The Los Angeles Times reports today that White House fears gas prices could tank Obama. But they can’t be that worried. Here is a bit from an AP report on yesterday’s energy event in Fairless Hills, PA:
Obama needled one questioner who asked about gas prices, now averaging close to $3.70 a gallon nationwide, and suggested that the gentleman consider getting rid of his gas-guzzling vehicle.”If you’re complaining about the price of gas and you’re only getting 8 miles a gallon, you know,” Obama said laughingly. “You might want to think about a trade-in.”
Instapundit has since noted that the AP has scrubbed this exchange from their website, but earlier versions with this account still exist (including The Huffington Post at this time).
Obama insisted yesterday that “There is no magic formula to driving gas prices down.” That is true. But there are also things the government can do that will drive the price of gas up. And the Obama administration has done many of them including:
Immediately after taking office in 2009, Interior Secretary Ken Salazar, canceled 77 leases for oil and gas drilling in Utah.
The EPA announced new rules mandating the use of 36 billion gallons worth of renewable fuels (like ethanol) by 2020.
Read More at Washington Examiner By Conn Carroll, the Washington Examiner
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