Biz

America’s “Gas Price Crash” Is Almost Over

JUST IN TIME FOR THE TAX HIKES … || By FITSNEWS ||  Politicians banking on low gas prices as a hook for raising taxes on fuel (ahem) might want to pay attention to this post … According to survey publisher Trilby Lundberg, U.S. gas prices are at their lowest level since…

JUST IN TIME FOR THE TAX HIKES …

|| By FITSNEWS ||  Politicians banking on low gas prices as a hook for raising taxes on fuel (ahem) might want to pay attention to this post …

According to survey publisher Trilby Lundberg, U.S. gas prices are at their lowest level since April 2009 – but wholesale rates are beginning to inch back up.  That means those rapidly falling numbers at your local fuel station won’t be declining much further … and could start climbing again very soon.

“The street price crash is either coming to an end or is already at its bottom,” Lundberg told Reuters.

In other words you’d be wise to take revenue projections for gas tax increases (like the one proposed last week by S.C. governor Nikki Haley) with an abundance of skepticism.

This website has consistently opposed gas tax increases – especially in low income states like South Carolina where residents pay a disproportionately high percentage of their earnings on fuel.  We believe government (both state and federal) owes it to citizens and taxpayers to prioritize government functions (and specific transportation projects) before reaching into their pockets … again.

***

Related posts

Biz

Santee Cooper Proposes Rate Hike, Massive Borrowing

Will Folks
Biz

Another South Carolina Small Business Bites The Dust

Will Folks
Biz

Prioleau Alexander: The Pizza Man Cometh

E Prioleau Alexander

73 comments

FastEddy23 January 25, 2015 at 7:32 pm

No, it’s not.

Reply
1689 January 25, 2015 at 8:15 pm

Young Lundberg is trading heavily on the gravitas of his surname that he hasn’t earned.

I’ll take some of that money.

Reply
GrandTango January 25, 2015 at 8:19 pm

Until Obama is GONE…and the Democrat Party is completely out of power…expect mostly BAD news…anything good economically will be fleeting and an anomaly …

The good thing is: Low gas prices – for this short period – are a reminder of the Bush economy w/ TRUE 4.5% unemployment, rising salaries, lower taxes and American prosperity….

Reply
Sarah Failin January 25, 2015 at 10:11 pm

Haven’t you been bitching about a bad economy for years? Nothing but positive news lately and you’re still bitching. Make up your mind….you cunt (pun intended) have it both ways.

Reply
GrandTango January 26, 2015 at 8:41 am

Yeah SIX years, because the Economy has been horrible since Obama was elected. For most of Bush’s 8 years, the economy was GOOD. I did not complain about the Bush economy.

Can you comprehend that?

Reply
grandtangosuglydog January 26, 2015 at 10:13 am

Can you comprehend the economic collapse, the highest gas on record, most of the bailouts etc happened BEFORE Obama took office you friggin idiot? Dont you realize every time you make a statement like this it just reinforces the fact you are a total partisan hack idiot who ignore FACTS!!!!

Reply
GrandTango January 26, 2015 at 10:19 am

Bush inherited Clinton’s 9-11 disaster. He turned a horrible situation into one of the best US economies in the last 100 years. Obama has spent $9 Trillion in taxpayer money..and there are NO jobs, we’re being taxed to death w/ Obamacare and high energy prices (and other taxes)…while those w/ jobs have declining salaries…

Families are under assault…and common decency is at an all-time low, thanks to government intervention…

And I have not even mentioned the debacle of race relations and the terrible handling of ISIS and all the other terrorists, that Bush had all cleaned up….

Admit it..your god is false and a failure….

grandtangosuglydog January 26, 2015 at 10:30 am

Do you even read what you write ? (Still waiting on just one of your million blogs you own..just one? or did you lie about that..thats rhetorical question, we know you lied, guess facts tell the truth huh) 1; 9/11 happened under Bushs watch..you remember the guy who got memos titled..”terrorists plan to use airplanes to attack us…” and he ignored, yeah that 9/11 attack. The economy was certainly better under Clinton than Bush, again another fact, this was with the help of the GOP controlled congress though, they worked together for the betterment of our country, something your new party of religious lunatics seems incapable of doing now..why? cause they are afraid of upsetting their lunatic religous racist base (YOU!!) so have chosen obstruction and party over Country. Cheers to you asshat..liars, racist bigots like you did exactly what you said you would, choose party over country and we have all paid for it.
This proves without a doubt and using facts, that actually your god (little g) Bush , at least the way you view him, was false and a failure. He left office with a 20% approval rating, considered the worst President ever, and yet, he is a god to you. LOLOLOL

