Skip to comments.Gingrich woos with prospect of $2 gallon gas
Posted on 02/20/2012 5:52:44 PM PST by Red Steel
TULSA, Okla. (AP) - Republican presidential candidate Newt Gingrich is dangling the prospect of gas as low as $2 a gallon if he's elected.
The former House speaker has spoken in the past of gas dropping to $2.50 a gallon under a Gingrich administration. Monday's prediction, coming as Gingrich campaigned in Oklahoma, contrasts sharply with rival Rick Santorum, who told an Ohio audience that big-city Americans should brace themselves for $5-a-gallon gas.
Both candidates are citing new sensitivity over rising pump prices to push for relaxed regulation on domestic oil production.
According to AAA's daily fuel gauge, the national average Monday for a gallon of regular gas was $3.56.
Gingrich and Santorum have been highlighting oil exploration in North Dakota and slamming the Obama administration for delaying a Canada-to-Texas oil pipeline.
Republican presidential candidate Newt Gingrich dangled the prospect of gas as low as $2 a gallon if he's elected, playing off voter angst about rising prices at the pump.
The former House speaker has spoken in the past of gas dropping to $2.50 a gallon under a Gingrich administration. Monday's prediction came as Gingrich campaigned in Oklahoma, where the oil and natural gas sector is vital to a bustling state economy.
"With Gingrich policies, what we know is we will dramatically expand our independence in the world market, dramatically expand our capacity to produce energy without regard to our foreign potential enemies and in the process prices will clearly be a lot lower," Gingrich said. "Now, I picked $2.50 as a stabilizing price for capital investment reasons. It could easily go down to $2."
According to AAA's daily fuel gauge, a gallon of regular gas was approaching $4 in some places and even topped it in California.
(Excerpt) Read more at money.msn.com ...
Newt should just go ahead and say $1.99 or $1.98
Why not while he’s at it?
That’s just stupid and desperate. Please. We all know that’s BS.
There is no reason other than Government why we are paying such high prices on energy.
At every turn over the past three years one rule of thumb can be applied. If it is good for America, this administration (and by extension the Democrat party) is against it. If it can hurt America, this administration is for it.
He said $2.50 on Hannity today. Now he’s down to $2.00??
Someone should ask him to make a good six pack of beer $3, and a fine steak $5 as long as he’s determining the price of free market goods.
And you back that up how newcomer?
Proving once again, Santorum has no confidence or of any domestic plan in turning the economy around. He tells us, get use to the price increases. Very un -inspiring. Between the candidates, Newt is right on target. Drill here, open up the fuel reserves in which God gave us.
Remove the local state and fed taxes on each gallon!
Conquer Saudi Arabia?
How do YOU back up that Newt could wave a magic wand and make gasoline $2 a gallon?
Watch out for the pest poop.
Remove Government excess and you could very well have that.
I’ve got no problem with a reasonable tax on a gallon of gas... as long as it goes DIRECTLY to road maintenance and repair (and nowhere else). You can reduce it... you can’t get rid of it. Roads don’t fix themselves.
It’s people like you that are scary. You really believe what you just said which is that we’ll never see $2 gas again.
People like you are the reason we’re in this mess. You probably voted for the hope and change guy last time because you believed what he said.
Bachmann claimed $1.80.
Do we hear $1.75?
Why not $1.50?
Or even $1.00?
[Pandering is pandering.]
He shouldn’t be making price predictions, as that lends the impression that he’d mess with the marketplace to achieve his goals.
Give us a promise to get out of the marketplace and tell us how’d you do that, but no price promises.
In other words: price setting is an empty political slogan. Newt can put in place good policies and give us a better energy outlook, but promising gas at price X is silly.