Several Reasons Why Gasoline Prices Are So High

When President Obama took office, regular gasoline cost $1.85 a gallon. Now its hit $4.00 per gallon in many cities, and some analysts predict it could reach $5.00 or more this summer. Filling your tank could soon slam you for $75-$90.This winter was warm. Our economy remains weak. People are driving less, in cars that get better mileage, even with mandatory 10% ethanol. Gasoline is plentiful.  Misinformed politicians and pundits say prices should be falling.  They claim our pain at the pump is due to greedy speculators and greedier oil…

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