Obama gas prices facts September 17, 2012, 2 dollars more per gallon under Obama, Crimping consumer spending, Slowing already weak US economy

Obama gas prices facts September 17, 2012, 2 dollars more per gallon under Obama, Crimping consumer spending, Slowing already weak US economy

“Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”…Barack Obama 

“The price of gas has risen 2 dollars since Obama took office. This has impacted the price of consumer goods, groceries, the economy and jobs. Please explain to me how we are better off now than when Obama took office.”…Citizen Wells

“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. His heart sank as he thought of the enormous power arrayed against him, the ease with which any Party intellectual would overthrow him in debate, the subtle arguments which he would not be able to understand, much less answer. And yet he was in the right! They were wrong and he was right. The obvious, the silly, and the true had got to be defended. Truisms are true, hold on to that! The solid world exists, its laws do not change. Stones are hard, water is wet, objects unsupported fall towards the earth’s centre. With the feeling that he was speaking to O’Brien, and also that he was setting forth an important axiom, he wrote:

Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

From the Boston Globe September 16, 2012.

“Higher gas prices are crimping consumer spending and slowing the already-weak U.S. economy. And they could get worse in the coming months.

The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.

The impact of the Fed’s actions ‘‘is likely to weigh on the value of the U.S. dollar and lift commodity prices,’’ said Joseph Carson, U.S. economist at AllianceBernstein. ‘‘We would not be surprised if (it) fueled more inflation in coming months, squeezing the real income of U.S. workers.’’

Americans are already feeling pinched by high unemployment, slow wage growth and higher gas prices.

Consumers increased their spending at retail businesses by 0.9 percent in August, the Commerce Department reported Friday. But that was largely because they paid more for gas. Excluding the impact of gas prices and a sizeable increase in auto sales, retail sales rose just 0.1 percent.

Perhaps more telling is where Americans spent less. Consumers cut back on clothing, electronics and at general merchandise outlets — discretionary purchases that typically signal confidence in the economy.

Gas prices have risen more than 50 cents per gallon in the past two months. The national average was $3.87 a gallon on Friday. Most of the increase took place in August, which drove the biggest one-month increase in overall consumer prices in three years, the Labor Department said Friday in a separate report.

‘‘Consumers were not willing to spend much at the mall since they are feeling the pump price pinch,’’ said Chris Christopher, an economist at IHS Global Insight.

Weaker retail sales will likely weigh on growth in the July-September quarter. Economists at Bank of America Merrill Lynch slashed their third-quarter growth forecast to an annual rate of only 1.1 percent, down from 1.5 percent. That’s not nearly fast enough to spur more hiring, which has languished since February.

The Fed is hoping to kick-start growth with a series of bold steps announced Thursday that could make borrowing cheaper for years.

It plans to spend $40 billion a month to buy mortgage bonds to make home buying more affordable. It also pledged to keep short-term interest rates near zero through at least mid-2015.

And Fed Chairman Ben Bernanke said the Fed will continue its efforts — and intensify them if necessary — until the job market improves ‘‘substantially.’’

The announcement ignited a two-day stock market rally that sent the Dow Jones industrial average to its highest level since December 2007, the first month of the Great Recession.

But the Fed’s actions also helped move oil prices briefly above $100 a barrel Friday for the first time since May. They fell back slightly, but were still up 74 cents to $99.04 a barrel in mid-afternoon trading.

Carson noted that the Fed’s previous rounds of bond-buying pushed up commodity prices and fueled greater inflation. That weakened the ability of U.S. consumers to spend and likely slowed growth, he said.

He expects the same thing to happen again.

The Fed’s moves can push up oil prices in several ways. The Fed creates new money to pay for its mortgage bond purchases. That increases the amount of dollars in circulation and can lower their value. Oil is priced in dollars, so the price tends to rise when the dollar falls. That’s because it costs more for overseas investors to purchase dollars to buy oil.

Lower interest rates also push investors out of safer assets, such as bonds, and into riskier investments, such as oil, in hopes of a greater return. And if the Fed’s moves accelerate growth, that would increase demand for oil and gas and also raise their prices.

