Obama is faced with rising gasoline prices. And as we head into an election year he is going to be asked what he’s gonna do about it. His answer, I suspect, is that there is little a President can do to influence the price of gasoline. The market dictates the price and that market is fed by the forces of supply and demand.
And, because it IS an election year, he’s going to demonize the “oil speculators” and claim that they are getting rich while the middle class is getting hammered. Count on it.
But is that the real story? Is it fair to let Obama skate on this issue so easily?