Arab Today, arab today us blames middle east revolts on oil price hikes
Last Updated : GMT 22:40:28
Arab Today, arab today
Arab Today, arab today

Oil companies accused of greed

US blames Middle East revolts on oil price hikes

Arab Today, arab today

Arab Today, arab today US blames Middle East revolts on oil price hikes

 US national average price of regular unleaded gasoline stood at $3.86 per gallon, up $1 from a year ago
WASHINGTON - AFP

 US national average price of regular unleaded gasoline stood at $3.86 per gallon, up $1 from a year ago Faced with skyrocketing oil prices as they struggle to emerge from a deep recession, Americans are blaming speculators and the unrest roiling the Arab world. As of Sunday, the national average price of regular unleaded

gasoline stood at $3.86 per gallon (3.78 liters), while a handful of states such as California ($4.21 average) and New York ($4.07) broke the $4 barrier, according to the AAA motor club. Overall, prices are up $1 from a year ago.
The last record dates back to July 2008, when the price of gas reached a national average of $4.11 per gallon. In parts of the US capital, the pricetag already runs as high as $4.99 per gallon. That\'s still a far cry from Europe\'s long history of high gas prices and taxes. Europeans pay nearly twice more than Americans, about 5.78 euros ($8.41) per gallon. Yet in a sprawling country where cars are ubiquitous and people rely heavily on them, Americans are looking for a scapegoat.

A McClatchy poll released Wednesday found 36 percent blamed the upheaval sparked by pro-democracy movements in the Middle East and North Africa for the price hikes, while 33 percent laid blame on greedy oil companies.
Another 11 percent said it was President Barack Obama\'s fault while six percent found Congress to be responsible. \"There\'s plenty of blame to go around for high fuel prices in the minds of Americans,\" concluded Lee Miringoff, head of Marist College\'s Institute for Public Opinion, which conducted the poll. But voters may also turn against Obama with his reelection bid gearing up.

Prices are going through the roof at a time when a CBS News/New York Times poll found 70 percent of Americans believe the country is on the \"wrong track\" -- a 20 percent increase since Obama took office in January 2009 -- while more than half disapproved of his handling of the economy.

Aware of the danger to his hopes to secure another four-year term in car-loving America, Obama discussed the concerns unprompted with voters as he toured the country this week in California, Nevada and Virginia. \"My poll numbers go up and down depending on the latest crisis, and right now gas prices are weighing heavily on people,\" he told Democratic donors in Los Angeles. In Palo Alto, he acknowledged that \"these gas prices are killing you right now.\"

And a National Journal poll of political insiders found that most senior analysts, including 75 percent of Democrats, agreed that Obama\'s Democratic Party will be \"hurt more by rising gas prices.\" High gas prices could certainly turn into political liability for Obama, who is renewing his push for renewable energy and fuel-efficient vehicles. \"Instead of subsidizing yesterday\'s energy sources, we need to invest in tomorrow\'s,\" Obama said in his weekly address on Saturday. \"We need to invest in clean, renewable energy. In the long term, that\'s the answer.\"

Earlier this week, he pointed the finger at what he called oil \"speculators,\" before announcing the creation of a Department of Justice working group that will probe oil price fraud and speculation. Some 44 percent of Democrats also blamed speculators for the high prices in the McClatchy poll, while Republicans laid blame on Arab uprisings.

The Energy Information Administration predicts US consumption of oil -- 75 percent of which it uses for vehicles and aircraft -- will slow to a 1.1 percent annual increase this year, down from two percent in 2010. The McClatchy survey also noted an increase in carpooling and the use of public transportation. Keen on using down to the last drop of oil they can spare, more and more American drivers are running out of gas behind the wheel. AAA\'s Auto Club of Southern California, home to some of the country\'s highest gas prices, noted a 13-percent increase in servicing drivers who ran out of gas in just the first three months of 2011. Across the nation, the auto club is now providing service to some 16,000 drivers each month who let their tanks run completely dry, said spokeswoman Marie Montgomery. \"It\'s so painful to go to the gas station they just put it off and they can make it,\" she said.
\"People say \'it\'s so expensive, I thought I could make it\' and they don\'t.\"

arabstoday
arabstoday

GMT 13:23 2017 Monday ,25 September

ABB to acquire GE Industrial Solutions

GMT 10:32 2017 Monday ,25 September

China rust belt opens door wider to foreign investors

GMT 15:23 2017 Sunday ,24 September

Saudi Arabia to include low-cost Flyadeal

GMT 08:17 2017 Sunday ,24 September

Brexit weighs heavy at Irish farming fair

GMT 08:07 2017 Sunday ,24 September

Petrol prices pumped up in Pyongyang

GMT 08:45 2017 Saturday ,23 September

Russia keen on more OPEC cooperation
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us blames middle east revolts on oil price hikes Arab Today, arab today us blames middle east revolts on oil price hikes

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us blames middle east revolts on oil price hikes Arab Today, arab today us blames middle east revolts on oil price hikes

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday