Author Topic: Isle gas prices at all-time high  (Read 3519 times)

Dos Equis

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Isle gas prices at all-time high
« on: June 14, 2008, 12:29:28 PM »
Waaaa!  I just spent $80 to fill up.  An all-time high.   >:(

Isle gas prices at all-time high
Just a month ago, it cost 35 cents less a gallon for regular, self-serve
By Nina Wu
nwu@starbulletin.com


Hawaii consumers can expect to pay even more at the gas pump this weekend.

Gas prices reached records in the state this week, with the statewide average increasing 7 cents to an all-time high of $4.24 for regular self-serve unleaded, according to the AAA Hawaii Weekend Gas Watch.

A month ago, the statewide average was at $3.89 (35 cents less), according to AAA, and a year ago it was only $3.41 (83 cents less).

Yesterday's average price in Honolulu was $4.15 per gallon for unleaded, another record price that is 9 cents higher than last week, 36 cents more than last month, and 83 cents higher than this time last year.

In Hilo, the average price yesterday was a record $4.27 a gallon, which is 12 cents higher than last week, 36 cents above last month, and 78 cents higher than last year.

The average price in Wailuku, meanwhile, reached a record $4.52 a gallon, up 3 cents over last week, 34 cents more than last month, and 82 cents higher than last year.

"In Hawaii and across the U.S., prices have continued skyrocketing to new levels and now more than half of the country has prices above $4 a gallon," said AAA Hawaii regional manager Richard Velazquez.

He said Wailuku typically has the highest gas prices of any area in the U.S., although right now its prices are still less expensive than those in Los Angeles, San Diego and San Francisco.

The national average for regular unleaded was $4.07 a gallon, according to AAA, 31 cents more than last month, and an entire $1.02 more than a year ago.

The jack-up in pump prices has been propelled by continuing high crude oil prices.

AAA Hawaii Weekend Gas Watch offers week-to-week price comparisons, which are derived from fleet vehicle credit-card transactions at 85,000 stations around the U.S. including Hawaii.

Prices shown are combined averages of the last card swipe of the previous day.

http://starbulletin.com/2008/06/14/business/story01.html

kh300

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Re: Isle gas prices at all-time high
« Reply #1 on: June 14, 2008, 05:05:48 PM »

hahaaa, i think it's great ! hearing neocons complain about gas prices brings a smile to my face.  :D

fvcking hypocrites.

NT

who has been in control of the governemnt gfor the last 4 years?

what i find is funny is that these idiots in the senate want oil producing countries to increase their oil production. but when it comes to our own oil production, they wont even allow us to start.

a dollar a gallon sitting in our backyard for the next 30 years. but no, the liberals are affraid a few ducks might get hurt, while were getting fucked in the ass

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Re: Isle gas prices at all-time high
« Reply #2 on: June 14, 2008, 05:17:40 PM »
who has been in control of the governemnt gfor the last 4 years?

dems only took control in Jan 2007, remember?


and bush vetoed the shit out of the asses in that first 100 days :)

24KT

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Re: Isle gas prices at all-time high
« Reply #3 on: June 14, 2008, 09:03:09 PM »

hahaaa, i think it's great ! hearing neocons complain about gas prices brings a smile to my face.  :D

fvcking hypocrites.

NT



Well I don't think I have to tell all you how I feel about it.
w

OzmO

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Re: Isle gas prices at all-time high
« Reply #4 on: June 14, 2008, 09:27:39 PM »
who has been in control of the governemnt gfor the last 4 years?

what i find is funny is that these idiots in the senate want oil producing countries to increase their oil production. but when it comes to our own oil production, they wont even allow us to start.

a dollar a gallon sitting in our backyard for the next 30 years. but no, the liberals are affraid a few ducks might get hurt, while were getting fucked in the ass

What i find funny is all the BULL SH1T everyone spews out of their mouths to define their parties ideology and when that party has control of both houses and the presidency nothing fvcking changes.

