Comments on: Gas Prices May Stall The Economic Recovery

Mortgage Rates Also On The Rise, Slowing Needed Spending Just As The Economy Begins To Wake Up

[gunnyh1]

Wow, people still will believe anything they see or hear. The price of oil has risen due to oil speculation plain and simple. Of course the big banks that received all kinds of money from the government and in turn pay off the politicians with things called campaign donations...these banks want to divert attention and blame it on everything such as the "weak dollar" and any other lie they can put out there. We are being ripped off by these bankers that "buy" oil on paper only with no intention of taking delivery only to "trade" it to another banker to drive the price up....they are making money on nothing more then speculation....speculation that was DE regulated in 2006 under US Treasury Secretary Henry Paulson (former CEO of Goldman Sachs). Oil futures trading needs to be immeditately RE regulated but our Congress and President could care less because they are being PAID OFF! If they ignore this and let it continue then they are nothing but CORRUPT.

[walt1944]

There is a concern that higher gas prices, together with higher prices for everything else, will slow what is turning out to be a CORPORATE economic recovery, NOT an economic recovery for the average out-of-work person.

We are being given the same old reasons as to why prices are going up. Gas is going up because oil companies are making "summer blends". Because fuel prices are going up, it costs more to get items to the stores, who naturally, pass this cost on to the consumer. God forbid it should affect THEIR bottom line! Mortgage rates are going up because it costs more for bankers and mortgage brokers to climb into their cars and drive to work, and this cost too is being passed on to the consumer. God forbid it should eat into their zillion dollar salaries!!!

We consumers know the REAL REASONS why prices are going up!

GREED ON Wall STREET!!

THE FED PRINTING BILLIONS OF DOLLARS OF WORTHLESS PAPER!!!

And Obama and his crew of "advisors" can't seem to figure it all out!!!

This is CHANGE??? Or more like George W. Bush's 3rd term???

HAIL OBAMA?????

[despido]

Oil is valued in dollars, as the dollar falls in value the price of oil rises. Its not rocket science - or a conspiracy. Obama's massive increase in debt worries dollar investors (those that loan money to the U.S.) so the dollar fell - oil rose. This demand for debt has now caused interest rates to rise, which will temporarily increase demand and support the dollar. AS the dollar rises oil prices will now begin to fall - but only temporarily. The huge and ever-expanding debt is much more of a threat, the resulting higher interest rates will push up mortgage costs - killing the 'recovery' is a real risk.

[nolies74621]

I was stationed in Italy in 1988. And even back then, gas there was $6.50 a gallon.
Posted by charlie929 at 6:35 AM : Jun 15, 2009
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It stiil is. I am living in Germany, gas is 1.39 Euro a liter, that is about 6 dollars a gallon. I work for the DOD and buy my gas through AAFES and I am paying about 2.44 a gallon, but the tax on gas is what raises the cost..you know the Value Added Tax that all European countries have to pay for their socialized health care. Is'nt there a Value Added Tax being lauded by BHO? Get ready America, socialism aint cheap.

[DaVicar5]

Why can't competition and free enterprise come up with a competitive alternative? Why does it need the government's god damned welfare? -------------- Posted by charlie929



Which form a free enterprise are you talking about? The Government owned banks, the government owned car companies, or the government owned mortgage industry?

[DaVicar5]

Even today the government is dragging its feet as oil executives are strangling us economically and literally. ----------------- Posted by quickly101



Those Oil Executives happen to be in Al-Bama's back pocket - the apple doesn't fall far from the candy factory, Quick.

[DaVicar5]

"Al Pankin's U.S. Auto School has been teaching Brooklyn how to drive for 65 years - or since gas was 36 cents a gallon"




- Funny, I though Al Pankin was trying to steal a Senate Seat in Minnesota?

[quickly101]

We are addicted to oil. What do you expect? The big oil companies need more tax breaks according to republicans. We should have weaned ourselves off of oil by now, we have only had 35 years since the first Arab oil embargo in 1974. Our government should have started weaning us from oil way back then and investing in alternative energy sources then. Even today the government is dragging its feet as oil executives are strangling us economically and literally. But you gas hogs keep right on buying those big 40,000k king cabs to drive to the golf course and around town.

[DaVicar5]

The ones in the shadows.. the one that live in the swamp.. and eat mosquitos. The weirdos and the creeps that think they're cool.. ---------------- Posted by charlie929



The Swamp Creeps are running the Country?
How come the swamp creeps weren't running the Country when President Bush was in office?

[DaVicar5]

Obama is making all his oil freinds rich. ---------------- Posted by mrs_trepidatious



Just like we warned them back in November, Mrs. Trepidatious . . .but they wouldn't listen!