Its official; with Obama’s new found energy and powerful jobs plan, he’s managed to force gas producers to lower their prices or else. As expected, Republicans are promising to oppose any further price cuts until more jobs are created first. The GOP leadership blames Obama for campaigning again, and resorting to cheap “low gas price” trickery.
jsonline: Gas prices have dropped more than 25 cents a gallon in the past month, It happened in 2008, she notes, when the bottom fell out of gas prices and the economy. The price dropped from an average $4.11 in the state on July 16 to $1.97 by Thanksgiving of that year. The fears created by the debt crisis in Europe caused the drop in oil and other commodity prices, but experts have been hard-pressed to predict with certainty how low they will go.