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Voters blame president for gas prices, but experts disagree

The Seattle Times -- WASHINGTON — How much does the president have to do with the price of gasoline?

A lot, American voters say. According to oil experts and economists, not so much — at least in the short term.

Today's oil prices are the product of years and decades of exploration, automobile design and ingrained-consumer habits combined with political events in places such as Sudan and Libya, anxiety about possible conflict with Iran, and the energy aftershocks of last year's earthquake in Japan.

"This notion that a politician can wave a magic wand and impact the 90-million-barrel-a-day global-oil market is preposterous," said Paul Bledsoe, strategic adviser to the Bipartisan Policy Center and a former Clinton administration official.

The price of gasoline is a hardy perennial in presidential campaigns.

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Submitted Mar 14, 2012 By: angel4me

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PDQBlues Champion Author San Diego Posts:7,059 Points:1,445,400 Joined:Jan 2009	Message Posted: Mar 15, 2012 2:28:26 PM Ignore PDQBlues Report Abuse "If I had a magic wand to lower gas prices, I would." Know who said that? Pres Bush. No president can unilaterally lower gas prices.
alterman156 Champion Author New York Posts:7,475 Points:1,554,825 Joined:Dec 2008	Message Posted: Mar 15, 2012 1:10:48 AM Ignore alterman156 Report Abuse The president didn't raise the price of gasoline.
Sneakers55 Champion Author Houston Posts:51,270 Points:2,141,225 Joined:Nov 2005	Message Posted: Mar 14, 2012 2:17:13 PM Ignore Sneakers55 Report Abuse On Mar 14, 2012 12:36:11 AM, N5EXY wrote: >Today's prices are the product of a president that wanted 7 dollar >gas three years ago and said so. Well, he's succeeded slightly more than 50% on one of his goals.
schatzila Champion Author Los Angeles Posts:4,934 Points:1,013,695 Joined:Jun 2010	Message Posted: Mar 14, 2012 12:43:14 PM Ignore schatzila Report Abuse Banks are part of the problem
Night Owl Champion Author Toronto Posts:7,540 Points:1,784,650 Joined:Jul 2004	Message Posted: Mar 14, 2012 12:37:37 PM Ignore Night Owl Report Abuse American voters are right. Why isn't President Obama going after greedy Wall Street oil speculators? Why isn't he making the CFTC do its job in controlling greedy speculators? Why on April 21st did he announce a task force on high oil and gas prices, only to have that task force do absolutely nothing? On March 6th he had to reconstitute his do-nothing task force. Shame on Obama.
dgerst Champion Author South Carolina Posts:2,691 Points:553,000 Joined:Aug 2008	Message Posted: Mar 14, 2012 9:01:36 AM Ignore dgerst Report Abuse This voter does not blame the president. Only Newt can wave a magic wand and create $2.50 gasoline. Clean energy is coming.
tnfran Champion Author Arizona Posts:4,368 Points:840,240 Joined:Dec 2010	Message Posted: Mar 14, 2012 3:26:40 AM Ignore tnfran Report Abuse Voters are right about this.
JohnofGB Champion Author Flint Posts:5,411 Points:1,094,245 Joined:Feb 2010	Message Posted: Mar 14, 2012 3:24:17 AM Ignore JohnofGB Report Abuse Hot air.
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Mar 14, 2012 2:40:13 AM Ignore graceman Report Abuse Thats a bunch of bull----
cdrrod Champion Author Wisconsin Posts:4,139 Points:780,850 Joined:Feb 2006	Message Posted: Mar 14, 2012 2:04:42 AM Ignore cdrrod Report Abuse And who is calling these dumb people "experts"?
johnd900 Veteran Author Massachusetts Posts:475 Points:192,305 Joined:Jan 2012	Message Posted: Mar 14, 2012 2:03:12 AM Ignore johnd900 Report Abuse True, Obama did want fuel costs to be closer to Europe's. He may not have direct control over the pricing but he and his administration do have say in energy policy. So his hands are as clean on this as they could be.
BJWI Champion Author Milwaukee Posts:6,394 Points:733,400 Joined:May 2011	Message Posted: Mar 14, 2012 2:00:00 AM Ignore BJWI Report Abuse Anyone blaming the president for gas prices is just whacked in the head.
N5EXY Champion Author Austin Posts:5,482 Points:1,507,830 Joined:Jul 2004	Message Posted: Mar 14, 2012 1:36:11 AM Ignore N5EXY Report Abuse Today's prices are the product of a president that wanted 7 dollar gas three years ago and said so.
asog75 All-Star Author Indiana Posts:836 Points:278,405 Joined:Aug 2011	Message Posted: Mar 14, 2012 1:35:32 AM Ignore asog75 Report Abuse i agree i dont think that one man can tell the world what to charge for a barrel of oil,its traders in the stock market that drives up the price.