Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:32 AM

GasBuddy News Article

47
votes
No Cap on Gas Prices

WSJ -- With a little more than six months to go before Election Day and with gas prices averaging $3.90 a gallon, the president called on Congress to pass new laws to help prevent financial speculators from driving up gas prices.

Stirring words, but ones unlikely to have any impact on gas prices. The measures Mr. Obama endorsed require congressional approval, and no one expects Congress to pass any of them.

There are things Mr. Obama could do under current law to rein in manipulation. For instance, investigate oil producers, refiners and traders. A year ago, he announced a "working group" of government regulators and law-enforcement agencies that would "root out any cases of fraud and manipulation."



Read the Full Article

Submitted Apr 22, 2012 By: mobal
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: No Cap on Gas Prices Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
FunMyster
All-Star Author Indiana

Posts:909
Points:73,880
Joined:Jul 2011
Message Posted: Apr 23, 2012 9:55:06 PM

ok
Profile Pic
52MPG
Champion Author Dayton

Posts:8,930
Points:2,073,480
Joined:Apr 2006
Message Posted: Apr 23, 2012 8:07:33 PM

Politicking.
Profile Pic
dave27johnson
Champion Author Chicago

Posts:1,906
Points:690,495
Joined:Feb 2012
Message Posted: Apr 23, 2012 7:29:52 PM

Yes, he should do more to stop fraud and manipulation.
Profile Pic
gawxnative
All-Star Author Atlanta

Posts:510
Points:304,165
Joined:Aug 2006
Message Posted: Apr 23, 2012 4:12:15 PM

HMMMM
Profile Pic
sparky808
Champion Author Honolulu

Posts:4,582
Points:916,170
Joined:Sep 2011
Message Posted: Apr 23, 2012 1:39:44 PM

Thank you for posting.
Profile Pic
bowler360
Champion Author Illinois

Posts:3,559
Points:827,910
Joined:Jun 2011
Message Posted: Apr 23, 2012 9:10:26 AM

He's been lack luster at best. Time to replace.
Profile Pic
KAR120CSII
Champion Author Oregon

Posts:4,672
Points:884,410
Joined:Apr 2010
Message Posted: Apr 23, 2012 3:15:18 AM

Full article -- all there was was another paragraph. This was not worth posting.
Profile Pic
Travel1st
Champion Author Las Vegas

Posts:4,042
Points:708,965
Joined:Aug 2011
Message Posted: Apr 23, 2012 2:55:52 AM

Surprise.
Profile Pic
Agarre
Champion Author Richmond

Posts:1,640
Points:329,190
Joined:Feb 2012
Message Posted: Apr 23, 2012 12:55:28 AM

Elections time
Profile Pic
quasar502
Champion Author Lansing

Posts:5,147
Points:1,116,550
Joined:Jan 2011
Message Posted: Apr 23, 2012 12:40:04 AM

The House is the real culprit.
Profile Pic
chuckwthompson
Champion Author Charlotte

Posts:5,440
Points:910,160
Joined:Sep 2011
Message Posted: Apr 23, 2012 12:35:29 AM

Too little, too late!
Vote 2012
Profile Pic
stopforgas
Champion Author Mississippi

Posts:1,878
Points:719,785
Joined:Jun 2011
Message Posted: Apr 23, 2012 12:34:55 AM

This will piss off the Grand Oil Party.
Profile Pic
computernut2008
Champion Author Ohio

Posts:8,267
Points:1,679,040
Joined:Oct 2008
Message Posted: Apr 23, 2012 12:32:57 AM

thief
Profile Pic
vegboy
All-Star Author Massachusetts

Posts:550
Points:106,700
Joined:Feb 2012
Message Posted: Apr 23, 2012 12:32:38 AM

Stop the taxpayers money to subsidies for big oil
Profile Pic
flagman420CT
Veteran Author New Haven

Posts:291
Points:836,710
Joined:Mar 2011
Message Posted: Apr 23, 2012 12:30:29 AM

Obama is Useless!!!!!!!!!!
Profile Pic
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Apr 23, 2012 12:24:51 AM

