Nets Falsely Cite “Record High” Gas Prices, Target Oil Profits

Weekly Example of Media Bias   —   Posted on August 17, 2005

To reach a record high, the price of a gallon of gas would have to exceed $3 a gallon and oil would need to go over $90 a barrel, yet the media continue to erroneously hype lower price points, such as $2.37 for gas, as “record highs.” On Thursday night, ABC anchor Bob Woodruff fallaciously cited “record high” gas and oil prices before Betsy Stark fretted that if “record” prices on home heating oil “comes on top of record gas prices, there will be lots of consumers with nothing left to spend after they’ve paid all those energy bills.” Woodruff spun the story into an indictment of the energy industry: “Oil companies and oil-producing countries are making massive profits while American consumers are really feeling it.”

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