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GasBuddy News Article

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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."



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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
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eswi
Champion Author Madison

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Message Posted: Apr 22, 2012 9:09:51 PM

OK
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tippybuddy
Champion Author Ontario

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Message Posted: Apr 22, 2012 9:07:52 PM

ok
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BMWer
Champion Author Calgary

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Message Posted: Apr 22, 2012 9:07:48 PM

Come up to Canada and pay 20% higher prices...
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gmcgas
Champion Author Atlanta

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Message Posted: Apr 22, 2012 9:06:31 PM

is it an election year or something? not sure thats the way to go anyway.
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walkingtall
Champion Author Toronto

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Message Posted: Apr 22, 2012 9:06:22 PM

We will let the markets prevail.
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DTroytNC
Veteran Author Charlotte

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Message Posted: Apr 22, 2012 9:02:17 PM

So much for free enterprise.
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Ticoman54
Champion Author Miami

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Message Posted: Apr 22, 2012 8:59:12 PM

Obama only cares about doing something about high gas prices because we're in an election year and he is feeling the heat of not getting elected. It is well documented that he has gone on record of stating that he is for high gas prices. Now, we're hearing a different rhetoric only because we're in 2012 and November is around the corner. Such blatant hypocrisy!!!

How's that CHANGE been working for you America? Are you sick of Obama yet? I AM!!!
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spunky4443
Champion Author Washington

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Message Posted: Apr 22, 2012 8:58:32 PM

Drive less, pay less.
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30mpg80
Champion Author Lexington

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Message Posted: Apr 22, 2012 8:58:29 PM

Have heard much talk, how about some action?
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roundtrip100
Champion Author Fort Wayne

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Message Posted: Apr 22, 2012 8:57:47 PM

Ok
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yeehaw1073
Champion Author Indiana

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Message Posted: Apr 22, 2012 8:54:31 PM

I see all the Obama bashing on here but I'd venture a guess Bush would be doing the same...there is less difference between them than most want to believe
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gumbyrex
Champion Author Fresno

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Message Posted: Apr 22, 2012 8:50:11 PM

A purely political move, Obama's looking for votes.
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WestMichigan
Champion Author Grand Rapids

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Message Posted: Apr 22, 2012 8:46:36 PM

ditto slowpoke63
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MOREDLEG
Champion Author Missouri

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Message Posted: Apr 22, 2012 8:46:12 PM

Let it go, accept the Obama policy that wants to keep gas prices high, Know and understand the truth, then Get him out of office.
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netman044
Champion Author Texas

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Message Posted: Apr 22, 2012 8:46:09 PM

Current administration will do what ever it thinks will gain the most votes w/o really doing anything.
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us30ride
Champion Author Fort Wayne

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Message Posted: Apr 22, 2012 8:45:27 PM

Need more competition.
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slowpoke63
Champion Author Louisiana

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Message Posted: Apr 22, 2012 8:44:15 PM

Can the hot air coming out of DC be harnessed?
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skyking19
Champion Author Little Rock

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Message Posted: Apr 22, 2012 8:44:00 PM

The guy is a flim-flam man.
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Blue48
Champion Author Illinois

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Message Posted: Apr 22, 2012 8:43:29 PM

TIME WILL TELL IF GAS PRICES COST OBAMA ANOTHER 4 YEARS!
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gsofrs
Champion Author Greensboro

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Message Posted: Apr 22, 2012 8:43:13 PM

More conservation is needed.
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ss70
Champion Author Detroit

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Message Posted: Apr 22, 2012 8:42:44 PM

we dont need caps
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tucker355
Champion Author Manitoba

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Message Posted: Apr 22, 2012 8:42:24 PM

whatever!!!
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FFootdoc12
Champion Author Illinois

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Message Posted: Apr 22, 2012 8:42:10 PM

don't we all know yet you get elected on promises not actual production
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Cashless
Champion Author Akron

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Message Posted: Apr 22, 2012 8:41:17 PM

Nothing he can do now would have me consider him for a second term. Vote the Presindent out in November.
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pickledude72
Champion Author California

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Message Posted: Apr 22, 2012 8:39:44 PM

Obummer's plan for gas and oil prices is........ Give me AirForce 1 for me and my family and 65 Secret Service personel to fly to hawaii for a vacation every six months and poo poo on the rest of you
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kosciak
Champion Author Hartford

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Message Posted: Apr 22, 2012 8:37:29 PM

ok
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theschmuck
Champion Author Michigan

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Message Posted: Apr 22, 2012 8:36:58 PM

He talks a good game but should be penalized for all the BS he spouts out. All this is for 'CAMPAIGN' fodder to make it look like he's actually trying to do something about it, a phoney from the start
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crowefamily1
All-Star Author Texas

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Message Posted: Apr 22, 2012 8:35:41 PM

get a grip people you think he really wants that to pass its just an election ploy.
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clermont40miles
Champion Author Cincinnati

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Message Posted: Apr 22, 2012 8:35:36 PM

I agree with BHO on this one. Rein in speculators.

