after FINALLY falling to an acceptable price........gas prices are on the rise again. I wonder if it will be back up to 5 bucks (or more)a gallon by August.

that damn president bush why wont he do something about the gas prices

Bush is gone.

and Im sure he has not trouble having cash flow to fill up HIS gas guzzling car/jeep/suv/limo.


wtf has Obama been doing?

high gas prices are changing the face of the earth,..

electric cars will be the future,..

oil & gas are being fazed out

it's all a plot by obama to force us all to go green. if gas prices are high, then people use less gas and alt. fueled cars will be more in demand. i mean, since everyone blew off the whole principle of the market and supply and demand and blamed it on bush's special interest oil groups, it must be obama's fault now...

People were blaming Bush because he went into Iraq, the destabilization of the Middle East did have something to do with supply and demand which in turn had to do with rising prices. Prices are rising now as they do every summer. Demand going up, people are going on vacations.

The benefit though is that new technologies will emerge. Whether or not one believes in Climate Change, oil is not sustainable for the future, there's no way we can find it as fast as we're using it. So we should be the leaders in the world in developing this tech now, that way other countries will buy our tech instead of us buying theirs.

True, but a little optimistic. Honda and Toyota are not standing still.

Storage tankers across the globe may be brimming with oil that no one is buying because of the global economic downturn, but the traditional laws of supply and demand don't always apply to oil prices. Drivers have faced rising prices at the gas pump in recent months, as investors and oil-producing countries hoard supplies in anticipation of a global economic recovery later this year.

http://www.time.com/time/world/article/0,8599,1901446,00.html

i know, I'm just feeling extra sarcastic tonight.

To be honest, the actions in the middle east have barely changed the landscape. iraq has oil, but they are not a very large supplier. IIRC, Iraq is only 6 or 7 percent of the OPEC supply. That is hardly enough to drastically change the landscape at the scope it did.

However, nations like China and Russia developing further have driven up global demand. The global recession lessened global demand along with the SUV/F350 craze here. Part of the hike was also related to speculators bidding up the costs artificially.

I do not believe in man-made climate change, but as with all on this earth, oil is scarce and will run out at one point or another. granted, the saudis are sitting on enough to feed the world's demand at our current rate for 300 years on their own, but while right now it basically squirts out, eventually it will have to be extracted at extra costs. we have plenty of time to further develop alternative systems, but that is not a reason to not start now.

As for tech, china and japan are the most efficient at making it. notice the location of most of the largest tech firms: microsoft, apple, intel, oracle, sun, etc. are all based here in america, they've just realized how much cheaper it is to have the asian nations make the actual product.

seriosuly? people are vacationing?? wow really? im too busy paying bills and working I havent notices. I surely aint driving too far to vacation any time in the immediate future??

I really dont think demand is why the prices are going up. I think its just price gauging and somebodys profiting while they can.

help Obama HELPPPPPPPP

People don't even know how much the lithium batteries costs...and not even mentioning the environmental impact of making lithium batteries...and where is most of the lithium salt available closest to USA? Bolivia, Venezuela...that's right... now put it together, see what you come up with.

mthfckng double post. delete.

Very true, but you forgot India, I think they add a few more people into the equation of how many new drivers will be out there pumping smog into the air. And even if someone doesn't believe in man made climate change, it's not just Carbon that's emitted but other pollutants that do have an effect on people. The respiratory disease rates of highly polluted cities like Mexico City and Hong Kong is higher. I think nuclear energy (obviously not in cars, though I'm sure people might start paying attention to the road if they have a fission reactor in their car) should be better utilized until even cleaner forms are more efficient.

seriously? these electric cars and using less oil sounds really nice.

but its not going to help me one lil bit until MY jeep is paid off.


because you see, it does RUN on gas.
like the zillion other cars i see people driving around my city daily. (which Im sure many of them are also making payments on a vehicle that they probably have negative equity in)

long term solutions are great...............

BUT

what is going to KEEP gas prices from soaring in the meantime???????

It's gone up that much where you're at?

It's not bad here. I'm just seeing the usual summer spike.

its went up a good $0.75 so far.

I jsut think the whole scheme is ridiculous. this should be a stable market without all the price fluctation.

we are getting ripped off. at every conceivable angle.

all sorts of sales go UP in the summer months. meat, bevs, icecream, swimming suits, flip flops, concert tickets, pool toys, WATER, sunscreen, bug spray

this is expected.
and also SHOULD NOT mean that these items suddenly becomes more expensive.

Those danm folks takin' vacations. HBO told those sonsabeaches to hunker down. Guess, the gas hikes will get 'em back down where they belong.

We all need to move to Missouri. Where the price of everything is great, jobs are bountiful, no foreclosures and there is no crime.

I don't think Obama would want gas prices to go up, even for some green agenda thing, cause higher gas prices...yes you guessed it....hurt the economy. I do think it's funny though how the oil prices love making excuses for why they make billions and billions of dollars at everyone else's expense.

It's $2.59 by me!!!!!