Higher Gas Prices Add to Economic Slump

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Does Obama care that gas prices are high? Yes—he wants them high. Why? Because he wants to knock America down a peg or two and sending the money of hard-working Americans overseas is a part of that. I’ve read a great deal about Obama, including the books by Stanley Kurtz (“Radical in Chief”) and Dinesh D’souza (“The Roots of Obama’s Rage”), which I’ll post reviews of in the next few days. Having read them, it’s easy to understand why Obama does not want to see America’s recently discovered energy reserves tapped.

This is from the Heritage Foundation:

Unemployment is at 8.3 percent. The economy is sputtering at 1.5 percent growth. Food prices are rising due to drought conditions across the country. And gas prices are up again, pinching Americans’ summer budgets. It is past time for the President and Congress to pursue smart policies that would put us on a path to relief.

According to AAA’s Fuel Gauge Report, the current national average for regular is $3.66 per gallon. That’s up 28 cents per gallon from a month ago, and July had its biggest price jump since AAA started tracking prices in 2000.

There are many factors affecting prices that we cannot control—worldwide tensions, especially in the Middle East, can drive up oil prices. Global demand, especially from China and India’s rapidly growing economies, continues upward.

But after three years of adding regulatory hurdles and blocking exploratory access and development, President Obama’s policies are helping keep prices higher than necessary.

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