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sendero

(28,552 posts)

20. There are lots of reasons...

Reply to kentuck (Original post)

Fri Feb 17, 2012, 07:33 PM

Feb 2012

..... among them being that people who have REAL stuff are getting leery of trading it for pieces of paper that are being printed like there is no tomorrow.

A dollar is not worth a dollar if you toss several trillion of them into the economy in a futile attempt to save a banking system that is on life support.

Expect oil, food, virtually every commodity that you use to rise in price at several percent a year until this nonsense stops, if ever.

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Why is the price of gas going up? [View all] kentuck Feb 2012 OP

Because it can. nt valerief Feb 2012 #1

exactly. shanti Feb 2012 #21

You beat me to it. nt nanabugg Feb 2012 #25

with the media greasing the skids. rurallib Feb 2012 #26

speculators? Greedy mofos? CurtEastPoint Feb 2012 #2

Greedy oil companies doing their part to kill an economic recovery liberal N proud Feb 2012 #3

I think trying to kill an economic recovery could be part of the reason why. applegrove Feb 2012 #32

Well, if more people are working & more companies are delivering goods... Bruce Wayne Feb 2012 #4

Well, I'll wager that you will not find demand up this time of year. Also, did you know that "we" theophilus Feb 2012 #34

Big oil threatened "Huge political consequences" if Obama didn't approve the pipeline. tridim Feb 2012 #5

This message was self-deleted by its author pampango Feb 2012 #6

Because they can Politicalboi Feb 2012 #7

Tax refunds are on the way. greendog Feb 2012 #8

Consumption worldwide is in decline, Magoo48 Feb 2012 #9

we need to bypass oil altogether Rosa Luxemburg Feb 2012 #17

Very true. Unfortuantely we can't bypass oil this year or next or even in a decade... spin Feb 2012 #33

we're down to 3.19 here about 30 miles north of Detroit. notadmblnd Feb 2012 #10

We just went above 3.00 per gal for regular... kentuck Feb 2012 #11

3.80 here in S.E. Conn NutmegYankee Feb 2012 #31

Spring is coming Texasgal Feb 2012 #12

It did this last winter. Up in the winter.....down in the spring.... theophilus Feb 2012 #35

Some, no but the speculators are, sort of, and partly FarCenter Feb 2012 #13

I thought prices would go down after Iraq. pwb Feb 2012 #14

Oil is $120 a barrel Spider Jerusalem Feb 2012 #15

It's not because of increased usage in the US Yo_Mama Feb 2012 #16

Record exports of refined gasoline and diesel leaving the market for overseas. Ikonoklast Feb 2012 #18

We import the crude, refine it, and ship the refined gasoline and diesel to other countries FarCenter Feb 2012 #22

not really Spider Jerusalem Feb 2012 #23

Oil cos are doing it to derail Ilsa Feb 2012 #19

There are lots of reasons... sendero Feb 2012 #20

I think it's Iran. n/t jenmito Feb 2012 #24

Because they want to point their finger at Mr. Obama and yell "IT'S HIS FAULT". Booster Feb 2012 #27

We all paid way too little for way too long Ron Green Feb 2012 #28

Speculation by 5 investment banks "betting" on the future price of oil Samantha Feb 2012 #29

I think this is the major reason... kentuck Feb 2012 #30

Its greed by the big oil companies madokie Feb 2012 #36

Because walking to work is a drag taterguy Feb 2012 #37