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GasBuddy News Article

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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
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FunMyster
All-Star Author Indiana

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Message Posted: Apr 23, 2012 6:55:06 PM

ok
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52MPG
Champion Author Dayton

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Message Posted: Apr 23, 2012 5:07:33 PM

Politicking.
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dave27johnson
Champion Author Chicago

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Message Posted: Apr 23, 2012 4:29:52 PM

Yes, he should do more to stop fraud and manipulation.
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gawxnative
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Message Posted: Apr 23, 2012 1:12:15 PM

HMMMM
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sparky808
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Message Posted: Apr 23, 2012 10:39:44 AM

Thank you for posting.
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bowler360
Champion Author Illinois

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Message Posted: Apr 23, 2012 6:10:26 AM

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

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Message Posted: Apr 23, 2012 12:15:18 AM

Full article -- all there was was another paragraph. This was not worth posting.
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Travel1st
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Message Posted: Apr 22, 2012 11:55:52 PM

Surprise.
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Agarre
Champion Author Richmond

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Message Posted: Apr 22, 2012 9:55:28 PM

Elections time
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quasar502
Champion Author Lansing

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Message Posted: Apr 22, 2012 9:40:04 PM

The House is the real culprit.
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chuckwthompson
Champion Author Charlotte

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Message Posted: Apr 22, 2012 9:35:29 PM

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

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Message Posted: Apr 22, 2012 9:34:55 PM

This will piss off the Grand Oil Party.
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computernut2008
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Message Posted: Apr 22, 2012 9:32:57 PM

thief
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vegboy
All-Star Author Massachusetts

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Message Posted: Apr 22, 2012 9:32:38 PM

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

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Message Posted: Apr 22, 2012 9:30:29 PM

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

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Message Posted: Apr 22, 2012 9:24:51 PM

Put a cap on tax amount, both federal & state.
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Digger52
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Message Posted: Apr 22, 2012 9:24:16 PM

Right. . .
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hemiMI
Veteran Author Michigan

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Message Posted: Apr 22, 2012 9:24:02 PM

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

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Message Posted: Apr 22, 2012 9:23:49 PM

Don't expect the obama administration to do anything on this issue. Like obama, his administration is nothing but words.
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Matt G
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Message Posted: Apr 22, 2012 9:23:15 PM

Ok
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passin_gas2011
All-Star Author Ohio

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Message Posted: Apr 22, 2012 9:19:15 PM

the polititions are paid off,,they get """gifts"""..from speculators,,and big oil,,,so it doesnt matter
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umitb
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Message Posted: Apr 22, 2012 9:16:37 PM

ok
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unicornpmb
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Message Posted: Apr 22, 2012 9:16:16 PM

Just a little late.
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jem069
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Message Posted: Apr 22, 2012 9:15:59 PM

Ok
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Blue_Cruzer
Champion Author Lexington

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Message Posted: Apr 22, 2012 9:15:42 PM

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

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Message Posted: Apr 22, 2012 9:09:49 PM

Hard to remember that Congress should be "by and for the people"
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ssect8
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Message Posted: Apr 22, 2012 9:07:12 PM

NemoIL has the right idea, but it will never happen.
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Petrothirst
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Message Posted: Apr 22, 2012 9:05:03 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.
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69Bonne
Champion Author Gary

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Message Posted: Apr 22, 2012 9:01:56 PM

I agree with NemoIL. That is the only way this will get resolved.
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Focus2
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Message Posted: Apr 22, 2012 9:01:48 PM

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

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Message Posted: Apr 22, 2012 9:00:31 PM

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

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Message Posted: Apr 22, 2012 8:59:08 PM

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

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Message Posted: Apr 22, 2012 8:56:34 PM

I'm sure that, come Fall, Obama will be making hay of obstructionists failing to support his proposed solution.
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PoohMcGoo
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Message Posted: Apr 22, 2012 8:54:29 PM

He's desperate.
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kgbellman
Champion Author Ann Arbor

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Message Posted: Apr 22, 2012 8:53:18 PM

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

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Message Posted: Apr 22, 2012 8:51:27 PM

ok
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Focus2
Champion Author Illinois

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Message Posted: Apr 22, 2012 8:51:22 PM

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

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Message Posted: Apr 22, 2012 8:50:25 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.
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DriverofRed
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Message Posted: Apr 22, 2012 8:47:18 PM

ok
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HYEgasCA
Champion Author Fresno

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Message Posted: Apr 22, 2012 8:42:23 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!!

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mstearno
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Message Posted: Apr 22, 2012 8:41:59 PM

capping causes shortages
causing panic
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Taurus1
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Message Posted: Apr 22, 2012 8:41:34 PM

ok
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Fitwit
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Message Posted: Apr 22, 2012 8:40:30 PM

Sure he will. When cows fly.
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WinderGuy
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Message Posted: Apr 22, 2012 8:38:29 PM

Ok
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granitestater
Champion Author New Hampshire

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Message Posted: Apr 22, 2012 8:37:51 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]
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armey
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Message Posted: Apr 22, 2012 8:37:43 PM

Well its about time!!
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freedomsailor
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Message Posted: Apr 22, 2012 8:36:43 PM

Congress does not work for citizens, just lobbists and big companies.
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HYEgasCA
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Message Posted: Apr 22, 2012 8:32:36 PM

Can someone please tell me what this loser has done for the United States?
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HYEgasCA
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Message Posted: Apr 22, 2012 8:31:44 PM

Shut-up Obama, you stupid loser!!
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ItsMorph
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Message Posted: Apr 22, 2012 8:30:44 PM

Yep, Barack's answer to everything: MORE government!
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