Bush Campaign To Be Blamed In High Gas Prices

Gasoline prices in the States hit a record high for the fourth week, increasing to $1.813 a gallon on Monday.

The latest pump price is 29 cents higher than this time last year, according to the U.S. Energy Information Administration's weekly survey.
Strong consumer demand for gasoline and tight fuel supplies are pushing up pump prices.
When adjusted for inflation in 2004 dollars, the highest price for gasoline was $2.99 a gallon in March 1981, EIA said. European drivers face much higher gasoline costs than in the United States, with prices in some countries around $5 a gallon.
The record price comes as a reporter Bob Woodward claimed that Saudi Arabia's ambassador to the United States, Prince Bandar bin Sultan, promised President Bush the Saudis would cut oil prices before November.
Woodward, author of a new book on Bush's preparations for the Iraq war "Plan of Attack," said Prince Bandar pledged the Saudis would try to fine-tune oil prices to prime the U.S. economy for November's presidential election, a move they understood would favor Bush.