It doesn't matter who is in charge dems or repubs.

Deicide

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Re: Isle gas prices at all-time high
« Reply #5 on: June 14, 2008, 09:49:51 PM »
Beach Buffoon, apart from living there, is there a reason you are so obsessed with everything that happens on your chunk of volcanic rock? Is it the feeling of being stranded in the middle of the ocean? Is it Jebus?
I hate the State.

Dos Equis

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Re: Isle gas prices at all-time high
« Reply #6 on: June 14, 2008, 10:21:41 PM »
Beach Buffoon, apart from living there, is there a reason you are so obsessed with everything that happens on your chunk of volcanic rock? Is it the feeling of being stranded in the middle of the ocean? Is it Jebus?


OzmO

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Re: Isle gas prices at all-time high
« Reply #7 on: June 14, 2008, 10:40:48 PM »
where do you get these images? 

 ;D

Dos Equis

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Re: Isle gas prices at all-time high
« Reply #8 on: June 14, 2008, 10:51:35 PM »
where do you get these images? 

 ;D

Ancient Chinese secret.  ;D

24KT

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Re: Isle gas prices at all-time high
« Reply #9 on: June 14, 2008, 11:09:38 PM »
w

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Re: Isle gas prices at all-time high
« Reply #10 on: June 15, 2008, 08:29:23 AM »
Beach Buffoon clearly believes that Hawaii is the centre of earth's affairs; then again he believes in talking snakes and rib women as well so that makes sense.
I hate the State.

Dos Equis

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Re: Isle gas prices at all-time high
« Reply #11 on: March 26, 2011, 10:35:27 AM »
The more things change, the more they stay the same.  Went to the movies yesterday and in the time it took us to get our snacks, drive to the theater, watch the movie and get back, the gas station we passed raised its price by four cents.   >:(

Gas price rises 11 cents in week
The average cost of a gallon in the isles is $4.15, according to a survey by AAA Hawaii
By Gary T. Kubota
POSTED: 01:30 a.m. HST, Mar 26, 2011

FL MORRIS / FMORRIS@STARADVERTISER.COM

According to AAA Hawaii, the average cost of a gallon of regular jumped 11 cents in Hawaii in a week to $4.15. The cost of a gallon of regular gas yesterday at the Chevron station at the intersection of King and Piikoi streets was $4.14.
More Photos
 

Mililani resident Eric Collier looked yesterday at the $4.15-a-gallon price for regular at the French Wrench Shell Serv ice Station on Ward Avenue in Hono lulu and shook his head.

"It sucks big time," said Collier, who commutes more than 40 miles a day.

As Mideast tensions build and worries increase about the world supply of oil, gasoline prices in Hono lulu and other parts of the state are rising, and some people say they're driving less.

The average cost of a gallon of regular jumped 11 cents in Hawaii in a week to $4.15, according to AAA Hawaii.

Additionally, Japan's shutdown of the nuclear power plant in Fuku shima is pushing up its demand for the kind of light sweet crude oil imported by Hawaii refineries and also raising prices, said Albert Chee, spokes man for Chevron USA, one of the two Hawaii refineries.

The benchmark West Texas Intermediate Crude Oil ended at $105.40 per barrel yesterday on the New York Mercantile Exchange.

The national average of $3.56 per gallon is the highest ever for this time of year, although there is a comfortable surplus of oil in the United States.

The Energy Information Administration said the U.S. has enough oil in inventory to meet demand for 54 days. The surplus was 49 days in the summer of 2008. The U.S. consumes about 19.3 million barrels of petroleum per day.

What's pushing oil prices higher is concern that global supplies will shrink this year as energy appetites grow around the world. The world is expected to use 88 million barrels of oil per day in 2011, up from 86.7 million in 2010. Meanwhile, uprisings in Libya, Yemen and other countries are threatening exports from a region that supplies 27 percent of the world's oil. War in Libya has halted most of its 1.5 million barrels of daily exports.

