AMAC Calls on President Obama to Stem Rising Gas Prices; the Association Says Seniors are Most at Risk

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While $4.00 gas is an imminent threat, some experts believe that prices might soon be approaching $5.00, if action is not taken soon.

The soaring cost of gasoline is having a particularly severe impact on senior citizens, most of whom are on fixed incomes

The Association of Mature American Citizens [http://www.amac.us has called on President Obama to take immediate action to stem rising gasoline prices. “The soaring cost of gasoline is having a particularly severe impact on senior citizens, most of whom are on fixed incomes,” AMAC president Dan Weber says in his plea to the White House.

Weber points out that gas prices have risen for seven straight weeks through January and that it is having a significant effect on the lifestyles of seniors in particular. “While the average price of gas is currently hovering above $3.10 a gallon, there are many pockets in the nation where prices are fast approaching $4.00 a gallon. These levels are having a devastating consequence on the lives of older Americans on fixed incomes, he says.

“Gas prices rise and fall based on the availability of future oil supplies. The smaller the anticipated supply, the higher the prices. Yet, instead of encouraging American exploration and drilling for more oil or opening up the country’s vast reserves, the president has stymied drilling by stopping all future offshore drilling no matter how many safeguards are installed,” Weber charges.

“While $4.00 gas is an imminent threat, some experts believe that prices might soon be approaching $5.00, if action is not taken soon. Thus, we call on the president to suspend his focus on alternative energy sources and begin concentrating on the abundance of traditional sources this nation has to offer.”

Weber suggests that the president disregard the advice of “radical advisers, particularly his Energy Secretary Dr. Steven Chu. He’s the guy who told the Wall Street Journal in 2008 that ‘somehow we have to figure out how to boost the price of gasoline to the levels in Europe’.”

Chu’s rationale is that the more expensive the price of gasoline, the easier it will be to implement widespread use of more “environmentally friendly” energy sources, he notes. Currently gas prices across the Atlantic range from $7.24 to nearly $8.00 a gallon.

Weber warns that President Obama’s failure to act “has already caused intolerable hardship for many families across the U.S. Continued inaction may be catastrophic in scope.”

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John Grimaldi
AMAC
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