The Obama administration’s monetary policies have added approximately 56.5 cents to the price of every gallon of gas you pump, according to a new congressional Joint Economic Committee report.
Estimates suggest that had the dollar maintained the value it had when Obama came into office, gasoline would cost approximately $3.40 per gallon instead of around $4 per gallon in many parts of the country.
The other 60 cents goes to turmoil, some limited speculation, and Obama's shut-down of US exploration and drilling. The Arabs can spell oligopoly, too.
By the way, it's interesting that the report came from the Joint Econ Committee--meaning that the (D) Senate allowed its release. Straws in the wind?