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Bachmann Promises $2 Gallon of Gas

Original post made by Cindy Cross on Aug 22, 2011

Bachmann Promises $2 Gallon of Gas by Cindy Cross
Michelle Bachmann recently made a bold statement while out stumping for president in South Carolina, "Under President Bachmann you will see gasoline come down below $2 a gallon again. That will happen. The day that the president became president gasoline was $1.79 a gallon," Bachmann said. "Look what it is today."
Really? Is this a politician who wants to edge her opponents out of the way with outlandish promises? It's nothing new for a politician to say anything to get elected. That brings to mind a famous quote, "Read my lips, no new taxes."
Many people remember the line and also remember that Bush did, in fact, raise taxes.
Fellow presidential candidate Jon Huntsman called Bachmann out, "I just don't know what world that comment would come from, you know? We live in the real world. It's grounded in reality. And gas prices just aren't going to rebound like that. But just as we are in a static world, that is completely unrealistic. And, again, it's talking about things that, you know, may pander to a particular group or sound good at the time, but it just simply is not founded in reality."
In reality, supply and demand is one main factor in the price of a barrel of crude. Since China and India are exponentially increasing the number of gas powered vehicles, the U.S. would have no means of countering this precursor. The U.S. does consume 25% of the world's oil, and there is no end in sight for our demand. Hybrid and alternative fuel cars account for less that 3% of the vehicles in the U.S. George Bush signed into law the Energy Policy Act of 2005 that gave people up to $3,400 as a tax credit with a purchase of the most efficient hybrid cars. This went away with the Obama administration. In its place legislators passed new credits for plug-in hybrids and electric cars only.
Another large determiner of the price of gas is the declining value of the U.S. dollar. With the recent shenanigans in Congress about raising the debt ceiling, and a weak economy, the dollar has lost 40% of its value in the last 6 years. The price for a barrel of crude is based on the U.S. dollar.
Are we really being gullible, or do you really believe that if Bachmann was elected she could lower the price of gas to below $2 per gallon?

Comments (36)

Posted by Devon, a resident of Downtown
on Aug 22, 2011 at 11:58 pm

@"Are we really being gullible?"

Bored housewife, still seeking high school diploma, incapable of offering anything more than USA today report attached to 12 year-old's
"perspective."


Posted by Cholo, a resident of Livermore
on Aug 23, 2011 at 12:03 am

i think that she's full of gas...needs to blow some off...


Posted by Dana, a resident of Amador Estates
on Aug 23, 2011 at 6:32 am

Cindy,
You may be too young to remember. We once had a system in America called "free enterprise" which encouraged competition and kept prices down. We don't have much of that anymore...especially in the oil & gas business. Government has interfered and fouled this marketplace up.

In case you hadn't noticed, the democrats have prevented us from any more domestic drilling and refining both onshore and off. Thus we don't have control over our domestic supply. That's a big part of the "supply and demand" pricing equation.

Also, Government has fouled up the gas product as well, requiring many different grades for different vehicles. If we had far fewer grades this would also reduce the price of production.

Finally, do you know what percentage of State and Federal taxes are included per gallon of gas? Curious...the FDA requires food packaging to list the ingredients of items...but the Fed doesn't want you to know how much you are paying per gallon of gas in taxes. That should be listed on every pump.

Wise up Cindy. It is not hard to reduce our gas prices...if only the socialist democrat policies were rolled back.


Posted by Patriot, a resident of Another Pleasanton neighborhood
on Aug 23, 2011 at 8:06 am

Dana,

You said, "In case you hadn't noticed, the democrats have prevented us from any more domestic drilling and refining both onshore and off. Thus we don't have control over our domestic supply. That's a big part of the "supply and demand" pricing equation."

Allowing all the extra drilling would create jobs and stimulate the economy, but it would hardly make a dent in the price of gas. The amount of increase to the world supply of crude would be low single digit percent and would likely lead to production cuts by OPEC.

As for gas taxes, here is some information.

Web Link

According to the oil companies, the total tax in California is 67.5 cent per gallon.

Even if we eliminated all gas taxes (and somehow found some other money to pay for roads, bridges, and interstate highways), and allowed drilling in the arctic wildlife refuge and off our coasts, it wouldn't get us anywhere near 2 dollars per gallon.