AAA Hawaii said the cheapest gasoline in the United States continues to be in Wyoming, with an average of $3.34 a gallon.

The price of regular gasoline yesterday was $4.49 at Uptown Chevron in Wai luku, $4.49 at Aloha Shell in Kahu lui and $4.01 at Lex Brodie's Tire Co. on Queen Street in Hono lulu. Lex Brodie's price for regular was $3.93 with a cash payment.

"It's getting pretty wild," said Aloha Shell owner Paul Hanada.

"Even I don't know where it's going to end. Part of it is supply and demand. Part of it is speculation."

Hanada, who said he just raised his price by 10 cents a gallon Thursday, said he's had difficulty making sure retail prices are adjusted upward to meet the rising cost of fuel.

In Los Angeles, independent serv ice station owners have also been reluctant to raise prices based on the actual costs of fuel, said Sunny Campbell, executive director of the California Serv ice Station and Automotive Repair Association.

"They want to keep their customers," Campbell said.

The average price was about $3.99 for regular there, he said.

David Rolf, executive director of the Hawaii Automobile Dealers Association, said he's not hearing as many worries about buying gasoline-efficient cars as he did in 2008, when gasoline prices first went above $4 a gallon in Hawaii.

The prices later dropped below $4.

"They've seen it happen and they saw the price retreat," he said.

"Once you have an experience like that, you don't make any radical decisions on something that momentary."

For Collier of Mililani the price jump has him walking sometimes rather than driving.

"I don't drive to the store," he said. "Now I just walk."

http://www.staradvertiser.com/news/20110326_Gas_price_rises_11_cents_in_week.html

Soul Crusher

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Re: Isle gas prices at all-time high
« Reply #12 on: March 26, 2011, 10:37:12 AM »
Bush's fault

OzmO

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Re: Isle gas prices at all-time high
« Reply #13 on: March 26, 2011, 11:44:34 AM »
Obama's fault.

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Re: Isle gas prices at all-time high
« Reply #14 on: March 26, 2011, 11:46:16 AM »
Palin's fault.





Dos Equis

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Re: Isle gas prices at all-time high
« Reply #15 on: March 26, 2011, 11:55:43 AM »
 >:(



Dos Equis

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Re: Isle gas prices at all-time high
« Reply #16 on: April 15, 2011, 10:09:08 AM »
 >:(

Hawaii gas prices set record on Maui; near all-time high
By Associated Press
POSTED: 04:29 a.m. HST, Apr 15, 2011

Hawaii's average price for a gallon of regular unleaded gasoline hit a nation-leading $4.46 on Thursday, 28 cents higher than second-place California.

The state's average on Thursday was 12 cents higher than a week ago, 44 cents more than a month ago and 91 cents more than last year, according to AAA data.

It is just 5 cents below the all-time record of $4.51 set on July 31, 2008.

The most expensive gas in Hawaii was on the island of Maui, where the average price was $4.77, down a penny after hitting a record of $4.78 on Wednesday. The previous Wailuku record was $4.75 in August 2008.

The average price for a gallon of regular in Honolulu was $4.36, just five cents below the record high for Honolulu  of $4.39 set on July 29, 2008

As most states brace for gas to climb to $4, Hawaii was the first to reach that mark a month ago. Now three other states share that distinction: Alaska, California and Illinois.

The national average reached $3.81 Thursday. Wyoming was the cheapest in the country at $3.53.

"There's no doubt that across the country the pain is being felt, but more acutely in Hawaii," said Marie Montgomery, spokeswoman for Automobile Club of Southern California, which covers Hawaii.

Eighteen percent of Hawaii motorists polled by AAA last month said $5 is the breaking price point that would make them drastically reduce driving.

