The Obama administration is accomplishing another of its goals.
CBS Tampa reports:
Talk about pain at the pump! Some Florida drivers are spending nearly $6 a gallon to fill up their gas tanks.
According to GasBuddy.com, motorists are shelling out $5.89 for a gallon of regular gas at a Shell station in Lake Buena Vista, topping out at $5.99 a gallon for premium. It doesn’t get better at a Suncoast Energy station in Orlando, where drivers are paying $5.79 for a gallon of regular…
In 2008, Chu told the Wall Street Journal:
Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.
He will blame W. Then roll out his plan for battery cars that scoot for 25 miles.
And the other $5.34? We are paying about $3.50 here in Tennessee. Thanks Barry. WPE.
Hey, don’t worry. We’re going to get a speech!
http://www.foxnews.com/politics/2012/02/23/obama-to-address-rising-gas-prices-draw-attention-to-his-energy-policies/#ixzz1nCAJWAX3
According to local Tampa Fox news $.55 of every gallon goes to commodities speculators betting problems in the middle east will limit the amount of oil coming to the US.
Linked: http://priscillaking.blogspot.com/2012/02/pain-at-pump-blame-steven-chu.html
Price remains mystery in light of 47 week decline in demand. http://www.chicagotribune.com/business/breaking/chi-us-gasoline-demand-continues-47week-decline-20120214,0,5862042.story
Price gouging is frowned on by the local government and will get the station owner a huge fine.