Put a cap on tax amount, both federal & state.
Profile Pic
Digger52
Champion Author Chicago

Posts:4,021
Points:1,176,765
Joined:Aug 2008
Message Posted: Apr 23, 2012 12:24:16 AM

Right. . .
Profile Pic
hemiMI
Veteran Author Michigan

Posts:331
Points:588,330
Joined:May 2011
Message Posted: Apr 23, 2012 12:24:02 AM

All you have to do is look where this article is coming from. Can you say "spin"?.
Profile Pic
Zonk
Champion Author Michigan

Posts:8,121
Points:2,429,365
Joined:Oct 2005
Message Posted: Apr 23, 2012 12:23:49 AM

Don't expect the obama administration to do anything on this issue. Like obama, his administration is nothing but words.
Profile Pic
Matt G
Champion Author Boston

Posts:6,197
Points:3,105,375
Joined:Jun 2004
Message Posted: Apr 23, 2012 12:23:15 AM

Ok
Profile Pic
passin_gas2011
All-Star Author Ohio

Posts:806
Points:185,615
Joined:Sep 2011
Message Posted: Apr 23, 2012 12:19:15 AM

the polititions are paid off,,they get """gifts"""..from speculators,,and big oil,,,so it doesnt matter
Profile Pic
umitb
Champion Author Indianapolis

Posts:5,069
Points:1,111,425
Joined:Apr 2010
Message Posted: Apr 23, 2012 12:16:37 AM

ok
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:10,157
Points:1,962,570
Joined:Sep 2005
Message Posted: Apr 23, 2012 12:16:16 AM

Just a little late.
Profile Pic
jem069
Champion Author Detroit

Posts:3,846
Points:952,040
Joined:Jan 2011
Message Posted: Apr 23, 2012 12:15:59 AM

Ok
Profile Pic
Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Apr 23, 2012 12:15:42 AM

What a farce, too little, too late, for me.
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:4,371
Points:1,064,530
Joined:Mar 2011
Message Posted: Apr 23, 2012 12:09:49 AM

Hard to remember that Congress should be "by and for the people"
Profile Pic
ssect8
Champion Author Hartford

Posts:9,652
Points:2,387,175
Joined:Jun 2006
Message Posted: Apr 23, 2012 12:07:12 AM

NemoIL has the right idea, but it will never happen.
Profile Pic
Petrothirst
Champion Author Los Angeles

Posts:2,286
Points:418,865
Joined:Nov 2005
Message Posted: Apr 23, 2012 12:05:03 AM

"With a little more than six months before the election...",I'n asking why hasn't something happened before now? It's becaue this is just another empty campaing lie designed to get vots.
Profile Pic
69Bonne
Champion Author Gary

Posts:2,404
Points:727,265
Joined:Sep 2005
Message Posted: Apr 23, 2012 12:01:56 AM

I agree with NemoIL. That is the only way this will get resolved.
Profile Pic
Focus2
Champion Author Illinois

Posts:8,113
Points:2,025,985
Joined:Mar 2006
Message Posted: Apr 23, 2012 12:01:48 AM

Ending regulations is just what brought this country down and it was not Democrats.
Profile Pic
jci25946
Champion Author Tampa

Posts:4,900
Points:1,271,215
Joined:Jan 2006
Message Posted: Apr 23, 2012 12:00:31 AM

More smoke to look like he's doing something!!
Profile Pic
jjfisher
All-Star Author Toledo

Posts:767
Points:1,024,885
Joined:Aug 2008
Message Posted: Apr 22, 2012 11:59:08 PM

It's all about timeing, isnt' it. It's election time again.
Profile Pic
96sc1
Champion Author El Paso

Posts:8,517
Points:1,367,540
Joined:Mar 2008
Message Posted: Apr 22, 2012 11:56:34 PM

I'm sure that, come Fall, Obama will be making hay of obstructionists failing to support his proposed solution.
Profile Pic
PoohMcGoo
Champion Author Alabama

Posts:3,567
Points:1,072,535
Joined:Dec 2010
Message Posted: Apr 22, 2012 11:54:29 PM

