Don't fall for it

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They held prayer services in St. Louis on Monday -- at gas pumps.

That seems a bit much. But you do sometimes feel hostage to gasoline prices. You have to have gasoline, and you have no control over the price.

Or do you?

The price at the pump has slipped recently, from about $4 to $3.90 or less a gallon in the area.

This is not a trivial matter: 72 percent of Americans polled said high gasoline prices are the greatest threat to the economy. Indeed, they not only hurt at fill-up time, they add costs to manufactured goods and agricultural items.

Some of the recent drop in prices may be simply cyclical, with the approach of Labor Day and the end of the summer driving season, during which prices typically spike.

But part of it, too, is likely a result of consumers driving less. Americans cut back their miles driven by 3.7 percent in May compared with a year before, and about 40 billion fewer miles in the first four months compared with the same time last year. The Wall Street Journal called the cutback "unprecedented."

Americans also are clamoring for more domestic production of oil. A remarkable consensus has emerged: 73 percent in a recent CNN poll say they favor more offshore drilling for oil and natural gas.

"I've never seen the American people as energized about an issue in my 18 years in Congress," House Minority Leader John Boehner, R-Ohio, told The Washington Post .

It's quite probable, too, that this very discussion over domestic drilling has contributed to falling prices.

And it's important that we not let slightly lower gasoline prices lull us into complacency again. We've got to make affordable energy a long-term national priority.

Debates over the Iraq War involve the past -- but the deliberation over energy is about our future: our future economy, standard of living and national security.

Voters this fall will be able to choose between starkly different visions for America's energy future (though to be honest, we don't know what the Democratic vision is at this point, beyond saying no to everything).

But just as important as their voter hats, Americans will wear a consumer hat. Their driving habits and choice of vehicles will have a lot to say about how much they pay for fuel.

It appears it already has.

Comments

bone

i'm still baffled at the pundits who claim that drilling for oil in order to become less dependent on foreign sources won't have much of an effect on gas prices. we are already seeing the signs of what happens when OPEC even THINKS there is a chance we might not need them anymore; could you imagine the scenario if we actually develop an aggressive strategy to divest ourselves of non-u.s. oil? of course, we'd still want to get some of our oil from foreign sources both for political reasons and sheer necessity - that is, until we develop alternative fuel sources that provide us with an alternative to gasoline. this isn't a dem or repub issue IMHO: we all need to recognize the terrible position we have put ourselves in by cozying up to the likes of the sauds and other wackos who have lots of oil under their feet. i believe either obama or mccain could effectively put the foreign oil dictatorships on their heels if the u.s. begins to actively demonstrate a desire to lessen our need on non-u.s. oil. drill NOW anywhere we think there is untapped oil! sorry alaska and beautiful FL coastline - we need your oil.

Ga Values

When will the AC write about lowering gas price by ending the ETHANOL progran and the $.51 per gallon duty on imported Ethanol?? These are quick fixes to our problems but opposed ty our LIBERAL senators because they are owned by the Iowa corn farmers.

patriciathomas

It's way past time to stop the silly whining about drilling in the barren wasteland of Northern Alaska or beyond the horizon off the Florida and California beaches. It's time to take the restrictions that prevent new refineries from the books and it's time to encourage research into alternative sources of viable energy. It's also time for the congress to stop thinking only of how to build their bank accounts and start thinking of how to aid their country.

DuhJudge

Wait a minute. What difference does it make about an import duty on ethanol if we stop using it to blend into gasoline? Congress should relax the ability for companies to discover and tap our domestic oil. But remember, that the price of oil is set globally and there isn't a whole lot of oil to be found on the European continent or Japan. As long as they are willing to pay the price to get the oil for their needs, then the price will have llittle to do with our increased supply. Our imports come from Canada, Mexico, and Venezuela. The West Coast gets some of the Middle Eastern oil, but it isn't as much as you think. Also, remember that the oil we don't tap today is oil your grandchildren can tap tomorrow.

convertedsoutherner

My understanding is that there isn't enough refineries, even if we do drill. I've heard that there is an area in Alaska that the oil companies own and plenty of oil, with room to drill, but the companies aren't drilling there. Even if they do drill in Alaska, it is sent overseas because we have no refinery close to that area. It is said that the oil companies want to get more leases and the ceo's get a BIG bonus for each lease that the companies get. Does anyone have the real info on this? We need more refineries to handle the drilling.

NotyourDadsBuick

Actually, saying no to everything is not Democratic trait. The personal embodiment of 'no' is Sen Coburn from Nebraska, who says no to just about everything, but for good reason. Every congressman and senator should take note of his approach to politicking. Democrats can't say no, especially when it involves more taxes for useless social programs that make the rich Dem lawmakers feel better about themselves. But they aren't the only poor stewards our our nation's finances. W's gotten us into record debt and the economy -- his economy after 8 years -- is bogged down completely. So he'll leave the White House with his miserable little war in Iraq still going on, an emaciated effort in Afghanistan, huge debt, and a bad economy. And to think he still has some apologists out there. Shows you that P.T. Barnum was right, there truly is a sucker born every minute. Every time you elect a Bush to the White House the economy goes bad. Once bitten, twice shy. The third time it's done we'll deserve everything we get.

treerock

ANWR is hardly a barren wasteland.