"There is a bit more tolerance for a higher price just because Hawaii has been paying more for longer," Montgomery said. "The people who are paying $3.80 a gallon in other states are outraged about it. It's all relative."

http://www.staradvertiser.com/news/breaking/119914689.html

Dos Equis

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Re: Isle gas prices at all-time high
« Reply #17 on: April 18, 2011, 03:30:28 PM »
 >:(

Honolulu gas prices near record; Maui at all-time high

By Star-Advertiser staff
POSTED: 05:06 a.m. HST, Apr 18, 2011

The cost of filling a tank of gas continues to rise as prices near record levels in Honolulu.

The average price for a gallon of gas in Honolulu is just one penny below the all-time record price today, while Maui set a new high.

AAA Daily Fuel Gauge reports the average price for a gallon of regular unleaded gas in Honolulu is $4.38 cents a gallon, just 1 cent below the record of $4.39 cents set on July 29, 2008.

Meanwhile Wailuku topped its record gas price set last week with an average price of $4.86

Statewide, the average price for regular gas was $4.48, up 2 cents from yesterday and 6 cents higher than last week. The price is about $1.29 cents higher than what gas cost a year ago today.

The highest Hawaii average price for a gallon of gas was about $4.51 set on July 24, 2008.

Hilo's average price of $4.49  is still well-below its record price of $4.66 on July 28, 2008.

Gasoline pump prices climbed to a national average of $3.83 per gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular has increased 29.1 cents in the last month and 96.8 cents from a year ago. Pump prices are above $4 per gallon in California, New York, Illinois, Connecticut, Washington D.C., Hawaii and Alaska.

Economists are watching for signs that high fuel prices are taking a toll on the economy. Industry surveys suggest that drivers are cutting back on gasoline purchases. The combination of stagnant wages and rising food and energy costs has prompted some economists to lower their growth estimates for the economy in the first quarter by half.

The Associated Press contributed to this story.

http://www.staradvertiser.com/news/breaking/120062584.html

Dos Equis

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Re: Isle gas prices at all-time high
« Reply #18 on: April 20, 2011, 04:06:47 PM »
 >:( >:(

Isle drivers resigned to pay at the pump as prices hit record


By Gregg K. Kakesako
POSTED: 04:45 a.m. HST, Apr 20, 2011


Gas prices ranged from $4.44 to $4.63 at the Union 76 station on King and Piikoi streets today. Gas prices set a new record today statewide and in Honolulu.


Honolulu electricians Jerrold Takata (left) and Boyce Abellira fill up their company truck this morning in Makiki. "There's not much a consumer can do (about high gas prices). If you have a family, you need your car," Takata said.

Island drivers say there's not much they can do but pay the price at the pump as the cost of a gallon of gas set a record in Honolulu and statewide today.
 
The average price of a gallon of regular gas in Hawaii hit $4.512 a gallon, according to the AAA Fuel Gauge Report. The price is 2 cents higher than yesterday and .2 cents higher than the old state record of $4.51 set on July 24, 2008.
 
Honolulu set a new high with an average price of $4.40 a gallon, beating the old record of $4.39 set on  July 28, 2008. The price is about 2 cents more than yesterday and 94 cents higher than a year ago.
 
Oil industry analysts say the price of gas is likely to continue to go up as the peak summer driving season approaches.
 
Gas prices are already above $5 a gallon for regular on Molokai and prices for supreme topped $6 in Hana, Maui.
 
On Molokai, prices for the lower grade regular gas jumped 35 cents to $5.16 a gallon at Kaunakakai's two gas stations yesterday.
 
Before yesterday's jump, gas prices at the Kaunakakai station has been $4.81 a gallon for regular since April 5.
 
"Although our customers were surprised," said Kat Kai, office manager for Hayaku Go on Ala Malama Avenue in Kaunakakai, "we were expecting it.
 
"We kinda knew since prices have been going up every three months."
 
Gas has topped $5 a gallon for a month for all grades in remote Hana on Maui, said a cashier at the area's only gas station, where customers pay $5.98 a gallon for regular and $6.19 a gallon for premium.
 
