A Note to Newt
I have just returned from a trip through the Austin-San Antonio-Corpus Christi “corridor” during which I bought regular gas for $2.99 a gallon, saw another station selling it for $2.97 and saw other prices ranging from $3.02 to $3.29 a gallon, with some a little higher.
This was after reading in USA Today that the national average price for regular gasoline price has gone down from $3.94 in April to $3.47 today — down 47 cents from this year’s high just a couple of months ago — that it could drop below $3 in the fall and that motorists in some regions are already paying less than $3 a gallon
I know that is not quite the $2.50 a gallon that Newt promised to magically set the price of gasoline at, if elected — the centerpiece, piece de resistance in his menu of wild promises and also the salient attack piece of his short-lived presidential campaign attempt.
I also know that the $2.99 price is part of some stiff competition presently going on in this part of Texas and that the price could easily rise again
I also know that the price of gas may never reach the $2.50 level, but it does go a long way to show you that the price of gas is not set by the president, nor influenced by empty and silly campaign promises. It goes a long way to show you that it is determined and influenced by supply and demand, oil and gasoline production, inventory and shipping issues, other market forces and conditions — including overseas — the overall economy, international tensions, speculation, etc.
But it also shows me how hollow, uniformed and opportunistic Newt’s $2.50 promise was, just as ludicrous as his grandiose idea to colonize the moon, to grant gun rights to everyone left behind on earth and other outrageous ideas and promises.
While I don’t expect Republicans to give Obama credit for the drop in gasoline prices — not that they should — I found it very disingenuous for them to blame Obama for the earlier higher prices and somewhat dishonest for Gingrich to promise $2.50 gas prices if elected when he darn well knew that there is very little the president can do to directly affect gas prices.
Newt, what do you say now?
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My dull response: Right now it’s about Those Other Economies. When Those Other Economies are shaky, the value of the dollar goes up and, yup, oil prices go down.
Foxier response: Of course, this is due to Obama ruining other economies. There isn’t a single thing on this planet that’s gone wrong that B. Hussein Obama isn’t responsible for.
I’m just wondering why anyone except for his nine Twitter followers is still paying any attention to Gingrich…
I wonder why Mr. Gingrich has been interviewed on both MSNBC and FOX the last couple of weeks. What can he possibly say that would be of interest?
Well I think the only thing we can really do to drop gas prices is to encourage higher gas mileage in our vehicles, which we have been doing over the last few years. And unlike so many of the other influences on gas prices, that is actually something a president can push if they want. I know Romney wouldn’t dream of it, nor any of today’s mainstream GOP players, as that smacks of govt overreach into private enterprise. And yet here we are with gas prices coming down. We can test it really easy by electing Romney and see what happens then. We’d of course have to add a mitigating factor to account for the effects on the price of gas with the new conflicts he involves us in in the middle east.