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$4.25 a Gallon? Gas Prices Could Be Trouble for Obama

Republicans plan to make it a big issue

By John Johnson,  Newser Staff

Posted Feb 18, 2012 8:00 AM CST | Updated Feb 18, 2012 1:07 PM CST

(Newser) – The AP is out with stats that will not be welcome news at the White House: Gas is at $3.53 a gallon, up 25 cents from Jan. 1. Worse, one forecast sees $4.25 a gallon by May. And as the New York Times reports, the GOP can't wait to make this a campaign issue. “This debate is a debate we want to have,” John Boehner told House Republicans this week, according to an anonymous aide. "Certainly, this summer will see the highest gas prices in years. Your constituents saw those reports, and they’ll be talking about it.”

In fact, the issue already is showing up on the campaign trail, with Rick Santorum faulting President Obama's "radical agenda" on energy and Newt Gingrich tweeting yesterday that "gasoline prices are unacceptable." The Obama team is bracing for the onslaught, and the president is expected to go on the offensive by citing his push to increase fuel efficiency and to open up more areas for natural gas and oil exploration, notes the Times. Republicans, on the other hand, plan to remind voters that Obama rejected (at least for now) the Keystone pipeline.

Gas prices are going up, up, up.
Gas prices are going up, up, up.   (AP Photo/Pat Wellenbach)
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COMMENTS
Showing 3 of 104 comments
jgarbuz
Feb 19, 2012 3:22 PM CST
Since OPEC, and particularly Saudi Arabia, has the power to limit or expand crude production thereby making prices go up or down, why don't the wheat and grain producing countries, such as the US, Canada, Australia, Argentina and Russia create an OWEC, or Organization of Wheat Exporting Countries and take control of food prices? Tit for tat. As oil prices go up, we cut back the export of wheat and grains to raise the prices of those commodities too?  But the fact is, that even if the US and Canada increase domestic oil production, the overall drop in price will not be that great because we really don't have all that much proven reserves, unless we go to shale oil which is very energy and water intensive and polluting. So the idea that we can produce our way back down to much lower prices is not for real. The growth of oil use in Asia and the rest of the world far outstrips what little extra we can produce domestically.
B-Diddy
Feb 19, 2012 2:08 PM CST
We need to start using our own oil. Stop importing it .  Fucking dumb ass oil companies
saucier111
Feb 19, 2012 2:08 PM CST
This shows me that the replubicians are puppets for big oil. Wait till we bust big oil for price fixing.
 

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