AP: 'Gingrich woos with prospect of $2 gallon gas' [View all]

[Newsjock]

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/02/20/national/a132648S91.DTL&tsp=1

Republican presidential candidate Newt Gingrich is dangling the prospect of gas as low as $2 a gallon if he's elected.

The former House speaker has spoken in the past of gas dropping to $2.50 a gallon under a Gingrich administration. Monday's prediction, coming as Gingrich campaigned in Oklahoma, contrasts sharply with rival Rick Santorum, who told an Ohio audience that big-city Americans should brace themselves for $5-a-gallon gas.

... Monday's prediction came as Gingrich campaigned in Oklahoma, where the oil and natural gas sector is vital to a bustling state economy.

"With Gingrich policies, what we know is we will dramatically expand our independence in the world market, dramatically expand our capacity to produce energy without regard to our foreign potential enemies and in the process prices will clearly be a lot lower," Gingrich said. "Now, I picked $2.50 as a stabilizing price for capital investment reasons. It could easily go down to $2."