Gas Prices Still Rising
Despite President Obama's decision to tap into our strategic petroleum reserves, which I took issue with here
and in the Los Angeles Times
a few weeks ago, the price of gas has continued to rise. On June 23rd, when the president made this decision, the average price of gas was $3.61 a gallon for regular unleaded. Today the nationwide average is $3.70 a gallon. Meanwhile, one-third of our offshore drilling fleet has left
the Gulf of Mexico since President Obama issued a moratorium on drilling and there are over 70% fewer drilling permits being given today than in previous years. The administration's misguided energy policies have depleted our emergency reserves and caused the price of fuel to increase, and they need to change.
10:18 AM / August 4, 2011
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