GrandTango January 26, 2015 at 11:14 am

I just write something called the TRUTH, that you have never seen before…LMAO…

Rocky January 26, 2015 at 1:11 pm

Hey Tango, God you must be drunk or something. Which, in Crapville is probably normal for Monday. Anyway – 9/11 was on September 11, 2001 – and last time I checked, the President at that time was George W Bush. Also, as I recall, GWB had a $300 billion surplus when he took over, and quickly squandered into a $400 billion deficit (a swing of about $700 billion a year). If he had started at no surplus – that means he’d have run the deficit immediately to $700 billion – in a strong economy. Now those are facts sir, and I truly hope you can fathom those. And yes sir, Iraq was a great place in 2008 when GWB left, only about 51 people dying each day due to terrorist bombins in Baghdad. So drink up buddy, it’s only 1 p.m. / you gots the whole day ahead of you.

Rakkasan January 26, 2015 at 1:50 pm

Come on. You forgot Benghazi and Ebola. Jeez. What kind of hack are you, anyway. You need to include ALL the made up problems, fake crises, and revisionist history

GrandTango January 26, 2015 at 2:02 pm

What kind of DOLT are you???…you believe all the Bull-S#!t Obama and the DNC feeds you idiots, don’t you?

Rocky January 26, 2015 at 1:07 pm

That’s funny, because I recall the housing bubble imploding, and the economy going over a cliff and the financial crisis occuring in September 2008. Let me see, who was President then – no, it wasn’t Clinton, wait, I think I got it – oh yeah – it was Senor Bush – the Amnesty lover. Hey, Grand Tango – 5.6% unemployment, and $1.95 gas. Lovin’ it baby. Lovin’ it.
And it must be that most American’s are noticing it and enjoying it because Gallup today has Obama approval at 50%. Let’s see – at this point in GWB’s second term wasn’t he like at 32% or 28%? Boy you have a warped rear-view mirror.
Gotta say it – Go Obama – the Black Ronald Reagan!!!!

Reply
GrandTango January 26, 2015 at 1:45 pm

Have you figured out the LIE you told about WHO you worked for…and then said something else the other day…LMAO…

You want me to tell you who you work for, or said…since you cannot remember…Hahahahahaha…

Rakkasan January 26, 2015 at 1:55 pm

And why the housing bubble? A lack of oversight and regulation. It was the “free market” at work–at its worst. That’s what you get, that and all the wealth held by the top 1%, who are also behind the curtains pulling all the political strings

FastEddy23 January 25, 2015 at 10:50 pm

One thing I can’t quite get behind:

The democrats are not the enemy. We all breath the same air, we all want the best for our families, our tribes, our counties, our states and our nation.

It is government that has lost it’s way.

Dealing Obama a deadly blow will not ever cure our ills, by any definitions. That would strike at the very heart of all of us.

Better, probably, would be for government and the symbols of democracy to finally admit that errors have been committed, problems have not been solved, the Constitution needs a round of applause and the basic systems of free speech, free social interchange and private, personal property need to be re-instituted.

Unless and until the “progressive” elites have come around to honor and true justice for The People of this country … then maybe Obama should continue to be held in ridicule.

The real task at hand is to deminish the bureaucracy to a point of much greater efficiencies, much more laudable goals … which I believe most Americans want, even most government employees.

Reply
Farley Chickson January 25, 2015 at 11:59 pm

Half right.Democrats are NOT our enemy…the Democrat Party is.Obama believes Radical Islam is NOT our enemy…Republicans are.

Reply
FastEddy23 January 26, 2015 at 9:20 am

It’s the “progressive” elites that are at the root of the democrat parties problems.

During the last 100 years, “progressive” policies of bigger, stupider, greedier bureaucracy, of covert enslavement and diminished private property rights … have always brought about government instituted Fascism. Mussolini tried all of Woodrow Wilson’s policies and they worked sort of, until the Nazis came and Mussolini was hung by his own. “progressive” Fascism always and forever leads to grief, gulags and graves.

Consider what Woodrow Wilson brought: the income tax, price and wage controls, private property seizures, g’ment health “care”, dramatically expanded bureaucracy, etc., etc., … and economic depression … None of which are democratic, nor Union friendly and are patently Un-Constitutional. … Now what has our Community Organizer in Chief been trying to do? … too?

