Who should be actually Blamed?
This could come as bad news especially for President Obama,
who could face a massive criticism with average gas prices going up to $4
nationally and already above that in California and American consumers noticing
it terrible to watch their hard-earned dollars go down the gas tank like that.
High gasoline prices are one of the major concerns of the
voters and so the issue can bring in trouble for the Obama government as a
Reuters/Ipsos survey conducted in March have revealed that when the prices were
about where they are now, 68 percent of Americans disapproved of Obama's
handling of gas prices.
Though few republicans are arguing President Obama’s
leadership behind the more-than-double increase in the gasoline prices, other
Democratic leaders like Montana Gov. Mr. Brian Schweitzer, said that blaming
the president for gas prices is wrong.
On the other hand, oil prices are also rising. Estimates
show that they have risen from about $36 a barrel in December 2008 to more than
$90 now. Experts explain that oil prices can be understood with some basics
like the combined behavior of oil traders on markets etc. It is when the oil
traders buy oil futures in a hope that market will rise, that the oil prices
rise along with the price of derivatives including gasoline and heating oil.
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