I believe that our leader talks about lower gas, but he really doesn’t want it lower.
The wholesale price of a gallon of gas is now $3.10 (f.o.b. New York). The price of ethanol is $3.37. The president is strongly promoting ethanol and subsidizing the ethanol industry very generously for his “Go Green” policy.
Imagine if the price of gasoline dropped, like natural gas did, by half. The price of gas would then be $1.55 per gallon, and the price of ethanol would still be $3.37. Nobody would want to buy the veggie gas, and another one of your leader’s programs would go down the tube.
This, he could not allow to happen. So be it: drilling bans and Keystone pipeline.