Is it the "price of gas, stupid"?

[Lucrum]

Quote from Tsing Tao:

Highest February Month Average in gas price ever.

I'd normally say bye bye Obama, but obviously THIS is Bush's fault.

 

[Tsing Tao]

Regular unleaded up a penny from yesterday. WTI is down $1.50 from yesterday.

 

[Tsing Tao]

Regular unleaded up another penny today, WTI up $1 from yesterday at present.

 

[highballs]

What can the potus do about gas price?

 

[Lucrum]

Quote from highballs:

What can the potus do about gas price?

He could stop flying the world over on vacations in Air Force One for a start.

 

[highballs]

Quote from Lucrum:

He could stop flying the world over on vacations in Air Force One for a start.

no seriously...

 

[nutmeg]

Quote from highballs:

What can the potus do about gas price?

He can ask the rabs to pump more oil.

 

[Tsing Tao]

Quote from highballs:

What can the potus do about gas price?

He can openly admit that our ridiculously loose monetary policy is one of the greatest causes of higher oil prices. Fat chance that he does that, but if he did, that would put the spotlight on Bubble Ben and his Fed cretins. Cockroaches hate the light, and would scurry off in all directions.

If the chief of the land lent weight to the idea that printing money drove up commodities, it would go a long way towards fixing it.

 

[Tsing Tao]

Quote from nutmeg:

He can ask the rabs to pump more oil.

Bush and Co tried that in 2007 and 2008, but the Arabs (rightly so) responded that it had nothing to do with supply.

 

[pspr]

Quote from highballs:

What can the potus do about gas price?

He can announce approval of the Keystone Pipeline.

He can announce the opening of the 97% of U.S. territory that is off limits to drilling now.

He can announce an initiative to expand the use of natural gas as a fuel.

Sure, it will take years for all of that to be developed but as we've seen time and again, it has an immediate effect on oil and gas prices.