Reply
The Millionaires Club January 26, 2015 at 7:49 am

Look Eddy the rich people are going to be fine.They really are.Theyre still going to make Millions and Millions.Quit worrying about them so much.I know they appreciate your concern.

Reply
FastEddy23 January 26, 2015 at 9:35 am

Yes, of course they will. That’s why they are called rich.

The one thing that will certainly level the field: a whooping big tax cut for the poor and the middle class. But first the voters must cut the head of the snake off.

Reply
Rakkasan January 26, 2015 at 8:01 am

No, that’s not the REAL task at hand. The budget and economy will never, never be fixed by tax cuts or reducing inefficiencies, waste, etc. There also has to be more revenue. Both approaches are needed and to argue otherwise is a false argument–or just ignorance

Reply
FastEddy23 January 26, 2015 at 9:31 am

Spoken like a Helot. (From the ancient Greek: a g’ment slave who does not know it.)

How is that hope and spare change working out? How many ignored budgets have come and gone? How come fed revenues are at an all time high, yet the taxsuckers are screaming for moe?

How often has the bureaucracy used the IRS as a weapon against The People?

Oh Bummer.

Reply
grandtangosuglydog January 26, 2015 at 10:38 am

Im taking ignorance for a 100 Alex…winner! although false argument is also true..dam..so many choices..

Reply
euwe max January 26, 2015 at 11:34 pm

The answer *is* (ding)

“19”

euwe max January 26, 2015 at 11:35 pm

uh…

How many caricatures does it take to make a Republican primary?

GrandTango January 26, 2015 at 8:39 am

Liberalism (Democrats) ARE the real enemy. They F*#k up everything. Conservative answers WORK. They always have. Liberals FAIL, they always have…

You cannot get to Conservative solutions w/o electing Republicans, then DEMAND they follow the platform…if they waffle, replace them w/ Platform-based (Conservative) Republicans…There is no FIXING any of this mess until we follow that prescription. It’s that simple…

The fact that you do not know who the enemy is is political naivete. You are lost until you overcome that….

Reply
FastEddy23 January 26, 2015 at 9:41 am

Total road apples, GT. Stop with the divisive pigeon holing. Stop with the name calling. The real enemy of The People, both liberal democrats, rino republicrats, neo-con conservatives and even the clueless Occupiers … Is Taxsucking Government.

Reply
GrandTango January 26, 2015 at 10:06 am

If the pigeon flies into it…it’s his HOLE..

Stop being manipulated away from being honest by people who want to deceive you. Because if you know who, and what, they are…you’d be as repulsed by them as a majority of the nation…

Rakkasan January 26, 2015 at 7:50 am

Another reminder of the Bush economy: 2 wars that your grandchildren will be paying for, an unfunded Part D Medicare with its giveaway to big Pharma paid for by the govt credit card, and tax cuts for the prosperous that have helped tremendously with wealth and income inequality. Hell of a job there, Bushie. Typical “borrow and spend” Repub (like Reagan). At least Reagan would reach across the aisle, and when he realized he was sinking the economy, passed tax increases

Reply
Farley Chickson January 26, 2015 at 7:56 am

I didn’t know Muslim Obama and Jimmy Carter used the same speech writer?

Reply
Rakkasan January 26, 2015 at 8:53 am

Yes, his name is History

Reply
Rocky January 26, 2015 at 1:03 pm

Good one.

grandtangosuglydog January 26, 2015 at 10:19 am

See..this is an example of a non fact or as its commonly known; a lie or total bullshit. This is delusion at its finest ladies and gentlemen, grab your popcorn and grab a seat..

Reply
Rakkasan January 26, 2015 at 1:45 pm

uh, which part is the non-fact? You mean the part(s) where you put your hands over your ears and go, “la la la la la”. Break it down dude, show us your best stuff

grandtangosuglydog January 26, 2015 at 1:56 pm

Non fact #1: Obama is not Muslim.
Non fact #2 obama and carter do not have the same speech writer.
He stated 2 non facts or as they are commonly known as..LIES. I posted facts. Simple huh?
You stood up for him and came out looking …well..like a dull spoon in a knife drawer..but please dont let em stop you..continue..

Rakkasan January 26, 2015 at 2:47 pm

Nope–not standing up for him, just really wanted to find out who and what you were referring to

FastEddy23 January 26, 2015 at 9:44 am

Road apples.