Posted by Boner, a resident of Another Pleasanton neighborhood
on Aug 23, 2011 at 8:46 am

I worked in security at NUMMI years ago and we bought gas as a manufacturer which means that we were not subject to all of the different taxes nor required additives. We only paid the gas companies what they charged and when gas was $2.85 in the gas stations and we were only paying .68 cents a gallon so it is possible to significantly reduce the cost.


Posted by Guest, a resident of another community
on Aug 23, 2011 at 10:04 am

Why hasn't anyone pointed out that gas was never a dollar and something cents when Obama took office? Maybe out in the middle of no where, where they have their own oil field.

This lady, Bachmann, is a prime example of a nut job. Her many, many misleading quotes almost make Palin look like she knows what she is talking about. Not quite though. If she does win the nomination, the townhall meetings and debates will be pure entertainment.


Posted by Stacey, a resident of Amberwood/Wood Meadows
on Aug 23, 2011 at 10:18 am

Stacey is a registered user.

Dana,

The taxes per gallon are usually printed on a sticker on the gas pumps. Am I missing something?


Posted by Patriot, a resident of Another Pleasanton neighborhood
on Aug 23, 2011 at 10:22 am

Stacey,

Those stickers don't include all the taxes. I provided a link that estimates the total taxes.


Posted by Patriot, a resident of Another Pleasanton neighborhood
on Aug 23, 2011 at 10:24 am

Boner,

You said:

"We only paid the gas companies what they charged and when gas was $2.85 in the gas stations and we were only paying .68 cents a gallon so it is possible to significantly reduce the cost."

You can only get prices that low by subsidizing gas, like they do in Iran and Saudi Arabia.


Posted by Stacey, a resident of Amberwood/Wood Meadows
on Aug 23, 2011 at 10:38 am

Stacey is a registered user.

Patriot,

Thanks, though your link doesn't seem to be very clear on what all the taxes are. In my opinion, gas tax information is as clear as mud even with the stickers on the pumps. For example, one couldn't just look at the receipt and tell how much was paid in tax. They don't print that information on receipts.


Posted by Stacey, a resident of Amberwood/Wood Meadows
on Aug 23, 2011 at 10:46 am

Stacey is a registered user.

The price of crude oil has the biggest effect on the price of a gallon of gas, far and above whatever tax is on gas. What does Bachmann think she will do to lower the price? Increase supply, lower demand, or strengthen the US dollar? How will she achieve that? Sounds like some sort of joke.


Posted by Boner, a resident of Another Pleasanton neighborhood
on Aug 23, 2011 at 12:43 pm

Patriot,

That was what we paid and the gas even had a purple tint to it and we were told that they tinted the gas so that they could be sure that we were not turning around and reselling the gasoline in vehicles not listed as manufacture vehicles by the state. The price we paid is exactly the rate in which farmers could buy it for so I have no idea if it were subsitized but it sure was cheap. The driver told us the difference was highway tax, CARB tax, EPA tax, MTBE requirement etc. Seems to me that we are getting hosed by our own government.


Posted by Bill, a resident of Amberwood/Wood Meadows
on Aug 23, 2011 at 1:06 pm

Purple dye in gasoline designates aviation fuel at 82 octane.

The purple dye could be a variant of red dye which is required by the IRS on tax exempt fuel that is used in, for instance, farming or ranching equipment.


Posted by Patriot, a resident of Another Pleasanton neighborhood
on Aug 23, 2011 at 1:06 pm

"How will she achieve that? Sounds like some sort of joke."

I does sound like a joke.


Posted by Stacey, a resident of Amberwood/Wood Meadows
on Aug 23, 2011 at 1:59 pm

Stacey is a registered user.

Here's for all you off-roaders: Web Link

And interestingly, those of you brewing your own biodiesel for your TDI vehicles should take note that the IRS may be after you if you don't pay up.


Posted by Boner, a resident of Another Pleasanton neighborhood
on Aug 23, 2011 at 2:53 pm

Bill,

you might be right about the color and it was for farm use or under the farm program anyway.


Posted by b, a resident of Another Pleasanton neighborhood
on Aug 23, 2011 at 7:12 pm

She cracks me up.

The price of gas has increased over the past two years because the economy has improved, and therefore demand has increased. Every capitalist understands that.


Posted by Dana, a resident of Amador Estates
on Aug 23, 2011 at 8:19 pm

"Earth-to-b, Earth-to-b,"
Apparently you are orbiting space because you must not have received the news that America was just downgraded by the S&P and this hasn't happened since around 1917.

