bloomberg) -- Ethanol production in the U.S. fell 0.7 percent to 934,000 barrels a day, the lowest level since Nov. 25, according to an Energy Department report.

The third consecutive weekly drop matches the longest such streak since the period ended Sept. 23. Stockpiles climbed 1.4 percent to 19.8 million barrels, the highest level since the week ended May 27, the department said in a report released today in Washington. Inventories have swelled six straight weeks, the longest streak since Jan. 21, 2011.

Wholesale Ethanol Price Chart


Wholesale Gasoline Price Chart

[lonestarnot]

9. That's all the plan stan. Manipulate the other side of supply so there will be less objection

re the sandy oil crap their wanting to ship over here from Canada via the oil sands pipeline. I sure it was discussed as the bushitlers visited the White House.