Gas Prices More Than Double Under Obama: $1.84 To $3.85...

Discussion in 'Politics' started by paulitician, Sep 15, 2012.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    Average retail gasoline prices have more than doubled under President Obama, according to government statistics, rising from $1.84 per gallon to $3.85 per gallon.

    The average gasoline price is calculated by the Energy Information Agency, and shows that over the past 43 months of President Obama’s term retail gasoline prices have more than doubled, rising from an average of $1.84 per gallon to $3.85 per gallon.

    Rising gasoline prices were particularly prevalent in August, which saw a 9.0 percent rise in the Consumer Price Index (CPI) for gasoline, a rise that almost entirely accounts for the general increase in prices seen by families across the country over the past month.

    In other words, the recent spike in prices for all goods – tracked by the government’s Consumer Price Index – can be almost entirely accounted for by the rise in gasoline prices. Prices in the economy rose by 0.6 percent overall in August.

    “The seasonally adjusted increase in the all items index was the largest since June 2009. About 80 percent of the increase was accounted for by the gasoline index, which rose 9.0 percent and was the major factor in the energy index rising sharply in August after declining in each of the four previous months,” the Bureau of Labor Statistics said in a press release announcing the new CPI figures for August...

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    Gasoline Prices More than Double Under Obama: $1.84 to $3.85 | cnsnews.com
    DRUDGE REPORT 2012®
     
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  2. Katzndogz
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    Katzndogz Diamond Member

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    After Bernake's hyperinflation takes hold, you might think of these as the good old days of cheap gas.
     
  3. uscitizen
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    uscitizen Senior Member

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    Yet another "Gas prices double under Obama" Thread...

    I guess it gives those who cannot understand why they were so low when Obma took office a thrill.
     
  4. tyroneweaver
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    tyroneweaver Gold Member

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    flooding the market with 48 billion a month will devalue the dollar and force commodity prices up including gas. A double wammie on the electorate.
    Yet zero will get up there and say he's for the middle class ya right. Guys like Limbaugh and Romney will still be able to afford gas even if it reaches 15 dollaars a gallon
    Who's this idiot obama foolin. Yet dems buy this $$$$
    businesses are not going to hire till obama is outta office. dang bernakie is stupid
     
  5. Shelzin
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    Shelzin Equal Opportunity Asshole

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    Oh for the love of fucking god. What were they during the Bush years? It was below 2.20 for what? 6 months out of 96?

    I'm sorry.... But this is aimed at the morbidly stupid. My opinion.
     
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  6. Shelzin
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    Shelzin Equal Opportunity Asshole

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    Well it sure as hell isn't going to help. but it's hardly the only reason.
     
  7. paulitician
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    paulitician Platinum Member Supporting Member

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    Skyrocketing Food & Gas Prices really are hurting average Americans. It is a big issue.
     
  8. Jroc
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    Jroc יעקב כהן Supporting Member

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    The "middle class" doesn't care about gas prices in Obama land.
     
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  9. uscitizen
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    uscitizen Senior Member

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    would not matter much if wages were going up.
     
  10. Katzndogz
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    Katzndogz Diamond Member

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    In obamaland we don't need oil, we need corn, rice and algae.
     
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