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Should we tap the Strategic Petroleum Reserve to lower gas prices?

GasBuddy Blog -- The U.S. average price of gasoline, approaching $3.70 per gallon, has increased 30 cents per gallon in the past 30 days. The highest prices in the country, after Hawaii ($4.39), are found in California where the state's average price is $4.30 per gallon and Santa Barbara records the highest average price in the state at $4.43 per gallon.

And, regretfully, the ides of March still remain ahead of us. but the short-term future is looking a lot like 2008, when we hit record prices as the U.S. average price peaked at $4.12 per gallon on July 15, 2008 and NYMEX crude oil peaked at $147 per barrel. Speculation on crude oil was driven then by the weak dollar and candidates running for president all said they had the answers to bring...

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Submitted Feb 28, 2012 By: PD

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4064BORI Champion Author Virginia Beach Posts:1,393 Points:431,995 Joined:Feb 2010	Message Posted: Feb 28, 2012 10:15:56 PM Ignore 4064BORI Report Abuse ok
NemoIL Champion Author Illinois Posts:3,164 Points:1,340,880 Joined:Aug 2008	Message Posted: Feb 28, 2012 10:14:04 PM Ignore NemoIL Report Abuse No, it is a political ploy, it will not make any real difference. Want to lower prices approve the keystone pipeline.
sammy518 Champion Author Austin Posts:2,589 Points:539,790 Joined:Dec 2010	Message Posted: Feb 28, 2012 10:13:19 PM Ignore sammy518 Report Abuse ok
sillywagon Champion Author New York Posts:15,113 Points:1,468,820 Joined:Oct 2008	Message Posted: Feb 28, 2012 10:12:44 PM Ignore sillywagon Report Abuse No!!! Only greedy politicians unconcerned with the future and only their next cheap re-election would be in favor of opening the strategic oil reserve.
ericbcire Champion Author Nevada Posts:4,660 Points:1,295,035 Joined:Aug 2009	Message Posted: Feb 28, 2012 10:06:59 PM Ignore ericbcire Report Abuse We'll just ship it to China.
amearly Champion Author Michigan Posts:12,255 Points:2,494,335 Joined:Jan 2006	Message Posted: Feb 28, 2012 10:06:51 PM Ignore amearly Report Abuse Why so we can pay a higher price to refill it ?
kcboy Champion Author Utah Posts:4,089 Points:1,533,170 Joined:Jun 2005	Message Posted: Feb 28, 2012 10:05:22 PM Ignore kcboy Report Abuse No
schvanda63 Champion Author Lansing Posts:1,412 Points:280,270 Joined:Mar 2008	Message Posted: Feb 28, 2012 10:02:50 PM Ignore schvanda63 Report Abuse "Speculation on crude oil was driven then by the weak dollar and candidates running for president all said they had the answers..." So 4 years later nothing has changed. Speculation runs rampant and politicians LIE. The system is BROKEN and NEEDS to be changed.
skyking19 Champion Author Little Rock Posts:2,021 Points:1,722,740 Joined:Jan 2007	Message Posted: Feb 28, 2012 10:01:52 PM Ignore skyking19 Report Abuse NO
30mpg80 Champion Author Lexington Posts:10,265 Points:1,514,580 Joined:Nov 2008	Message Posted: Feb 28, 2012 10:00:04 PM Ignore 30mpg80 Report Abuse Not yet
asog75 All-Star Author Indiana Posts:838 Points:283,245 Joined:Aug 2011	Message Posted: Feb 28, 2012 10:00:03 PM Ignore asog75 Report Abuse still not a good idea,once you use it what then .replenish with more expensive oil.!!!
30mpg80 Champion Author Lexington Posts:10,265 Points:1,514,580 Joined:Nov 2008	Message Posted: Feb 28, 2012 9:59:37 PM Ignore 30mpg80 Report Abuse Wait a bit more
NatureBoyKY Champion Author Kentucky Posts:3,434 Points:1,310,405 Joined:Jan 2008	Message Posted: Feb 28, 2012 9:59:33 PM Ignore NatureBoyKY Report Abuse Absolutely Not.
30mpg80 Champion Author Lexington Posts:10,265 Points:1,514,580 Joined:Nov 2008	Message Posted: Feb 28, 2012 9:59:19 PM Ignore 30mpg80 Report Abuse Not yet
30mpg80 Champion Author Lexington Posts:10,265 Points:1,514,580 Joined:Nov 2008	Message Posted: Feb 28, 2012 9:58:47 PM Ignore 30mpg80 Report Abuse No, not until Iran does something crazy
Taurus1 Champion Author Ohio Posts:3,214 Points:1,693,005 Joined:Apr 2006	Message Posted: Feb 28, 2012 9:57:51 PM Ignore Taurus1 Report Abuse I wish the candidates really had answers, instead of political retoric.
