We've seen this movie before. Ahead of a big holiday that traditionally involves post-winter travel, gas prices begin to rise. They rise in the spring, ahead of Memorial Day and Easter. Then later, they'll raise again before the Fourth of July. We've been spared the worst of this lately, because of a poor economy. Gas prices need to respond to the economy and low demand means low prices. The price of a good or recovering economy is higher prices. It can't really be helped. And, of course, there's always the "genius of the free market" -- in the form of speculators -- artificially inflate the price of oil.
In our present circumstance, speculators are the biggest problem. Oil prices are
actually falling -- and prices at the pump rise. If you ever needed any evidence that the price of gas is inflated, there you go.
Still, it's the president taking the beating here.
Washington Post:
Disapproval of President Obama’s handling of the economy is heading higher — alongside gasoline prices — as a record number of Americans now give the president “strongly” negative reviews on the 2012 presidential campaign’s most important issue, according to a new Washington Post-ABC News poll...[CLICK TO READ FULL POST]