Higher gas prices are eating up a bigger share of Americans’ incomes than in previous years. Spending at the pump accounts for 8.2 percent of the typical family’s household income, according to Fred Rozell of the Oil Price Information Service. That’s just below last year’s 8.3 percent.

Those represent the biggest slice of household income spent on gas since 1981. The typical household spends about $342 per month on gasoline. Before gasoline prices began rising in 2004, households spent less than $200 per month, Rozell said, under 5 percent of median income.”

Read more:

http://www.boston.com/business/news/2012/09/16/rising-gas-prices-crimp-americans-spending/HYCdhf6O46tUDYlRneQ7qN/story.html

From Citizen Wells March 17, 2012.

 

Inflation has been downplayed as well. Anyone visiting a grocery store for the past several years has watched food prices skyrocket, mostly due to rising gasoline prices.

From America’s North Shore Journal March 17, 2012.

The Bureau of Labor Statistics (BLS) keeps track of the average retail price for a number of common items as a U.S. city average. Let’s take a look at a few. We used the price for the month President Obmam was inaugurated, January 2009, and the last month of data available, December 2011. The items are sorted in descending order by the percentage increase of the price during the Obama administration.

Obama Obama
Item Unit Jan 2009 Dec 2011 I/D Perc
Gasoline, unl reg gal $1.787 $3.278 $1.491 83.44%
Fuel oil, #2 gal $2.509 $3.777 $1.268 50.54%
Ground beef lb $2.357 $2.921 $0.564 23.93%
Sugar, white lb $0.569 $0.703 $0.134 23.55%
Bacon. Sliced lb $3.730 $4.550 $0.820 21.98%
Cookies, Choc chip lb $3.114 $3.682 $0.568 18.24%
Spaghetti & macaroni lb $1.131 $1.306 $0.175 15.47%
Eggs, A lrg doz $1.850 $1.874 $0.024 1.30%
Electricity kwh $0.126 $0.127 $0.001 0.79%
Lettuce, iceberg lb $0.944 $0.947 $0.003 0.32%
Milk, whole gal $3.575 $3.565 -$0.010 -0.28%
Potatoes, white lb $0.676 $0.666 -$0.010 -1.48%

CPI Food 2009-2011

http://citizenwells.wordpress.com/2012/03/17/obama-change-in-gas-and-food-prices-higher-gas-prices-threaten-economy-jobs-added-millions-of-jobs-and-job-seekers-lost-won-whip-obama-now/

Gas prices for the latest month.

Only a fool would believe that they are better off now than when Obama took office.

***  Noteworthy comment ***

“CW “Only a fool would believe that they are better off now than when Obama took office”

Citizen Wells,
Some are better off now. The Communist party of America is better off. The Islamic people are better off. China is better off. The union pensioners of General Motors are better off. The Teachers unions are much better off. The drug dealers have been supported by millions of new disabled or unemployed americans with federal money to spend, are better off. The media, taking billions in government money are better off and still talke for Obama (perhaps save the newspapers). Those whom rely upon others to work while they receive government money, including aliens, are better off.

Since taking over congress in 2007, then the Presidency and Congress in 2009, I and most Americans are not better off. We have lost most of our life’s earnings and retirements. Some have lost their homes, and many their jobs. They have trouble, after paying taxes on their lower salaries, of giving their children a chance at better education. We are now forced, unless muslem, to purchase products from the government and support government union workers as well as GM union workers while they further add burdeon to our lives. The US Constitution, US jobs, US manufacturing, US middle class, we have been thrown under the bus. The United States isn’t better off, but many democratic party special interests have made out well.”

Pete

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32 responses to “Obama gas prices facts September 17, 2012, 2 dollars more per gallon under Obama, Crimping consumer spending, Slowing already weak US economy

  1. CW “Only a fool would believe that they are better off now than when Obama took office”

    Citizen Wells,
    Some are better off now. The Communist party of America is better off. The Islamic people are better off. China is better off. The union pensioners of General Motors are better off. The Teachers unions are much better off. The drug dealers have been supported by millions of new disabled or unemployed americans with federal money to spend, are better off. The media, taking billions in government money are better off and still talke for Obama (perhaps save the newspapers). Those whom rely upon others to work while they receive government money, including aliens, are better off.

