Like Low Gas Prices? Don’t Count On Them Staying With Obama In Charge

Back during the campaign, National Review Online reported this exchange between CNBC reporter John Harwood and Barack Obama. This took place in June when gas prices were around $4 a gallon.

Barack Obama: “We now know that our demand (for oil) is badly outstripping supply with China and India growing as rapidly as they are.”
John Harwood: “So could the (high) oil prices help us?”
Barack Obama: “I think that I would have preferred a gradual adjustment. The fact that this is such a shock to American pocketbooks is not a good thing.”
Here’s the video of the exchange:

Since the traditional media gave Obama such a pass, many of you may never have seen this story before. But it is clear that Barack Obama has no problems with $4 a gallon gas per se, prices have just happened to go up faster than he would have liked.

Now fast forward five months and gas prices are lower than they have been in years. That’s a good thing, right? Well not if you’re a liberal. The same journalists that were in the tank for Obama are now advocating an increase in the gas tax. And as we’ve seen before, Barack Obama has not qualms with Americans paying over $4 for a gallon of gas.

In an editorial on Nov. 16, 2008 called “Raise the Gas Tax“, the Washington Post says, “Energy independence won’t happen if falling gas prices lead to a resumption of bad habits.” And what are those “bad habits?” Why driving to work, of course, and other “bad habits” like taking a cross-country family vacation, and buying an SUV.

So enjoy the low gas prices while you can and you better start preparing yourself for an Obama imposed tax on the gas that is fueling your “bad habits.”

1 reply
  1. Greg
    Greg says:

    Have you had a chance to look at why the gas and oil prices have been dropping? I meant to ask you that the other day since it is unlikely that new oil refineries have been built or that demand suddenly subsided.

    I am also doubtful that the price dropped because the dollar strengthened and that the threatening approach of the Gulf storms subsided, as reported on CNN today (see Gas Prices Fall Below $1.87). Earlier in the year, I saw a few stories on Mises.org which discussed artificial prices in an apparent attempt by state government’s to prevent “price-gouging” in some of the Southeastern states of the U.S.

    While that can’t explain national averages, I just wondered if you had looked into this with a critical eye at all. Thanks.

    Reply

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