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THIS CHART IMPLIES SOMETHING VERY TROUBLING ABOUT THE PRICE OF GAS

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This is from The Blaze.

 

With Obama being reelected gas prices will climb higher.

 

Crude oil prices account for about 66 percent of the price of gasoline, according to the U.S. Energy Information Administration.

Granted, other factors play a role in deciding the price we pay at the pump, including taxes and the cost of distribution, but it’s clear that the price of crude directly affects the price of gasoline.

As crude oil increases in price, the price of gasoline tends to increase. Likewise, when markets are calm and the price of crude oil decreases, the price of gasoline decreases.

With that in mind, take a look at the following chart and try to make sense of what’s going on:

Does this crude oil chart suggest price gouging?

The price of gas is represented by the light grey line and the price of oil by the dark black line (courtesy Zero Hedge, UBS, WSJ)

See that? Although the price of crude has fallen in recent months, as the above chart clearly indicates, the price of gasoline remains at a record high.

“Anecdotally, it feels like when oil prices rise, gas prices at the pump rise; but when turmoil pauses in global geo-politics – or some entity decides that high oil prices just will not do for the world’s economy – gas prices at the pump seem not to drop so quickly,” writers are Zero Hedge note.

“Yes there are pipeline, inventory (and even tax) issues but the following chart suggests ‘gouging’ on a national level,” they add.

It’s also worth noting that what we’re seeing today with the price of gasoline and crude is eerily similar to what we saw right before the economic collapse of 2008.

 

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NOT JUST GAS! CHECK OUT THE DRASTIC PRICE INCREASES ON THESE 21 EVERYDAY ITEMS

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This is from The Blaze.

Reelect Obama and we will competing with the cows for grass and hay.

Tuesday’s presidential debate touched on some massive economic issues that are affecting all Americans. The immense increase in gas prices was a crucial part of the discussion, but have other everyday products seen a drastic increased in price over the same time period?  According to Blaze research on data provided by the the Bureau of Labor Statistics* gas prices are not alone in skyrocketing over the last decade.  Wait till you see chocolate chip cookies!

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: Shutterstock.com)

GASOLINE [ALL TYPES]

2002 Average – $1.44
2012  Average- $3.73
Percent Increase:

158%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo Credit: beerpongbrackets.com)

BEER [PER 16 OZ.]

2002 Average – $.99
2012 Average-$1.24
Percent Increase: 

25%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

( Photo Credit: thedailygreen.com)

EGGS, GRADE A, LARGE [PER DOZ.]

2002 Average – $1.03
2012 Average-$1.80
Percent Increase:

73%

 

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo Credit: military.com)

What Was The Price Of These 21 Everyday Items 10 Years Ago?

 (Photo Credit: thedailygreen.com)

COFFEE, GROUND ROAST, ALL SIZES [PER LB.]

2002 Average – $2.92
2012 Average-$5.58
Percent Increase:

90%

 

What Was The Price Of These 21 Everyday Items 10 Years Ago?

 (Photo Credit: thedailygreen.com)

 PEANUT BUTTER [PER LB.]

2002 Average – $1.96
2012 Average-$2.75
Percent Increase:

40%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

 (Photo Credit: milk.com)

MILK, FRESH, WHOLE, FORTIFIED [PER GAL.]

2002 Average – $2.75
2012 Average-$3.47
Percent Increase:

26%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo Credit: thedailygreen.com)

LOAF OF BREAD, WHITE

2002 Average – $1.01
2012 Average-$1.41
Percent Increase:

 39%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: Shutterstock.com)

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: rawstock.com)

SPAGHETTI AND MACARONI [PER LB.]

2002 Average – $0.91
2012 Average-$1.32
Percent Increase:

 

44%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: Shutterstock.com)

ORANGE JUICE [PER 16OZ.]

2002 Average – $1.84
2012 Average-$2.69
Percent Increase:

46%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: Shutterstock.com)

APPLE, RED DELICIOUS [PER LB.]

2002 Average – $0.94
2012 Average-$1.35
Percent Increase:

43%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: Shutterstock.com)

WINE [PER 1 LITER]

2002 Average – $6.23 
2012 Average-$10.03
Percent Increase:

60%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: electricvolt.com)

ELECTRICITY [KILOWATT/ HOUR]

2002 Average – $.091
2012 Average-$.130
Percent Increase:

42%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: Shutterstock.com)

BEEF STEAKS [PER 16 OZ.]

2002 Average – $4.40
2012 Average-$6.22
Percent Increase: 

41%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: Shutterstock.com)

MARGARINE,SOFT, TUBS  [PER LB.]

2002 Average – $o.86
2012 Average-$2.09
Percent Increase:

143% 

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: thedailygreen.com)

TOMATOES [PER LB.]

2002 Average – $1.18
2012 Average-$1.44
Percent Increase: 

22%

 

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: thedailygreen.com)

TURKEY, WHOLE [PER LB.]

2002 Average – $1.05
2012 Average-$1.65
Percent Increase: 

56%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: baconnation.com)

BACON [PER LB.]

