This biased and completely wrong AP article fails to mention Obama’s campaign lie of drilling for oil to increase supply, of course Obama has no intention of drilling for oil he is just saying that because that is what people want to hear.
Gas pump prices fall as oil drops below $99
Drivers are starting to see a little relief at the gas pump just ahead of the summer driving season.
The average price for a gallon of regular was $3.955 nationally on Monday. That’s down about 3 cents from Friday, but still nearly 14 cents more than it was a month ago, according to AAA, Wright Express and the Oil Price Information Service.
Motorists in about two dozen states are paying more than the national average, and in 13 states the pump price is above $4 a gallon. Analysts expect prices to continue to fall across the country, perhaps as much as a quarter or more by Memorial Day.
Oil prices rocketed up 34 percent from mid-February through early May on fears that supplies could be disrupted because of uprisings in the Middle East and North Africa. Those fears have begun to abate as supplies continue to flow from the oil-rich region.
Read the rest here: Gas pump prices fall as oil drops below $99 – Yahoo! Finance.
If you really want to see the price of oil drop just open the federal oil reserves and glut the market with oil, even if Obama were to just make the threat of opening the federal oil reserves the price of oil would drop.
Of course Obama has absolutely no intention of increasing oil supplies, it would fly in the face of his leftist plan for the nation.
This is election cycle politics and of course millions of people will vote for Obama and if he were to win re-election he would back peddle on this before the inaugural.