Americans Pay $900 More to Fill Up Their Car Under Obama

During the election, Obama admitted that Romney might be able to lower the price of gas. But the Government Class picked Obama and ordinary Americans are stuck with the tab.

Americans are paying more for gas than before, both in share of household income and in actual dollar cost.

Experts agree a variety of problems can lead to high gas prices, but the two big issues now are a lack of local supply and a weak U.S. dollar.

In order to fund deficit spending, the U.S. is printing a lot of money right now, about $85 billion a month, experts say.

“When the supply of money grows faster than the supply of oil, the ultimate result of that is that the price of oil is going to go up,” said Todd Roberson, senior lecturer at the Kelley School of Business.

Other experts said this recent spike is also due to the lack of availability of gas locally. Some of the Midwest supply has been shipped to the East Coast to help them cover for refinery closings last year.

So on the one hand, Obama is printing money like crazy. On the other hand, he’s making it difficult for energy businesses that aren’t windmills to continue functioning. Everything from pipelines to oil drilling to coal plants is being taken down by Obama Inc. which is pouring money into the companies run by its corrupt Green Energy scammer buddies while shutting down any and all forms of affordable energy competition.

And due to Obama’s reelection, there is no end in sight.

Retail gasoline, already at a record level for this time of year, hasn’t yet caught up with a steep rise in wholesale prices in 2013, the Energy Information Administration — the Energy Department’s statistical arm — said on its website late Thursday.

“Despite the significant rise in retail gasoline prices since the start of the year, a part of the even steeper rise in wholesale prices has not been fully reflected in pump prices,” the agency said in its “This Week in Petroleum” report.

And considering that the price of gasoline has a direct impact on the cost of most goods and services, Obama’s war on oil is likely to worsen his recession and raise the price that people pay for everything from a glass of milk to a package delivery.

  • SuicidePrevention

    For historical perpective on U.S. gasoline prices
    For historical perspective on U.S. crude oil production
    And finally, Daniel, who is the Shillman in Shillman fellow?

  • Mary Sue

    Not to mention the role of gas taxes. Washington's governor is insane, he wants to raise the price of gas 20 cents a gallon with a new tax!

    • SuicidePrevention

      Mary Sue,
      Gas taxes are not high enough to cover roadway costs. The shortfall is made up from general taxes.
      Roadways are subsidized by the gubment. You want the gubment out of your hair – start fixing the
      potholes yourself.

    • Daniel Greenfield

      Just wait till he starts eliminating roads like Bloomberg.

      • AdinaK

        Daniel, it bears repeating, even until the cows come home – the revolutionaries in charge WANT the economy to implode, hence its deconstruction. Everything which would help the economic engine truly improve (history has proven what works, and what doesn't) is discarded, and the printing of money out of thin air is a piece of it.
        Therefore, the conclusion is –

        Adina Kutnicki, Israel

  • SuicidePrevention

    Although US fuel taxes cover most state highways and highway patrol costs, local roads and traffic services are funded mostly through general taxes. Fuel taxes have not increased with inflation and vehicle fuel efficiency, resulting in declining revenue per vehicle-mile, as indicated in Figure 1. As a result, vehicle user fees cover a declining portion of total U.S. roadway expenses (Wachs 2003; Subsidy Scope 2009). Fuel taxes would need to approximately double to cover all roadway costs (Puentes and Prince 2003).

    • FPF

      Do you know average daily consumption of gas in the US is 367 million gallons? The fuel tax collected is 179 million dollars per day based on average national fuel tax of 48.8 cents per gallon (gasoline only for easy calculation) which results in about 65 billion dollars a year. The transportation bill debated in congress requires 253 billions over five years. Base on the above figure, the fuel tax currently collected is plenty enough to finish the job and there will be around 70 billion dollars left.
      Do you know how much of the gas tax is really used for road repairs? How much of the money is move to fund other government programs? How much of it was used to pay government employee pensions? If government can move school fund and SS fund to other inflated government programs or spent it wastefully, there's no reason why they can't use the road repair fund for wasting purposes. Sure fuel tax increased just a little bit over the years, but do you know median income has fallen over two years straight?
      If you really want to prevent suicide, find the cause of the disease instead of just spending more on the bandages and pretend it will heal by itself.

  • slider 96

    Oh give it a break daniel , gas was up to more than $4 a gallon when Bush was in office , and guess what , that was NOT Bush's fault , nor was it to his credit when the market over-corrected bringing the price to the $1.90's and then back up again . Nor is is to Obama's credit or discredit the ups and downs of gas prices .

    You're getting neurotic with your hate Obama thing . And it shows . But you didn't know that …right ?

    FDortunately you have lazy minds on this blog to suck stuff like this up .

    • SuicidePrevention

      Slider, is Daniel is getting neurotic? Maybe he just needs to earn a living. He may not
      believe what he writes. Afterall, he is a Shillman Fellow. Who is SHILLMAN?
      Is Shillman just an unfortunate name like Schatz or Fuchs? Or is it
      a play on words?

    • Daniel Greenfield

      Is there anything that you would agree Obama is responsible for?

      • slider 96

        There certainly is David , and when you come up with one , you will find me in agreement with you . But gas prices ? I dont think so . I hope you took note , that I did not blame Bush either , gas was up past 4$ under his Admin . then came down …..not his fault .No president can effect gas prices , atleast not as of yet aside from going into national Reserves which is only a temorary bandaid or starting a war . China , refineries shut down for repairs , and the mystical "Oil Company excuses" ….that's is what 's causing prices to fluctuate .

  • Parenthetical Phrase

    Obama wants gas prices to go UP, UP, UP. The Keystone Pipeline would bring them way down and provide hundreds of thousands of good paying jobs to people all over the country — including blacks. Obama doesn't want that. He owes too much to the Saudis and he hates the United States with a passion.

    • slider 96

      So that's your "analysis " huh ? " He hates the US with a passion " ? Boy you are one mixed up uninformed juvenile .
      Did you know whats holding up the pipeline in Texas ? [ yes in addition to environmentalists ] There's a lady rancher who owns 2000 feet of land which she claims her horses graze on , but which for geological or technical reasons is essential , since the pipeline which btw is already under construction , is complee on either side of her property . Go talk to her first

  • alwaysonwatch

    Less disposable cash = another blow to our economy. Period.

  • BS77

    When gas hits five or six dollars a gallon you will see some unprecedented reactions….DC is totally out of touch with the average American workers, parents, unemployed and financially strapped individuals. The high and mighty politicians live like Louis XVI 's while most Americans are struggling to pay their bills and keep their jobs.