us blames middle east revolts on oil price hikes
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Oil companies accused of greed

US blames Middle East revolts on oil price hikes

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice US blames Middle East revolts on oil price hikes

 US national average price of regular unleaded gasoline stood at $3.86 per gallon, up $1 from a year ago
WASHINGTON - AFP

 US national average price of regular unleaded gasoline stood at $3.86 per gallon, up $1 from a year ago Faced with skyrocketing oil prices as they struggle to emerge from a deep recession, Americans are blaming speculators and the unrest roiling the Arab world. As of Sunday, the national average price of regular unleaded

gasoline stood at $3.86 per gallon (3.78 liters), while a handful of states such as California ($4.21 average) and New York ($4.07) broke the $4 barrier, according to the AAA motor club. Overall, prices are up $1 from a year ago.
The last record dates back to July 2008, when the price of gas reached a national average of $4.11 per gallon. In parts of the US capital, the pricetag already runs as high as $4.99 per gallon. That\'s still a far cry from Europe\'s long history of high gas prices and taxes. Europeans pay nearly twice more than Americans, about 5.78 euros ($8.41) per gallon. Yet in a sprawling country where cars are ubiquitous and people rely heavily on them, Americans are looking for a scapegoat.

A McClatchy poll released Wednesday found 36 percent blamed the upheaval sparked by pro-democracy movements in the Middle East and North Africa for the price hikes, while 33 percent laid blame on greedy oil companies.
Another 11 percent said it was President Barack Obama\'s fault while six percent found Congress to be responsible. \"There\'s plenty of blame to go around for high fuel prices in the minds of Americans,\" concluded Lee Miringoff, head of Marist College\'s Institute for Public Opinion, which conducted the poll. But voters may also turn against Obama with his reelection bid gearing up.

Prices are going through the roof at a time when a CBS News/New York Times poll found 70 percent of Americans believe the country is on the \"wrong track\" -- a 20 percent increase since Obama took office in January 2009 -- while more than half disapproved of his handling of the economy.

Aware of the danger to his hopes to secure another four-year term in car-loving America, Obama discussed the concerns unprompted with voters as he toured the country this week in California, Nevada and Virginia. \"My poll numbers go up and down depending on the latest crisis, and right now gas prices are weighing heavily on people,\" he told Democratic donors in Los Angeles. In Palo Alto, he acknowledged that \"these gas prices are killing you right now.\"

And a National Journal poll of political insiders found that most senior analysts, including 75 percent of Democrats, agreed that Obama\'s Democratic Party will be \"hurt more by rising gas prices.\" High gas prices could certainly turn into political liability for Obama, who is renewing his push for renewable energy and fuel-efficient vehicles. \"Instead of subsidizing yesterday\'s energy sources, we need to invest in tomorrow\'s,\" Obama said in his weekly address on Saturday. \"We need to invest in clean, renewable energy. In the long term, that\'s the answer.\"

Earlier this week, he pointed the finger at what he called oil \"speculators,\" before announcing the creation of a Department of Justice working group that will probe oil price fraud and speculation. Some 44 percent of Democrats also blamed speculators for the high prices in the McClatchy poll, while Republicans laid blame on Arab uprisings.

The Energy Information Administration predicts US consumption of oil -- 75 percent of which it uses for vehicles and aircraft -- will slow to a 1.1 percent annual increase this year, down from two percent in 2010. The McClatchy survey also noted an increase in carpooling and the use of public transportation. Keen on using down to the last drop of oil they can spare, more and more American drivers are running out of gas behind the wheel. AAA\'s Auto Club of Southern California, home to some of the country\'s highest gas prices, noted a 13-percent increase in servicing drivers who ran out of gas in just the first three months of 2011. Across the nation, the auto club is now providing service to some 16,000 drivers each month who let their tanks run completely dry, said spokeswoman Marie Montgomery. \"It\'s so painful to go to the gas station they just put it off and they can make it,\" she said.
\"People say \'it\'s so expensive, I thought I could make it\' and they don\'t.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us blames middle east revolts on oil price hikes us blames middle east revolts on oil price hikes

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us blames middle east revolts on oil price hikes us blames middle east revolts on oil price hikes

 



GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 09:36 2017 Thursday ,07 December

Heidy Karam’s contract to present talk show close

GMT 10:50 2012 Friday ,20 January

Dusty weather expected in UAE on Friday

GMT 09:35 2018 Saturday ,13 January

New Zealand bat first in third ODI against Pakistan

GMT 10:48 2017 Saturday ,23 December

Meryl Streep's brand under threat

GMT 06:53 2017 Thursday ,11 May

17th Doha Forum To Begin Sunday

GMT 10:30 2017 Thursday ,23 November

Reports underline proliferation of weapons in Arab world

GMT 07:46 2017 Monday ,30 October

Catch it early, treat it early and move on

GMT 08:05 2015 Tuesday ,17 February

Conan O'Brien is first late night host to film in Cuba

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice