Is the Promise of Lower Gas Prices One that Presidential Candidates Can Keep?

Filed in Gather Politics News Channel by on February 24, 2012 0 Comments

Gas prices around the nation are hovering at $4 a gallon and with people being unemployed, underemployed, and some not seeing a raise in several years, the gas prices are hurting their pockets. So, who is to blam for the high prices at the pump? According to some people, the President is at fault. Can a President really fix the problem and get gas back to under $3 per gallon? Sadly, the answer is no.

Newt Gingrich has decided to get attention before Super Tuesday by saying, “I’ve developed a program for American energy so no future president will ever bow to a Saudi king again and so every American can look forward to $2.50 a gallon gasoline.” The reality is the price of crude oil and transportation costs are the main factors that contribute to the overall price Americans pay at the pump. No President can control a commodity that is affected by supply and demand. Many voters realize that Gingrich is trying to just get attention and that it is a campaign promise he would have no way of fulfilling. Also, some Democrats are quick to point out that because the economy is getting better and because more people are traveling to work or just traveling because they have some extra money, the supply for crude oil has once again risen. So, in an attempt to make Obama look bad, the Republican candidates may just be helping him. Rising gas prices are the result of an improved economy, something we saw back in the Bush-era as well. If the candidates want to get voters on their side, they will need to highlight other ways they can help people save money because, for now, it doesn’t look like $3 a gallon gasoline is a possibility.

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