Gas Prices Up 33 cents in Two Weeks

Come on guys! It is possible to be in denial supporting Obama, but the high gas prices could be fixed by the president very easily. We are reaching a breaking point. We are close to the $4.00 threshold. Are you fed up yet?

(CNN) -- U.S. gasoline prices increased nearly 33 cents in two weeks, the second-biggest two-week jump in the history of the gasoline market, according to a new survey of filling stations.

The latest Lundberg Survey of cities in the continental United States was conducted Friday. It showed the national average for a price of self-serve unleaded gasoline at $3.51, an increase of 32.7 cents from the last survey two weeks earlier, survey publisher Trilby Lundberg said.

The jump was the biggest since a 38-cent hike between August and September 2005. At the time, the price increase was driven by damage caused by Hurricane Katrina.

"This time around, the spike comes not from nature, but from people," Lundberg said. "The armed struggle in Libya has shocked international oil markets and here it is at the pump."

The Solution for Higher Oil Prices is DRILL BABY DRILL

Since the USA import oil from Europe and export them back as gasoline and desiel, any distruption in the world oil market will affect here on America's soil. Since America is completely at full capacity at the Strategic Petrolium Reserves, the chaos in Libya shouldn't affect us, but we should be more alarmed with the other fragile oil nations in the Middle East. The higher price of oil is also contributed by China hording this commodity. China has purchased over 30 million cars, and because of the demand of oil, the price of a barrel of oil will increase. So, what is the solution? DRILL BABY DRILL!!!!

(ABC) Weekly gas prices skyrocketed, according to the Department of Energy, driven by the popular revolts spreading across the Middle East.

The U.S. weekly average price per gallon is $3.19, up 54 cents from a year ago, and slightly higher than last week's $3.14. This was the highest price posted during the month of February since 1990, when the data became available. The most expensive regions again are New England at $3.23 and California at $3.56.

Oil settled at $93.57 in New York trading, up 8.5 percent since Friday's close, the biggest one day jump in nearly three years.

Gas Prices Been Rising Since Obama became President

According to figures released by the Department of Energy, the average gas price nationally went up an unbelievable 25% since Obama took office in January 2009.

Reports from the Energy Information Administration, the cost of a gallon of gas surpassed the $3 mark in several parts of the country, and the national average is at $2.82. Overall, a gallon of gas is about $1 higher than the week of Jan. 26, 2009, when President Obama took office.

Just to note, on December 29th, the last report date for 2008, the national average price of unleaded gasoline was $1.642.

Ironically, the Democrats blamed Republicans for the high cost of gasoline because Democrats are successful to link Republicans to big oil companies. In fact, Democrats are responsible in preventing new sources of domestic petroleum from being developed after the recent oil spill. An example, Obama sign an executive order to block drilling in Utah as soon he became president. After the Gulf oil spill, he signed another executive order to ban off-shore drilling. Currently, Democrats control the Congress and the Presidency. Therefore, Democrats are silent of the high cost of gas because it is another tax from the American people.


As the economy falters, the Democrats continue to spend at a rapid pace. Currently, the government spent over 3 trillion dollars in 22 months. At the Fed, Chariman Ben Bernanki is monetizing the debt to temporary fix the problem, but risking higher inflation. The Fed Chairman is devaluing the dollar. It is causing the price of oil to rise, not because of demand, but because the value dollar is depreciating.

There is an indirect relationship between the falling dollar and price of oil. When the dollar is devalued the price of oil is expected to rise. With the announcement by the Saudi oil minister stating crude-oil price is expected to reach $90 per barrel and Obama ban on oil and gas exploration, it is possible for the price of gas to reach $5.00 per gallon.

Read story: Oil prices march on, New York crude at two-year high