LOL. Never saw that coming. You would ALMOST think this is purely a political move during an election year.
The bad news for Zero is that move will only lower the price of gas a few cents.
“LOL. Never saw that coming. You would ALMOST think this is purely a political move during an election year.”
Coming next (after gas prices continue to climb):
- price controls, and/or
- rationing
The latter in particular if prices zoom skyward after the Israelis attack Iran.
Right but combine that with faked employment reports out of the labor dept etc, and the phony polls from MSM, this will probably be a plus somehow for Obama?
You might think so! /s
Bush vetoed a measure by Pelosi & Reid to halt stop of the Strategic Petroleum Reserve and his veto was overridden. This '08 article about that override says it would amount to as little as 1 penny per gallon difference. It also says an GOP measure to increase drilling on federal lands failed. CNN assigned the motivation only to Republicans of being concerned over "their re-election" chances. Democrats are never motivated by electioneering or politics. /s
This piece from July 2000 is about "skyrocketing prices" because it had broken the $2/gallon price ceiling in Chicago and Detroit. Clinton/Gore demanded a FTC probe into "price gouging."