Tuesday, October 12, 2010

Gas prices are Obama's next problem

Consumers are paying more at the gas pump, and prices could go a touch higher, oil and gasoline industry analysts say.

The average price for a gallon of regular gasoline nationwide was $2.80 Sunday, up 32.6 cents from the same time last year and its highest level since May, auto club AAA says.

Unemployment high and flat, incomes falling, and now gas prices going up?

Higher gas prices are the most quickly noticeable of price increases across the broadest segment of society. People know how much their fill up cost last week, and immediately note any difference.

If gas prices keep going up, Obama's standing and Democratic election prospects will continue to go down.

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