In the last week or so, gas prices have returned to familiar territory. Most of Middle Tennessee is now paying more than $2 per gallon. The big question is: who is responsible for the increase?
From the international point of view, OPEC reduced its daily production of oil a couple of months ago. Since the
From the political point of view, our own government deserves some blame. When gas prices soared during the Bush administration, many were quick to accuse him of being in a conspiracy with
So, if we are going to be fair, President Obama deserves blame, too. Somewhere, the president is likely smoking a big fat cigar with the president of Exxon. Of course, I have no proof of that, but if people were willing to stick it to Bush, then Obama should get stuck, too.
From a personal point of view, the weather is getting warmer, which usually leads to more traveling by the public. Increased demand equals higher prices. It is as simple as that.
If there has been one silver lining in the recession, it has been that we have had to cut back on our driving. This helped drive prices down.
Let's hope we are not returning to our old driving habits.