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Moving Past $4 Per Gallon Gas

C-SPAN - -- -

Dr. Mark Cooper of the Consumer Federation of America explains how speculation has driven up oil prices more than China's demand has.

Before most people were even aware there was an economic crisis, investment managers abandoned failing mortgage-backed securities and looked for other lucrative investments. What they settled on was oil futures.

While demand rose, supply kept pace. Yet, prices still skyrocketed. This means that the laws of supply and demand no longer applied in the oil markets the average price per barrel of crude oil increased from $31.61 in July 2004 to $137.11 in July 2008 [source: DOE]. The average cost for a gallon of regular unleaded gas in the United States grew from $1.93 to $4.09 over the same period [source: DOE].


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Submitted Feb 19, 2012 By: SkyWarnTX
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Moving Past $4 Per Gallon Gas Back to Topics
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jwalkerh
Champion Author Louisiana

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Message Posted: Feb 19, 2012 9:21:31 PM

Only time will tell...
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schatzila
Champion Author Los Angeles

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Message Posted: Feb 19, 2012 7:53:09 PM

Over my head.
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dlemma
Champion Author Wyoming

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Message Posted: Feb 19, 2012 7:03:52 PM

BS..Obama trained the ACORNA workers who sat in bank lobbies and forced mortgages. Banks did anything they could to survive what ACORN, Fannie Mae and Freddie Mac were forcing upon them.

And, what was Obama before he became a Senator from Illinois who got illegally released records against his opponent to get elected?

ACORN ORGANIZER!

WAKE UP!
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dlemma
Champion Author Wyoming

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Message Posted: Feb 19, 2012 6:57:55 PM

bull....speculation has nothing to do with it. DRILL BABY DRILL!
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Bussman
Champion Author Dallas

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Message Posted: Feb 19, 2012 5:21:08 PM

With Iran's latest moves we'll be at $4.00 per gallon by the end of the week.
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 19, 2012 3:09:24 PM

---

WALL STREET INVESTORS have moved out of FINANCIAL STOCKS into OIL FUTURES that have moved BILLIONS of DOLLARS to BUY UP OIL SUPPLIES in the form of OIL FUTURES to BET that OIL will be higher in MONTHLY BLOCKS but they NEVER TAKE DELIVERY instead SPECULATORS continuously ROLLOVER their DELIVERY DATE to the NEXT MONTH. – See this REPORT from KTLA

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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 19, 2012 3:07:42 PM

---

Dr. Mark Cooper of the Consumer Federation of America explains how speculation has driven up oil prices more than China's demand has. – C-SPAN

---
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SkyWarnTX
All-Star Author Texas

Posts:947
Points:57,185
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Message Posted: Feb 19, 2012 3:02:39 PM

---

"There's something wrong with the world today,

I don't what it is.

Something's wrong with our eyes...

---

We're seeing things in a different way,

and GOD know's it ain't HIS.

It shure ain't no surprise." – Stephen Tyler Aerosmith

---

U.S. President caught off-gaurd by $4 Gasoline Price. – See this REPORT from KTLA

---



[Edited by: SkyWarnTX at 2/19/2012 5:06:13 PM EST]
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matman01
Champion Author Detroit

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Message Posted: Feb 19, 2012 2:36:59 PM

We will be close to $5 a gallon this Summer.
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Charley_7
Veteran Author New York

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Message Posted: Feb 19, 2012 12:49:07 PM

Let's see... gasoline prices in my local area are $3.90-$4.01/gallon... It's not summer yet, when prices go much higher... Iran insanity is still there and not resolved... How does one buy oil futures?
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glorioussnookie
Champion Author Tennessee

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Message Posted: Feb 19, 2012 11:49:36 AM

SkyWarnTX had 2 really interesting links!!!!!!!!!!!

Well worth clicking on and reading!
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EZExit
Champion Author Phoenix

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Message Posted: Feb 19, 2012 11:43:14 AM

Obama and his energy secretary Dr. Steven Chu are halfway there in their plan to make fuel pricing rival those of Europe! I'll bet they can get us yet to $8 per gallon fuel, but only if you help re-elect them into another 4 year term!
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zaq001
Champion Author Atlanta

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Message Posted: Feb 19, 2012 11:11:29 AM

Crushing the US economy....
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 19, 2012 10:42:34 AM

---

Investors have moved out of Financial Stocks into OIL FUTURES Market which currently have a higher rate of return.

