How High Will Gas Go?

Todd Thurman / April 12, 2011

It’s a question that seems so 2008, but it is rearing its ugly head again. The average price of a gallon is already nearing record levels and there is no relief in sight. Some areas, like Chicago, could see prices as high as five dollars a gallon by the Memorial Day. Obama would like to blame you for the high gas prices, but the root problem is his energy policy that is stifling exploration in America.

In the aftermath of the BP disaster in the Gulf of Mexico, President Obama instituted a moratorium on drilling that killed jobs in the region. The moratorium was lifted, but the Obama Administration was still not issuing new permits, and was held in contempt of court as a result. It was a knee-jerk reaction that has resulted in lost jobs and has cost the federal government billions in lost revenue. (more…)