    Since taking over congress in 2007, then the Presidency and Congress in 2009, I and most Americans are not better off. We have lost most of our life’s earnings and retirements. Some have lost their homes, and many their jobs. They have trouble, after paying taxes on their lower salaries, of giving their children a chance at better education. We are now forced, unless muslem, to purchase products from the government and support government union workers as well as GM union workers while they further add burdeon to our lives. The US Constitution, US jobs, US manufacturing, US middle class, we have been thrown under the bus. The United States isn’t better off, but many democratic party special interests have made out well.

    Pete

  2. Mr. Bill(ms. helga)

    The Three Forms of Lies

    1 – Big Lies
    2 – Small Lies
    3 – Statistical Lies

  3. Pete.
    Well put!

  4. Pete.
    I added your comment to the article.

  5. Heather

    “But we here, Dr. Kate on your site have known this about barry since day 1. Too bad the rest of the world, including our own, are just now putting this together.

    He should be arrested as a traitor for this just to get him out of the WH and then have everyother charge thrown at him at once.

    Use every charge available to bring HIM to american justice.”
    • * * * * * * * * * * * * *

    The rest of the world wasn’t able to put it together, then. I began a blogtalk radio program against Obama towards the end of 2008 to warn America against bad Barry. It was appalling to me then that so many people were blinded to what was so obvious about this empty suit. Consequently I focused on the problem and came to these conclusions.
    • The average American raising a family today is focused primarily upon his/her job to support and give what the family needs. They have little time to spend researching the news in the in depth I did. They trusted MSM which highly favoured and supported Obama.

    • The strategist who had been working diligently for as many as 50 years had been succeeding in many very invisible but effective projects that prepared America to vote the way it did. Among these projects are the “dumbing down of America through a large number of Communist/Progressive teachers” and drug abuse. Another method was to place as many Progressives in politics as their money could buy. Thus the high percentage of Communists in the Democratic party.

    • They capitalized on Bush’s Iraq war of which there was no smoking gun. (That one really pissed me off, too.) They were able to use America’s anger with those Bush years to vote against McCain in a similar way I hope America’s disgust with Obama will force them to vote against him.

    • They played the race card big time. White America wanted to show the world how “non racist” is was by voting a pretend-to-be-black man. They kept pushing the idea it was HISTORICAL. “Historical” must have seemed glamorous to voters then. Since then the race card has been played in such a heavy handed way Americans of every color have gotten sick of it.

    • The problem with arresting and bringing Obama to justice is that the very people in power to do so are complicit in Obama’s treason—Justice Roberts for starters. . . .

    • Looking back, We didn’t have much choice. McCain wasn’t exactly a red hot candidate. Believe it or not I think America would not be too much better off had McCain won. In a perverse sort a way, Obama did for America what McCain would never have done—OBAMA AWAKENED AMERICA.

  6. NO WE ARE NOT BETTER OFF TODAY THAN WE WERE FOUR YEARS AGO!

    The damage done by the Obama Regime been so total and invasive, it’s going to take at least fifty years after Obummer is defeated to restore America to a Constitutional Republic. Our economy we return sooner. I am still estimating two to three years of recovery. Our is just beginning.

  7. It’s not enough that Ozero’s policies are killing off our foreign servants but now they’re responsible for going after the innocent right here at home as well:

    Family Of Mohammed Filmmaker Whisked Out Of Home In Middle Of Night By Police Officers, Now In Hiding…

    How long until some idiot in the MSM (also a part of the regime) exposes their hiding place?

    http://weaselzippers.us/2012/09/17/family-of-mohammed-filmmaker-whisked-out-of-home-in-middle-of-night-by-police-officers-now-in-hiding/

  8. WND EXCLUSIVE

    “Iran: Jerusalem Will Be Israeli ‘Graveyard'”

    “‘If Jews do not leave, there will be no other way but to bury all of its inhabitants'”

    by Reza Kahlili

    “Iranian analyst Alireza Forghani boasted today that Jerusalem, which he claims was invaded over 50 years ago by the “pig-faced” Jews, will soon become a mass “graveyard” for the Israeli people.

