I was talking to an investment banker friend the other day and he is predicting that oil prices in America are going to go through the roof over the summer, tailing off by October.
I know that some of our conservative friends would never agree that Obama will be a two term President. But all things being equal and supposing that he currently is in a very strong position to beat Romney how much do you think gas prices will have to rise for his re-election to be in jeopardy?
In the UK we pay roughly $10.40 per gallon. Way more than the states (obviously). How much per gallon do you think would be the tipping point?