Then I hear it's quite possible we could be paying up to $5 per gallon by next year. Is it due entirely to the price of oil on the world market? Or could it be because our own government is making fuel more expensive because they really don't know what the hell their doing, or worse, are doing it because of of a hidden agenda? Somehow I have a feeling it's more the latter than the former.
Years ago when Clinton won the Presidency, I asked a friend of mine in the oil and gas industry if he was upset. He said, "Not really. Democrats usually do things in such a way that always benefits the oil industry. It's never good for Americans though. They try to limit what we do, which only makes demand higher. Oil prices always go up, which is always good for us. Sadly, not so good for everyone else." It turns out he was right. And Obama is doing exactly that. The drilling bans, poor planning, and Obama's total ignorance of the oil industry in general has brought us here.
I've noticed that this is a pattern with the Obama administration. They put a policy in place based on a "misrepresentation." But by the time it's discovered to be a lie, the policy or law has been passed. Done.
Now, along with record high unemployment, we will have record high gas prices.
I've already seen the effects of $5 per gallon has on certain economic activities, and it's not pretty.
A few summers ago marine gas prices hit $5 on some parts of Lake Winnipesaukee, with the average price around $4.50. To say there were very few boats out on the lake would be an understatement. Automotive gas prices were around $4 as well and tourism in the state fell off and was well below normal. Everyone felt the effect of the higher gas prices and they weren't good. But somehow the Obama administration will try to tell us it's actually good for us.