gas prices Archives - Shopfloor

Gas Prices and a Real “All of the Above” Energy Strategy

By | Energy | No Comments

Gas prices are starting to dominate the news again.  Manufacturers, like all Americans feel the pinch of rising gas prices.  Why do manufacturers care?  We use one-third of the energy consumed in the U.S. and rely heavily on moving goods. 

Manufacturers disagree with President Obama’s so called solutions on how to bring prices down.  This is why Washington needs to get serious about a real “all of the above” approach to energy. This approach shouldn’t demonize energy producers as it won’t solve the problem. 

Raising taxes on energy producers isn’t going to solve the problem either.  What we need is expanded access to our vast natural resources and the ability to work with our neighboring countries for more sources of energy.

If President Obama is serious about an “all of the above” approach to energy his Administration needs to move forward with approving permits including the Keystone XL pipeline and expanding our domestic sources of energy.

Gas Prices Top $4 a Gallon in Mukwonago, Elsewhere

By | Economy, Energy | No Comments

When news editors met for the annual agenda-setting conclave last month, they determined that the official theme for today, April 13, would be “Gas Prices are Really High and Getting Higher!”

Those with adequate news-gathering resources would do the second part of the story, the conclavists agreed: “High gas prices could slow economic growth.”

Today the House Natural Resources Committee is scheduled to vote on three bills that could lend some stability to fuel prices by increasing production of domestic energy, legislation that comprises the American Energy Initiative. The bills represent good policy no matter what the gas prices are.

The Committee news release lists the bills: Read More

President Obama on Energy Policy, Car Sales, Disposable Income

By | Energy | One Comment

President Obama offered his vision for U.S. energy policy in remarks Wednesday at Gamesa Technology Corporation in Fairless Hills, Pennsylvania. Excerpt from the Q&A:

So number one, increase oil production.  But that’s not a short — that’s not a long — a short-term solution, and it’s a not a long-term solution, either; it will just — it will help a little bit.  Number two, more efficient cars so we’re using our gas more effectively.  Number three, shifting to electric cars and other forms of transportation so we don’t use oil as much.

None of that is going to help you this week, though.  So, like I said, if you’re getting eight miles a gallon you may want to think about a trade-in.  You can get a great deal.  I promise you, GM or Ford or Chrysler, they’re going to be happy to give you a deal on something that gets you better gas mileage.

Hat tip: Glenn Reynolds, Instapundit.

It’s The Speculators, That’s Why!

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From the Rochester (N.Y.) Democrat-Chronicle, “Slaughter asks oil giants to explain why N.Y. pays more for gasoline“:

U.S. Rep. Louise Slaughter is looking to some of the world’s major oil companiesfor answers as to why western New York motorists pay more at the pump than drivers in other states.

The Fairport Democrat’s office released a copy of a letter sent today to the heads of Sunoco Inc., Citgo Petroleum Corp. and ExxonMobil Corp., asking why there is a price discrepancy between local filling stations and average prices in New Jersey and Massachusetts.”I … am deeply worried about the many western New Yorkers forced to choose between putting food on the table and filling their gas tank to travel to work,” Slaughter wrote in the letter.

According to AAA, the average price for a gallon of regular in New Jersey is $1.51, while in Massachusetts it is $1.63. In the Rochester area, it is $1.78.

One reason for the difference is taxes. According to the American Petroleum Institute, New Yorkers pay nearly 61 cents in state and federal taxes on a gallon of gas, compared with roughly 32 cents in New Jersey and 42 cents in Massachusetts.

You know, we haven’t had an FTC study of gas prices in a good, oh, six months at least.

A Second Bretton Woods Conference

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The economy is put again on firm footing…or at least packed snow. From the Manchester Union-Leader, “A perfect storm seen for ski vacation week“:

At the Mount Washington Resort at Bretton Woods, tourists waited on the golf course for their turn behind teams of sled dogs.

More than 50 sled dogs were lined up in hitches of eight, apparently eager to take to the fields of snow.

Across the street at Bretton Woods ski area, snowboarders and skiers were enjoying frozen granular and packed powder on more than 70 of the resort’s 101 trails. Rain on Christmas Eve and subsequent cold temperatures made for a harder surface, but little of the depth was lost in most locations.

The entire 100-kilometer trail network at the Bretton Woods Nordic Center was open yesterday.

Global climate change to thank? Perhaps, but it’s more likely that low gas prices are providing the big push for the economy:

Gas is about $1.70 a gallon in Central New Hampshire, compared with about $4 a gallon during the last major holiday period, the Fourth of July.