Do you like what Obama has done to gasoline prices?

Question

Do you like what Obumma has done to gasoline prices?

Barack Obama was sworn in as president on January 20, 2009. In the week that ended on January 19, 2009, the weekly retail gasoline price in the U.S. was $1.90/gallon. Most people don’t remember that given the recent history of high gasoline prices, but I will get to that.

In May 2011 retail gasoline prices averaged above $4/gallon for three straight weeks. The most recent retail price — for the week ending September 10, 2012 — was $3.91/gallon. So prices are more than double what they were when Obama was sworn in.

When under Bush, gasoline prices rose, they said it was because he was "big oil." So, what do you say to Obumma?

If you like high gasoline prices, vote to keep Obumma in office four more years.

Answer 1

Gasoline is a worldwide commodity. The president has no control over the price, it is set be the world market.



If we had a socialist president, then the president could set the price.

Answer 2

I find it amazing how people think the ONLY way to get fuel is from another country.



We have WAY more oil than the American hating countries over there in "Sand Land", and all we have to do is drill for it right here are home. There is NO reason for the price to rise here. We simply drill for it. Its actually very simple. When we get our OWN oil, there is no need to pay the "open market" price. Its amazing how that works. I wonder if economic teachers have figured that one out yet. When demand goes away, price goes down. AMAZING!!!!! When demand goes up, price goes up. GENIUS!!! I wonder what would happen if we were not constantly getting our pipe lines denied and drilling restricted.... Hmmm.. lets think about that for a second...



Looking at the laws of economic's,,,, well.. it looks like THE PRICE OF OIL WOULD GO DOWN!!! Or would the price of tea in china somehow effect it? Nope. The price of Tea in china has nothing to do with oil. It still falls back on "supply goes up, demand goes down. When demand goes down, price goes down." Its like its magic.



Everyone knows the price of oil from the middle east is set by Opec. It costs them on average $2 per barrel to produce, but they turn around and set the current price at what.. $100 per barrel? Is that the current price? Wow. My math is rusty, but I "think" thats about a $98 profit. It looks like they are earning more than their fair share. I wonder why Obama likes them so much....... food for thought....

Answer 3

We have plenty here. This should be a non issue.