Tuesday, March 20, 2012

Obama to burn $80,000 in jet fuel (on purpose) to downplay gasoline prices

President Barack Obama is about to launch a 5,000-mile, four-state, two-day trip on Air Force One to contain the political damage caused by high gas prices.

Obama is slated to fly out this Wednesday to camera-ready podiums in Nevada, New Mexico, Oklahoma and Colorado, from where he’ll tout his administration’s efforts to reduce the nation’s use of gasoline.

His 5,000-mile trip will consume roughly 25,000 gallons of jet fuel, according to Boeing.

That adds up to a fuel bill of $80,000, assuming the Air Force buys jet fuel at the cheapest cost, now estimated at $3.20 a gallon by the U.S. Energy Administration. The retail price for jet-fuel at local airports is just over $6 a gallon, including taxes. Read More