Gas

Consumers feel they are entitled to low gasoline prices….

Gasoline demand has grown independent of changes in prices…

Consumers are upset about high gas prices….

Food and energy inflation is high and getting higher….

There isn’t enough refining capacity….

There is too much dependence on foreign energy sources….

Consumers expect the government to provide subsidies to keep gas prices low….

I know all those headlines must sound familiar - except they aren’t from the United States.  They are all pulled from the coverage of Iran’s gas rationing situation.  A bit ironic don’t you think?  The 4th largest oil producer has similar problems to its political archenemy and the numero uno gas guzzling economy in the world - the United States.    The UN and President Bush can pressure for change due to nuclear energy and yet, it’s gasoline that is causing the biggest challenge to Prez Imanutjob.