President Obama Warns Cheap Gas Won't Last
Americans are enjoying cheap gas prices nationwide, but President Barack Obama warns that it won’t last.
In an interview with The Detroit News, President Obama continued to support small, fuel-efficient vehicles and cautioned families to consider what they do with the money they save at the pump. Since June 2014, oil prices have fallen 40 percent and as a result gasoline prices have dropped to around or below $2 a gallon around the country. But Obama wants to make sure that Americans don’t believe that “demand for oil by China and India and all these emerging countries is going to stay flat.”
SEE ALSO: Cheap Gas Could Save Consumers $80B in 2015
The interview comes as Obama prepares to visit the Ford Michigan Assembly plant in Wayne. During his visit, the president will speak about his administration’s bailout of the U.S. automotive industry and the resurgence of the market, especially considering several automakers broke records this year in sales.
[Source: The Detroit News]
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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