Two weeks ago yesterday, one could buy a gallon of regular at the Shell Station on Fairfax & Beverly in Los Angeles (one of the cheapest places to fill up in Hollywood) for $3.93. Last night, the price was 40 cents higher:
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Another Obama success!
Hi Dan,
Insofar as Obama, GOPers, neo-cons, and others (especially in the media) continue to beat the drum for war with Iran, I would expect that oil speculators are betting on a significant constriction, somewhere in the Straits of Hormuz, sometime this year…
With predictions of $6 a gallon by summer, I’ll bet push comes to shove pretty soon. It will be interesting to see how the admin/press spin $6 a gallon gas into a reason to re-elect Obama.
Chu tells Congress Obama is not interested in lowering gas prices:
http://hotair.com/archives/2012/02/29/chu-to-congress-were-not-interested-in-lowering-gas-prices/
Chu’s honesty is good; however, this also shows Obama’s arrogance. Gas prices will be a major campaign factor against Obama in 2012.