If you recall right before George Bush left office the price of oil was $120 dollars a barrel and gas was $ 4.00 a gallon. He lifted the ban on off shore drilling and the prices dropped to $35 to $40 a barrel and gas was $1.89 a gallon. the fist thing Obama did was reinstate the ban and oil and gas prices have gone up since.
The Republicans has assigned awesome power to the US President it is a view upon their skewed view of the world.
Speculators in the world stock markets are driving the price despite the US has a surplus of gas, is actually exporting oil, and some east coast refineries are closed or closing. These things should drive down the price of gas but it has not due to speculation.
Succinctly, the President hasn't any power in regulating commerce, the Congress has the power and duty as specified in the US Constitution.
Research this for yourself people, oh yeah, y'all are 'D' students.
WOW! This really shows the ignorance of the folks in Wilmington. THE PRESIDENT HAS NOTHING TO DO WITH OIL PRICES. ITS THE OIL COMPANIES AND THE SPECULATORS THAT DRIVE UP THE PRICES! Also, everyone is in such a hurry to bomb Iraq... what do you think that will do to oil prices?????
Oil is valued in US dollars. US dollars are worth less because of our explosive borrowing and spending. The recent upswing in oil is partly demand driven, (although US demand has declined significantly) partly currency driven, and partly driven by oil companies and speculators.
All you have done is managed to reveal your own ignorance. Monetary policy changes the price we pay for everything, including oil. Monetary policy is controlled by the President, Congress, and the Fed. So yes, Obama does have something to do with oil prices.
Given the lack of seriousness in reducing the debt, you can expect prices to continue to rise as the dollar continues to slide.
It's just politics. It's sad and pathetic. The Democrats and Republicans both completely switched their stance on fuel prices. The Repubs are crying the same song the Dems were singing when Bush was president.
Let's face it. Most people are loyal to a political party, not the country. It's sad but unfortunately true.
The United States just pulled out of Iraq my brilliant star!
Now, what was that you said about "ignorant" people in Wilmington? Find your closest mirror and gaze in awe.