Tagged: gas prices

Missouri Senator Roy Blunt is one of the Republicans blaming President Obama for gas prices that have reached close to $4 per gallon, saying his rejection of the Keystone pipeline hurt the economy.

Obama is defending his energy policies in Oklahoma today, pointing to plans to fast-track an oil pipeline from Oklahoma to Texas that emerged after he delayed the larger Keystone XL pipeline earlier this year.

Even so, Blunt says the president continues to obstruct progress.

Missouri Senator Roy Blunt says oil refineries continue to push back on his amendment to the highway bill. The so-called “Boutique Fuels Amendment,” introduced last month, would relax requirements on special blends of gas that are used in different states and cities.

Blunt says the amendment would lower gas prices.

During a conference call with reporters this morning, Blunt said the refineries that were not profit centers for the oil companies before the Clean Air Act now are.

For St. Louisans, there is one nugget of good news amidst the plunging Dow and struggling economy: gas prices are falling steeply in the St. Louis area.

Experts say the price of a barrel of oil dropped after Standard & Poor's lowered the nation's credit rating by one notch last week.

The price of gas fell below $3.20 per gallon at many stations in the St. Louis area on Monday. Just a little over a week ago, drivers shelled out more than $3.60 for a gallon of regular unleaded at some stores.