Reply
grandtangosuglydog January 26, 2015 at 10:18 am

No..Facts!! Look it up..it wont bite you..go on..look up what a fact is.

Reply
Smirks January 26, 2015 at 8:48 am

The good thing is: Low gas prices – for this short period – are a reminder of the Bush economy

lol wut?

$4.12/gal under Bush dawg. Prices have never gone higher than that.

Reply
You Know My Name January 26, 2015 at 8:58 am

Thank you, Smirks. I don’t know how so many seem to have forgotten that. I also recall being in a panic and having to visit multiple gas stations in order to fill my tank in latter portion of 2008 when a family member was getting radiation and chemo treatments and I was responsible for their transportation, five days a week.

Reply
Farley Chickson January 26, 2015 at 9:14 am

What a lie.Avg gas price was less than $2 a gallon late 2008-$1.80 a gallon when Muslim Obama was inaugurated in Jan of 2009.

Meanwhile, hope your family member survived and is doing well.

Reply
grandtangosuglydog January 26, 2015 at 10:21 am

this has been discussed and proven a so many times only the completly ignorant use this argument..highest prices on record, during the Bush years, the price of gas only dropped before he took office because the markets had reacted to Bush leaving office which was considered a disaster after two wars in the middle east etc..you cant ignore facts ..what are you another made up name for the grandasshatliarcoward? or just this fucking stupid?

Farley Chickson January 26, 2015 at 10:29 am

Once again you prove yourself to be the dumbest pervert on this blog.
Dishonest and a flake. What ya gonna do today-sit in front of a school and ‘peep’ on the children? Weirdo.

grandtangosuglydog January 26, 2015 at 10:33 am

ahhh the grand asshat philosophy/playbook in a nutshell: when you cant argue facts but instead make up imaginary things about people and state them as fact to try and deflect because you are incapable of making a factual argument..the tool of fucking assholes/liars/trolls everywhere..you sir have mastered it.

Farley Chickson January 26, 2015 at 10:40 am

I give you FACTS everyday.You ignore them and go off into a drug/booze induced profane rant that would make Charlie Manson proud.
Only thing you contribute to FITS is stalking GT. I only interact with you because you appear to be deranged and if i can keep you from going ‘postal’ , I am indeed a good citizen.

grandtangosuglydog January 26, 2015 at 10:43 am

prove it..show me one of your facts..just one..you mentioned gas..start there..and what you do..its got a technical medical term..its called “transference” look it up
Grandasshat..and how many names are you going to invent to upvote your own comments? LOLOLOLOL

Farley Chickson January 26, 2015 at 10:48 am

prove what?…that you are a psychotic,stalking lunatic? You have already demonstrated that as FACT.

Carry on and put those binoculars away ,dumbshit….

grandtangosuglydog January 26, 2015 at 10:55 am

so…no facts huh grandasshatliarcowardwithoutablog? im shocked..shocked i say!!

grandtangosuglydog January 26, 2015 at 10:35 am

ahhh grandasshat has to yet invent another name to try and congratulate himself and make factually inaccurate statements, otherwise known as lies to bolster his piss poor arguments…(does god like liars…hmmm? Dont think so..ooopsies gonna turn out bad for ya…)

You Know My Name January 26, 2015 at 10:45 am

You must have memory issues. I recall paying around $4 a gallon then. I even called Jim Deminted’s office to bitch and told the secretary that if the Republicans didn’t do something to bring this under control, it would bite them on the ass in November. It did, and we will be living with the consequences for two more years, also. I am not imaging having rode all over Eastern LexCo to find gas in pumps and buying $10 at a time to fill my tank.

Yes thank you, he survived and thankfully id cancer free, today.

Farley Chickson January 26, 2015 at 10:57 am

What I gave you is factual about the gas prices however the most important thing is the good news that he is cancer free!
He sounds lucky to have a friend like you.

idcydm January 26, 2015 at 10:06 am

And if Presidents really controlled the price of gas Obama would push it higher, Global Warming is the greatest threat.

Reply
Rocky January 26, 2015 at 1:02 pm

Like low unemployment had high rates of GDP growth?

Reply
Squishy123 January 25, 2015 at 9:31 pm

Hope it goes back to $3.50/ gallon. These low prices are going to start affecting my royalty checks. And as always, “look out for number one”.

Reply
FastEddy23 January 25, 2015 at 11:35 pm

You stupid Tool. Gas prices go up, middle classes costs of living go up … people get laid off.

