Conservative
Type 40
Current average price per gallon is $3.579.
Daily Fuel Gauge Report--national, state and local average prices for gasoline, diesel and E-85.
The Obama administration doesn't think that's high enough.
RealClearPolitics - Aren't High Gas Prices What Democrats Want?
Daily Fuel Gauge Report--national, state and local average prices for gasoline, diesel and E-85.
The Obama administration doesn't think that's high enough.
RealClearPolitics - Aren't High Gas Prices What Democrats Want?
Average price per US gallon in Europe is about $6.00In 2008, Steven Chu, Obama's (and, sadly, our own) future secretary of energy (sic) lamented, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." The president, when asked whether he thought $4-a-gallon gas prices were good for the American economy, said, "I think that I would have preferred a gradual adjustment."
How gradual? Like, what, four years? Or is it eight?
Subsidizing quixotic green companies or creating carbon credits won't stop the rules of basic economics. If the gas crunch starts hitting the economy, it's doubtless that we will get an earful of populist hand-wringing and that we'll hear the administration once again blame wealthy speculators and nasty oil companies.
Yet in the end, high gas prices are part of the plan. This is what the administration wants.
Last edited: