KevinWestern
Hello
Marking the similarities between President Barack Obama's time in office and former president Jimmy Carter's is nothing new. But as of Monday, Obama has hit one more Carter benchmark - both saw gas prices double in their first term of office.
In fact, while just barely, Obama has seen an even higher gas price increase than Carter dealt with under his administration.
Under the Carter administration, gas prices increased by 103.77 percent. Gas prices since Obama took office have risen by 103.79 percent. No other presidents in recent years have struggled as much with soaring oil prices. Under the Reagan administration, gas prices actually dropped 66 percent. When Bill Clinton was president, gas prices grew by roughly 30 percent, and under both Bush presidencies, gas prices rose by 20 percent.
The National Republican Congressional Committee called attention to Obama's recent "dishonorable distinction," blaming the Democrats' rejection of the Keystone XL pipeline as a major factor for skyrocketing gas prices.
Gas Prices averaged $1.86 a gallon when Obama took office.
Gas Prices Grow More Under Obama than Carter - Washington Whispers (usnews.com)
DRUDGE REPORT 2012®
You should see how the Chicago Tribune has spun that shit...
First they attempted to paint higher gas prices as a sign of a growing economy, then a few days later they printed a story which implied gas prices are high because the savior Obama advocates people drive hybrids - hence you're really not paying more at the pump because you drive a Chevy Volt, hence you're only paying 75% of that 4.50 gallon of gas..
How dumb to progressives really think people are???
They'll spin just about anything.
The Hybrid part's a bit bogus, but I think there's some truth behind a growing economy causing the price of gas to rise (that is, if you think the economy is growing). More demand for gas will equal higher pricing; less demand for gas will cause the price to drop.
I think the drastic drop in demand for gas when the economy tanked in 2008 was one of the culprits behind the temporary low point of $1.86.