Reuters Tries to Spin High Gas Prices: Obviously to Help Obama's Reelection Chances

You hated the high gasoline prices in 2008, but Reuters says today, Americans could care less in 2011. Seriously? Yes, seriously.

In what seems to be an effort to continue this push for Obama's reelection days after Obama announced Osama Bin Laden's death, we are now being told by the main stream media that Americans aren't as concerned about high gas prices and are anxious to get on the holiday road this summer.

By the way, I have yet to meet an American yet who is smiling at their gasoline bill. Here's the Reuters article.

(Reuters) - When gasoline prices shot to $4 a gallon in 2008, sticker shock cut fuel demand and helped send world oil prices tumbling by more than $100 a barrel in just five months.

Pump prices have returned to near those highs, averaging $3.95 a gallon after rising 36 percent in a year. Oil has also soared, with Brent trading just over $122 a barrel and U.S. crude over $110.

But this time, there are ample reasons to suspect $4 gasoline won't slash demand or trigger another oil price rout. Outrage over prices among American drivers, who consume an eighth of the world's oil, is turning into resignation with summer driving season around the corner. Motorists may bristle, and alarm over fuel costs is growing in Washington, but experts say the tipping point at which prices would slash demand has likely risen sharply since 2008.

"In 2008, $4 gasoline prices seemed so high they were almost inconceivable. They won't be viewed the same way this time," said Lars Perner, a consumer behavior expert at the University of Southern California, who has written about fuel...

Now here's the kicker.

Unlike in 2008, when the U.S. economy was entering a tailspin, employment has been rising, pushing more commuters onto roads and potentially making them less anxious about paying for fuel. Spending at the pump may also be less discretionary. In recent years recreational summertime driving has been making up less of U.S. fuel use.

See, Americans like paying for higher gas prices all because Obama is president. Obviously they ignored the higher unemployment today than was evident in 2008.