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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 19, 2012 10:10:54 AM

---

Dr. Mark Cooper of the Consumer Federation of America explains how speculation has driven up oil prices more than China's demand has. – C-SPAN

---
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bigmoo63
Champion Author Kalamazoo

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Message Posted: Feb 19, 2012 9:08:36 AM

The problem with prices is not with OPEC. Its in DC. The fat cats who allow Goldman Sachs and all their other benefactors to speculate on things which are not even a guarantee. If the speculator market tanks, then look out. You think 2008 was bad. This will be ten fold.
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cmptrmush
Champion Author Detroit

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Message Posted: Feb 19, 2012 9:04:43 AM

Between Greece and Iran, I am surprised $4 gas hasn't arrived sooner.
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gravityhurts
Champion Author North Carolina

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Message Posted: Feb 19, 2012 8:58:55 AM

WALL STREET INVESTORS have moved out of FINANCIAL STOCKS into OIL FUTURES that have moved BILLIONS of DOLLARS to BUY UP OIL SUPPLIES in the form of OIL FUTURES to BET that OIL will be higher in MONTHLY BLOCKS but they NEVER TAKE DELIVERY instead SPECULATORS continuously ROLLOVER their DELIVERY DATE to the NEXT MONTH. -KTLA

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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 19, 2012 8:38:16 AM

--- >> APlus

>> How can we get rid of or limit commodity speculators not actually selling or taking delivery on gas & oil?

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Get RID of the REPUBLICAN HOUSE OF REPRESENTATIVES...

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Republican OIL SPECULATORS on WALL STREET have spent the entire OBAMA presidency just trying to Manipulate the OIL Market back to George W. Bush(R)’s $4.11 Gasoline.

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OIL SPECULATORS on WALL STREET are living the REPUBLICAN DREAM...

BIG OIL REPUBLICANS don’t care about you, they just NEED your VOTE

---


[Edited by: SkyWarnTX at 2/19/2012 10:39:07 AM EST]
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FPLREP
Champion Author Virginia

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Message Posted: Feb 19, 2012 8:34:42 AM

I'm ready for a change that I believe in. I will give Obama the same answer that he gave Keystone!
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APlus
Champion Author San Antonio

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Message Posted: Feb 19, 2012 8:26:17 AM

How can we get rid of or limit commodity speculators not actually selling or taking delivery on gas & oil?
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07skydriver
Champion Author Ohio

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Message Posted: Feb 19, 2012 8:20:21 AM

And the sky is falling.
$3.04 here and with discounts it's $2.89. Whaaaaaaaaaaa!!!!!!
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w4kh
Champion Author Tennessee

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Message Posted: Feb 19, 2012 8:13:58 AM

Remember, it was a REPUBLICAN CONGRESS that repeal laws governing banks that allow for speculation in oil futures and derivatives (that caused the meltdown us "regular folks" are suffering through while the Fat Cats and subsidized Banks and Big Oiol show record profits... disgusting.
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jd4230
Champion Author Missouri

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Message Posted: Feb 19, 2012 8:13:56 AM

CHEAPER FUEL = MORE JOBS = A STRONG ECONOMY
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 19, 2012 8:13:37 AM

---

FOR THOSE UNAWARE OF HOW TO VOTE ON ARTICLES, see the below 5-Step Process:

1. Click GasBuddy Home ( at the TOP LEFT CORNER of this page ).

2. Scroll down to Top 5 Recent News\GasBuddy Blog

3. Click on "All Recent News"

4. Scroll down the page that comes up and ...

5. Feel free to PUMP UP article's that you find informative.

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mecforyou
Champion Author Iowa

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Message Posted: Feb 19, 2012 8:09:33 AM

Conserve and cut the SUBSIDES TO THE OIL CO. I don't want my tax dollars going to the VERY RICH.
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cdrrod
Champion Author Wisconsin

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Message Posted: Feb 19, 2012 8:08:49 AM