    Forghani, a strategy specialist in the camp of Iran’s supreme leader, Ayatollah Ali Khamenei, boasted that every city in Israel will turn into a killing ground and the longsuffering of Muslims worldwide “will be justified by the mighty Islamic Iran.” No one then will listen to the cries of the women and children of Israel, the author warned, when Jerusalem becomes “the biggest graveyard in the world.”

    Forghani has also previously penned articles that laid out the legal and religious justification for the destruction of Israel and the slaughter of its people, as well as the right of Islamic Iran to obtain the nuclear bomb.”

    Continue Reading Here: http://www.wnd.com/2012/09/iran-jerusalem-will-be-israeli-graveyard/

  9. I am flattered CW. Keep bagging the drum of reality, people will hear.

    Pete

  10. Acts of War

    http://www.trevorloudon.com/2012/09/acts-of-war/

    I find the timing of the video noteworthy and curious. Has anyone looked into who is behind the man who made it? Did anyone really look at his connections or who paid him? I would find that very interesting as this whole catastrophe has the potential of creating that ‘perfect emergency’ that Obama has been pining for. The media is claiming that Nakoula Basseley Nakoula is a Coptic Christian and has also made soft porn movies along with being a real estate agent. It is also said he has previously been convicted of bank fraud. While I have no idea if this is true, I find it convenient that a Christian is blamed for this and then further sullied by the ‘porn’ accusation. The feds are claiming he used the alias ‘Sam Bacile.’ In fact, the words ‘believed to be’ were used when he was taken into custody in an act that I can only describe as Shariah law enforcement. Did I also mention, the guy was a snitch for the feds? America, this is what electing Barack Obama has brought you. He has firmly stayed faithful to his Muslim roots.

    Do you really believe this all just ‘happened’ on 9/11? Really? The United States was warned at least 3 days prior to the attack, and by some accounts it was a week. But Hillary Clinton, Barack Obama and their minions did nothing. Unless of course you count drinking and partying abroad as Clinton does in excess and schmoozing with celebrities on Letterman and in Hollywood and Las Vegas as Barack Obama does. Our esteemed leader in chief could not even be bothered to stay awake when our Ambassador was being sodomized, tortured and murdered in a preplanned location where he should have been safe. Three others,including an ex-Navy SEAL were also killed. Obama went to bed and didn’t get briefed till the next day. Meanwhile, our NOC list was taken, outing all those who support America and her activities in that area. Well done. You can now count the lifespan of our intelligence agents that are still over there on an egg timer. Pardon me, but this all looks staged. Take a long look at a Post-American world:

  11. http://www.trevorloudon.com/2012/09/acts-of-war/

    Obama refused to answer a reporter if these were acts of war. Think of those who stand to benefit from war:

    ■Barack Obama could theoretically suspend elections in war time. And then there is the oldie, but goodie martial law. I would not put it past him.
    ■Russia and China will let Iran do their dirty work for them and then come in and pick up the pieces in the ultimate game of Risk. In their mind, they will control the countries that will fall during the war and they will also control the natural resources and wealth they possess – primarily oil and gas.
    ■Venezuela and Cuba hope to control the Americas after massive war and terror attacks. Megalomaniacs of a feather…
    ■Islam figures they will rule the world through a Caliphate and Shariah law.
    ■George Soros stands to make a literal killing as countries rise and fall. Money and power are his aphrodisiac as well as his son’s.
    There are others out there wielding power and money behind the scenes. That’s not a conspiracy – that’s just the plain truth. It has always been that way. Each believes he will win in the end and then kill the others he joined forces with to gain power. Sadly, at this point in time, Russia and China look to be the strongest and are willing to sacrifice the most people. They are also the most brutal and the strongest militarily.

    Our problem from the beginning is that we refuse to face evil. America has refused to name our enemy out of political correctness. Our enemies are radical Islam and Communism. It’s not a War on Terror – that is a symptom. Not calling our enemies out is about to get us annihilated.