Gas prices in Wailuku have been setting records nearly every day this week. It reached $4.89 a gallon for regular, up 3 cents from yesterday's record.
 
The price of gas in Hilo is higher than last year, but still well below the record. A gallon of regular gas costs an average of $4.51 today, that's up by a penny from yesterday and about 94 cents above last year's price. But the record is $4.66.
 
Jerrold Takata, a Honolulu electrician, said "there's not much a consumer can do. If you have a family, you need your car. You can't buy a new car."
 
Takata and Boyce Abellira were filling up their company truck early this morning in Makiki before going to work as electricians.
 
Gas at the Piikoi and King streets Chevron station ranged from $4.44 a gallon for regular to $4.64 for supreme.
 
"It's going to cost anywhere for $70 to $75 today"  to fill up, Takata added as he worked the gas pump and watched the price climb. Two weeks ago, he paid $4.30 a gallon. "The consumer is going to pick up the rising cost. When gas goes up, everything else goes up."
 
Takata's personal vehicle is a truck that he only drives on weekends. But it costs nearly $100 to fill up every month, he said.
 
Abellira, who was paying $50 twice a month to fill up his compact car, called the situation "ridiculous."
 
Yong Park said she no longer fills up her van's 20-gallon tank. "It's just too expensive."
 
Instead, Park and several other motorists gassing up in the Makiki area today said they only buy a set amount.
 
Park's limit is $60 whenever she goes to the pump. "When prices started to go up, I stop filling up my tank," she said.
 
She and her family of four also have made other concessions. "We do a lot more walking, especially to do marketing," Park said.  "It also means we go to the market less often."
 
Hawaii continues to have the most expensive gas in the country while Alaska, Connecticut, Illinois, New York and the District of Columbia have average prices that also passed the $4 mark.
Indiana, Michigan, Nevada and Washington state are within 10 cents from reaching $4.
 
Oil climbed above $111 a barrel today as the dollar weakened and the government reported an unexpected drop in U.S. crude supplies. Gas pump prices also edged higher to $3.84 for a gallon of regular.
 
The International Energy Agency, OPEC and others have said that they see signs that consumers are using less fuel as prices rise. In the U.S., retail surveys by MasterCard SpendingPulse indicate that motorists have cut back on gasoline purchases for the past seven weeks.
 
Some analysts have pointed to falling supplies as a sign that U.S. demand is holding steady. Yet Andrew Lipow, President of Lipow Oil Associates in Houston, said the drop in gasoline supplies may have more to do with many refineries along the East Coast being on hold for routine maintenance and other issues.
 
Energy Information Administration data shows that gasoline demand has dropped for the past three weeks, when compared with levels from a year ago.
 
Gasoline pump prices keep rising nevertheless. The national average increased slightly today to $3.837 per gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular is 28.8 cents higher than it was a month ago and 97.8 cents higher than a year ago.

http://www.staradvertiser.com/news/breaking/Hawaii_drivers_resigned_to_pay_at_the_pump_as_prices_hit_record.html

Soul Crusher

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Re: Isle gas prices at all-time high
« Reply #19 on: April 20, 2011, 06:04:52 PM »
Kenyanomics - get used to it.

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Re: Isle gas prices at all-time high
« Reply #20 on: April 20, 2011, 07:06:58 PM »
I heard that if you just tell yourself that Obama remembers what it was like to pump gas, it makes things seem better.

Hereford

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Re: Isle gas prices at all-time high
« Reply #21 on: April 21, 2011, 01:43:19 PM »
People living in HI must be rich. Pay the price or move to TX!!!  >:(    :D

Dos Equis

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Re: Isle gas prices at all-time high
« Reply #22 on: April 21, 2011, 01:50:26 PM »
People living in HI must be rich. Pay the price or move to TX!!!  >:(    :D

 >:(

Dos Equis

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Re: Isle gas prices at all-time high
« Reply #23 on: April 23, 2011, 10:35:01 AM »
Pain at the pump
Economists fear the rising price of gas will put the brakes on business growth
By Kristen Consillio
POSTED: 01:30 a.m. HST, Apr 23, 2011

On a day when Hawaii motorists were paying a rec­ord average of $4.527 per gallon for regular gasoline, economists voiced concern yesterday that the pain at the pump could stunt business growth.

