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Gas Prices Are Out of (Your) Control

The Street -- It's good to be an oil-producing country, but even with the U.S. profile as an oil producer on the rise [...] other countries retain far greater influence over the ups and downs in the pain at the pump.

No, gas prices aren't out of control compared with the rest of the world, however, the past week's action in gas prices does show that gas prices remain out of your control, specifically. A spike often has nothing to do with actual consumption, little to do with dynamics in the oil market supply chain, but amounts to much ado about geopolitical risks dominating the headlines.

According to the most recent MasterCard/SpendingPulse survey, year-on-year demand for gasoline was down 4.4% from June 2011 to June 2012. Gasoline demand was down 3.2% from the year-ago level, according to ...

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Submitted Jul 28, 2012 By: brbaritone

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honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Aug 1, 2012 5:58:18 AM Ignore honda0105 Report Abuse maybe it's good they are not under your control PCWhiz
PCWHIZ All-Star Author Denver Posts:573 Points:436,925 Joined:May 2004	Message Posted: Jul 29, 2012 12:52:03 PM Ignore PCWHIZ Report Abuse I wish gas prices were in my control.
skinsfan125 Champion Author Virginia Posts:1,549 Points:279,740 Joined:Jul 2010	Message Posted: Jul 29, 2012 12:03:57 PM Ignore skinsfan125 Report Abuse gee, do you think!!!??
PurplepassionNC All-Star Author North Carolina Posts:838 Points:157,310 Joined:Mar 2012	Message Posted: Jul 29, 2012 10:36:40 AM Ignore PurplepassionNC Report Abuse Price was going down until the 4th of July. Now prices refuse to go back down...
DanMtz Champion Author Oakland Posts:3,335 Points:1,239,425 Joined:Oct 2009	Message Posted: Jul 29, 2012 10:12:22 AM Ignore DanMtz Report Abuse Now tell me something I don't know.
ClarkSC Champion Author South Carolina Posts:3,063 Points:1,008,480 Joined:May 2010	Message Posted: Jul 29, 2012 8:14:21 AM Ignore ClarkSC Report Abuse Out of control.
BEGTWO Champion Author Maryland Posts:1,927 Points:720,615 Joined:Sep 2010	Message Posted: Jul 29, 2012 7:38:38 AM Ignore BEGTWO Report Abuse Tell me something I don't know!
Bill100 Champion Author Grand Rapids Posts:41,458 Points:1,158,845 Joined:Jan 2010	Message Posted: Jul 29, 2012 6:34:17 AM Ignore Bill100 Report Abuse Gas prices have long been out of my control. What makes this newsworthy?
runinoutagas Champion Author San Bernardino Posts:10,482 Points:1,615,435 Joined:Oct 2008	Message Posted: Jul 29, 2012 1:39:28 AM Ignore runinoutagas Report Abuse LetemEatCake, don't get Your kishkes in an uproar ;) [Edited by: runinoutagas at 7/29/2012 2:44:15 AM EST]
menagerie1013 Champion Author San Diego Posts:2,365 Points:686,515 Joined:Apr 2011	Message Posted: Jul 29, 2012 1:32:03 AM Ignore menagerie1013 Report Abuse Of course it's out of our control.
alterman156 Champion Author New York Posts:7,470 Points:1,553,750 Joined:Dec 2008	Message Posted: Jul 29, 2012 12:46:17 AM Ignore alterman156 Report Abuse This is true.
TIGERPAW46 Champion Author Florida Posts:7,114 Points:1,352,710 Joined:Mar 2004	Message Posted: Jul 29, 2012 12:06:47 AM Ignore TIGERPAW46 Report Abuse 10K; Pres. Obama also said under his energy plan electric prices would skyrocket. Which if he is reelected and the green energy plan with carbon taxes etc persist will happen. Either way Gasoline prices can be kept more reasonable with appropriate controls on Exportation. Reverting back to the previous limits on Speculation on Commodities in US markets & removing US commodities from Speculative buying on European markets. Also by adequate production of oil & distillation by American Companies. Just like many oil producing countries in the World, the USA can keep petroleum prices lower in their own nation than the world market prices. Of course Canada is another nation that doesn't seem to sell to their own people cheaper than they sell to the rest of the world.
