Garbanzo Toons

Gas Prices

At their highest this Spring, gas prices around my neighborhood were a bit over $4.00 per gallon. Then they started going down. Last week they were $3.49, better, but still almost double what they should be.

So then, Barack "Smartest Man in the Room" "Don't Drill Here" Obama decided to release 30 million barrels of oil from the Strategic Oil Reserve, something that other presidents avoided doing even when prices spiked at $4.15 a gallon under the last Bush, but only releasing a few million barrels in response to Hurricane Katrina. Apparently those other presidents simply didn't have the mental agility, the sheer brain power that Mr. "Hope and Change" has when it comes to economic issues. Talking out of both sides of his ass, as always, we read,

Although the impending summer demand clearly has the Obama administration worried, the White House would not make any predictions about the effect that the release will have on prices at the pump.

“We’re not making predictions about market prices, which go up and down,” a senior administration official said. “This is about addressing the supply disruption and the prices will be what they are.”

Well, it's a good thing they didn't make any predictions, because back in my neighborhood, gas prices are now up to $3.79 a gallon. Thank you Barack Obama, Soooper Genius.

Now how about issuing some drilling permits so that the evil, greedy oil companies can get more oil to the market and perhaps knock down prices for us poor, beleaguered, overworked, underpaid, overcharged consumers.

Labels: economics, gas prices, Obama

posted by Harry @ 3:20 PM