I asked one of my California friends about it, and their response floored me:
"Yeah, it's ridiculous, isn't it? Thanks Obama..."
I pointed out that gas in Idaho is about $3.30 right now.
Utah is about $3.15.
I was in Sheridan, Wyoming earlier this week.
...want to guess what I filled up at?
No, go on, guess....
It's up a few cents today (I just pulled that screenshot off gasbuddy.com) but gas was uber cheap.
So I looked in to why gas was so high in California. It's because of their importing restrictions, 'clean gas' regulations and all of their odd refinery rules.
Sorry, my California friend... please don't blame the President for Cali's insane gas prices. Your own state is doing that to itself, and has nobody else to blame.
But gas prices are indeed on the rise again nationwide. This happens every time this year, as the snow starts to melt and more people start to travel. It will dip again in September as it always does, with spikes here and there depending on what's going on in the Middle East.
Speculators name the price of oil, which raises the price at the pump. The international market dictates the price of gasoline, and will continue to do so, even if we get 100% of our oil domestically. It's an odd concept, but a lot of world economics is...
Futures and commodity pricing: It's a bitch. And if you don't understand it, you're going to be its bitch.
But for those that like to blame everything on President Obama, these are for you:
|3 Super Bowl Wins under Bush - 0 under Obama. Coincidence??|
|You know, if Romney won you would be able to shoot this dog with your AR-15...|
God Bless America.