Energy Policy: If gasoline prices so far are any indication, the pain at the pump will be severe this year. But if you think President Obama cares, you’re wrong. If anything, he’s secretly cheering it on.
Already, average pump prices have topped $3.50 a gallon, leading some experts to think they could reach an all-time high of $5 by the summer.
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So what’s Obama’s response? He treats it like a badge of honor, saying this week that “gas prices are on the rise again because as the economy strengthens, global demand for oil increases.”
But what else can he say?
During his presidential campaign, Obama admitted he didn’t have a problem with sky-high gasoline prices, he just “would have preferred a gradual adjustment.”
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