• Comment

Lower oil prices ease load on consumers and Obama

May 16, 2012 RSS Feed Print

Michael Dimock, associate director at the Pew Research Center, suspects that voters won't exactly thank Obama for $3.75 a gallon gasoline. Still, it dulls a weapon that his presumptive Republican challenger, Mitt Romney, would like to use to unseat the president.

And Obama can look forward to further help this fall. After Labor Day, refiners can begin using cheaper ingredients to make gasoline because wintertime clean air rules are less stringent. That should push gasoline prices lower between Labor Day and Election Day, barring hurricanes that can disrupt supplies or other global events, says Kloza.

"History will be working on behalf of the Democrats," he said.

___

Wiseman contributed from Washington. AP Staff writer Charles Babington contributed to this report from Washington.

Jonathan Fahey can be reached at http://twitter.com/JonathanFahey .

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Tags:
business,
Associated Press

Reader Comments

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Photo Galleries

History of U.S. Bombings, Failed Attempts

A look at some of the worst bombings in the U.S. and infamous failed attempts.

advertisement

Latest Videos