I just returned from getting some gasoline for my car. The neighborhood gasoline stations are charging 385.9 (or $3.86) per gallon. The stations charging this amount are Mobil, Shell and a Conoco 76.
Luckily, another Conoco 76 station was ten cents per gallon less. So I paid $3.76 per gallon.
We can thank the Obama Administration for this. Why? Here's an excerpt from an article from the Sunshine State News:
Media reports blame rising gasoline prices on Mideast turmoil, but industry analysts say the real reasons are closer to home -- at the White House and the Federal Reserve.
President Barack Obama's moratorium on drilling and his anti-oil policies continue to rattle energy markets and fuel ongoing price hikes at the pump. And no one -- least of all Obama -- is surprised.
On the campaign trail in 2008, then-candidate Obama called for cap-and-tax policies under which energy prices would "necessarily skyrocket." Studies have since questioned the environmental and economic value of such policies.
Undaunted, the Obama administration canceled hundreds of gas- and oil-drilling leases in Western states. Obama then slapped a series of bans on offshore drilling.
Two federal courts have struck down portions of these moratoriums, but, as with the ongoing implementation of Obamacare (declared unconstitutional by a U.S. district judge), the administration flouts the courts and continues to choke off domestic oil production.
During the last oil spike three years ago, candidate Obama said that he was all for higher gasoline prices, but was just concerned that prices rose so fast.
Looks like he's getting his wish again.
How's that hope and change working out for you?
To read the full article, go here.
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