Gas Prices Soar 51 Cents in Just Two Months

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February 2013 saw record high gas prices for the time of year according to news reports. CNBC noted the national average was the highest ever for the time of year on Feb. 1. As of Feb. 11, The Los Angeles Times reported that the national average that day ($3.587) was also a record, "7.8 cents higher than the record for Feb. 11, set last year." Today's price is now 17.6 cents higher than 2012.

...Those higher pump prices hurt consumers, who were already paying more for gas than in decades. The Energy Information Administration (EIA) reported recently that the average household spent more on gas last year, as a percentage of income, than it had in 30 years.

The Hill's Ben Geman wrote on Feb. 4, "the average household spent $2.912 for gasoline in 2012, which makes up almost 4 percent of pre-tax income, tying 2008 for the highest percentage in roughly 30 years." The media actually forecast falling prices in 2012, during the heated presidential election. Many of those predictions failed.

Gas prices have been at sustained highs throughout much of President Obama's time in office. Although there are many factors to gas prices, Heritage Foundation noted in August 2012, that "after three years of adding regulatory hurdles and blocking exploratory access and development, President Obama's policies are helping keep prices higher than necessary."




Especially interesting:

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It took the media some time to catch on to rising gas prices, as "Good Morning America's" Josh Elliot said two weeks after the climb began that "we have just learned that gas prices have skyrocketed."



Just like they waited a month to report the BP oil spill. I'm sure they're not reluctant to report a story that reflects badly on their sainted Obama, and would give the same pause in news coverage if it were Bush or a Republican in the White House.

Sure they would.

  • from Do Racists have lower IQ's...

    Liberals who bemoan discrimination, intolerance, restraint of Constitutional freedoms, and promotion of hatred toward various abberant minorities, have absolutely no problem with discriminating against, being intolerant of, restricting Constitutional freedoms of, and directing hate-filled scapegoat rhetoric against conservatives.

    EXACTLY what they accuse Republicans/conservatives of doing, is EXACTLY what liberals/Democrats do themselves, to those who oppose their beliefs.