RitaVespa Champion Author Oregon Posts:3,109 Points:819,820 Joined:Jan 2011	Message Posted: Feb 28, 2012 9:57:04 PM Ignore RitaVespa Report Abuse Absolutely not!
OKRifle Champion Author Oklahoma City Posts:10,582 Points:1,837,985 Joined:Oct 2007	Message Posted: Feb 28, 2012 9:56:17 PM Ignore OKRifle Report Abuse It is yatti, yak talk to get the scum bag in the White House reelected!
saleboss Champion Author Phoenix Posts:3,954 Points:1,184,550 Joined:Feb 2006	Message Posted: Feb 28, 2012 9:56:16 PM Ignore saleboss Report Abuse The strategic reserve is for emergencies, this ain't an emergency yet!
Digger52 Champion Author Chicago Posts:2,536 Points:875,415 Joined:Aug 2008	Message Posted: Feb 28, 2012 9:54:27 PM Ignore Digger52 Report Abuse Maybe they'll wait til prices get to $6/gallon. . . do it NOW
gmcgas Champion Author Atlanta Posts:6,094 Points:1,741,870 Joined:Mar 2004	Message Posted: Feb 28, 2012 9:52:48 PM Ignore gmcgas Report Abuse no.
bra0712 Champion Author Arizona Posts:3,790 Points:795,575 Joined:Nov 2008	Message Posted: Feb 28, 2012 9:51:46 PM Ignore bra0712 Report Abuse I already said yes to this article
DEG Champion Author Las Vegas Posts:17,745 Points:3,519,480 Joined:Jul 2003	Message Posted: Feb 28, 2012 9:50:05 PM Ignore DEG Report Abuse Absolutely not. The SPR is for emergencies. Diminishing the amount of oil in the SPR when oil is plentiful only weakens the country.
ejbuckeyes Veteran Author Columbus Posts:316 Points:64,845 Joined:Dec 2011	Message Posted: Feb 28, 2012 9:48:09 PM Ignore ejbuckeyes Report Abuse ok
molebaby96 Champion Author Tallahassee Posts:2,173 Points:529,005 Joined:Nov 2011	Message Posted: Feb 28, 2012 9:47:57 PM Ignore molebaby96 Report Abuse No.
zacksnanny Champion Author New Brunswick Posts:1,664 Points:2,227,245 Joined:Aug 2005	Message Posted: Feb 28, 2012 9:43:33 PM Ignore zacksnanny Report Abuse Our governments should do anything to lower our gas prices. It is crazy how the oil companies are screwing us.
jjjleblanc Champion Author Rochester Posts:6,000 Points:1,545,570 Joined:Jun 2008	Message Posted: Feb 28, 2012 8:41:03 PM Ignore jjjleblanc Report Abuse Not unless our military runs on batteries and solar power.
Tacodan Champion Author Cincinnati Posts:2,457 Points:680,780 Joined:Apr 2011	Message Posted: Feb 28, 2012 7:55:07 PM Ignore Tacodan Report Abuse no lets just empty our pockets !......................
playtimeCLE Champion Author Cleveland Posts:8,699 Points:1,571,100 Joined:Nov 2008	Message Posted: Feb 28, 2012 7:52:41 PM Ignore playtimeCLE Report Abuse Save it for when Iran tries to close the straight. You know there going to try it sooner or later. And that's what its really for.
tomok Champion Author Portland Posts:33,595 Points:2,373,210 Joined:Aug 2006	Message Posted: Feb 28, 2012 7:34:00 PM Ignore tomok Report Abuse The last time it was released, they sold it on the oil market and there was NO relief at the pump. Save the SPR for the reason it was put into place for – In Case of Emergency, ICE. The price of fuel at the pump is too high! 12/22/2012!
ExplorerWA Champion Author Washington Posts:4,235 Points:824,100 Joined:Feb 2011	Message Posted: Feb 28, 2012 7:16:50 PM Ignore ExplorerWA Report Abuse This article was posted yesterday. "It was created for strategic national defense and military use". No, leave it alone and develop our own resources and get off of OPEC, out of the coming possible nuclear war with Iran and avoid the coming economic collapse of our economy and a greater depression. The choice is clear to me but you decide.
ziyulu Champion Author Oklahoma City Posts:8,635 Points:1,629,620 Joined:Aug 2007	Message Posted: Feb 28, 2012 6:59:43 PM Ignore ziyulu Report Abuse This topic was already discussed in our opinion poll.
Jeff4U Champion Author Atlanta Posts:8,891 Points:1,879,850 Joined:Nov 2004	Message Posted: Feb 28, 2012 5:56:56 PM Ignore Jeff4U Report Abuse This topic was already discussed yesterday and the day before.
nervous Sophomore Author Ventura Posts:222 Points:4,565 Joined:Oct 2010	Message Posted: Feb 28, 2012 5:50:11 PM Ignore nervous Report Abuse No,You could blink an eye and miss it. We didn't notice any relief the last time. High gas prices are an agenda!
