Gas prices up anywhere else?

[50 Deluxe]

I filled up at $2.58 a gallon of E-85 while regular was $4.00 this morning. Don't believe all the lies about this product, it does not hurt the food corn crops, I get 19 MPG in my Ford 150 on regular with E-85 I get 17MPG and it seems to run better with E-85, plus it is cleaner and less of my $ is going to people who hate us. Problem is finding a station that sells E-85

[wilmot andy]

IBefore the storm I saw reports about oil barrels down to around $110 from the high of $140 something. I like how when the stock price goes up, the pump price goes up right away, but when it drops, it takes days to see anything. We have reformulated stukk here that was selliing for $3.79 a week ago, and I went to Edgerton, Wi, and gas was $3.56 for the good stuff, and its more out of the way to transport it. I just bought one of those gas guzzlers last night too, a 2004 suburban. I bought it at the same price as I could have bought a minivan, and its rated at 14-19 mpg. A minivane was rated at 16-21. For that 2-3 mpg difference, I would rather drive the suburban. I have 4 kids and a german shepherd, and I can't wait to see all those people who traded in their SUV's for those econo mini's drive in 4-6 inches of snow.

[1947PLEVY]

Our gas here in N.E. Tenn. went from $3.49 to $3.99 in a matter of hours and all the gas stations in town are out of regular. They only have premium at $4.59 a gallon. I guess I'll stay at home until it goes back down a little..

God Bless Us All... John

[RobertKB]

Neil;

Did they not explain the "IKE" was headed to Indiana and they raised gas prices in anticipation? I am sure that IKE is also responsible for increases in gas in Canada, Europe, and Austraila too.

Gas prices have gone up here in Alberta which supplies all its own oil and has its own huge refineries as well. We supply lots of gasoline elsewhere in western Canada and some north-west states. No way in hell IKE can affect oil supply here but prices at the pump have gone up at least 12 cents/litre or about 50 cents/gallon. Gouging pure and simple and like dummies we keep taking it. I hear that in some states (Georgia was one I heard of) there are actually anti-gouging laws. Wish we had that.

[Fireball]

No rapid change here in Finland because of Ike, pretty exact $7.92/gallon today for regular

[LowOiLer]

Now' date=' if the government adds extra taxes (like suggested by one candidate) to tax the profits of the oil companies, that would be counter productive. That would just increase prices a little more. No business is going to pay extra fee's or taxes and not pass that onto the consumer. So.........that idea would be a bad idea.

As a side note. Seems like people always want to blame the President for all bad things that happen in this country, regardless of who's in office at the time. The President can't control the economy or pass new laws taxes, etc. on his own. Nor can he veto congressional bills on his own. Congress has to vote on those bills, laws, taxes, etc. Even if congress submits a bill to the President and he veto's that bill, congress can over ride that veto with a 2/3rds vote. So in reality he can't veto something and always make it stick either. All these things we hear our candidates say they are going to do is just idea's they want to do. Most of those can't actually be done without congressional approval. That's why we don't have health care reform to date. It's not the past and current Presidents that have held it up, it's congress because they can't get their act together. So.........I think we should all stop blaming the President/past Presidents for things and put the blame where it belongs. That's on both houses of congress.[/quote']

One often reads talking points on how corrupt the oil companies are...

Who owns oil companies? Mostly people like you and me that have a retirement investment... What do you want your retirement investment to do? Grow profits... Taxing oil companies I agree is counter productive... If they make no profit, they have no capital to invest in future drilling operations, if they make no profit, who wants to invest in them.. with no investors... well you get the picture...

On who will try to tax more, yes Obama has admitted this, but to be fair Palin has also taxed oil company profits and that is how they get that big tax refund every year in AK...

Now this raise taxes on oil "windfall" has been done before...Carter did it ..

Was suppost to raise 400 billion in taxes, it raised 79 billion, which was deducatable so the government only collected a net of 40 billion, 15 billion of which it spent trying to collect it.

So, the windfall profits tax of Carter actually generated only 25 billion of the 400 billion in new revenue it was supposed to. You and me know what government did with that extra 25 billion it got it's hands on.

Oh, and American Oil Production slowed to a 20-year low and then our supply and demand hit the fan.