No Carter Echo for Obama as Gasoline Cost May Ease for Campaign

Soaring gasoline prices have eroded President Barack Obama’s job-approval ratings and exposed him to political attacks even as futures markets, the chairman of the Federal Reserve and some analysts say prices may soon peak.

House Speaker John Boehner, an Ohio Republican, underlined the growing political pressure on Obama last week, saying the president “certainly isn’t gonna win” re-election next year if gasoline prices, now close to a national average of $4 per gallon, reach $5 or $6.