President Obama’s plan to spend $52 million to impose stricter regulations on the oil market would increase gas price volatility.
Asked Tuesday why gas prices are so high at a Norfolk, Va. event, Vice President Joe Biden promised a short answer. Biden then spoke for 11 minutes.
Former Democratic National Committee Chairman Howard Dean excused Barack Obama for rising gas prices by claiming that neither Ronald Reagan, nor George W. Bush were blamed for similar problems.
President Obama’s green energy initiative, coupled with the precipitous rise in gas prices, has led to a spike in grease thefts.
Gas prices have hit a record high $4.51 a gallon in the Chicago area, according to the Chicago Sun-Times.
The debate over skyrocketing gas prices and energy policy has become a major issue in one of the nation’s most competitive senate races. Former Republican Sen. George Allen is slamming former Democratic National Committee Chairman Tim Kaine over the rising costs of gas using a new campaign website, TooMuchatthePump.com.