Motorists, gambling on finding a better price, are running out of gas

http://latimesblogs.latimes.com/money_co/2011/04/motorists-gambling-on-finding-a-better-price-are-running-out-of-gas.html

For the first time since the record-setting gasoline- and diesel-price summer of 2008, there has been a double-digit increase in the number of Southern California motorists gambling -- and losing -- a bet that they will find a pump price they can live with before they run out of fuel. Experts say it's a common form of rolling the dice out of anger and frustration.


That's an increase of 12.9% over the first quarter of last year, and it represents the biggest jump since the California gas-price average hit the AAA all-time-high mark of $4.61 a gallon on June 19, 2008.


if obama ever abruptly stops walking liberals noses will go 3 feet up his ass and you will break their necks

 

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How stupid do you have to be to run out of gas driving around hoping to find a station that sells the gas for 5 cents less?


This probably happened to you, didn't it bleu_errer? It would explain why you're so obsessed with the topic.

Prices dont move based on empty words like you think.


Obama has also called for cheap renewable energy and alternative fuel cars...why didnt these magically spring into existence too?


How do you explain the $4+ gas in 2008?


By the way...the stock market is up 65% since Obama took over. You must have missed alot of days of market activity.


Theres more, but whats the point huh? bad stuff is simply explained by Obama right? Floods, drought, bad hand of poker....and on and on, all Obamas fault.

That's how it applied to Bush so why not?

 

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I'll take extremely for 50 Jack.

 

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It's LA... what did you expect?

Our current 'recovery' is fragile at best. Higher gas prices are already putting a dent in the growth. 'Consumer confidence' is often touted as being critical to the economy and high gas prices put a huge damper on that.

"Each 10-cent increase in gasoline’s price takes about $1.3 billion to $1.5 billion out of consumer spending, said Craig Johnson of Customer Growth Partners.

“The consumer accounts for 71% of GDP and retail is about 43% of consumer spending,” Johnson wrote in a February report. “The last thing we need now is to send consumers and retailers back into the ditch, which is what $4-plus gasoline will do, particularly since retailers are by far the largest employment sector in the country.”

He said that gasoline prices of $4.25 a gallon could lower this year’s U.S. retail-sales growth forecast to “an anemic 2.3%” from the current 5.7% pace, potentially sending the slowly recovering U.S. economy back into recession."

http://articles.marketwatch.com/2012-03-07/industries/31131043_1_gasoline-prices-average-price-gas-prices

Go for it.

If I search your post history from 2008 I bet I can find posts of yours saying that Bush can fix the gas prices and he refuses to do so because he is in big oil's pocket.

Do it!