Consider this map of the country. The green area is where the Canadian crude is helping to keep prices lower. The dark red areas are those that are dependent on the high-priced, imported crude.
State GDP is directly correlated with vehicle registrations. The red-colored states, paying the highest prices today, represented 57% of 2010′s GDP. Green states, contributed only 8% GDP.
His primary point is that if gas prices reach $5 a gallon in CA and NY then it will derail any possibility of economic recovery. If that happens and Greece defaults, which is also quite possible, then Obama will be in serious trouble, even considering the current clown car train wreck that is the Republican primary.