According to The Associated Press, the nationwide price of gas is expected to reach $4.25 by the end of April. But in many cities across the nation, people don't have to wait for April showers to bring May's misfortunes.
Consider what gas prices are right now in just these few cities: Los Angeles, $4.33; San Francisco, $4.35; Honolulu, $4.20; Anchorage, Alaska, $3.99; New York, $3.99; Medford, Ore., $3.98; Seattle, $3.96; Bridgeport, Conn., $3.96. In my wife's hometown in California, gas is already a staggering $4.59 a gallon for regular. (By the way, the average price for regular gas when President Barack Obama took office, in January 2009, was $1.79. But who's counting?)
And the reason for soaring gas prices? According to The Christian Science Monitor, Obama -- instead of admitting to a string of mea culpas -- is "blaming recent increases on a mix of factors beyond his control, including tensions with Iran, hot demand from China, India and other emerging economies, and Wall Street speculators taking advantage of the uncertainty."
Obama's Democratic cronies and his mainstream media minions are trying to come to his aid by saying that the rise in gas prices is "really complicated," with "no one person ... to blame for pricing."
Yet Forbes ran recent articles saying that the "primary reason" for the spike in oil prices is "the dollar has lost value" and that the Fed has announced an explicit goal "to devalue the dollar by 33 percent over the next 20 years."
But the Obama administration doesn't bear any responsibility in the spike of gas prices? This administration is a crashing currency culprit via its disastrous recovery plan -- borrowing astronomical amounts of money from countries with which we are already in vassalage relationships (such as China), bailing out corporations that should have gone bankrupt, bamboozling the American public with Obamacare, and placing our posterity in bondage with more than $15 trillion of national debt.
And what about Obama's further oil restrictions, regulations and intentional avoidances to increase petroleum production and supplies here in the U.S.? The fact is, as U.S. News & World Report noted, "even tiny disruptions to supply can cause a spike in prices when consumers fill their gas tanks."
Carney: Okay Fine, Senior Officials Knew the IRS Report was Coming, but Nobody Told Obama | Guy Benson