National average $3.912
Calif. average $4.267
O.C. average $4.291
Wow! Break out the sasparilla hon, there's some celebratin' to do !! WooHoo!! Do you remember prices below $2 a gal. when O started his reign??
You know what I remember? I remember gas at 5.00 a gallon here in california during the bush term for 4 years. I remember oil going to 150 dollars a barrel within his first 2 years. I remember businesses folding, people getting layed off, people losing their homes and americans cutting back on spending causing the largest recession in the countries history.
Today, Oil has never been higher than 115.00 a barrel. It was up to 110 a barrel a couple of years ago and fell back to 72 bucks an barrel. The speculators have taken it back to 110 a barrel so the oil companies can REAP HUGE PROFITS in the first quarter and now its going to INCH DOWN like it always does. IT NEVER goes down as quickly as it goes up.
Today, Oil is another 1.42 a barrel lower. Just like I said in january, oil was deliberately raised for profits and after the conclusion of the first quarter, oil would drop back to 70 bucks a barrel and possibly even lower just before the election.
In 2008, the oil price fell to 35 bucks a barrel just before the election in an attempt to get a republican elected and that failed.
TODAY, even with the current PRICE of gas at the pumps, our AUTO industry is RAKING IN HUGE PROFITS! Unlike BUSH, who almost KILLED our domestic auto industry. MARCH was a record profit and sales month for the big three auto makers and GAS was at 4.25 a gallon.
THATS a HUGE difference than when BUSH had control of the country. I know its a tough pill to swallow but its a reality that you just have to come to grips with.
Gas prices this time around ISNT slowing the country down. IN fact, growth is still on the rise and march will show great job creation numbers. You can cheer for high prices as a hope of getting rid of OBAMA, but that bubble has burst and prices are heading down.
4 cents a week from here on out. The gas price war between the GOP and OBAMA has been won, by OBAMA.
Nobody is lame enough to think that gas at 2.00 a gallon was going to stay very long. Everyone knew that was a scam. 70 dollars a barrel is where oil will sit no matter how many oil drilling rigs are created.
To think otherwise is just plain silly.
Peace
TOS