Already on ArticleSlash?

Forgot your password? Sign Up

Gas Prices & What President Bush Said About Them


Visitors: 130

The Energy Department recently raised its short-term gasoline price forecast, saying it will peak at a monthly average of about $3.73 a gallon in June, 13 cents higher than its previous forecast.

The monthly report from the department's Energy Information Administration also predicted oil prices will average $110 a barrel this year, up $9 from last month.

The national average price of a gallon of regular gas slipped 0.1 cent overnight to $3.61, according to AAA and the Oil Price Information Service. Prices have slipped lower since May 1, leading some analysts to say gas is close to peaking. Others predict it will follow oil's upward surge.

And here is something very interesting. In February of this year, President Bush had a news conference, and Peter Maer of CBS News Radio asked: “What's your advice to the average American who is hurting now, facing the prospect of $4-a-gallon gasoline, a lot of people facing . . . "

The president said, “Wait, what did you just say? You're predicting $4-a-gallon gasoline?"

Maer responded: “A number of analysts are predicting $4-a-gallon gasoline. "

Bush's rejoinder: “Oh, yeah? That's interesting. I hadn't heard that. " Obviously, Bush was skeptical.

However, according to James Cordier, president of Tampa trading firms Liberty Trading Group and, said , “You're going to see new highs for gas prices, probably for the weekend, " said Cordier, who predicts an average price of $4 a gallon in the coming weeks.

However, if you want to learn how you can increase your gas mileage by as much as 50%, you definitely want to visit



Article Source:

Rate this Article: 
The Myth That President Bush Knew About the 9-11 Attacks in Advance
Rated 4 / 5
based on 5 votes

Related Articles:

George H W Bush As President and the Heritage of George W Bush?

by: John Fagan Jr. (July 06, 2008) 

President Bush on the Financial Crisis

by: Sandra C-R (September 23, 2008) 

President Bush's Policies of Alienation

by: Philip Harris (June 01, 2007) 

President Bush's Leadership on Missile Defense

by: Stephen J. Hadley (October 08, 2008) 

President Bush Supports Price Negotiations

by: Tim Edwards (February 06, 2007) 
(Health and Fitness)

Thank You President Bush and Congress For a Wonderful Vacation

by: Jim DeSantis (June 28, 2008) 
(Finance/Taxes Relief)

Will McCain Or Obama Be Better Than President Bush? Would Hillary Have Been ..

by: John T Jones, Ph.D. (July 05, 2008) 
(News/Pure Opinion)

George W Bush Jr - Will History Remember Him as a Great President?

by: Eric Schultz (February 13, 2008) 

President Bush Embarked Upon a World Class Ego Trip

by: August Noble (July 15, 2008) 
(News/Pure Opinion)

The Myth That President Bush Knew About the 9-11 Attacks in Advance

by: Travis Hill (December 10, 2008)