PathfinderSC Champion Author South Carolina Posts:9,657 Points:1,858,340 Joined:Mar 2008	Message Posted: Feb 28, 2012 5:46:48 PM Ignore PathfinderSC Report Abuse No
ktbaeohana Champion Author Las Vegas Posts:2,412 Points:442,125 Joined:Mar 2010	Message Posted: Feb 28, 2012 5:11:27 PM Ignore ktbaeohana Report Abuse One way or other, oil will still be import any way.
Edpap Champion Author Pennsylvania Posts:4,486 Points:530,650 Joined:Oct 2011	Message Posted: Feb 28, 2012 4:33:18 PM Ignore Edpap Report Abuse NO...They will just export more oil, it won't help the pump price.
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: Feb 28, 2012 4:22:33 PM Ignore LEGION57 Report Abuse NO WAY!
PimpinFoDaGaz Sophomore Author Massachusetts Posts:235 Points:40,725 Joined:Feb 2012	Message Posted: Feb 28, 2012 4:07:34 PM Ignore PimpinFoDaGaz Report Abuse Release reserves to the 'open market', no way!
sandy29IL Rookie Author Illinois Posts:32 Points:9,230 Joined:Feb 2012	Message Posted: Feb 28, 2012 4:05:21 PM Ignore sandy29IL Report Abuse like we can believe campain promises
gizbo123 Champion Author Los Angeles Posts:1,596 Points:1,777,650 Joined:Dec 2005	Message Posted: Feb 28, 2012 3:41:47 PM Ignore gizbo123 Report Abuse It didn't make any diff b4 and if it did, what a few months if that. Momma loves to lower our security.
MN1 Champion Author Twin Cities Posts:3,494 Points:677,915 Joined:Jun 2011	Message Posted: Feb 28, 2012 3:40:21 PM Ignore MN1 Report Abuse More oil will make no difference, it will just add to the speculators profits resulting from market swings.
des7902 Veteran Author Virginia Posts:385 Points:212,240 Joined:May 2011	Message Posted: Feb 28, 2012 3:37:43 PM Ignore des7902 Report Abuse We don't need more oil, there is plenty of oil. We need to get wall street out of the oil market.
humblepie Champion Author Toledo Posts:35,329 Points:2,399,070 Joined:Mar 2006	Message Posted: Feb 28, 2012 3:29:14 PM Ignore humblepie Report Abuse more liberal road apples
djdon917 All-Star Author New Jersey Posts:849 Points:58,305 Joined:Oct 2007	Message Posted: Feb 28, 2012 3:07:06 PM Ignore djdon917 Report Abuse No DO NOT TOUCH and hands off OBAMA i mean HANDS OFF!!!!
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Feb 28, 2012 3:06:27 PM Ignore graceman Report Abuse I agree with Dphillips720, speculators are causing most of the problems.
humblepie Champion Author Toledo Posts:35,329 Points:2,399,070 Joined:Mar 2006	Message Posted: Feb 28, 2012 2:57:13 PM Ignore humblepie Report Abuse what a dumb idea, more oil isnt the problem obama's epa regs and mandates are........
NedW Champion Author Indianapolis Posts:5,750 Points:1,167,995 Joined:Mar 2008	Message Posted: Feb 28, 2012 2:55:33 PM Ignore NedW Report Abuse It didn't affect gas prices before and how could it? It's very little and whatever's released is swamped out by the world market. It's for emergencies only.
Dphillips720 Champion Author Michigan Posts:1,417 Points:550,600 Joined:Mar 2011	Message Posted: Feb 28, 2012 2:48:00 PM Ignore Dphillips720 Report Abuse yes shut down the specs
fowlcan Champion Author Oklahoma City Posts:2,210 Points:710,395 Joined:Feb 2011	Message Posted: Feb 28, 2012 2:45:43 PM Ignore fowlcan Report Abuse Been a survey of GBuddy......... I still say NO!
hoosierva Champion Author Indianapolis Posts:1,036 Points:492,970 Joined:Jul 2011	Message Posted: Feb 28, 2012 2:40:51 PM Ignore hoosierva Report Abuse no, no NOOOO
BIGOILEATURCRUD Champion Author North Carolina Posts:5,948 Points:1,406,840 Joined:Nov 2008	Message Posted: Feb 28, 2012 2:40:47 PM Ignore BIGOILEATURCRUD Report Abuse Strategic Petroleum Reserve With a capacity of 727-million-barrels, U.S. Strategic Petroleum Reserve is the largest stockpile of government-owned emergency crude oil in the world. Established in the aftermath of the 1973-74 oil embargo, the SPR provides the President with a powerful response option should a disruption in commercial oil supplies threaten the U.S. economy. It is also the critical component for the United States to meet its International Energy Agency obligation to maintain emergency oil stocks, and it provides a national defense fuel reserve. Strategic Petroleum Reserve Naw. ;( [Edited by: BIGOILEATURCRUD at 2/28/2012 2:44:49 PM EST]