    I am torn as so many of you are. My heart and soul still cries out for retribution over 9/11. I have never felt that we went after the true culprit, which is Iran. We should have finished this war back in the late 70s, early 80s. Now it threatens to engulf us and the civilized world. Our weakness is apparent and our enemies smell blood in the water. But while I suppress the urge to call for the leveling of Iran and other Islamic countries, I know that once we go there, our world will fill with blood and death. It is my belief that Obama will take us to war, not to win it, but to bolster himself politically. He secretly gloats at the thought of Israel’s destruction. He wants America to fall and is helping our enemies achieve that through acts of war.

  12. OBAMA SIGNED AWAY YOUR PROPERTY AND EVERYTHING YOU HAVE!!! HITLER HAS FINALLY ROSE HIS HEAD AND HIS NAME IS BARRAK O’SCUMA!!!

    The Link to the Video on YouTube re: Barrack Obama & the new Exectutive Order #13603.

    Please Share

  13. Presidential Documents – Executive Order 13603 of March 16, 2012

    http://www.gpo.gov/fdsys/pkg/FR-2012-03-22/pdf/2012-7019.pdf

  14. Report: Obama Regime In Talks To Transfer Blind Sheikh Omar Abdel-Rahman To Egypt…

    http://weaselzippers.us/2012/09/17/report-obama-regime-in-talks-to-transfer-blind-sheikh-omar-abdel-rahman-to-egypt/

    Oooooh….I bet THAT will stop the flag burners….yeah, right!

  15. Obama chastised: Come clean on Islam!

    He sent billions to Egypt’s radical new government. Military and financial aid to Libyan rebels who killed American diplomats. Invited the Muslim Brotherhood to the White House?

    Why, Mr. President? Why?

    See how one group is putting Obama in the hot seat in swing states, demanding he explain himself to voters.

    http://www.wnd.com/2012/09/ad-asks-obama-to-explain-muslim-connection/

  16. Jerome Corsi:

    “MSNBC trashes ‘Dreams’ documentary on Obama”

    “MSNBC’s Alex Wagner on her “Now” show today bashed Joel Gilbert’s documentary “Dreams from My Real Father,” which posits that Barack Obama’s real father was not the Kenyan goatherder, but Frank Marshall Davis, a communist party activist.

    Gilbert noted that so far MSNBC is the only television news outlet to report on his documentary, even if the report was intended to demean the film.

    “I ran the ad in the New York Post to provoke interest in the public and the media, but ironically only MSNBC had the courage – if you want to call it that – to report on the provocative ad,” Gilbert said.

    “The only time Fox News has mentioned ‘Dreams from My Real Father’ is when Megan Kelly announced it as part of a film festival taking place in Tampa, Fla., during the Republican National Convention. Hannity has not called, but he has my phone number.””

    http://www.wnd.com/2012/09/msnbc-trashes-dreams-documentary-on-obama/

  17. Mr. Bill(ms. helga)

    Good morning all –
    Just watched Cong. Allen West of Fla interviewed on FOX & Friends. In regards to Romney’s revelation that people will vote for Obama because they are unemployed and they want a handout, he quoted Alexis de Tocqueville’s famous quote –

    “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years.”

  18. Mr. Bill(ms. helga)

    PS – Folks – How old are we now?!?!

  19. Mr. Bill(ms. helga)

    PPS – “The last act of any government is to loot the treasury” – General George Washington

  20. Good morning Mr. Bill, et al.

  21. Good Morning All. If anyone could pass the following message to Mit Romney and Paul Ryan it would be appreciated.

    Dear Mit: This morning, like most mornings because my wife is a Democrat, I was half listening to NPR and they are harping on your comments that 47% of the population are dependent on government and are highly unlikely to be persuaded to vote for you. I have a suggestion for you going forward.

    You are right that there are probably 47% of population receiving government benefits. However, I would suggest that a third to half of them are the ones for whom the benefits (the safety-net) were meant to aid – the truly disabled at work, unable to work through no fault of their own, etc. Most of these folks, I would suggest, are people who would be strongly supportive of your positions because they know that the benefits they receive are being jeopardized by excessive government spending and the millions who are fraudulently signing up for benefits. If you approach the issue in terms of making programs sustainable for those who truly need the assistance it would be a stronger argument.