Reply
euwe max January 25, 2015 at 10:01 pm

“When the wind is coming from the east, gas prices are at their least.”

Reply
FastEddy23 January 25, 2015 at 11:26 pm

? Did you just make that up?

Reply
euwe max January 25, 2015 at 11:45 pm

…sounds like a farmer’s almanac thing, huh?

Reply
Never let a good crisis.... January 25, 2015 at 10:05 pm

Gov’ts all over are in a race with the market to try to enact gas taxes before gas returns to a higher price.

Reply
FastEddy23 January 25, 2015 at 11:24 pm

You got it! The tax suckers consider the lower costs at the pump as an opportunity … to steal.

We should get the names of these greedy taxsuckers and Fire Them!

Reply
Bible Thumper January 25, 2015 at 10:26 pm

No one predicted the dramatic drop in prices. So we are going to believe them now when they say it is going up. I believe it will continue to drop to $40 a barrel and with have to stay there awhile to drive down shale and tar sands production. If prices do rise again to $100 per barrel, it will be because of a boom in the developing world or a huge international crisis. Even a US recovery will probably raise cleaner natural gas use not oil.
China growth drove up prices. American fracking drove it down. I don’t believe it will rise above $75 for two years. Local gasoline prices will stay below $2.40.

Reply
Farley Chickson January 25, 2015 at 10:31 pm

Former oil exec: $5-a-gallon gas on the way – USA Today
http://www.usatoday.com/…/gas-oil-five-dollar-gallon/21865975/
USA Today
6 days ago – Ex-oil exec says it will happen John Hofmeister attracted national attention in … prices would soar to $5 a gallon in 2012, thanks to rising crude. … growth continues at 2% or more, we’ll see capacity constraints during 2016, … Since retiring from Shell in 2008, he’s been actively promoting natural gas as a …

Hope you are correct?

Reply
FastEddy23 January 25, 2015 at 11:21 pm

Oil execs: hoping their pensions don’t get trashed.

Reply
Rocky January 26, 2015 at 1:02 pm

You realize that 2012 was three years ago right?

Reply
Farley Chickson January 26, 2015 at 1:07 pm

Former oil exec: $5-a-gallon gas on the way – USA Today
http://www.usatoday.com/story/money/…/gas-oil-five…/21865975/
USA Today
6 days ago

It was 6 days a go and about 2016.
Rocky you are turning into quite the liar-lying about your job,income,travel etc…I am disappointed.

Reply
Rocky January 26, 2015 at 1:11 pm

You’re posy said 2012! I have to assume you’re citing accurately.

Rocky January 26, 2015 at 1:12 pm

correction – You’re post said 2012!

FastEddy23 January 25, 2015 at 11:12 pm

FYI: the real, unfiltered, untaxed, uninflated, cost without profit, of extraction is and historically has been ~$35 per barrel. That’s the way it was going back to 1865. All of the rest is transportation, distribution, vigorish, profits, taxes, tithes and tributes … and inflation.

Now, as you noted, through technological advances and private sector efforts, the prices at the pumps have come down.

Yes, Thumper, you are correct, although we might see spikes above $2.80 at the end of summer.

(Disclosure: five generations in the oil business and I just bought another 500 shares of ConocoPhillips (COP), no kidding.)

Reply
9" January 26, 2015 at 12:01 am

‘That means the rapidly falling numbers at your local fuel station won’t be declining much further …’

You mean my local poll station.You haven’t figured out who runs this country? Go to Europe and fill up your tank.

Reply
Larry Bishop January 26, 2015 at 6:03 am

As long as there is Shale Saudi Arabia can kiss our ass. More speculators trying to get the price back up greedy fucks.

Reply
Farley Chickson January 26, 2015 at 7:34 am

Obama said he wants high energy prices-greedy fuck.

Reply
euwe max January 26, 2015 at 11:33 pm

I have a graph here that describes the trend over the past 50 years that shows that gas can’t be $1.89 a gallon!

Reply
FastEddy23 January 27, 2015 at 2:30 pm

Latest oily deal: “DRILL HERE, NOT THERE – Obama floats Atlantic plan, moves to lock down Alaska”

WT Heck? Why not piss everyone on the eastern seaboard off. That “Atlantic plan” is just Texas Towers in the Gulf Stream. A problem there, and the whole eastern seaboard gets covered with goo. … Oh Bummer!

Reply

Leave a Comment