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Crude Oil Prices Down – Gas Prices Up – Whose To Blame? [Poll]

Gas prices
Joe Raedle / Getty Images

Gas prices have again spiked at around $4 a gallon and in some cases, a little higher. Americans are really feeling the pinch this time around, but what is interesting is that crude oil prices are actually down a little. Gas prices are up almost 30 cents in the last month and most people are unhappy with President Obama for the way he is handling the situation, but most don’t blame him for the higher prices. A new survey from Reuters / Ipsos says 68-percent of us disapprove of the way the president is handling gas prices and 24-percent approve.

Most people, 36-percent, blame the oil companies for basically, charging whatever they want, with 26-percent placing the blame on a combination of factors which include the oil companies, politicians, foreign countries that dominate oil reserves and environmentalists who seek to limit oil exploration.

In the past, spikes in fuel prices have had little to no affect on presidential elections, but this time economists warn that rising gas prices could slow the overall economy which would not help Obama at all in his re-election bid.


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