Gas Prices Going Up (Quietly)

I travelled to New York by car this week and noted that the price of gasoline is well over $3.00 per gallon. Funny, there hasn't been much news about the increase.

The last time gas prices rose to these levels, Democrats like Sen. Chuck Schumer called for investigations to insure that the oil companies were not price gouging. I wonder why so little news this time around?

Could it be that the Administration and its media and Congressional allies don't want people to focus on any bad economic news? Could it be that despite protestations to the contrary during the presidential campaign, Mr. Obama is just a traditional liberal who thinks the price of gas in the US is too low?

I heard the inflation numbers yesterday. inflation was up at a higher rate than it has been for quite some time. The news report sounded an optimistic note, however. The report stated that if energy and food prices were not included, inflation only went up 1/10th of one percent. Gee, there's some good news. As long as you don't need gasoline or food, you don't have to worry about inflation!

Seriously, though, the increasing price of gasoline is likely well derail any recovery that may be underway. it seems that the price of oil is increasing and will soon reach $100.00/barrel. There is great concern in England and Europe. So far, that concern has not leaked out in the US media. But the fact is we all use gasoline. As the price goes up, the effects will be felt and those effects will not be positive. Keeping quiet about it will not save us (or the Obama administration) from the pain.