IBD "Hypocrisy Watch: Democrats hope they've found an issue that will re-energize the fading "Blue Wave" with the recent spike in gas prices. Never mind that the increase is temporary. Or that Democrats have for years tried to force gas prices up — permanently — through various tax hikes.
"According to the federal Energy Information Administration, average pump prices for regular gasoline hit $2.923 a gallon this week. That's up 55 cents compared with the same week last year, and the highest prices have been since November 2014.
"Sen. Minority Leader Charles Schumer and other Democrats plan to use this price spike to blast President Trump and, hopefully, improve their election chances in November.
"President Trump's reckless decision to pull out of the Iran deal has led to higher oil prices," Schumer said. "These higher oil prices are translating directly to soaring gas prices, something we know disproportionately hurts middle and lower income people."
"But Schumer, as well as the reporters covering him, should know that the high gas prices are the result of three factors that are beyond Trump's control.
"One is the fact that OPEC has tightened its production quotas to counter the huge increase in U.S. oil production thanks to the fracking revolution. Trump has been trying to boost production still more.
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