The prospect of sharply higher fuel prices, including $4-a-gallon gasoline, may not have made it into Oval Office briefing books, perhaps explaining why President Bush was surprised Thursday when a reporter mentioned what energy analysts are saying could happen soon in many parts of the country.
“Wait, what did you just say? You’re predicting $4-a-gallon gasoline?” Bush responded to a reporter who said some analysts expect prices to soon climb that high. “That’s interesting. I hadn’t heard that. . . . I know it’s high now.”
The price of oil set another record Thursday, jumping $2.95 to close at $102.59 a barrel in New York futures trading.
But even before the recent surge in oil prices, analysts were predicting that the average price of a gallon of gasoline could reach $3.75 nationwide in the near term and top $4 in states such as California and Hawaii.
At a Shell service station in the Bay Area city of San Mateo, the price of a gallon of regular had already reached $4.29, well above the state average of $3.42, as measured by the AAA auto club.
“Bush is out of touch with a lot of things we are facing today,” said 33-year-old Marisa Cajbon, who was filling her Toyota Sequoia SUV with the expensive fuel. “I have to buy gas. I need to work. I have two kids. I think it’s unfortunate. I think it’s a crime.”… [emphasis added]
Inserted from <LA Times>
As the Machiavellian Moron is not known for his farsightedness, and considering that his attention is deeply engrossed in a desperate attempt to finish My Pet Goat, before he leaves office. We should not be surprised that he would not be informed over matters that have little bearing on his desire to conquer the world, unless they impacted the well being of millionaires.
John “McConJob” McCain fully supports Bush’s economic policies. Are you ready to pay $10.00 per gallon at the pump by 2012? If so, McConJob is your guy!
Cross Posted from Politics Plus