About those low gas prices when Obama took office [View all]
I will repeat what I put in my journal a few months ago, hopefully to a wider audience. This seems to be a common RNC meme about how cheap gas was when Obama took office.
from here http://205.254.135.24/petroleum/gasdiesel/
On Aug 18, 2008 it was $3.71 and Sep. 29, 2008 it was $3.64 then it started falling as the economy crashed. 3.11 by Oct 13, 2.34 by Nov. 3, and 1.79 by December 1, 2008. Bottomed out at 1.59 on December 29. 2008. By Feb. 2, it was $1.87 and by March 30, $2.03.
That's kind of an outlier though, because from Dec. 31, 2007 to Oct. 13, 2008 gas was over $2.95, peaking at a price of $4.05 on July 14, 2008.
http://journals.democraticunderground.com/hfojvt/170
The price of gas was low when Obama took office because Bush had wrecked the economy. Actually the depressed world economy simply wasn't using as much petroleum then.
I guess if we elect Romney, Gingrich or Santorum, they will wreck the economy again and we can have lower gas prices.
That seems like a fair trade, no?
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