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Record-high Labor Day gasoline prices greet Democrats in Charlotte

Posted By admin On September 4, 2012 @ 2:54 am In Money Watch | Comments Disabled

ANDREW RESTUCCIA
Politico [1]
Sept 4, 2012

Democrats arrived in Charlotte on Monday to an ill-timed reminder of one of the issues plaguing President Barack Obama’s reelection bid: high gasoline prices.

Prices at the pump [2] reached a national average of $3.83 Monday, according to AAA, setting a record high for a Labor Day. The previous Labor Day record of $3.69 was set in 2008, at the height of the last presidential election fight.

Gas prices have increased by 23 cents in the past month during the height of the summer driving season. But AAA predicts that Obama, who has faced sustained attacks from Republicans over gas prices, will get a respite in the coming weeks once refineries that shut down as a result of Hurricane Isaac reopen.

But high prices will probably linger. “While prices should drop in September barring any major developments, we expect gasoline to remain at or near record highs through the end of 2012,” AAA spokesman Avery Ash said in a statement.

Full article here [1]


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URLs in this post:

[1] Politico: http://www.politico.com/news/stories/0912/80594.html

[2] Prices at the pump: http://www.politico.com/tag/gas-prices

[3] Gasoline Rising To Holiday High As Storm Surge Presses Obama: http://www.prisonplanet.com/gasoline-rising-to-holiday-high-as-storm-surge-presses-obama.html

[4] Gasoline Prices More than Double Under Obama: $1.84 to $3.85: http://www.prisonplanet.com/gasoline-prices-more-than-double-under-obama-1-84-to-3-85.html

[5] Global food prices hit new record high: http://www.prisonplanet.com/global-food-prices-hit-new-record-high.html

[6] Nevada Maintained Record-High, Nation-Leading Unemployment of 14.4 Percent in September, Says Labor Department: http://www.prisonplanet.com/nevada-maintained-record-high-nation-leading-unemployment-of-14-4-percent-in-september-says-labor-department.html

[7] Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low: http://www.prisonplanet.com/record-1-2-million-people-fall-out-of-labor-force-in-one-month-labor-force-participation-rate-tumbles-to-fresh-30-year-low.html

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