  22. Thanks Zach.

  23. Pete
    CW “Only a fool would believe that they are better off now than when Obama took office”

    ——————————————
    Proof.

    Obama says you are better off now then 4 year ago

    http://www.topix.com/forum/city/somerset-ky/T678QS09SHTA9GLR6

    Biden Insists America Is Better Off Today

    http://abcnews.go.com/blogs/politics/2012/09/biden-insists-america-is-better-off-today/

    Clinton defends Obama, says country better off now

    http://www.jsonline.com/newswatch/168718446.html

    Julian Castro Says Country ‘Better Off Now’ After Four Years of Obama

    http://abcnews.go.com/blogs/politics/2012/09/julian-castro-says-country-better-off-now-after-four-years-of-obama/

  24. Lawsuit filed to get Obama off Vermont ballot over birth eligibility

    http://obamareleaseyourrecords.blogspot.com/2012/09/vt-obama-ballot-challenge-filed-process.html#comment-form

    I wish there would be one case brought against Obama solely based on his use of a fraudulent SSN…the NBC cases, if they even get a couple of steps forward, always end up in the weeds with various claimed definitions by the clueless (including the judges). There’s just not enough time for all of that now. Rather there is real evidence of the use of the phony SSN/s to the point now that O’s number used, at least up to 2009, now has been completely scrubbed so it shows that it doesn’t even exist! Enough investigators though have saved the evidence that they found prior to that. Either way, this would point to O’s not being ANY kind of U.S. citizen and a felon to boot.

  25. Lawsuit filed to get Obama off Vermont ballot over birth eligibility
    Excerpts Via Sam Hemingway @ Burlington Free Press

    The losing candidate in last month’s Republican U.S. Senate primary has filed a 40-page lawsuit claiming President Barack Obama is ineligible to seek the White House and demanding his name be removed from Vermont’s election ballot.

    The lawsuit, filed by Washington, Vt., resident H. Brooke Paige, names Obama, the state of Vermont and Secretary of State James Condos as defendants. Condos, a Democrat, is named because he is the state’s top election official. …”

    …” Paige’s lawsuit indicates that it was prepared by Mario Apuzzo, a Jamesburg, N.J., lawyer who has filed a similar action in that state.

    http://obamareleaseyourrecords.blogspot.com/

  26. Obama media still cooking the poles

    CBS/NYT Poll Weights Registered Voters Dems 35%, Republicans 22%

    http://newsbusters.org/blogs/tom-blumer/2012/09/17/can-you-top-nytcbs-poll-weights-registered-voters-dems-35-republicans-22

  27. OBAMA’S LIBYA STORY UNRAVELS!… New Info Reveals Terror Attack Was Planned (Video)

    http://commieblaster.com/index.html

  28. Professor allegedly required students to sign pledge to vote for Obama and Democrats
    September 18, 2012
    The corruption of higher education in this country has reached the point where a professor allegedly sees nothing wrong with requiring students to sign a pledge to vote for Obama More

    http://www.americanthinker.com/2009/05/what_the_progressives_want.html

  29. Who would have ever guessed?

    Emails reveal Justice Dept. regularly enlists Media Matters to spin press

    http://dailycaller.com/2012/09/18/emails-reveal-justice-dept-regularly-enlists-media-matters-to-spin-press/

  30. Philo-Publius | September 18, 2012 at 10:23 am |

    Who would have ever guessed?

    Emails reveal Justice Dept. regularly enlists Media Matters to spin press

    http://dailycaller.com/2012/09/18/emails-reveal-justice-dept-regularly-enlists-media-matters-to-spin-press/

    *****************************
    They are living in Fantasy Land.

  31. Government Insanity:

    Rhode Island school district bans father-daughter, mother-son dances

    http://legalinsurrection.com/2012/09/rhode-island-school-district-bans-father-daughter-mother-son-dances/

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