(Image source: Wikimedia Commons)

 

BY CHRISTINA HARTMAN

 

His critics are fuming at Newt Gingrich’s gas promises.


The GOP presidential candidate says he can get gas prices down to $2.50 a gallon — but critics say that’s just hot air.

GINGRICH: “Every American can look forward to $2.50 a gallon gasoline.”

Gingrich’s supporters call him the “ideas man.” Here’s his promise for the pumps — from a 30-minute long ad on his YouTube channel.

GINGRICH: “What if that big new idea meant that you personally were better off? Because you were buying $2.50 a gallon gasoline. … How is that possible you ask? Well, that’s exciting and it’s one of the reasons I’m running for president.”

So how would he do it? He says — by “unleashing the American people.” He points to technological advances in drilling methods. And he’s promised — if elected — to sign an executive order to approve the Keystone pipeline on his first day as president. KCPQ suggests — with many Americans worried about prices at the pump — Gingrich is seizing a political opportunity.
 

“One of the big challenges President Obama faces in this re-election year could be the rising price of gas. What goes up keeps going up. The president says the real reason for the spike in prices is instability in Iran...”

President Obama is hitting back at his GOP opponents. Here’s what he told a crowd in Florida Thursday — video courtesy Fox News.

“They are already dusting off their three-point plan for $2 gas. I'll save you the suspense. Step one is to drill, step two is to drill. And then step three is to keep drilling.”

He went on to call his opponents’ pledges “phony election-year promises.” So does Gingrich have a full tank of evidence to support his claims? Or is he running on empty? CNNMoney’s Charles Riley says — it’s probably more of the latter.

“...there’s little more than snake oil in that rhetorical well. Politicians can do almost nothing to influence the price of gasoline in the short-term, and long-run efforts are likely to be complicated by the global nature of the crude oil market.”

Complicating matters — according to the Oil Price Information Service — prices at the pump could hit a record $4.25 a gallon by late April.

And conservative news blog Newsmax says — whether the president likes it or not — voters aren’t likely to be forgiving.


“The issue is hard for Obama to duck, with the ballooning prices taunting voters … Meanwhile, people are expected to curb travel because of the high prices, perhaps saving up to drive to the polls to vote against Obama.”

The record high for gas prices in the U.S. is $4.11 — that was back in July of 2008.


 

Critics Fume Over Gingrich $2.50 Gas Promise

by Christina Hartman
0
Transcript
Feb 24, 2012

Critics Fume Over Gingrich $2.50 Gas Promise

(Image source: Wikimedia Commons)

 

BY CHRISTINA HARTMAN

 

His critics are fuming at Newt Gingrich’s gas promises.


The GOP presidential candidate says he can get gas prices down to $2.50 a gallon — but critics say that’s just hot air.

GINGRICH: “Every American can look forward to $2.50 a gallon gasoline.”

Gingrich’s supporters call him the “ideas man.” Here’s his promise for the pumps — from a 30-minute long ad on his YouTube channel.

GINGRICH: “What if that big new idea meant that you personally were better off? Because you were buying $2.50 a gallon gasoline. … How is that possible you ask? Well, that’s exciting and it’s one of the reasons I’m running for president.”

So how would he do it? He says — by “unleashing the American people.” He points to technological advances in drilling methods. And he’s promised — if elected — to sign an executive order to approve the Keystone pipeline on his first day as president. KCPQ suggests — with many Americans worried about prices at the pump — Gingrich is seizing a political opportunity.
 

“One of the big challenges President Obama faces in this re-election year could be the rising price of gas. What goes up keeps going up. The president says the real reason for the spike in prices is instability in Iran...”

President Obama is hitting back at his GOP opponents. Here’s what he told a crowd in Florida Thursday — video courtesy Fox News.

“They are already dusting off their three-point plan for $2 gas. I'll save you the suspense. Step one is to drill, step two is to drill. And then step three is to keep drilling.”

He went on to call his opponents’ pledges “phony election-year promises.” So does Gingrich have a full tank of evidence to support his claims? Or is he running on empty? CNNMoney’s Charles Riley says — it’s probably more of the latter.

“...there’s little more than snake oil in that rhetorical well. Politicians can do almost nothing to influence the price of gasoline in the short-term, and long-run efforts are likely to be complicated by the global nature of the crude oil market.”

Complicating matters — according to the Oil Price Information Service — prices at the pump could hit a record $4.25 a gallon by late April.

And conservative news blog Newsmax says — whether the president likes it or not — voters aren’t likely to be forgiving.


“The issue is hard for Obama to duck, with the ballooning prices taunting voters … Meanwhile, people are expected to curb travel because of the high prices, perhaps saving up to drive to the polls to vote against Obama.”

The record high for gas prices in the U.S. is $4.11 — that was back in July of 2008.


 

View More
Comments
Newsy
www1