
Over the last nine months since Barack Obama has taken office I have waited. I have waited for the price of gasoline to drop. During the election with the $4.00 price tag for a gallon of gasoline I heard Senator Obama call for a windfall profits tax on the Oil Companies.
Record-high gasoline hit one year agoSource: tulsaworld.com
Exactly a year ago in Tulsa, gasoline hit a record high of $3.93 a gallon as a speculative frenzy gripped the oil market.
Tulsa's high came a day after the national average peaked at $4.11. A day before that, crude oil reached a high of $145.29.
Energy Secretary Chu rules out higher petrol taxSource: FT.com
"Reducing America's reliance on oil by raising petrol prices to European levels through increased taxes or regulation is not politically feasible, says Steven Chu, US secretary of energy.
Gas prices jump 16 cents last week to a 6-month highSource: USA Today
Gasoline prices soared 16 cents a gallon over the last week to the highest level in more than six months as more expensive crude oil was passed on to consumers at the pump, the Energy Department said Monday.
Gasoline prices jump past $2Source: USA Today
The average price of gasoline in the U.S. jumped 2.8 cents overnight to $2.169 for regular Friday, an enormous leap by recent standards.
The average is up 12.2 cents the past month, after having seemed stuck around $2.

The new Fortune 500 list of 2008's most profitable companies revealed that Exxon Mobil ranked first on the list with 2008 profits of $45.22 billion. Chevron ranked second with 2008 profits of $23.93 billion.
Settlement in gas price-gouging probe tops $100,000Source: Bluegrass Politics
"FRANKFORT — Eight retail gasoline stations will pay the state more than $100,000 as part of a settlement in the gas price-gouging investigation that occurred in the wake of Hurricane Ike last September, Attorney General Jack Conway said Thursday."
Win. Win. Win. Win. Win. WinSource: The New York Times
Tom Friedman advocates for a gasoline tax to keep gas prices up---so folks will turn loose of the up and down game forced on us by the producers.
Internet Overtakes Newspapers As News SourceSource: people-press.org
Excerpt: The internet, which emerged this year as a leading source for campaign news, has now surpassed all other media except television as a main source for national and international news.
Economic bright spot: energy prices | csmonitor.comSource: Christian Science Monitor
New York - The best economic news that consumers receive next year could be the price they pay for energy.
Although it's almost 2009, prices at the pump – close to $1.65 a gallon – are below what Americans paid in 2004.
Indiana lawmakers want answers about gas pricesSource: The Starpress.com
I hope you get to read the comments on this article. I have tried to include them with the seed, but if you cant, you may have to register for the news papers site. The comments are well worth reading.
Gas shortage creates tensionsSource: CNN
Over at the Southwest, things are turning very serious indeed, as fellow Americans are fighting over petrol. This is just gas. What if the financial crunch really hit all our homes, what measures will the US government take to maintain peace and order?
Oil falls 5.4 percent in biggest drop since 2004Source: Yahoo! Finance
NEW YORK (Reuters) - Crude oil prices fell more than 5.4 percent on Friday in the biggest one-day slide since 2004 as dealers turned their focus to rising supply levels and weakening global demand.
A rebound in the U.S.

If you ask Harry Reid or Nancy Pelosi who is to blame for the price of oil, you are guaranteed a reference to the evil oil speculator. They are even considering legislation to "rein in energy market speculation blamed for high oil and gasoline prices." Harry Reid says:
This Time, It's DifferentSource: The Washington Post
There is little prospect that drivers will ever again see gas prices retreat to the levels they enjoyed for much of the last generation.
Pelosi: Bush Drilling Plan a 'Hoax'Source: ABC News Blogs
"The only thing standing between the American people and these vast oil resources is action from the U.S. Congress," Mr. Bush said. "Now the ball is squarely in Congress' court."
As Gas Prices Soar, Elderly Face Cuts in Aid Source: The New York Times
The NYT reports: Faced with soaring gasoline prices, agencies around the country that provide services to the elderly say they are having to cut back on programs like Meals on Wheels, transportation assistance and home care, especially in rural areas that depend on volunteers who …
SUV Values Plummet As Americans Shun ThemSource: The Washington Post
Americans' love affair with 22-inch rims, eight cylinders and four-wheel drive wrapped in an 8,000-pound package is over. And the breakup is going to cost.