For Oil and gas today, here is Chris Faulkner with Breitling Oil and Gas: Rising gasoline prices are causing concerns among advisors of president Obama that our budding sense of economic optimism could be undermined just as he has in the general election. White house officials are prepping Republicans to use consumer angst about the cost of oil and gas to condemn its energy programmes and re-enforce that its economic policies not working. Economies say that the current price of Oil is only a modest drag on the economy but a big jump combined with tensions over Iran and European debt worries could present a more significant challenge to America’s recovery. The president political advisors are bracing for battle as they en-vision the price of Gas rising steadily through the summer. Keep in mind in January of 2009 the month Obama took office the average price of regular gasoline in the US was only a 1.85$ a gallon.
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