When we got to the gas pump this morning we could not believe he price. We had just listened to the lame stream radio tell me the economy is really showing signs of continued growth. We wondered how these two things would meet but more importantly the spin. The White House as if they heard us began highlighting factors beyond its control for gains in global oil markets. It is going to be tricky as gas prices, which rose seven cents a gallon last week, which has everyone talking about it. This is a problem for President Obama as he claims the US recovery appears to be gathering pace. We expect that President Barack Obama and the democrats will call on the geopolitical unrest and rapid growth in India and China. This was never a defense allowed by President Bush but this is the second time in this administration we are seeing soaring oil prices. This is worse as it is early in the year with a long summer ahead as we see oil prices touched a nine-month high. The sanctions on Iran are starting to affect the world market and it could be bad timing for the commander and chief. Gasoline prices rose again last week to $3.59 a gallon from around $3.32 at the start of the year. We know that we are yelling out to deaf years as gas could be $9 dollars a game and it could never be the president’s fault.
Tags: gas, gas prices, iran