Barack Obama, Gasoline Prices | featured news

For all the domestic political talk about high gas prices, President Obama says one major factor can be traced overseas: Iran.

Wooing a nation of increasingly angry motorists, President Barack Obama and his Republican rivals are all plunging into gas-pump politics, seeking the upper hand as energy becomes a driving issue in the election campaign....

Thanks to the circular firing squad nature of the 2012 Republican presidential primaries, it had begun to look as if President Obama would coast to re-election in November. But then came along high gas prices. The recent dramatic increase in gas prices could become the issue that slows the economy, stalls the recovery and sinks the president's chances at a second term.

Following GOP strategy, Fox News is again blaming the Obama Administration for rising gas prices -- a claim that has been repeatedly debunked by energy analysts. But back in the summer of 2008 when the average U.S. gasoline price hit a record high of $4.11, Fox said that "no President has the power to increase or to lower gas prices" and the only way to reduce our vulnerability to gas price spikes is to use less oil.