Is anyone going to blame OBAMA for these wonderfully low gas prices this morning?

One dollar and 19 cents here in new york for an entire gallon of gas! 22$ and my tank is full. I know everyone hates Obama (personally, he's a charming guy in my opinion, with all of his achievements overlooked by that other group), and everyone blames Obama for everything, so is anyone going to blame the man for these great gas prices which are a direct result of his deal with Iran, something NO republican would have done!

It's great he was elected, because had a republican took office, we'd be paying well over 4$ by now.

a reply to: theySeeme

Damn you OBAMA! Saving me money and such! Grumble grumble grumble grumble.

a reply to: theySeeme
Obama really has nothing to do with the price of gas.

Neither did Bush.

Actually..... this is the baseline... what it should have been, but what the US and the EU #ed up by imposing sanctions on Iran.

So you want us to thank the POTUS for that?

We have railway companies overhere that do the same thing. First they increase the travel time, then when they decrease it again, they make a big deal out of it.

originally posted by: stosh64
a reply to: theySeeme
Obama really has nothing to do with the price of gas.

Neither did Bush.

You are wrong, Obama's deal with Iran directly influenced the gas prices, do some research. Iran hasn't been able to sell oil to the United States since 1995, now they can, and they have so much of the stuff stock piled the price may very well hit below 1$ by next week.

It will also greatly reduce ISIS funding since their main source of profit is quickly loosing it's value. But no one will credit the man for that. Had trump been in office, we would NEVER have had this great deal with Iran, as trump has made clear, and we'd be paying 3$.

originally posted by: flice
Actually..... this is the baseline... what it should have been, but what the US and the EU #ed up by imposing sanctions on Iran.

So you want us to thank the POTUS for that?

We have railway companies overhere that do the same thing. First they increase the travel time, then when they decrease it again, they make a big deal out of it.

Yes, I think considering he is the only president to fix this issue since it began, we should thank him. People like Trump (who for some strange reason people claim is more popular than Obama) have stated they would NEVER lift sanctions on Iran, instead they'd increase them - at the expense of us ordinary hard working citizens.

Thanks Obama!

originally posted by: theySeeme
It's great he was elected, because had a republican took office, we'd be paying well over 4$ by now.

What a joke.
This is probably the way most people think and that's a problem to me. Ignorance of the facts leads to mistruths and fallacies. Things which we could use less of.

Speculation and Big Oil refusing to lower profit margins is the reason gas prices are where they are. The POTUS has nothing to do with it and never will. Neither will the big bad Republicans. Democrats are no better, and both parties accept legal bribes to keep Big Corporate Amerika afloat in this sea of rotten poli-ticks.

Technically according to the price of a barrel at or below where it is this morning, gas should be well under one US dollar a gallon.

Again, political parties have NOTHING to do with it. Just greedy corporate shills from all walks of life.

originally posted by: havok

originally posted by: theySeeme
It's great he was elected, because had a republican took office, we'd be paying well over 4$ by now.

What a joke.
This is probably the way most people think and that's a problem to me. Ignorance of the facts leads to mistruths and fallacies. Things which we could use less of.

Speculation and Big Oil refusing to lower profit margins is the reason gas prices are where they are. The POTUS has nothing to do with it and never will. Neither will the big bad Republicans. Democrats are no better, and both parties accept legal bribes to keep Big Corporate Amerika afloat in this sea of rotten poli-ticks.

Technically according to the price of a barrel at or below where it is this morning, gas should be well under one US dollar a gallon.

Again, political parties have NOTHING to do with it. Just greedy corporate shills from all walks of life.

The potus achieved this deal with Iran, and as a DIRECT RESULT of the deal, we have lower gas prices. The Potus has everything to do with it, had he done what EVERY republican has said they would not! (not lift sanctions), we'd be paying more money for gas, that's common sense.

Care to explain?

a reply to: theySeeme

Your hero making a more than shady deal with a country that hates us, doesn't mean he's responsible for the low prices. There are many factors, the deal with Iran being a very, very small part.

www.bankrate.com...

American oil producers have been on a tear lately. Thanks to new drilling in the Gulf of Mexico and the increased use of techniques like hydraulic fracturing, or "fracking," on land, the U.S. is awash in crude.

Domestic oil production has increased every year since 2008, which has contributed to a growing world supply. Meanwhile, American refineries are buying fewer barrels of more expensive foreign crudes.



Read more: www.bankrate.com...
Follow us: @Bankrate on Twitter | Bankrate on Facebook

a reply to: theySeeme

The Obama administration wanted to push energy prices upward as a matter of policy.