10k Champion Author North Carolina Posts:21,226 Points:2,251,095 Joined:May 2006	Message Posted: Jul 28, 2012 11:56:52 PM Ignore 10k Report Abuse cake..nobama DID say in one of his empty speeches in 2008 that the american economy could support $5/gallon gas.. the american economy can't even support $2/gallon.. [Edited by: 10k at 7/29/2012 1:03:12 AM EST]
TFowler513 Champion Author Memphis Posts:3,824 Points:1,410,510 Joined:Mar 2008	Message Posted: Jul 28, 2012 11:55:06 PM Ignore TFowler513 Report Abuse Well, duh!!!
PetroScopper Champion Author Houston Posts:6,607 Points:1,547,050 Joined:Aug 2008	Message Posted: Jul 28, 2012 11:51:19 PM Ignore PetroScopper Report Abuse Up and down constantly...
LetemEatCake Champion Author Oklahoma City Posts:5,595 Points:1,201,860 Joined:Mar 2008	Message Posted: Jul 28, 2012 11:48:01 PM Ignore LetemEatCake Report Abuse NO wait, you all said it was Obama's fault....OMG, what to believe today! Maybe the Devil made prices rise? I am verklempt! [Edited by: LetemEatCake at 7/29/2012 12:55:43 AM EST]
runinoutagas Champion Author San Bernardino Posts:10,482 Points:1,615,435 Joined:Oct 2008	Message Posted: Jul 28, 2012 11:42:59 PM Ignore runinoutagas Report Abuse They may be out of (Our) control right now; but not in November … IF the electorate have their heads about them.
N5EXY Champion Author Austin Posts:5,475 Points:1,506,565 Joined:Jul 2004	Message Posted: Jul 28, 2012 11:40:38 PM Ignore N5EXY Report Abuse Who wrote this? Dick Tracy or Sherlock Holmes?
ratones1 Champion Author Los Angeles Posts:2,897 Points:728,205 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:40:25 PM Ignore ratones1 Report Abuse of course!!!
bowler360 Champion Author Illinois Posts:1,955 Points:495,775 Joined:Jun 2011	Message Posted: Jul 28, 2012 11:36:21 PM Ignore bowler360 Report Abuse agreed.
Dailyrun Champion Author Kentucky Posts:1,962 Points:384,840 Joined:Apr 2012	Message Posted: Jul 28, 2012 11:36:15 PM Ignore Dailyrun Report Abuse True, as long as we need gas.
CheeseMan Champion Author Raleigh Posts:10,740 Points:1,775,000 Joined:Mar 2005	Message Posted: Jul 28, 2012 11:35:51 PM Ignore CheeseMan Report Abuse Amen!
ican2step Champion Author Pittsburgh Posts:1,666 Points:423,625 Joined:Feb 2012	Message Posted: Jul 28, 2012 11:33:33 PM Ignore ican2step Report Abuse Wrong! Every four years we can vote, and we can get BAD presidents out!
anascom Champion Author Hamilton Posts:1,593 Points:553,015 Joined:Feb 2011	Message Posted: Jul 28, 2012 11:30:05 PM Ignore anascom Report Abuse nothing new here!
dwh724 Champion Author Pittsburgh Posts:1,511 Points:630,925 Joined:Apr 2011	Message Posted: Jul 28, 2012 11:30:03 PM Ignore dwh724 Report Abuse Okay
boatfloyd Champion Author Jacksonville Posts:1,703 Points:385,050 Joined:Mar 2012	Message Posted: Jul 28, 2012 11:28:49 PM Ignore boatfloyd Report Abuse :(
jferrara41 All-Star Author Pennsylvania Posts:598 Points:110,665 Joined:Apr 2012	Message Posted: Jul 28, 2012 11:27:36 PM Ignore jferrara41 Report Abuse ok
ShadowACE Champion Author Boston Posts:9,003 Points:2,146,650 Joined:Jun 2006	Message Posted: Jul 28, 2012 11:27:32 PM Ignore ShadowACE Report Abuse Well damn! I've been happily rumping my way through the past several years thinking that I actually did control the price of gas, and suddenly this revalation is thrust upon me. I am SHATTERED! I can only hope that this doesn't trigger some sort of adverse reaction pr otherwise damage my psyche... Oh, cruel world...!! [Edited by: ShadowACE at 7/29/2012 12:33:00 AM EST]
Mermaan Champion Author Boston Posts:1,572 Points:421,235 Joined:Apr 2011	Message Posted: Jul 28, 2012 11:27:09 PM Ignore Mermaan Report Abuse This is painfully obvious?
joel27nc Champion Author Raleigh Posts:10,522 Points:1,855,445 Joined:Mar 2008	Message Posted: Jul 28, 2012 11:26:37 PM Ignore joel27nc Report Abuse If they were in my control, they would never go over $2/gallon!
