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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."



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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
FunMyster
All-Star Author Indiana

Posts:912
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Message Posted: Apr 23, 2012 8:55:06 PM

ok
52MPG
Champion Author Dayton

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Message Posted: Apr 23, 2012 7:07:33 PM

Politicking.
dave27johnson
Champion Author Chicago

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Message Posted: Apr 23, 2012 6:29:52 PM

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

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Message Posted: Apr 23, 2012 3:12:15 PM

HMMMM
sparky808
Champion Author Honolulu

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Message Posted: Apr 23, 2012 12:39:44 PM

Thank you for posting.
bowler360
Champion Author Illinois

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Message Posted: Apr 23, 2012 8:10:26 AM

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

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Message Posted: Apr 23, 2012 2:15:18 AM

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

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Message Posted: Apr 23, 2012 1:55:52 AM

Surprise.
Agarre
Champion Author Richmond

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Message Posted: Apr 22, 2012 11:55:28 PM

Elections time
quasar502
Champion Author Lansing

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Message Posted: Apr 22, 2012 11:40:04 PM

The House is the real culprit.
chuckwthompson
Champion Author Charlotte

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Message Posted: Apr 22, 2012 11:35:29 PM

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

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Message Posted: Apr 22, 2012 11:34:55 PM

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

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Message Posted: Apr 22, 2012 11:32:57 PM

thief
vegboy
All-Star Author Massachusetts

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Message Posted: Apr 22, 2012 11:32:38 PM

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

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Message Posted: Apr 22, 2012 11:30:29 PM

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

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Message Posted: Apr 22, 2012 11:24:51 PM

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

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Message Posted: Apr 22, 2012 11:24:16 PM

Right. . .
hemiMI
Veteran Author Michigan

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Message Posted: Apr 22, 2012 11:24:02 PM

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

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Message Posted: Apr 22, 2012 11:23:49 PM

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

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Message Posted: Apr 22, 2012 11:23:15 PM

Ok
passin_gas2011
All-Star Author Ohio

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Message Posted: Apr 22, 2012 11:19:15 PM

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

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Message Posted: Apr 22, 2012 11:16:37 PM

ok
unicornpmb
Champion Author Buffalo

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Message Posted: Apr 22, 2012 11:16:16 PM

Just a little late.
jem069
Champion Author Detroit

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Message Posted: Apr 22, 2012 11:15:59 PM

Ok
Blue_Cruzer
Champion Author Lexington

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Message Posted: Apr 22, 2012 11:15:42 PM

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

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Message Posted: Apr 22, 2012 11:09:49 PM

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

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Message Posted: Apr 22, 2012 11:07:12 PM

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

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Message Posted: Apr 22, 2012 11:05:03 PM

"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.
69Bonne
Champion Author Gary

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Message Posted: Apr 22, 2012 11:01:56 PM

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

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Message Posted: Apr 22, 2012 11:01:48 PM

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

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Message Posted: Apr 22, 2012 11:00:31 PM

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

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Message Posted: Apr 22, 2012 10:59:08 PM

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

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Message Posted: Apr 22, 2012 10:56:34 PM

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

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Message Posted: Apr 22, 2012 10:54:29 PM

He's desperate.
kgbellman
Champion Author Ann Arbor

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Message Posted: Apr 22, 2012 10:53:18 PM

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

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Joined:Apr 2012
Message Posted: Apr 22, 2012 10:51:27 PM

ok
Focus2
Champion Author Illinois

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Message Posted: Apr 22, 2012 10:51:22 PM

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

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Message Posted: Apr 22, 2012 10:50:25 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.
DriverofRed
Champion Author Calgary

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Message Posted: Apr 22, 2012 10:47:18 PM

ok
HYEgasCA
Champion Author Fresno

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Message Posted: Apr 22, 2012 10:42:23 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!!

mstearno
Champion Author Dayton

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Message Posted: Apr 22, 2012 10:41:59 PM

capping causes shortages
causing panic
Taurus1
Champion Author Ohio

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Message Posted: Apr 22, 2012 10:41:34 PM

ok
Fitwit
Champion Author Stockton

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Message Posted: Apr 22, 2012 10:40:30 PM

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

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Message Posted: Apr 22, 2012 10:38:29 PM

Ok
granitestater
Champion Author New Hampshire

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Message Posted: Apr 22, 2012 10:37:51 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]
armey
Champion Author Oregon

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Message Posted: Apr 22, 2012 10:37:43 PM

Well its about time!!
freedomsailor
Champion Author Naples

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Message Posted: Apr 22, 2012 10:36:43 PM

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

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Message Posted: Apr 22, 2012 10:32:36 PM

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

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Message Posted: Apr 22, 2012 10:31:44 PM

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

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Message Posted: Apr 22, 2012 10:30:44 PM

Yep, Barack's answer to everything: MORE government!
carman11
Champion Author North Carolina

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Message Posted: Apr 22, 2012 10:29:53 PM

GOOD LUCK
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