For a man who claims he can do nothing about rising gas prices, he sure is doing everything he can to drive them up.
Of course, when the dollar is recklessly and irresponsibly inflated by a government addicted to buying votes with entitlements it has no business doling out in the first place, those dollars are worth less (and continue to be so until they are worthless) so it takes MORE of them to buy the same thing you used to be able to buy with fewer dollars. So now the barrel of crude that used to sell for $67 now sells for over $100.
This means that you pay more at the pump to fill your tank, demonstrated to great effect with my last fill up. This also mean that to maintain the same profit margin, which for oil companies is a very small one (the government makes more on a gallon of gas than the oil companies do), they have to raise prices. It also means that the amount of dollars in profits goes up, thus giving them “record” profits, but it does not mean that the percentage of profit goes up at all. Even a three-year old will understand it when you substitute dollars with a medium that they can relate to. And just like when any other tax on a business goes up, this additional cost of doing business will be passed on to the consumer.
I just can’t wait for $7.00 a gallon gas, can you?
But then, that’s been his plan all along.
Taxes, Stupidity, and Death 
Actually, a little known fact, the federal government makes 2-3 times per gallon what a oil company typically makes on a gallon of gasoline. And at this moment, refined gasoline is basically a wash. The oil companies are making huge profits because of the sale of crude oil and taking what the market offers. That used to be called capitalism. The states take in about 2-5 times what the oil companies do per gallon, depending upon the state.
For diesel, it’s an even bigger haul.
Of all the policies Obama has royally screwed up, his energy policy IMO is the biggest joke of them all. First, trying to take credit for increased production is one of the most egregious lies I’ve ever heard told. The Bakken formation has been in the wildcat/exploration process for years. Second, Obama and his thugs are attempting to inhibit the new technology that has made increased production possible. Third, they have added millions of dollars in regulation restriction to refineries. Fourth, after the BP spill, offshore drilling has a moratorium. Finally, Obama stopped the building of the XL pipeline – the southern part from Texas to Oklahoma has already been approved. We laughed when he was here. Even the liberal Tulsa World was bewildered with his claims.
If Obama were really serious about lowering the price of gasoline, he could do three things immediately:
(1) Rescind the federal excise tax temporarily
(2) Get rid of the requirement for reformulated gasoline, which will add about .75-1.00 per gallon this summer.
(3) ANWAR
President Foodstamp is a buffoon, incompetent and poor liar.
Why am I thinking that Tex is holding back..?
Tex, you hit it on the head.