The article explains why he is on the opposite side he normally is. He knows Congress will not pass any new laws.

Truth is he doesn't need any new laws but this emperor is used to running around in his new clothes (nothingness).

He can direct the CFTC to quit delaying and shut down speculation. But he won't because other than the negative effects on his reelection, he loves sky high energy prices across the board. He has said so many times and his actions have backed it up time and again.

.
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singlemom27
Champion Author Ventura

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Message Posted: Apr 22, 2012 8:35:03 PM

Congress won't do it because the GOP wants to make Obama look bad.
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shadyjaydee
Champion Author Trenton

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Message Posted: Apr 22, 2012 8:33:49 PM

All talk. What one party wants, the other on opposes. Don't re-elect any of them. Get all new people in congress and start from scratch
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aggietim
Champion Author Fort Worth

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Message Posted: Apr 22, 2012 8:33:28 PM

ok
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GLM4205
Champion Author Toledo

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Message Posted: Apr 22, 2012 8:32:59 PM

Get Rid Of The Speculators Now,The Republicans Won't For It Because They Have Big Oil In Their Back Pockets..
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DustyHorse
Champion Author Virginia

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Message Posted: Apr 22, 2012 8:31:18 PM

This President like high gas prices. They fit in with his green agenda. Hopefully, he will pay the price for this policy at election time.
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WilW
Champion Author Atlanta

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Message Posted: Apr 22, 2012 8:29:06 PM

Political posturing. No solution.
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jdc17327
Champion Author Pennsylvania

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Message Posted: Apr 22, 2012 8:26:12 PM

finally...I will believe it...when I...see...IT!
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Chris46
Champion Author Dayton

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Message Posted: Apr 22, 2012 8:25:23 PM

We will let the market prevail.
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rf6480
Champion Author Miami

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Message Posted: Apr 22, 2012 8:24:27 PM

Obama smoke screen.
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livedream
Champion Author Michigan

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Message Posted: Apr 22, 2012 8:20:35 PM

Too little, too late!
This should have been done more than a year ago!!
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200porter
Champion Author Toronto

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Message Posted: Apr 22, 2012 8:16:45 PM

It would be interesting if congress would pass this.
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Mowerman08
Champion Author Milwaukee

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Message Posted: Apr 22, 2012 8:16:14 PM

Talk about manipulation!
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KMaria13
Rookie Author Raleigh

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Message Posted: Apr 22, 2012 8:14:25 PM

Expecting what
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TDIdave
Champion Author California

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Message Posted: Apr 22, 2012 8:12:43 PM

ok
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farn1958
All-Star Author Twin Cities

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Message Posted: Apr 22, 2012 8:09:23 PM

Yeah Right!
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bigdipperMS
Champion Author Mississippi

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Message Posted: Apr 22, 2012 8:08:09 PM

Obama - all hat and no cattle. Promises he has but action he has not.
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Holly123
Champion Author Charlotte

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Message Posted: Apr 22, 2012 8:07:45 PM

Election day can't get here soon enough!
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DEG
Champion Author Las Vegas

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Message Posted: Apr 22, 2012 8:05:59 PM

The best way to slow the price increases would be to fire Obama this November.
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swrestler
Champion Author Grand Rapids

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Message Posted: Apr 22, 2012 8:05:25 PM

Get Rid Of The Speculators Now,The Republicans Won't For It Because They Have Big Oil In Their Back Pockets..
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mikaye
Champion Author Cleveland

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Message Posted: Apr 22, 2012 8:03:57 PM

when investigators are part of the problem they will not find cases of fraud and manipulations
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CVA19
Champion Author Salem

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Message Posted: Apr 22, 2012 8:02:19 PM

Go ahead, Obama, investigate all you want. EVERY investigation over the past couple of decades by administrations of both parties has come to the same conclusion--No collusion, no manipulation. But if it makes you feel better (which it might), and you think it will garner votes in November (which it won't), go ahead and investigate.

What a loser!
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Norm1947
Champion Author Flint

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Message Posted: Apr 22, 2012 7:59:53 PM

Agree with nobody 100%.
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nobodyMO
Champion Author Kansas City

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Message Posted: Apr 22, 2012 7:58:05 PM

just a move to get re elected
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