Ahhhh.. It's the American way... Just keep them prices rising and they will pay!
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dadis46
Champion Author Maryland

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Message Posted: Feb 19, 2012 7:56:25 AM

l just like the gas range around less then 2.50
people tall too much and no action
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 19, 2012 7:54:36 AM

---

U.S. President surprised by $4 Gasoline price prediction. – KTLA

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fordfan1
Champion Author Indiana

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Message Posted: Feb 19, 2012 7:52:20 AM

Obama is sure loving this!!!! This will cause more economic problems and so many more of us will be on food stamps and this is just what Obama and his crooks want!!!!!
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SkyWarnTX
All-Star Author Texas

Posts:947
Points:57,185
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Message Posted: Feb 19, 2012 7:52:13 AM

---

WALL STREET INVESTORS have moved out of FINANCIAL STOCKS into OIL FUTURES that have moved BILLIONS of DOLLARS to BUY UP OIL SUPPLIES in the form of OIL FUTURES to BET that OIL will be higher in MONTHLY BLOCKS but they NEVER TAKE DELIVERY instead SPECULATORS continuously ROLLOVER their DELIVERY DATE to the NEXT MONTH. -KTLA

---
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RAE344
Champion Author Virginia Beach

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Message Posted: Feb 19, 2012 7:51:41 AM

Not surprised. This is in our preident's master plan, to cut us off our dependence of gasoline.
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Asbury09
Champion Author Iowa

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Message Posted: Feb 19, 2012 7:50:24 AM

speculators are a very large part of the problem
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w9med
Champion Author Gary

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Message Posted: Feb 19, 2012 7:50:13 AM

Sounds like we need some regulation here. This is ridiculous
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Buckeyee
Champion Author Maine

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Message Posted: Feb 19, 2012 7:50:01 AM

Sure glad the Dept. of Energy is on top of this ! Also the new group Obama appointed last year to investigate speculators in the oil field.
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Tutootin
Champion Author Toronto

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Message Posted: Feb 19, 2012 7:47:42 AM

No surprise here!!!!
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Tiernan
Champion Author Chicago

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Message Posted: Feb 19, 2012 7:46:08 AM

Shut the speculators up! Or down...
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movietracker
All-Star Author Pennsylvania

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Message Posted: Feb 19, 2012 7:45:57 AM

As stated, no longer supply and demand but speculating to see how far investors can go.
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zonkthegreat
Champion Author San Diego

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Message Posted: Feb 19, 2012 7:45:20 AM

Love my LEAF!
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CSharpGuy
Champion Author Colorado Springs

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Message Posted: Feb 19, 2012 7:45:05 AM

If supply and demand no longer applied then someone was manipulating the market.
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SUPPER
Champion Author San Bernardino

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Message Posted: Feb 19, 2012 7:45:05 AM

Obama said chane is good so let's do it chane him
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JR57CA
All-Star Author Los Angeles

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Message Posted: Feb 19, 2012 7:42:30 AM

Got to love an election year...
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zdn
Champion Author New Jersey

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Message Posted: Feb 19, 2012 7:42:05 AM

like watching a slow game
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gasman50
Champion Author Portland

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Message Posted: Feb 19, 2012 7:41:49 AM

Ugly, very ugly.......
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ds531
Champion Author Texas

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Message Posted: Feb 19, 2012 7:41:18 AM

Ouch!
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mycar2
Champion Author Akron

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Message Posted: Feb 19, 2012 7:40:01 AM

so like before we are a captive audience, we need the gas and they can dictate the price. nothing changes
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bwatchingu
Champion Author Arkansas

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Message Posted: Feb 19, 2012 7:39:45 AM

ok
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WonderfulMI
Champion Author Michigan

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Message Posted: Feb 19, 2012 7:39:25 AM

I expect $5 when the economy is fully recovered.
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mossimo36
Champion Author St. Louis

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Message Posted: Feb 19, 2012 7:38:41 AM

Lets do something about it then!
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SilentpartnerMN
Champion Author Minnesota

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Message Posted: Feb 19, 2012 7:38:31 AM

The reports on the amount of inventory the government puts out means nothing because they are trying to base price on supply and demand. No longer a factor, it is now what speculators think is going to happen.
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