It’s hard to think that increasing gas prices alone can derail the economy and Barack Obama’s re-election along with it, but the media certainly makes it seem possible with their headlines.
I remember during the summer of 2008 - in the heat of the presidential election - we encountered the same issue. Democrats tried to blame higher gas prices on then president George W. Bush. There were talk of opening up our oil reserves, more drilling, and regulating speculators.
Senh: The good news is that inflation isn't going up much. Still, it's interesting how one single element, like gas prices, can affect other industries. Nothing's an isolated case. It's not just just gas prices; it's also everything related to it - like public transportation, transportation of products, airline fuel, etc... All of that eventually work their way into the price tag of every product you see in the supermarket or department store.
Senh: That's how it is. The economy improves, stock market's up, and, well, gas prices go up. You just gotta take the bad with the good, and, overall, economy is doing better. Things are looking up.
Senh: Great. Now that people are making less or unemployed, they have to pay more for necessities.