<$BlogRSDURL$>

Friday, August 12, 2022

Too Soon?  

The Biden administration is taking credit for gasoline dropping to $3.99 a gallon on average nationwide.  There is no way of knowing whether it will bob back up to $4.00 or more at this point.  Once again, in the White House's anxiety to get credit and bolster opinion polls, the cheering could be premature.  One wonders why.  Biden has been wrong on COVID and wrong on inflation and both those mistakes cost him politically.  Yet, he continues to claim victory when there is no way of knowing whether it will be lasting.  If prices were to drop to $3.50 a gallon on average nationwide, Biden might have something to crow about, but even then, some key refineries are in hurricane zones and vulnerable.  This administration doesn't understand the need for caution.  


Comments:

Post a Comment

This page is powered by Blogger. Isn't yours?