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Obama admin sets anather record today.

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Steve

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Gas Prices Hit Record Levels

The average price of gasoline - $3.73 a gallon - is the highest on record for this time of year

That puts prices just 38 cents short of the record for any time of the year.

The price of gas has jumped 45 cents since Jan. 1 and is the highest on record for this time of year, a national average of $3.73 a gallon. On Wall Street, talk has turned from the European debt crisis to another worry: Will higher gas prices derail the economic recovery?

The rule of thumb among economists is that a 25-cent increase in gas knocks $25 billion to $30 billion off consumer spending in a year and lowers economic growth by 0.2 percentage points,

The price of gas averaged $3.51 last year, so a move above $4 should divert $60 billion from consumer spending this year,
Last year, it drained an estimated $120 billion.


Prices have never been so high at this time of the year.

Note to economist:.. the 60 billion would be on top of the 120 billion already drained.. ($4 gas would drain 180 billion from our economy this year.). gas would have to drop below the prior years highs, to reduce prior years losses..

either way with anemic growth.. .4% is enough to throw US back into a recession..
 

TSR

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Amazing, all this, and EXXON and others are making more money than any corp. in the history of the world. Most of it from the country that made them what they are.
 

Larrry

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TSR said:
Amazing, all this, and EXXON and others are making more money than any corp. in the history of the world. Most of it from the country that made them what they are.

I got it now so your idea is Rip it fom their hands if YOU deem they were smarter than you and made more. Those pseudo tolerant left rise again
 

hypocritexposer

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TSR said:
Amazing, all this, and EXXON and others are making more money than any corp. in the history of the world. Most of it from the country that made them what they are.

Looks to me like you should be chasing the chocolate companies for some money

Capture100.png
 

Steve

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TSR said:
Amazing, all this, and EXXON and others are making more money than any corp. in the history of the world. Most of it from the country that made them what they are.

President Obama had three years to deal with them, two of which were with majority control of both houses...

but he didn't.. in fact he has done little to solve any problems.. time for real change..
 

Faster horses

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Steve said:
TSR said:
Amazing, all this, and EXXON and others are making more money than any corp. in the history of the world. Most of it from the country that made them what they are.

President Obama had three years to deal with them, two of which were with majority control of both houses...

but he didn't.. in fact he has done little to solve any problems.. time for real change..

OBAMA IS THE PROBLEM and you are right, we need CHANGE.
A whole admistration CHANGE would be just right.
 

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