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Gasoline prices affect Obama re-election
Sun, 24 Apr 2011 16:07:50 GMT
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US President Barack Obama
The rising cost of oil, which has increased the price of gasoline in the US, is expected to deal another blow to US President Barack Obama's bid for re-election.

"My poll numbers go up and down depending on the latest crisis, and right now gas prices are weighing heavily on people," Obama said in Los Angeles this week to Democratic donors, The Huffington Post reported.

The national average price per gallon of gasoline has reached USD 3.84. However, it has surpassed the four-dollar mark in some areas.

By 2012, the national average would likely top USD four.

The White House is worried that the soaring oil prices along with a number of other economic woes could dominate next year's presidential campaign.

In his weekly address to the nation, Obama tried to quell the controversy surrounding the rising gas prices, saying, “Whenever gas prices shoot up, like clockwork, you see politicians racing to the cameras, waving three-point plans for two dollar gas.”

“You see people trying to grab headlines or score a few points. The truth is, there's no silver bullet that can bring down gas prices right away,” he added.

In his address, he also touched on the Justice Department's new Oil and Gas Fraud Working Group tasked with ending fraud and manipulation of the oil markets.

A recent poll released by New York Times/CBS News shows that 70 percent of people believe that the country is heading towards the wrong direction and 57 percent do not agree with the way Obama is handling the economy.

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