If anything, this is a catastrophic failure of his policies, not a vindication of them.

remember, under Obama gas was just under four dollars for a while.
global economic slowdown decreased demand, lowering prices.
increased production (fracking) helped a lot.

only time will tell whether cozying up to a murderous terrorist regime that wants nukes, is a good thing.

I'm loving the cheap gas, but I do fear for Israel. I suspect this story (Israel, Iran, nukes) is not over.

darn shame the mullahs won't just enjoy life and try to get along.

a reply to: DAVID64

Good point, there is often a lag of up to 10 years on the return for new leases being developed. The low prices are mainly the result of activity that took place in the last decade.

originally posted by: havok

originally posted by: theySeeme
It's great he was elected, because had a republican took office, we'd be paying well over 4$ by now.

What a joke.
This is probably the way most people think and that's a problem to me. Ignorance of the facts leads to mistruths and fallacies. Things which we could use less of.

Speculation and Big Oil refusing to lower profit margins is the reason gas prices are where they are. The POTUS has nothing to do with it and never will. Neither will the big bad Republicans. Democrats are no better, and both parties accept legal bribes to keep Big Corporate Amerika afloat in this sea of rotten poli-ticks.

Technically according to the price of a barrel at or below where it is this morning, gas should be well under one US dollar a gallon.

Again, political parties have NOTHING to do with it. Just greedy corporate shills from all walks of life.

I'm confused, what is greedy about $1/gallon gas?

You people must not own cars, the gas prices dropped directly after the deal. Iran is able to put 500,000 barrels of oil per day (PER DAY!) on the market that it could not before - this has HUGE effects on the price of oil.

His deal with Iran is what brought us these prices we haven't seen since that disaster Bush came into office.

a reply to: theySeeme

Explain presidential influence on gas prices? Sure.
It's non-existant.

It has to do with Corporations lowering their profit margins and decreases costs for them to refine oil.

Government taxes haven't been lowered on gasoline, or diesel. Which would be the ONLY way that any government branch could have an influence on prices. They don't control prices...just the their legal thievery on the consumer taxes.

Corporations don't benefit from the lower gas prices and even that isn't affected until 3 months from now because of speculation on the markets, which is the real culprit behind the price of oil. The lifted sanctions were not a direct cause, especially this quickly, to the falling price of oil. If they were...then there is a boat-load of illegal things taking place on Wall Street and the FED'S better start investigating.

originally posted by: DAVID64
a reply to: theySeeme

Your hero making a more than shady deal with a country that hates us, doesn't mean he's responsible for the low prices. There are many factors, the deal with Iran being a very, very small part.

www.bankrate.com...

American oil producers have been on a tear lately. Thanks to new drilling in the Gulf of Mexico and the increased use of techniques like hydraulic fracturing, or "fracking," on land, the U.S. is awash in crude.

Domestic oil production has increased every year since 2008, which has contributed to a growing world supply. Meanwhile, American refineries are buying fewer barrels of more expensive foreign crudes.



Read more: www.bankrate.com...
Follow us: @Bankrate on Twitter | Bankrate on Facebook

Iran hasn't attacked any country in over 250 years, what other country can say that? Cut it out, EVERY country hates America (in fact, many ATS members hate america), so I don't follow your logic.

a reply to: theySeeme

Gas was this low prior to Katrina.

When did the POTUS ever have anything to do with gas price? OP, research a little before you post what some else told you.
Thats right, it is the POS in office that has raised my taxes to cover his awesome Obama care that no one can afford... sorry he is swell anit he.

But, if you want to blame him great.
What was the price of gas Before he took office? What was it less then 1 year after he took office?
So how this can go???
Great to spout off things with out know the real deal huh?

originally posted by: AugustusMasonicus
a reply to: DAVID64

Good point, there is often a lag of up to 10 years on the return for new leases being developed. The low prices are mainly the result of activity that took place in the last decade.

So you are saying that there was a lag of 10 years (3,6500 days) that did not materialize until a 24-hour block that took place direclty (and according to you, by coincidance) after the Iran deal? What a load of bull#! Anything to minimize this mans achievement. Hate him or love him (And I absolutely despise Obama's military policy as far as drone usage and rebel arming is concerned), this is the greatest thing any politician has done for this once great country in a VERY long time. Sadly, it will go unnoticed.

This year will start the new recession. Prepare for big layoffs in the industrial sectors. All of the indicators are there and gas is one of them.