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Higher gas prices: The folly of blaming Obama for higher gas prices  - The real problem is not that gas gets expensive sometimes, but that the United States, with its extremely high levels of per capita oil consumption, is much more vulnerable to supply disruptions than are rich countries in Asia and Europe. A larger share of Americans drive on a daily basis, and they drive heavier cars longer distances. Not coincidentally, gasoline is cheaper here thanks to lower taxes. But while American politicians like to pay lip service to the idea of tax reform that encourages work and investment, they refuse for political reasons to levy higher fees on environmentally and economically destructive gasoline in exchange for lower taxes on socially beneficial labor and savings. Until that happens we’re doomed to endless repetition of the pointless gas-price blame game every time global conditions push prices up.

    Higher gas prices: The folly of blaming Obama for higher gas prices  - The real problem is not that gas gets expensive sometimes, but that the United States, with its extremely high levels of per capita oil consumption, is much more vulnerable to supply disruptions than are rich countries in Asia and Europe. A larger share of Americans drive on a daily basis, and they drive heavier cars longer distances. Not coincidentally, gasoline is cheaper here thanks to lower taxes. But while American politicians like to pay lip service to the idea of tax reform that encourages work and investment, they refuse for political reasons to levy higher fees on environmentally and economically destructive gasoline in exchange for lower taxes on socially beneficial labor and savings. Until that happens we’re doomed to endless repetition of the pointless gas-price blame game every time global conditions push prices up.

    — 2 years ago with 1 note
    #news  #politics  #gas prices  #president obama  #blame obama  #gop  #republicans 
    GAS PRICES fall for fifth straight week – The average cost of one gallon of gas in the U.S. dropped to $3.79 on Monday, a 3.8 percent decrease from the 2012 high of $3.94 on April 2. It’s also the fifth consecutive week that gas prices decreased. That’s welcome news for Americans with upcoming summer road trips, people tired of getting gouged at the pump, and Barack Obama. When gas prices were dancing upwards in March and April owing to fears of war with Iran and problems in Afghanistan, a New York Times/CBS News poll found that 54 percent of respondents believed that a president can do a lot to control gas prices, while 36 percent said that gas prices are beyond a president’s control. – Daily Intel

    GAS PRICES fall for fifth straight week – The average cost of one gallon of gas in the U.S. dropped to $3.79 on Monday, a 3.8 percent decrease from the 2012 high of $3.94 on April 2. It’s also the fifth consecutive week that gas prices decreased. That’s welcome news for Americans with upcoming summer road trips, people tired of getting gouged at the pump, and Barack Obama. When gas prices were dancing upwards in March and April owing to fears of war with Iran and problems in Afghanistan, a New York Times/CBS News poll found that 54 percent of respondents believed that a president can do a lot to control gas prices, while 36 percent said that gas prices are beyond a president’s control. – Daily Intel

    — 2 years ago with 7 notes
    #news  #politics  #gas prices  #gas prices fall  #fifth straight week  #president obama 
    Gas prices expected to drop below $3 — Republicans suddenly silent on Obama’s role →

    Think Progress reports, “Experts predict average gas prices may fall below $3 this fall after dropping 14 cents in two weeks. When prices hit a record high, Republicans attributed sole responsibility to President Obama, even though there is no evidence that factors like drilling impact what consumers pay. Just two months ago, Republicans said Obama shouldered the blame for rising gas costs, and that only he had the “key” to lower gas prices…

    “Are Republicans now reversing their rhetoric and giving Obama credit for falling gas prices? Of course not. […] Obama’s policies haven’t changed since April: the Keystone XL pipeline has not been built, drilling hasn’t drastically changed, and the same regulations are in place. Yet gas prices have fallen. Economics says he isn’t responsible, either way.”


    image: think4yourself

    Of course, if prices do go back up it won’t be because of Obama’s policies either — though we can be sure that Republicans will sell it that way even if Mother Nature is to blame:

    As of Sunday, 23 percent of oil and gas production in the region had been suspended, according to a government hurricane response team. Employees have been evacuated from 13 drilling rigs and 61 production platforms in the Gulf of Mexico. The storm was not expected to result in higher oil and gas prices. “It’s largely a non-event for oil,” said Tom Kloza, chief oil analyst at the Oil Price Information Service.

    — 2 years ago with 2 notes
    #economy  #news  #politics and tagged below $3  #blame obama  #credit for falling gas prices  #falling gas prices  #Florida  #gas prices  #GOP  #Gulf of Mexico  #obama's policies  #oil platforms  #President Obama  #Republicans  #rising gas prices  #tropical storm debby 

    mohandasgandhi:

    peachsss:

    But hey, its ok because they return the favor by giving up gas at a low price…

    Actually, Congress did the research. Oil subsidies don’t lower gas prices. Why? Oil companies don’t need an incentive to drill and make money. They do it anyway.

    (via commodifiedsouls)

    — 1 year ago with 5393 notes
    #oil subsidies  #gas prices