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06-24-2012 02:14 PM |
Quote:
Posted by Guest
(Post 510848)
Careful on your facts....the highest average price for regular gas was in July 2008 under George W Bush. $4.11 per gal. Yes it did drop for a while, but that is the nature of the market. The fact is the price of gas climbed through out Bushes tenure as President. Here is the link to the facts.
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Gasoline prices are not due to which party is in office in the White House. The prices are rising and falling on the actions of speculators on Wall Street as well as demand and supply of oil.
If there are major storms in the Gulf of Mexico, oil prices will go up as supply may go down if the oil drilling platforms may have to close down for a while. If there are major tensions in the MidEast and one of the OPEC countries is involved, prices may rise due to the instability. When the euro currency is in major flux, prices may rise. When none is this is a major concern, prices will come down.
Oil companies have continued to make record profits - and still pay very little percentage of their profits in taxes.
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