And you say our "economy is improving???!!!" You must be defining "economy" as the rate which the Socialist Democrats are spending our hard earned money...taking it from the productive private sector and either moving it overseas to fund anything unrelated to America...or shifting it to the unproductive government class (except the military).


Posted by Miguel, a resident of Valley Trails
on Aug 23, 2011 at 10:03 pm

S and P? Weren't they one of those highly "respected" rating agencies that assured us that all the bundled up home mortgage loans were AAA rated?

S and P? Wasn't this the agency that made a whopping 2 TRILLION dollar overestimation of the nation's deficit?

I guess when you're so desperate to use anything and everything that supports your own twisted point of view, even S and P seems a valid resort. The stupidity behind such "reasoning" is difficult to fathom. My Mexican education, which isn't much, still gives me the ability to see through such nonsense.


Posted by Minuteman, a resident of Charter Oaks
on Aug 24, 2011 at 10:43 am

Let's not forget that she is a member of the Unites States Congress-with a law degree no less!-and didn't know that the shot heard round the world in the Revolutionary War was heard first in Concord, Massachusetts and not Concord, New Hampshire. Immigrants to this country trying for US citizenship know this fact and can't run for president.
The bar is set pretty low if this lady manages to get the nomination!


Posted by Secondman, a resident of Charter Oaks
on Aug 24, 2011 at 2:04 pm

Let's not forget she claimed recently that the Founding Fathers (you know, Elvis, Chuck Berry, Elton John) had been against slavery and fought to eradicate it.

A degree from an Oral Roberts university is not worth the paper it is written on. Most of her supporters (e.g., the echoing steves) are only barely literate anyway. A degree attained from the back of a cereal box would impress them.


Posted by Steve, a resident of Parkside
on Aug 24, 2011 at 2:18 pm

What's in the water in charter oaks that makes you guys so hateful? Minuteman, do we really have immigrants these days that are legally applying for citizenship? Its a myth........
You guys should get together with Miguel and consolidate your excuses and diversions from the issue of this administrations presiding over a worsening depression. Please spend more than the second or minute that your attention span allows.


Posted by Night Watchman, a resident of Charter Oaks
on Aug 24, 2011 at 3:54 pm

Poor old steve, always eager to amuse us, states: "You guys should get together with Miguel and consolidate your excuses and diversions from the issue of this administrations presiding over a worsening depression."

Gee, that's funny, I thought the issue of the thread was Michele Bachmann's outlandish prediction! Silly me. It must be my short attention span. Keep peddling that hate-fixated trike, steve. We'll try to slow down for you.


Posted by Minuteman, a resident of Charter Oaks
on Aug 25, 2011 at 6:48 am

Is it hateful to wish for a president who knows more about American history than a legal immigrant from the UK, Canada or China? I think not.
Just extrapolating here but could someone that ignorant REALLY fix this economy?


Posted by b, a resident of Another Pleasanton neighborhood
on Aug 25, 2011 at 7:05 am

Dana, by every measure, the economy has improved very substantially since 2008-09. Clearly you have a short memory of what we went through. Remember major banks failing and Dow 6600 and jobs reports that actually reported job shrinkage (the current ones all show growth, despit what you hear on Faux News). Beware of brainwashing TEA Party candidates.


Posted by steve, a resident of Parkside
on Aug 25, 2011 at 8:52 am

b-you need to site sources when you peddle the lies you promote. DOW 6600? What the heck is that?
Unemployment is over 9%, despite obami's promise to bring in under 8% with his failed stimulus. There's still over 800 banks that are in jeopardy of failing. State govt's (especially Calif) are failing to make budget and have lost federal funding because excessive spending has dried up their source of income.
So, how have things 'improved very substantially'? Some metrics and sourcing would lend credibility to your belief.


Posted by b, a resident of Another Pleasanton neighborhood
on Aug 26, 2011 at 5:59 am

Really, I need to cite sources, when it was headline news in every news source 2-3 years ago? Why doesn't Michelle Bachmann have to cite sources for her looney claims?

Dow 6660 - that's where the Dow Jones closed during the worst of this crisis. We are now north of 11000. That seems like a slight improvement.

Unemployment has a very long way to go. But it has been heading in the right direction for the past couple years. Pay attention to the weekly jobs reports. Over and over, they show increases in jobs, as opposed to the falling-off-a-cliff job loss reports of 2008-09.

