Nancy Pelosi in 2007
Nancy Pelosi in 2012
“Wall Street profiteering, not oil shortages, is the cause of the price spike,” Pelosi said in a statement. “Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws.”
The comments — arriving a day before President Obama is scheduled to address the issue of rising gas prices in Miami — represent just the latest shot in the perennial debate over the cause of price fluctuations in the oil and gasoline markets.
Regular gasoline prices are averaging $3.58 per gallon and have risen almost 20 cents in the last month, according to AAA.