He's desperate.
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:4,371
Points:1,064,530
Joined:Mar 2011
Message Posted: Apr 22, 2012 11:53:18 PM

Hard to remember that Congress should be "by and for the people"
Profile Pic
SandyS2
Rookie Author Ontario

Posts:22
Points:58,690
Joined:Apr 2012
Message Posted: Apr 22, 2012 11:51:27 PM

ok
Profile Pic
Focus2
Champion Author Illinois

Posts:8,113
Points:2,025,985
Joined:Mar 2006
Message Posted: Apr 22, 2012 11:51:22 PM

The CFTC hinted they were going to do something several times, going back to the Bush administration in 2008.
Profile Pic
letterchunker
Champion Author Texas

Posts:3,895
Points:979,550
Joined:Aug 2008
Message Posted: Apr 22, 2012 11:50:25 PM

There are things Mr. Obama could do under current law to rein in manipulation, but it's a joke if you think he will do anything to jeopardize getting gas prices higher so he can force his green crap down our throats.
Profile Pic
DriverofRed
Champion Author Calgary

Posts:3,652
Points:670,115
Joined:Dec 2011
Message Posted: Apr 22, 2012 11:47:18 PM

ok
Profile Pic
HYEgasCA
Champion Author Fresno

Posts:3,349
Points:1,222,350
Joined:Dec 2008
Message Posted: Apr 22, 2012 11:42:23 PM

Thats right freedom sailor!! Congress is just for the wealthy people.

Obama's for us!! He needs to take from the rich and give it you YOU and ME!! We deserve it!!They stole it anyway. Right!!

Profile Pic
mstearno
Champion Author Dayton

Posts:9,292
Points:2,033,210
Joined:Jan 2008
Message Posted: Apr 22, 2012 11:41:59 PM

capping causes shortages
causing panic
Profile Pic
Taurus1
Champion Author Ohio

Posts:4,453
Points:1,965,125
Joined:Apr 2006
Message Posted: Apr 22, 2012 11:41:34 PM

ok
Profile Pic
Fitwit
Champion Author Stockton

Posts:7,955
Points:1,664,555
Joined:May 2009
Message Posted: Apr 22, 2012 11:40:30 PM

Sure he will. When cows fly.
Profile Pic
WinderGuy
Champion Author Georgia

Posts:4,002
Points:1,218,210
Joined:Mar 2008
Message Posted: Apr 22, 2012 11:38:29 PM

Ok
Profile Pic
granitestater
Champion Author New Hampshire

Posts:10,768
Points:1,754,580
Joined:Oct 2008
Message Posted: Apr 22, 2012 11:37:51 PM

Waste of time. "Speculation" does not influence market prices. Only hard-core Marxists believe that propaganda. See here...

[Edited by: granitestater at 4/22/2012 11:39:25 PM EST]
Profile Pic
armey
Champion Author Oregon

Posts:1,305
Points:312,235
Joined:Aug 2008
Message Posted: Apr 22, 2012 11:37:43 PM

Well its about time!!
Profile Pic
freedomsailor
Champion Author Naples

Posts:3,814
Points:744,765
Joined:Oct 2011
Message Posted: Apr 22, 2012 11:36:43 PM

Congress does not work for citizens, just lobbists and big companies.
Profile Pic
HYEgasCA
Champion Author Fresno

Posts:3,349
Points:1,222,350
Joined:Dec 2008
Message Posted: Apr 22, 2012 11:32:36 PM

Can someone please tell me what this loser has done for the United States?
Profile Pic
HYEgasCA
Champion Author Fresno

Posts:3,349
Points:1,222,350
Joined:Dec 2008
Message Posted: Apr 22, 2012 11:31:44 PM

Shut-up Obama, you stupid loser!!
Profile Pic
ItsMorph
Champion Author Grand Rapids

Posts:35,433
Points:3,512,235
Joined:Mar 2004
Message Posted: Apr 22, 2012 11:30:44 PM

Yep, Barack's answer to everything: MORE government!
Post a reply Back to Topics