Monday, October 1, 2012

Thanks To Obama, No Relief From High Gas Prices

From the Houston Chronicle: This year is on track to be the most expensive ever for drivers, as gasoline prices soared to all-time highs for September, the fifth record-breaking month in 2012, according to AAA.
U.S. drivers paid an average $3.83 per gallon of regular gasoline last month, surpassing the previous September record of $3.72 in 2008. With ongoing social unrest in the Middle East and refinery troubles in the United States, fuel-price trackers say motorists’ wallets will be pinched through the rest of the year.
With gasoline hitting $3.78 a gallon Monday – 16 cents higher than the previous record for the date on Oct. 1, 2008 – pump prices have been at record levels for 43 days straight.
“They’ll break daily records through the end of this year,” said Michael Green, AAA spokesman. “There have been a whole host of refinery issues this year. With the combination of high oil prices and low gas supplies, we are really seeing prices rise.”
The highest U.S. gasoline prices ever occurred in July 2008, but the averages for that year were lower because pump prices later plunged along with the economy, and regular dropped from above $4 per gallon to below $2 in less than four months.
Last year set the record for the average annual price, at $3.51.
But the average so far this year is $3.64.
The year of pricey gasoline started in January, with Iranian threats to close the Strait of Hormuz, a key route for petroleum shipments. The strait has stayed open, but political disputes and social unrest in the Middle East have kept crude prices steep on the world market, contributing to higher gasoline prices.  http://fuelfix.com/blog/2012/10/01/gas-prices-on-track-to-break-all-time-record-in-2012/
If it weren't for the drilling in North Dakota, the gas prices would be even higher.
Obama has done nothing to help lower gas and diesel prices, which cost the poor in terms of high fuel prices and high food prices.
But they have that Obama phone and Obama money.

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