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Sunday, October 24, 2004
More bad news for the President?
None of this seems to stick--I don't really understand why--but yet another bit of news that should adversely affect the President's chances at reelection is being reported at this hour. Bloomberg has the scoop:
I still understand why the public doesn't care about rising costs of gasoline, presciption drugs and other products which were at least in part caused by the President's actions. I wish I could figure it out, but for the life of me I can't. I huess we'll see if there are any effects, though, in about 9 days.
U.S. gasoline pump prices rose about 5 cents in the past two weeks to an average of $2.0408 a gallon, Trilby Lundberg said, citing a survey of about 7,000 filling stations by her Camarillo, California-based market research firm.Link.
Rising crude-oil prices were the main cause of the increase, Lundberg said in a telephone interview. Crude-oil futures in New York closed at an all-time high of $55.17 a barrel on Oct. 22, the day the survey was conducted.
``In fact, gasoline prices haven't caught up with crude-oil prices in the past two weeks, so there is more pressure for retail gasoline prices to rise a bit further,'' Lundberg said.
I still understand why the public doesn't care about rising costs of gasoline, presciption drugs and other products which were at least in part caused by the President's actions. I wish I could figure it out, but for the life of me I can't. I huess we'll see if there are any effects, though, in about 9 days.
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