White House: President Bush wasn't joking, no one told him about $4/gal gas predictions

Two days ago, we told you President Bush said he was unaware some analysts were predicting $4 for a gallon of gas in the U.S.. The day before Bush made those remarks, White House press secretary Dana Perino was actually asked about gas prices and she said "we're mindful of it." Yesterday, when asked if Bush was "joking around" when he said he did not know their was talk of $4 gas, the White House said that "the President's point was that neither his advisors nor Energy Department analysts are at this point forecasting $4-a-gallon gasoline."

But $4.00 gas is actually here today is some parts of the country. What does the White House have to say to that? "I think that the national average, as of earlier this week, was $3.15, according to the Energy Department and other surveys" says the White House. The EIA actually says $3.13 and "other surveys" must mean things like the AAA survey, which says $3.16. So, the White House uses multiple surveys for the average price of gas but only use a single, government source for predicting gas prices? That makes perfect sense because the EIA has been so incredibly accurate and its predictions have never changed (/sarcasm).

The price of a barrel of oil went over $103 recently and it's reasonable to think that, as a former oil man, the president knows $4 for a gallon of gas is very possible, even if he didn't see the predictions. Perhaps he was trying to defuse what might have been seen as an endorsement of the $4 prediction in the question, a number the EIA has not officially predicted. However, his appearing to have "no clue" on what analysts are predicting, as the CNN video below the fold says, is more disconcerting to some than the actual $4 predictions themselves.

[Source: The White House]

The video meant to be presented here is no longer available. Sorry for the inconvenience.

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