Higher oil prices lead to higher costs for most goods and cause consumers to pull back on purchases. That could slow the recent business expansion and persuade owners to postpone hiring. The state's unemployment rate has been stuck at 6.3 percent for four months. It could also cut into tax revenue, complicating the job of lawmakers as they deal with a $1.3 billion budget deficit over the next two years.

"When oil prices increase, it will link with the cost of doing business," said acting state Economist Eugene Tian. "There will be an upward pressure on inflation. It will be hurting the economy."

How long oil prices stay high will determine how much damage is done.

In June 2008 the price of oil peaked at $134 per barrel, retreated before the end of the year to $42 per barrel, and consumption increased the following year.

Yesterday oil traded at $112 a barrel. That level "is definitely something that changes the outlook and will be of greater concern should it prove to be more persistent than a one- or two-month pain in the gas," said Paul Brewbaker, principal of TZ Economics and chairman of the state Council on Revenues.

"These things tend to shave a fraction of a percentage point, maybe a percentage point, off an underlying real economic growth rate that could have been 2-3 percent this year," Brewbaker said.

Before the recent rise in oil prices, the state had forecast Hawaii's economy, or real GDP (gross domestic product), would grow by 2 percent in 2011.

The jump in oil prices could cut into that growth but not take it down to zero, said Brewbaker.

"Even this oil shock — rooted in recent geopolitical turbulence — does not suffice to fully unravel the economic expansion," Brewbaker said. "Of course, the fat lady of this opera has not yet sung."

Tian agreed.

The shock in "2008 was a very short-term phenomena, so the overall impact during that year is not very significant," Tian said. "This time we actually don't know how long it will last. It definitely will impact the economic recovery. And this is only the beginning."

While economists might be drilling deep into their charts to calculate the impact, Hawaii consumers get hit with it each time they approach the pump.

"I'm surprised every time I go," said Kaimuki resident Paulus Tsai, whose fuel costs have risen to $120 a month from $100. "They're changing all the time and going up every time. I used to use premium in my car — that's what the manufacturer says (to do) — but I'm using midgrade now. I know it's just a few cents off, but just the idea kind of bothers me."

Pearl City resident Eli Lopez said he is driving a few extra miles in search of cheaper fuel.

"I'll try to look for an Aloha gas station because if you get the (Foodland) Mai ka‘i Card, it's 5 cents off per gallon," Lopez said. "I don't buy rice because rice is expensive now. Me and (wife) Tammy carpool more often definitely because of gas prices."

The average statewide price of regular gas hit a new high of $4.527 per gallon yesterday, beating the previous rec ord set the day before at $4.521, according to the AAA Fuel Gauge Report.

"Because gas prices are higher, we have to cut down on grocery shopping and other expenses," said Aiea resident Kelli Carvalho.

Manoa residents Duane and Sarah Preble received their new electric Leaf vehicle a week ago after a yearlong wait.

"I think it's perfect timing," said Duane, a retired University of Hawaii art professor. "I just love driving past service stations. As the cost of gas inches up toward $5 a gallon, we will enjoy not buying any."

http://www.staradvertiser.com/news/20110423_pain_at_the_pump.html

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Re: Isle gas prices at all-time high
« Reply #24 on: April 24, 2011, 02:44:04 PM »
Costly gasoline clouds Obama re-election prospects
By Associated Press
POSTED: 01:30 a.m. HST, Apr 24, 2011

Gas prices at the Chevron and 76 stations in Makiki at Keeaumoku and Beretania streets continue to rise and break records in Hawaii.

