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Friday, June 24, 2011

Relief at the pump

According to a feed from Reuters, there are mixed opinions concerning President Obama's decision to release 30 million barrels of U.S. oil reserves. As gas prices continue to soar, the decision was made in hopes of relieving some of the economic strain that Americans face in their daily lives.

Some speculate that the move was purely political as President Obama hopes to garner support for the 2012 election. Others express little concern for the motivation behind what prompted the move. Personally, I couldn't care less why gas prices are going down. I am just glad that they are. Currently, I drive 65 miles round-trip to work each day and the cost of travel significantly impacts our household budget. Even if this move only lowers gas to $3/gallon, it will be a tremendous help to us.

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