Your TEA Party friends occasionally try to spin them as horrible because only X jobs are being created, but that sure beats hemorraging jobs. Blows my mind that they manage to follow you into seeing positive numbers as bad.

As I always say with TEA Party logic, up is down, and down is up.


Posted by steve, a resident of Parkside
on Aug 26, 2011 at 8:51 am

b-I'm not much of a Kool-Aid drinker.....what's it like, anyway?
Fortunately, I'm woring today. Unfortuantely, many people are not and have not been for years in some cases. Hence the constant cries for extensions on unemployment benefits (99 weeks and counting).
I work for the company that publishes the employment figures used to track trends over time. You said pay attention ot the weekly jobs reports and I do....it's like watching a roller coaster, plus there are subsequent revisions that constantly surprise the so-called experts in the administration, that get little coverage in the media.
Check the chart at this link: Web Link
"But it has been heading in the right direction for the past couple years" That's an absolutely false statement based on the statistics. Since obama assumed office, employment tanked, but there has been a recent uptick-it coincides with the landslide elections of 2010.


Posted by Charlene, a resident of California Reflections
on Aug 26, 2011 at 9:01 am

After viewing stevo's 'web link', and then assessing HIS read of it, we are left with the following:

That's why, children, you should study hard in school. Education will enhance your ability to use your intellect to overcome your blind emotions and hatreds.

Were I stevo's boss, I'd have two words for him: 'You're fired'


Posted by Stacey, a resident of Amberwood/Wood Meadows
on Aug 26, 2011 at 9:10 am

Stacey is a registered user.

b,

Bachmann doesn't have to cite sources for her loony claims because her job isn't to sell the truth. She's free to say whatever sells, just like $2 per gallon gasoline.

Here's her PolitiFact track record so far. Web Link

True (1)
Mostly True (2)
Half True (2)
Mostly False (5)
False (13)
Pants on Fire (7)


Posted by Laura, a resident of Ruby Hill
on Aug 26, 2011 at 4:18 pm

Thank goodness Bachmann is likely to be bounced out by the ever capable Rick Perry. I like his swagger and Texan drawl. I like the fact that he was a really good student in college (he graduated) and would've had an even higher grade point average were it not for the liberal elitist economics professor who gave him a D in Econ. Only a couple of weeks ago he expressed support for NY's liberal legalization of gay marriage (state's rights), but thankfully has reversed himself over the past couple of days and now supports federal legislation that bans gay marriage. His opponents call him oily, but I think that's a good quality to have when dealing with the liberal media elites. When faced with hardball questions like, what newspapers do you read, he'll be able to just ooze out of that one. He reminds me of another great governor out of Texas who became president of these United States. Other positives ... He's male, Christian, and best of all he's white.


Posted by Carmen, a resident of Charter Oaks
on Aug 26, 2011 at 4:32 pm

steve says, "Fortunately, I'm woring today." Is that 'woring' missing a 'k' or an 'h'? Same thing? Who knows?

Is that what workers do in the private sector? On company work time use the company's stats in order to make a consistent fool of themselves by sending out posts like steve does everyday? So that's why America's private sector is doing so well, eh? And then there's Steve's interpretation of the data.... Again, so that's why America's private sector is doing so well, eh? And we wonder why we're being outcompeted by so much of the rest of the world? It has to start with education, and as steve's posts so amply demonstrate: without a good education, we're doomed to idiocy.


Posted by no name, a resident of Dublin
on Aug 26, 2011 at 4:53 pm

Here's Bruce Bartlett, chief domestic policy adviser to Ronald Reagan:



"Rick Perry's an idiot, and I don't think anyone would disagree with that."



Posted by Gloria, a resident of Rosewood
on Aug 27, 2011 at 1:44 pm

Michelle Bachmann has my vote! Who wouldn't like gas at less than 2 bucks a gallon. I could fill up my Escalade for less than 60 dollars!


Posted by Cholo, a resident of Livermore
on Aug 28, 2011 at 8:43 pm

i've heard that the Bachmann's are major shareholders in dunkin donuts...


Posted by Stacey, a resident of Amberwood/Wood Meadows
on Aug 28, 2011 at 9:58 pm

Stacey is a registered user.

Bachmann Buzzword Watch: "Energy", when she means oil and gas only.


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