With gas prices climbing and little relief in sight, President Barack Obama is scrambling to get ahead of the latest potential obstacle to his re-election bid, even as Republicans are making plans to exploit the issue.

No one seems more aware of the electoral peril than Obama himself.

"My poll numbers go up and down depending on the latest crisis, and right now gas prices are weighing heavily on people," he told Democratic donors in Los Angeles this past week.

In fact, Obama raised the issue unsolicited in a series of town meetings in Virginia, California and Nevada that were ostensibly about his deficit-reduction plan. And he made the gas spike the subject of his weekly radio and Internet address Saturday.

"It's just another burden when things were already pretty tough," he said.

As Obama well knows, Americans love their cars and remain heavily dependent on them, and they don't hesitate to punish politicians when the cost of filling their tanks goes through the roof. Indeed, for presidents, responding to sudden surges is a recurring frustration.

"These gas prices are killing you right now," Obama said at Facebook headquarters in Palo Alto, acknowledging that many Americans can't afford new fuel-efficient cars and must drive older models.. For some, he said, the cost of a fill-up has all but erased the benefit of the payroll tax holiday that he and congressional Republicans agreed on last December.

On Saturday, Obama insisted in his radio and Internet address that the best answer is a long-term drive to develop alternatives to fossil fuel. He also renewed calls to end $4 billion in subsidies for oil and gas companies. "Instead of subsidizing yesterday's energy sources," he said, "we need to invest in tomorrow's."

Republicans contend that high gas prices are the inevitable result of an administration they accuse of stifling domestic drilling, and which placed new curbs on offshore exploration after last spring's disastrous BP oil spill.

"The administration has declared what can only be described as a war on American energy," said Senate Minority Leader Mitch McConnell.

"Obama is vulnerable on gas prices and the Republicans have and will exploit this as a wedge issue," said James Thurber, who directs the Center for Congressional and Presidential Studies at American University.

Legislative aides report House Republicans are considering a series of hearings and floor votes on measures to boost domestic oil and gas production when Congress returns from its Easter break.

Meantime, Obama has ordered his Justice Department to form a task force to look for fraud or manipulation in the oil markets. It will "root out" any abuses, he told a town meeting in Reno, Nev. The president is among those who've said the surging price for crude is caused by worries about political upheaval in the Arab world and increasing demand from China and elsewhere.

Still, Americans have a tradition of holding the party in power responsible for rising gas costs.

Obama's focus on the issue came as a /CBS News poll published Thursday found that 70 percent of the public believes the country is headed in the wrong direction. That followed a March AP-GfK survey reflecting widespread discontent over the economy, with just 15 percent seeing an economic improvement the previous month. Through the spring, Obama's approval numbers in several polls have slipped.

"Gas prices are a major factor in his slide ... along with unemployment and his talk about cuts and tax increases to deal with deficits and debt," Thurber said.

The national average price for a gallon of regular gasoline is currently $3.84, almost a dollar higher than a year ago. In many places, it's well over $4.

The gas price debate has a sense of dij‘ vu to it, Obama notes. Vows to end dependence on expensive oil imports go back to Richard Nixon's "Project Independence", a 1973 response to the Arab oil embargo, and this has been a popular refrain by presidents of both parties over the last 40 years.

"Whenever gas prices shoot up, like clockwork, you see politicians racing to the cameras, waving three-point plans for two dollar gas," Obama said in Saturday's address. But when prices subside, those plans are quietly shelved.

Even calls to target price gouging have a familiar ring. When gas hit $3 a gallon in 2006, George W. Bush launched a probe, declaring Americans "don't want and will not accept ... manipulation of the market. And neither will I."

Seven months later, Bush took what he called a "thumping" in mid-term elections. Of course, other issues — especially Iraq — played a big role. But Obama can't help pondering that example, and wondering what rising gas prices could do to his hopes for a second term.

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