regout Champion Author Quebec Posts:2,935 Points:828,705 Joined:May 2010	Message Posted: Jul 28, 2012 11:26:31 PM Ignore regout Report Abuse Speculators.
12766 Champion Author New York Posts:2,428 Points:1,480,390 Joined:Oct 2008	Message Posted: Jul 28, 2012 11:26:27 PM Ignore 12766 Report Abuse OK
jetskijerry Champion Author North Carolina Posts:3,881 Points:769,345 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:25:47 PM Ignore jetskijerry Report Abuse true
TonyPSU Champion Author Cleveland Posts:2,516 Points:691,280 Joined:May 2011	Message Posted: Jul 28, 2012 11:24:40 PM Ignore TonyPSU Report Abuse ok
GigHarborHound Champion Author Tacoma Posts:2,517 Points:484,490 Joined:Sep 2011	Message Posted: Jul 28, 2012 11:24:34 PM Ignore GigHarborHound Report Abuse This article is wrong!!! Gas pricesare the same!! It is just that Europeans are very heavily taxed!! This is what the DOE Director (Chue?)meant that he wanted prices her to raise to European Levels!! The only way to do that is to rais our taxes to their level!!!
kgbellman Champion Author Ann Arbor Posts:2,698 Points:728,915 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:24:31 PM Ignore kgbellman Report Abuse I agree with that
VetteFan Champion Author Indiana Posts:9,724 Points:2,025,555 Joined:Aug 2005	Message Posted: Jul 28, 2012 11:22:54 PM Ignore VetteFan Report Abuse This is nothing new.
stratlinetime Champion Author Kalamazoo Posts:2,261 Points:559,835 Joined:Feb 2011	Message Posted: Jul 28, 2012 11:21:47 PM Ignore stratlinetime Report Abuse Oooookkk
richnc All-Star Author North Carolina Posts:574 Points:209,310 Joined:Mar 2006	Message Posted: Jul 28, 2012 11:21:28 PM Ignore richnc Report Abuse its interesting what man of leisure II say's - I have a $156 cell phone bill divide by 3.5 average fill ups per month = $44.50. Sadly many - particularly our government - do not understand WANT vs NEED. We also seem to not understand cause and effect. Buy a big car = pay big gasoline bills)
Matt G Champion Author Boston Posts:4,518 Points:2,770,115 Joined:Jun 2004	Message Posted: Jul 28, 2012 11:21:03 PM Ignore Matt G Report Abuse No kidding
mtaboy Sophomore Author New Jersey Posts:191 Points:54,390 Joined:Dec 2004	Message Posted: Jul 28, 2012 11:20:49 PM Ignore mtaboy Report Abuse FOR EVERY GREEDY SPECULATOR WHO JUST DIES...THE PRICE OF GAS INCHES DOWN EVER SO SLIGHTLY...LET'S HOPE AND PRAY THAT THEY DIE BY THE THOUSANDS!!!!
CarpenterNJ Champion Author New Jersey Posts:1,227 Points:509,740 Joined:Sep 2011	Message Posted: Jul 28, 2012 11:19:10 PM Ignore CarpenterNJ Report Abuse No surprise here...
bra0712 Champion Author Arizona Posts:3,649 Points:764,795 Joined:Nov 2008	Message Posted: Jul 28, 2012 11:18:45 PM Ignore bra0712 Report Abuse Duh
Zonk Champion Author Michigan Posts:6,466 Points:2,099,090 Joined:Oct 2005	Message Posted: Jul 28, 2012 11:17:38 PM Ignore Zonk Report Abuse I knew that years ago.
livedream Champion Author Michigan Posts:3,664 Points:751,060 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:17:26 PM Ignore livedream Report Abuse While it's true we can't control gas prices -- We CAN choose to stop being ripped off by Big Oil -- BUY AN EV!
zippy452 Champion Author Cincinnati Posts:9,403 Points:1,803,075 Joined:Oct 2006	Message Posted: Jul 28, 2012 11:17:14 PM Ignore zippy452 Report Abuse Wow, really?
Dodge_Me Champion Author Atlanta Posts:2,214 Points:553,230 Joined:Mar 2006	Message Posted: Jul 28, 2012 11:16:25 PM Ignore Dodge_Me Report Abuse Duh
Vette1967 Champion Author Albany Posts:5,952 Points:1,273,075 Joined:Jun 2009	Message Posted: Jul 28, 2012 11:16:19 PM Ignore Vette1967 Report Abuse Really??
silverfoxv65 Champion Author Michigan Posts:4,465 Points:1,227,125 Joined:Sep 2009	Message Posted: Jul 28, 2012 11:15:56 PM Ignore silverfoxv65 Report Abuse Speculators have made things worse!
silverfoxv65 Champion Author Michigan Posts:4,465 Points:1,227,125 Joined:Sep 2009	Message Posted: Jul 28, 2012 11:15:12 PM Ignore silverfoxv65 Report Abuse They always have bin what is the diff.