To hear the White House and President Obama tell it, high gasoline prices are here to stay and we better get used to them. If Americans would quiet down and accept $4.00 a gallon gas, it would certainly make the President and his environmentalist allies happy—but it would also require us to forget everything we know about American energy.
During the years I was speaker the average price for a gallon of gasoline was $1.
On an annual basis, retail gasoline prices hit an all-time high in 2011. The average price for all grades was $3.576 per gallon, vs $3.299 in 2008. Meanwhile, the shale gas revolution has set the stage for declining prices per mmbtu... Read Post
The average price for a gallon of unleaded gasoline hit $3.86 on April 25, more than $1-a-gallon higher than a year earlier and less than 25 cents away from the record high price of gasoline set in July 2008. In fact, per gallon pri... Read Post
In 2008 Obama Energy Secretary Stephen Chu argued, “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” Well after four years the Obama Administration has reached their goal. Gas prices in … Co... Read Post