2002 Average – $3.23
2012 Average-$4.52
Percent Increase:

39%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: beefproducers.com)

GROUND BEEF [PER LB.]

2002 Average – $2.28
2012 Average-$3.69
Percent Increase:

61%

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: americanpreppersnetwork.com)

COOKIES, CHOCOLATE CHIP [PER LB.]

2002 Average – $2.59
2012 Average-$3.61
Percent Increase: 

39%

 

BUT HAVE NO FEAR, STRAWBERRIES HAVE ONLY INCREASED BY 1 ¢ PER PINT!

What Was The Price Of These 21 Everyday Items 10 Years Ago?

(Photo: thedailygreen.com)

STRAWBERRIES [DRY PINT]

2002 Average – $1.70
2012 Average-$1.71
Percent Increase:

.006%

 

California Gas Prices Force Some Station Owners to Shut Pumps

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This is from Good Morning America.

Here are some more reasons for the increased gas prices.

No new refineries have been built since the seventies.

Obama’s moratorium on oil drilling and exploration.

The loony  environmental laws of Kalifornia requiring special blends.

Soaring gas prices across California have forced some station owners to shut off their pumps while people change their driving habits or, in some cases, avoid driving all together.

A gallon of regular gas was $5.69 Thursday in Calabasas, while a gallon of super costs $5.89 with cash and $5.99 with credit. Such prices are causing pain at the pump for many drivers who might see an 11-cent increase by later this morning, which means some could be paying more than $6 a gallon.

The high price of gas is simply not worth it for some mostly independent gas station owners who’d rather stop selling gas and ride out the prices that cut too deeply into their profit margins.

Low-P station owner Tanya Barkhordar hopes the customers don’t blame her for the price hike.

“This is what I love,” said Barkhordar, who’s open for business after closing for a day because she couldn’t get gasoline from a refinery. “We’re sorry it’s not our fault. We have no choice.”

Recent refinery fires in the state and pipeline problems are the culprits behind the high prices that are causing California reserves to hit a 10-year low.

The national average is up to $3.78 per gallon, but prices are topping $4 a gallon in many states. In Washington State, residents are faced with an average price of $4.03. In the Northeast, those living in New York and Connecticut are paying an average of $4.10.

No one is feeling it worse than those in California, where gas is up 45 cents from a year ago.

“This is the worst it’s ever been,” station-owner Barkhordar said. “These are the highest gas prices we’ve ever had.”

Analysts predict that relief is in sight and prices will bottom out near $3.50 a gallon by Thanksgiving, which is one of the busiest times for traveling.

“It’s a really terrible week for gas prices and the worst week we have ever had in October that I can remember,” Marie Montgomery of the Automobile Club of Southern California said.

ABC News affiliate KABC-TV and Survey USA conducted a poll that found 47 percent of people were driving less and 17 percent were eating out less so they can afford the expensive gasoline. For the elderly on a fixed income, it’s a dire situation.

“We only go out when we have to,” Marilyn Sklar told KABC. “We only use the gas when we have to go and do our errands and that’s it. It’s a terrible situation when you’re on a fixed income.”

Those looking for the cheapest gas in their respective areas should check with a website called GasBuddy.com.

Gasoline Prices More than Double Under Obama: $1.84 to $3.85

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This is from CNSNews.

Is this what Obama meant with his Hope and Change slogan?

I think the slogan was there is No Hope for Having any Change left.

Raising fuel prices hit all of us on fixed incomes hard.

Higher fuel prices affect our daughters education.

We home school and higher fuel prices decrease our field trips.

Higher fuel prices increase food prices,and anything delivered by vehicles.

 

CNSNews.com) – Average retail gasoline prices have more than doubled under President Obama, according to government statistics, rising from $1.84 per gallon to $3.85 per gallon.

The average gasoline price is calculated by the Energy Information Agency, and shows that over the past 43 months of President Obama’s term retail gasoline prices have more than doubled, rising from an average of $1.84 per gallon to $3.85 per gallon.

Rising gasoline prices were particularly prevalent in August, which saw a 9.0 percent rise in the Consumer Price Index (CPI) for gasoline, a rise that almost entirely accounts for the general increase in prices seen by families across the country over the past month.

In other words, the recent spike in prices for all goods – tracked by the government’s Consumer Price Index – can be almost entirely accounted for by the rise in gasoline prices. Prices in the economy rose by 0.6 percent overall in August.

“The seasonally adjusted increase in the all items index was the largest since June 2009. About 80 percent of the increase was accounted for by the gasoline index, which rose 9.0 percent and was the major factor in the energy index rising sharply in August after declining in each of the four previous months,” the Bureau of Labor Statistics said in a press release announcing the new CPI figures for August.

Over the past twelve months, general prices have risen 1.7 percent, BLS reported.

CPI is a measure of the average change in prices for goods and services in the economy seen by consumers – making it the leading indicator of the inflation experienced directly by consumers throughout the country.

 

 

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