Posted by Tina
The Drill-Nothing Congress – IBD
In November of 2006, House Speaker-elect Nancy Pelosi issued a press release touting the Democrats’ “common-sense plan to help bring down skyrocketing gas prices.” ** She accused the oil companies of “price gouging.” The price of gasoline when the Democrats took control of Congress was around $2.25 per gallon. ** The average price of regular gas crept over the $4-per-gallon barrier over the weekend, as measured by AAA and the Oil Price Information Service. ** That represents a more than 75% increase in the retail price of a gallon of gasoline on Pelosi’s watch. Call it the “Pelosi premium” we’re all now paying.