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Pres. Obama may have caught a break in today's jobs numbers, but retail gasoline prices -...

  • Friday, October 5, 2012, 6:20 PM ET
    Pres. Obama may have caught a break in today's jobs numbers, but retail gasoline prices - already the highest on average since July 2008 - likely will continue to climb this month as refinery and pipeline problems overshadow weakness in U.S. consumer demand. "It will only take another refinery issue and a bit more geopolitical noise to have the first U.S. election [with gas] at $4/gallon," one analyst says.
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This news story has 14 comments:

  •  
    maybe they can manipulate the gas prices like they did the part-time job "gains"
    5 Oct 2012, 06:27 PM Reply Like
  •  
    No one is manipulating labor stats, jeebus.

    However, this administration HAS been the most shameless, I mean aggressive at wasting SPR to drive to drive down gas prices.
    5 Oct 2012, 06:31 PM Reply Like
  •  
    They're already trying to with SPR release rumors.
    5 Oct 2012, 06:34 PM Reply Like
  •  
    yeah just read that both Romney & Obama may have had something to do with the unemployment rate as they hired a load of part time staff workers..... sounds plausible.

    It is a shame that hiring a part worker counts as being employed....
    5 Oct 2012, 06:57 PM Reply Like
  •  
    Speaking of manipulation: is there any doubt that the oil business is artificially constraining supply here? Pipeline problems? Ridiculous.
    5 Oct 2012, 06:39 PM Reply Like
  •  
    restricting supply? domestic production is at the highest levels in years.

    http://1.usa.gov/VsXG3J

    Crude supply is not the problem, refining capacity is.
    5 Oct 2012, 07:37 PM Reply Like
  •  
    Power failures at Exxons refinery is the main problem along with
    the elite brew that Calif. requires.
    6 Oct 2012, 03:53 PM Reply Like
  •  
    They could also just stop printing money. I know it's not going to happen, just a thought though.
    5 Oct 2012, 06:55 PM Reply Like
  •  
    The jobs numbers I believe are manipulated and Obama is in panic mode.
    5 Oct 2012, 07:04 PM Reply Like
  •  
    Jack Welch has become a senile old coot.
    5 Oct 2012, 09:29 PM Reply Like
  •  
    Mitt Romney said today he believed the numbers.
    5 Oct 2012, 07:27 PM Reply Like
  •  
    Terry - now you believe in Mitt ?

    (Did hell freeze over ?)
    5 Oct 2012, 09:26 PM Reply Like
  •  
    I think even Romney wasn't stupid enough to jump on the conspiracy train that the BLS manipulated the numbers to support "baaaama.
    6 Oct 2012, 12:17 AM Reply Like
  •  
    The real number is that the workforce is shrinking as people give up and although it makes the UE rate look better it means less tax revenues and a smaller and slower economy. If we right size the workforce to pre recession numbers then the UE rate is over 11%. There is reason to think it is even much higher due the fact that people are taking part time work because they cannot find full time work. Just another reason the middle class is getting crushed as income per family keeps dropping.

    We need UE down to 5% which is around a 3% growth rate in GDP while at the same time we get the people back in the workforce that are just not playing any more. Our increase right now in GDP is likely just price increases so the economy is really bad.

    If we grow the economy not only will UE come down we should also see labor rates rise as companies have to fight for employees.

    Anyone bragging over this UE rate is an incompetent fool or believes the listeners are incompetent fools and don't understand what is going on.
    6 Oct 2012, 01:54 AM Reply Like
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