Gas Prices – Bush vs Obama and AAA

I saw this story today

“‘Investors’ buying activity continues to be the dominate influence that is pushing prices higher,” said AAA Insurance spokesperson Matt Skryja in a press release. “Recent positive economic indicators in the United States and Europe have inspired investors to buy more oil and gas futures, which has helped to push up the price of oil and gas.”

So, it seems traders are pushing prices up because of this awesome economy we are in right now!

Then I started wondering, what did the AAA say about Bush when gas prices went high?

“Higher gas prices may be contributing to more people running out of gas because they are trying to stretch each tank further than normal,” said Steve Mazor, manager of the AAA Automotive Research Center. “However, as painful as trips to the gas station may be getting, letting your car regularly run on an almost-empty can cause even more wallet damage with expensive repairs.”


“Mr. Townsend said high prices contributed to sending the country into a recession by using up income and added that low prices could help end the downturn. ”

So we have learned when Bush is in office high gas prices lead to a recession and more people running out of gas but when Obama is in office we learned investors are buying more because of the economies growth!!

Not sure they understand that “growth” could still lead to people running out of gas plus not sure they understand most Americans think they are not better off than 4 years ago.

Published in: on March 14, 2012 at 11:44 pm  Leave a Comment  

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