NC gas prices up 4 cents last week

(NEWS RELEASE FROM NORTH CAROLINA GAS PRICES.COM) - Average retail gasoline prices in North Carolina have risen 4.1 cents per gallon in the past week, averaging $2.80/g yesterday. This compares with the national average that has increased 3.1 cents per gallon in the last week to $2.88/g, according to gasoline price website NorthCarolinaGasPrices.com.

Including the change in gas prices in North Carolina during the past week, prices yesterday were 21.9 cents per gallon higher than the same day one year ago and are 4.4 cents per gallon higher than a month ago. The national average has increased 5.6 cents per gallon during the last month and stands 25.3 cents per gallon higher than this day one year ago.

About NorthCarolinaGasPrices.com

GasBuddy operates GasBuddy.com, NorthCarolinaGasPrices.com, and over 225 other local gasoline price-tracking websites that follow prices at over 125,000 gasoline stations in the United States and Canada. GasBuddy also uses Facebook (facebook.com/gasbuddy) Twitter (twitter.com/gasbuddy), and phone apps to keep motorists ahead of changing gasoline prices. GasBuddy.com was named one of Time magazine's 50 best websites and to PC World's 100 most useful websites of 2008.

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dej'a vu anyone..republicans did promise they would take the country back..I guess the gas prices are in projection of the cluster**** that will happen in January when the republicans will be controlling the house..the prices will only get higher..

further back with your crystal ball? Try 1932 Germany. Their government was printing money at such a fast pace, and it was backed by nothing, that it took a grocery bag full of marks to purchase a loaf of bread.

No Republians Then.

When Government spends more than it earns, it borrows to make up the difference. Inflation sets in.

The problem is not the supply of gasoline; there's plenty.

The problem is the declining value of the dollar in the world market. The dollar is worth less; the cost of goods increases.

End of Today's Lesson

...is that people who won't take office for two months more are somehow driving up the price of oil?

Oil is priced in dollars. When the value of a dollar slips, it takes more of them to equal a barrel of oil.

That's exactly what has been happening. The world is looking at our debt and deficit, watching the Fed print money with wild abandon, and global national banks are starting to question the future survival of the dollar as a major currency. Undermine the dollar (as we have been doing for many years, to boost exports) and everything eventually gets more expensive for people who rely on dollars. Take a look at the price of all commodities over the past four months. Inflation is starting, as it had to with our idiotic fiscal policies.

Today, for example, the dollar is rising because of fears about the Euro, Ireland, and the apparent pending Greek financial collapse that was supposed to have been resolved but apparently hasn't. Since the Euro is falling and the dollar is rising, oil is falling.

So it has nothing to do with people who aren't even in office yet.

It's all about Economics...

http://www.yuricareport.com/Energy/How%20Did%20Oil%20Prices%20Get%20so%2...

Senator Carl Levin, the Ranking Minority Member of the Senate’s Permanent Subcommittee on Investigations, released a report prepared by the minority staff that reveals why gasoline prices soared under the Bush administration. It has to do with the nation’s Strategic Petroleum Reserves (SPR) and some odd decisions by the Department of Energy (DOE) after consulting with White House officials.

According to the Senate Report, the Bush administration added forty million barrels of oil to the nation’s reserves in 2002. That wouldn’t be a problem in and of it self. But the purchases represented an extreme change in energy policy; they were made in a strong market, with a tight supply of oil, which increased demand, which in turn pushed up the gasoline prices to their highest levels in twelve years.

The Senate report said in a one-month period in mid 2002 the Bush administration purchases caused crude oil prices to soar, raising the cost of heating oil by 13%, jet fuel by 10% and diesel fuel by 8%. The bottom line was the Bush policy change cost citizens between $500 million and $1 billion.

When crude oil jumps from $20 a barrel to $30, the Senate report says, the costs to U.S. taxpayers are an additional $1 million per day. “Over three months, the additional cost of filling the SPR approached $100 million,” which will ultimately be borne by U.S. taxpayers.

Why did Bush do it? For one thing, he was advised to do it. It has to do with the secret National Energy Policy advisory group headed by Vice President Dick Cheney. Cheney has steadfastly refused to release the names of those who advised the administration on energy matters. However, according to an article published in the Sunday Herald in Scotland (October 6, 2002), by Neil Mackay, it was former Secretary of State, James Baker who personally carried an advisory report to Cheney in April of 2001. Assembled at the James A. Baker Institute for Public Policy of Rice University, the task force consisted of oil and energy executives. The report, Strategic Energy Policy Challenges for the 21st Century is referred to simply as the “Baker Report” or “report” below.

Read it and weep..

The whole incident was a momentary blip in the pricing of oil. Care to explain the prices of 2007 and early 2008? How did Republicans cause that?

BTW - what's so surprising about adding to the SPR when we had just launched a war, and were already building a case for launching another in the Mideast? Do you think that they were hedging against a repeat of 1980's tanker wars in the Straits or Hormuz, or the 1973 oil embargo?

As a man who has made a ton of money in oil, believe me when I say that the global oil market is bigger than whoever is in charge in Washington.

Bush? Obama? Bit players.

before you open your mouth. Avg. gas prices were at $1.48 in 2002 ( 8yrs. ago ) and increased to $1.59 the following year. Not exactly going thru the roof there now, is it? So what then is your point? Because it was in 2006 when the Dumbocrats took control of the House and Senate that gas prices really took a leap. And also remember that during Jimmy Carter's 4 years of screwing up this country it went from well under $2.00 a gallon to $3.40 by March 1981. Then, by that time The Great Ronald Reagan had taken office and brought it down and many other out of control prices to a level we all enjoyed up to 2006.

What the hey does Republicans have to do with the gas prices? Are you lost in space? It's the Middle East and OUR stock markets yanking those strings!!! It's MONEY and GREED at it's finest! And no easier way to get it that to take from the American citizens over a NECESSARY commodity so we can get to work and back. They will do the same thing during the cold winters when we have to heat our homes. The funny thing is we can't get the first nuclear power plant off the drawing board. We can't focus on new technology for automobile fuels. Hell, we can't even control the illegal aliens spilling over our borders OR the laws that govern it.

For some ODD reason, I remember Mr. Barack Obama beating his pulpit, while angelically looking up all awe-inspired and strongly stating, "MY first priority will be to rid the United States of America from the dependence on foreign oil!" I say BullHooie!

I haven't seen the first lick taken by him on that effort yet! It is worse than it has ever been!!! Sorry your crystal ball is all brown and cloudy from where you had it stored since he was elected!

Gas prices are up along with everything else. It is funny though, the people who paid into Social Security for years have not received a cost of living increase for two years because there is no inflation. I guess Obama will fix this by just telling us that it is not happening.

Don't fret. Obama's gonna fix it.

lol..after all, he's working sooo hard to fix all the worlds problems.