Current gasoline prices are only 10% below their all time high:
The average price for a gallon of gasoline in the United States has moved closer to $4, jumping more than 19 cents since mid-March to a level less than 10 percent below its all-time high, a widely followed survey said on Sunday.
The Lundberg Survey said the national average price of self-serve, regular unleaded gas was $3.765 on Friday, up from $3.573 on March 18, and up 91.3 cents from $2.852 a year ago.
A recent headline on the Drudge Report says it all:
The story says:
The growing pain at the pump kind of snuck up on many Chicago drivers, but now they’re really feeling the bite.
“I just paid $3.54 for gas,” said Michelle as she filled up at a Chicago gas station. “It’s just outrageous.”
Just a month ago, according to AAA Chicago, unleaded regular averaged $2.86 a gallon in the Chicago area.
Last week, it was $3.02.
Now, it’s $3.08 and many predict it’s heading higher; much higher.
Daniel Flynn, energy trader at PFG Best Research, was asked just how high the gas prices might go.
“That’s the good question,” said Flynn. “I’ve heard as high as $4 a gallon. Some analysts are saying $4.”
Let’s flash back to when we had a different president in the White House:
On March 5, 2003, Senator Carl Levin, the Ranking Minority Member of the Senate’s Permanent Subcommittee on Investigations, released a report prepared by the minority staff that reveals why gasoline prices soared under the Bush administration. It has to do with the nation’s Strategic Petroleum Reserves (SPR) and some odd decisions by the Department of Energy (DOE) after consulting with White House officials.
Whatever the motivation, this much is clear: American citizens had to pay and are still paying a hefty price for gasoline and home heating oil. In the end, regardless of the lip service Mr. Bush may offer to the American people on how he is benefiting all citizens, the facts show he benefits those corporations who made large contributions to his campaigns.
Another story contrasts Bush’s answers about rising gasoline prices (up to $4 per gallon) and the building of his library:
During his press conference today, a reporter asked President Bush what his “advice” would be to the “average American” who is “facing the prospect of $4 a gallon gasoline.” Bush replied, “That’s interesting, I hadn’t heard that.” Yet a few minutes later, Bush wouldn’t answer a question regarding donations for his presidential library because, he claimed, “I, frankly, have been focused elsewhere, like on gasoline prices.”
One of the commenters (Fan of Man) made this remark just below the story:
yeah, focused on how he can help his oil buddies get it up to $5.00 a gallon…. it used to cost me $15.00 to fill up my 95 saturn…. now it costs over $40.00.
impeach this assclown already.
I wonder… will we be hearing similar comments about President Obama?
I paid $3.69 per gallon of 91 Octane the other day at a San Francisco Chevron station.
To read how the Obama administration and his party have damaged our economy with their silly energy policies read Energy Production in America – Our Achilles’ Heal.