Ga Values

DuhJudge-- Imported ethanol is cost effective because it is produced from sugar. Due to Saxby's farm bill we pay twice the world price for food grade sugar. It cost less to make than the corn bases system mandated by federal law. At world prices imported Ethnol is actually a viable alternative to imported oil. Corn based Ethnol actually takes more BTU's to make than it produces & has driven up the price of food. We pay a $.51 per gallon subsidity for domestically produced Ethnol. Please ask more question if necessary. I am not opposed to a domestic ethanol program that is cost effective.Thank you for your interest.

patriciathomas

you're wrong treerock. The area where drilling is proposed in ANWAR is exactly a barren wasteland. Google the area. See for your self. Be sure you know where the tiny area is.

convertedsoutherner

I've heard that the area in anwar that they are talking about is next to the area where they already have a lease and plenty of room to drill with already known amt of oil. It is being said that the ceo's will get a BIG bonus for getting this new lease. Where will they refine this oil if they get the new lease. The oil on property next to this area is already being sent to china and other countries. Will we gain if they do drill in anwar?

Pay What U Owe

*YAWN* .....you know, you can only watch monkeys chatter for so long. 1 - They don't know there is oil in ANWAR. They just want to look cuz there is some oil nearby. 2 - No oil will come out of there fpr 10 years and even then, it will only reduce our cost burden by ~5% under rosiest scenarios. 3- What's driving oil down is simple demand. Gas prices decrease every year about this time because the bulk of summer is over and vacation season is past. Look at georgiagasprices,com for info. Add to that demand reduction from high prices and natural economic forces will give us the correction we have now. 4- Here is the kicker. Were I a drug dealer, and I though you were kicking the habit, it would be wise for me to cut you some price slack to reinvigorate your addiction. Who do you think is really manipulating the market (if you that's important, I don't)? Could it be that pushing prices up weakens the publics will on new leases to strengthen our addicition? The answer to addicition is not more drug. What's driving now is conservation (reduced demand) what will keep it lower ($1/gallon is gone for good) is new kinds of energy. Now why is it "conservatives" never want to "conserve"?

jack

GAValues, ethanol has reduced my cost at the pump for my BMW by allowing me to pump regular rather than mid-grade, as the ethanol increases the octane rating to the same level as mid-grade. This from one of the local whole salers.

jack

Treesrock, have you ever been to ANWR/ I seriolusly doubt it. BTS, it has been proven that the herds of caribou and reindeer have increased in areas the oil pipe lines run though because of the heat it exuded.

D-man

Ethanol SUCKS. It is NOT cheaper, and it gives you WORSE gas mileage! And it's driving up the price of food. My father works for a very large chicken company, who is now laying people off because they have spent over $20 MILLION dollars more on corn this year than last year!! Ethanol is political, pure and simple.

D-man

Jack - Ethanol will not raise the octane to allow you to buy regular instead of midgrade. The octane rating you see on the pump is the overall octane of of the fuel. Also, your BMW is now getting WORSE gas mileage, meaning you have to visit the pump more often, meaning you are spending MORE money. Do some research. The Corvette ALMS team recently began using E85 as part of ALMS's "Green Racing" program. However, because the Ethanol gives worse mileage ALMS allows the Corvette team to use a bigger fuel tank to compensate. ETHANOL IS NOT THE ANSWER!!!!!

Pay What U Owe

Not quite D-man, Ethanol from corn is not the answer. We are basically burning food and the costs go high because it's basically two demands (food and fuel). Ethanol from non-edible plant matter or better yet, ethanol from genetically engineering plants produced in giant vats could be a good answer. The fuel efficiency is basically irrelevant. It's miles/$ not miles/gallon that count. If the fuel is chep enough, no one will care how inefficient it is.

treerock

"if you believe it, it is not a lie." george kastanza. believe what you will pt, you certainly are entitled to mistakes.

treerock

jack, no i have not been to anwr or even alaska, but i will continue to state that anwr is NOT a barren wasteland. have you personally studied the caribou and reindeer populations of the alaskan wilderness? then by your reasoning (and i use the term loosely), if you have not, then STFU about their increasing numbers.

Ga Values

Jack, stop by the BMW dealer & ask how much a new engine is going to cost, that's what you are risking to save a few pennies,

paulwheeler

Drilling here there and yonder is just a short term solution. The supply of oil from this planet is drying up, as we humans, globally, expand our use of this resource. Sadly we can't see past our own bank accounts to realize the extreme energy challenges that our children will face because we are to lazy to do anything but beg for more oil.
We're nothing but a buch of petroleum junkies frantically searching for a way to ensure our next "fix"

D-man

I wonder, of all the people on here complaining about gas prices, who's done anything about it? I ride a bike to work a few days a week. What have you done?

convertedsoutherner

Think about all the corn fields that were under water during the floods in IL and the midwest. barack hussein obama was saying ethanol was the answer while a large part of his state was under water.

steve-o

Until gas is below $2 a gallon, I ain't gonna quit complaining!

willistontownsc

Until gas is below zero cents, I won't quit complaining!

dont live there anymore

If Pelosi and Reid, et al, go home without voting on and hopefully approving the proposal to start drilling here, then they can enjoy their long 3-month vacation while the rest of us will stay home or close thereby because of the high cost of gas. Also, the proposed area to be used in ANWR is indeed a wasteland. Check your maps. Read up. Quit listening to the talking heads on TV.

treerock

why don't you move back? i have read up about anwr and it is indeed not a wasteland. it supports various flora and fauna. life flourishes there. and i haven't had cable television since 1998, so don't you assume where i get my information, you f'n idiot. and d-man, i have been riding my bike to work for nearly 5 years now. last time i filled up my truck with gas was 7.20.08 and the time before that was 5.29.08! so keep on driving as much as you want, just STFU about high energy prices.

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