Rising oil prices, lower refining capacity, Middle East tension and speculators are propelling prices. The spike in crude, now at nine-month highs, has driven regular gas to a record February high of $3.65 a gallon — up 42 cents over a year ago. Motorists along both coasts are paying more: an average $4.20 in California and $3.91 a gallon in New York.
Florida drivers are paying $5.89 a gallon near Disney World, while gas at some Chicago, San Francisco and Los Angeles stations is up to $4.85.
“I don’t foresee any situation — even a worsening crisis in Iran — that results in $5 a gallon gas nationally,” said Patrick DeHaan of price-tracker gasbuddy.com. “You’re going to see hot spots . . . that push prices towards $5, but the national range will be $3.75 to $4.15. We don’t see a scenario for a national average higher than that for any length of time.”
Typically, prices climb through Memorial Day. Increased pain at the pump is already heightening fears that consumer spending will slow, derailing the economic recovery. Prices hit a record $4.11 a gallon in July 2008 and peaked last year at about $3.98.”
So Americans have, for a good chunk of Obama’s presidency, paid more than the price he deemed so outrageous back in 2008.
I suppose not enough Americans are following the automotive advice of the man who probably hasn’t driven himself anywhere since 2006 or so:
“All the oil that they’re talking about getting off drilling, if everybody were just inflating their tires and getting regular tune-ups, you could save just as much.”
As I wrote in 2008, Obama’s math was wildly off, even if we could somehow ensure that not a single American drove with under-inflated tires.
And back in 2005 Debbie Wasserman Schultz did the same thing on $3 gasoline. What is intolerable is for the last three years Barack Obama has gone out of his way to hurt the oil industry in the United States and his Administration admitted his goal was to have gasoline prices as high as they are in Europe. Here is the link of Stephen Chu, Obama's energy secretary saying that: External Link
The unfortunate fact is that gas prices have been steadily rising for a while now, and Obama's approval ratings have been steadily rising, as well. For whatever reason, the American public seems to personally like the guy so much personally, that they will give him the benefit of any doubt. IMO, there's no way he loses on November. Even last year when the economy was at it's low point, Obama's approval only went down to around 43-44 percent, which shows just high a floor he has. If the economy is in anything but a full-fledged recession, he'll be at 50% or above.
Candidate Obama seems more cheesed off that an American oil corporation is turning a profit rather than the consumer's cost of gas. That's why he lists that item first in his diatribe.
And back in 2005 Debbie Wasserman Schultz did the same thing on $3 gasoline. What is intolerable is for the last three years Barack Obama has gone out of his way to hurt the oil industry in the United States and his Administration admitted his goal was to have gasoline prices as high as they are in Europe. Here is the link of Stephen Chu, Obama's energy secretary saying that: External Link
Reply to this commentLinkReport AbuseThe unfortunate fact is that gas prices have been steadily rising for a while now, and Obama's approval ratings have been steadily rising, as well. For whatever reason, the American public seems to personally like the guy so much personally, that they will give him the benefit of any doubt. IMO, there's no way he loses on November. Even last year when the economy was at it's low point, Obama's approval only went down to around 43-44 percent, which shows just high a floor he has. If the economy is in anything but a full-fledged recession, he'll be at 50% or above.
Reply to this commentLinkReport AbuseCandidate Obama seems more cheesed off that an American oil corporation is turning a profit rather than the consumer's cost of gas. That's why he lists that item first in his diatribe.
Reply to this commentLinkReport AbuseI just noticed gas going back up within the last couple of weeks, and it's taking a bite! And food has been going up again.
Reply to this commentLinkReport Abuse