WOW!! Nice try to spin this on the oil company's, Diane! I remember you blaming Bush for high gas prices in 07 & 08. So why is this not your God, Lord Obama's fault???
A stunned Diane Sawyer couldn’t believe her eyes on Wednesday as gas prices jumped 10 cents at a California gas station as an ABC journalist was giving a report on rising gas prices.
The field reporter, Ceclia Vega, started her segment by standing in front of a flashing gas sign that ready $4.99. But by the end of the video segment, the sign behind Vega read $5.09.
“It went up 10 cents?” Sawyer exclaimed.
“10 cents during that two minutes while we were on the air,” Vega responded.
By the way, it’s interesting to note that the ABC video report made sure to point out that most of the money paid at the pump gas goes to oil companies, but was noticeably silent about the Obama administration policies and positions that have contributed to rising prices (i.e. blocking the keystone pipeline and rising inflation).
The Wall Street Journal’s Peggy Noonan tackled that concept in an column on Friday. While she acknowledged that a president can’t be held directly responsible for rising oil prices, Obama can’t be absolved completely.
“Oil is traded in dollars, and its price therefore rises when the value of the dollar falls, all else being equal,” she explains. “The Federal Reserve throughout Mr. Obama’s term has pursued the easiest monetary policy in modern times, expressly to revive the housing market. It has done so with the private support and urging of the White House and through Mr. Obama‘s appointees who are now a majority on the Fed’s Board of Governors.”
Oil prices rose to a fresh nine-month high above $108 a barrel Friday in Asia.
Benchmark crude for April delivery was up 59 cents to $108.42 per barrel late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.55 to settle at $107.83 in New York on Thursday.
Brent crude was up 55 cents at $124.17 per barrel in London.
This story has been updated.
(H/T: Business Insider)
Tags: Diane Sawyer, Stunned, as, Gas, Price, Jumps, 10 Cents, During, Live, ABC, Report
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