The U.S. average for regular gasoline climbed to $3.523 a gallon over the last week. The price inflation is accelerating thanks to Ben Bernanke money printing. Gas prices will very likely rise to some of the highest levels ever this year.
Even in 2008, the year that average gasoline prices hit records above $4 nationally, the U.S. average didn't climb above $3.50 until April 21, according to the Energy Department's weekly survey of service stations.
greedu vulture capitalists and greedy wallstreet speculators.
ReplyDeleteThis is pure greed.
Washington needs to put a stop to this and cap the price of gas and invest heavily in green energy
Or perhaps all the money printing is the problem. If that is a viable solution why not not just cap the price of food also. There will be cheap food and gas for everyone.
DeleteWe should just make everything free. The only reason the government hasn't done this yet is because of pure greed.
DeleteI hope that's sarcasm.
Deletehuh? cap the price? you mean cause shortages and long queues - and gas station closures?
ReplyDeletegreen energy? you mean the economically infeasible scams like ethanol bio-fuel?
Greed and speculators will be a favorite theme if price inflation really takes off. The question I have is: aren't speculators always greedy? Why is it sometimes they have the ability/need to raise prices?
ReplyDeleteif the public demanded price controls Obama would deliver.
ReplyDeletelove the irony of Anon 10:33. Talks about greedy capitalist and then proposes a solution that involves crony capitalism and corporate welfareism. These are usually the same people that complain that the government is controlled by the large corps. I can also tell Anon is under 50, as anyone 50 or older remembers the debacle the last time government price controls were put in place on gasoline. LOL
ReplyDeleteEvidently some people don't understand economics or don't remember what happened in the 70'$ - cap the prices - ridiculous! How about capping presidential and congressional spending and stop the federal reserve from inflationary monetary policy and end theses insane wars!!!!
ReplyDeleteOTOH natural gas (the commodity) has been in panic selling for weeks.
ReplyDelete