gas prices are determined by the price of oil which is set on the free market as well as supply and demand. he demand of oil worldwide is skyrocketing due to China and India developing and adding more vehicles to the road. all based on free market principles.
Interesting proposition, except of course that factors such as allowable drilling on federal lands, keystone pipeline, off shore permits (often controlled by the states), have a massive impact on oil prices.
The effect of Obama on oil prices has to do with his interference with domestic production.
{ "We cannot drill our way to lower gas prices." This one is just an outright lie, and anyone with any intelligence will tell you that. The liberals will tell you that oil prices are based on the world market and are controlled by OPEC. There are two ways to attack that kind of thinking. First of all; If prices are controlled by the world market and introducing more oil into the market doesn't matter, than why does OPEC increase and decrease production to raise and lower prices? Also, why did oil prices drop sharply after President Bush announced that he was removing the drilling moratorium off of the east and west coasts of America, opening them up to exploration. Don't let Liberals lie to you, supply and demand still control prices. If we increased our oil production by 10 to 20%, oil prices worldwide would plummet.}
Obama is lying about oil production
are you now wishing that all oil be nationalized and price fixed? because by definition that would be socialism for which the right claims is happening every day under Obama.
Did splatter from a pan of bacon burn me? Should I douse myself with kerosine and set myself ablaze? The issue we have is too much government interference, not too little.
and how does the price of gas affect the tax rate individuals pay based on their income level?
The question was the Obama assault on the middle class. The graph illustrates a double edged sword of declining income and sharply increasing energy costs, significantly lowering the standard of living for the Bourgeoisie (the middle class.) My statement is the left continues to wage war on the middle, as it has done since the time of Marx. The Obama tax is designed to burden small business, which we all know it the way up from the lower middle class to the upper classes.
Obama and the democrats are pulling the ladder of success up to keep the riff-raff down.