I heard Mike Fox on WTIC 1080 say the other day, gasoline could top $5 per gallon by summer. Fox heads the Connecticut division of the Gasoline & Automotive Service Dealers of America. If that happens, there goes President Obama’s re-election chances.
We keep hearing about the economic turnaround. If there has been one, it has been fueled by too much government spending at the federal and state level. The ripple effect is already being felt at the municipal level, with cities and towns releasing their new budgets, most which include tax hikes. Meanwhile, Connecticut is operating in the red, following the largest tax increase in state history. This Keynesian 
economic approach cannot last forever.
Five dollars per gallon will be the tipping point. That’s when any artificially fueled economic recovery will be stalled. Vacation plans will change and Americans, who were just starting to loosen their purse strings, will tighten them again. And at $5 per gallon, Barack Obama can kiss his re-election chances good by. It could be an interesting summer.
Your poll asks about vacation plans. This summer, for the first time in several years, we were planning some day trips inside CT since I now have an improved job situation. $5 per gallon gas will kill that. My job situation has not improved that much!!
I’m not sure that $5 gas will deter the check-collecting public, or those of us currently reaping a good 8-10% on their stock dividends so far this year from voting for Obama. As for the rest of us “working” people who are taking a pay cut every day we drive, are there enough of us around to make a difference??..I hope so!
$8.00 per gallon would be worth it if it would flush Obama out of our lives forever.
I think we need $5 gas so that people will drive less and conserve it. We have got to control the amount of carbon dioxide in the air if we expect to be able to breathe and have our homes on dry land in a few years.