Sharp fall in gas costs drives down measure of US consumer prices by most in 3½ years

[Chachma v'Oz]

" A measure of U.S. consumer prices fell in May by the most since December 2008 as gas costs dropped sharply. Outside food and energy, prices rose modestly.

"Mild price increases leave consumers with more money to spend, which boosts economic growth. Lower inflation also gives the Fed more leeway to keep interest rates low."

http://www.washingtonpost.com/busine...EcV_story.html

Gas prices are expected to remain at current low levels through Labor Day, traditionally the end of the summertime period of high gasoline demand.

More good economic news, and at such a good time.

[86Dùde]

Won't last. Once the sabers start rattling and the Kenyan starts bombing Syrian kids.

[caddis]

Woohoo!!!! we're only paying just above $4 per gallon. Great news!

It's a sad state of affairs when we have been trained to accept that figure as something to celebrate....we have been conditioned.

Also, I'm thrilled that Obismal's plan for lowering fuel costs has been to sabotage the world economy

[86Dùde]

Obama wants high energy costs ultimately. He'd like people stacked in cities, riding bikes under a security grid while Agenda 21 carves up the country up into large swaths that can only be trespassed by the elite or some big biz company like Monsanto.

[Powerboss]

" A measure of U.S. consumer prices fell in May by the most since December 2008 as gas costs dropped sharply. Outside food and energy, prices rose modestly.

"Mild price increases leave consumers with more money to spend, which boosts economic growth. Lower inflation also gives the Fed more leeway to keep interest rates low."

http://www.washingtonpost.com/busine...EcV_story.html

Gas prices are expected to remain at current low levels through Labor Day, traditionally the end of the summertime period of high gasoline demand.

More good economic news, and at such a good time.

Wow. You're such a fucking parrot.

The main reason is because DEMAND is down due to the shitty Obama economy. When the economy rebounds once President Romney is in office prices will go back up....hopefully he will have a comprehensive plan to drill for more domestic oil rolling out to alleviate this.

Don't forget:

Gas Prices in Jan 09: $1.81
Today: $3.60

Chachi wants us to be happy about that because it's down from $3.90.

[Chachma v'Oz]

If you think that Obama is responsible for lessened worldwide demand for oil, which sets oil prices, you're living in a cocoon of partisanship.

[86Dùde]

He runs the military right? So when his filthy rabble finally invade Syria let me know if the speculation which is supposedly 25% of the price has any impact. Who is to blame? Obama or the speculators which happily made him the Wall Street puppet that he is today? That alone should easily move the price up say 40 cents more a gallon in a day.

[Powerboss]

If you think that Obama is responsible for lessened worldwide demand for oil, which sets oil prices, you're living in a cocoon of partisanship.

Less Demand translates into a down economy. We have a down, or stalled, economy due to Obama. Down economy in the US affects the rest of the world.

As far as "cocoon of partisanship", you need to look in the mirror. You've presented this story as a reflection of a strengthening economy when in fact it's just the opposite. But, we're accustomed to that from hacks like you.

[Chachma v'Oz]

I presented the item as good news for the economy, which it is. Save your ulterior motives for your posse meetings.

[Powerboss]

It's evidence that there is less demand. Less demand is because of a weaker economy. It's not complicated for most of us, apparently it is for you.

[Chachma v'Oz]

Lower prices stimulate spending. That's good news for the economy, as much as you may not like it.

I did not say that lower gas prices shows the economy is doing well. I said that lower prices are good news for the economy. If you're going to comment on what I say, limit it to what I actually say. Don't change it into what you wish I would have said as an excuse to jump down my throat on anything and everything.

[antiquity]

Gas price today at the local Standard station was $4.26 for regular. In Seattle it was all around $4.10 and higher for regular.

[Cyclone Ranger]

The main reason is because DEMAND is down due to the shitty Obama economy.

Nope. If demand were down, price volatility would be down too. It's up

When the economy rebounds once President Romney is in office

You're out of touch with reality.

[Chachma v'Oz]

And the doomsayers were promising $5/gal gas by summer. Too bad China and India are having problems, lessening demand for oil, but lower oil prices are a benefit because consumers have more to spend in other retail sectors.

[Powerboss]

Lower prices stimulate spending. That's good news for the economy, as much as you may not like it.

I did not say that lower gas prices shows the economy is doing well. I said that lower prices are good news for the economy. If you're going to comment on what I say, limit it to what I actually say. Don't change it into what you wish I would have said as an excuse to jump down my throat on anything and everything.

ROFL. So why won't Obama allow more drilling and lower gas prices even more? Is his radical ideology more important than growing our economy?

[Cyclone Ranger]

Demand isn't down. Fears of an Asian recession/ EU major default are up.

[Cyclone Ranger]

Domestic drilling does nothing to lower consumer oil/energy costs, for one. It's too expensive to drill and explire here vs. the OPEC oil.

[Powerboss]

Demand isn't down. Fears of an Asian recession/ EU major default are up.

Anything else moron?

Demand for gasoline over the four weeks ended June 8 was 4.5 percent lower than a year earlier, averaging 8.8 million barrels a day.

http://www.businessweek.com/ap/2012-...00-000-barrels

Domestic drilling does nothing to lower consumer oil/energy costs, for one. It's too expensive to drill and explire here vs. the OPEC oil.

Due to leftist policies. Cut the red tape and put it on the fast-track. The damage done by you guys can be undone quickly.

[Cyclone Ranger]

Read the article, dumbass. It says SUPPLY is down is down 6.2% in the same time period.

If the price remained the same, then REAL demand adjusted for inflation increased almost 2%.

[Chachma v'Oz]

ROFL. So why won't Obama allow more drilling and lower gas prices even more? Is his radical ideology more important than growing our economy?

World production already exceeds demand. That's why prices have fallen.