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Gas price politics
September 20, 2012 - Jim Anderson
At GasBuddy.com, there’s a chart that shows gasoline prices over the past eight years.
(The link is available at right. Click on eight years along the upper tab once you reach the site.)
The most dramatic thing about the chart is the plunge from the all-time high in the summer of 2008 (when President George W. Bush was still in office) to the eight-year low in early 2009 when President Barack Obama took office.
The plunge, of course, was due to the financial crisis that hit in September 2008.
The chart shows that under the Obama administration prices have never climbed as high as the peak during the Bush administration.
Adjusted for inflation — according to a report in the San Jose Mercury News — the average price for gasoline during George Bush’s second term (through the first 45 months) was $2.98. Under Obama: $3.04.
The Mercury News story also offers this:
“In 2006, when asked if Bush could reasonably do something to bring down gas prices, 73 percent of Democrats and 47 percent of Republicans said he could, according to a Washington Post/ABC News poll. When asked the same question of Obama this year, the results reversed: 33 percent of Democrats and 65 percent of Republicans said the president had control of gas prices.”
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