Obama’s Gas Prices
A sign at a local Exxon station seemingly blames high gasoline prices on Barack Obama.
Aside from the fact that it’s crazy to think US presidents control the price of gas—or, if they did, that they’d be this high four weeks before an election—it’s worth noting that gas prices are lower now than they were in the summer of 2008.
Here, from GasBuddy.com, is the five year trend:
And here’s the 8-year trend, the longest available on the site:
These don’t appear to be adjusted for inflation. Still, it’s pretty obvious that prices have fluctuated wildly and rapidly in recent years. Obama took office with prices at their lowest point during the eight year period shown, presumably deflated from the global economic meltdown.
To the extent presidents control gas prices, you’ve got to hand it to Obama’s predecessor: George W. Bush got prices down ridiculously low just in time for the 2004 and 2008 elections. It apparently wasn’t enough to push John McCain over the top, though.