Gas Prices Up 83% During his First Term as President … As He Touts Payroll Tax Cut

As President Barack Obama touts extending the payroll tax cut, every one in the room including the water carrying liberal Obama media seems to be ignoring the real issue … gas prices are up in the United States 83% since Barack Obama took office. I guess he will be blaming this on Bush as well.

President Barack Obama listed rising gas prices as among the many reasons to extend the payroll tax cut Tuesday, flanked by individuals the White House promoted as being affected by $40 per paycheck the average American would lose if the tax cut is not extended at the end of February. [...]

CNSNews.com reported last month that under Obama, the price of gas climbed by 83 percent.

When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the Bureau of Labor Statistics. The figures are in nominal dollars: not adjusted for inflation. Five months later in June, unleaded gasoline was $2.26 per gallon, an increase of 26 percent. By December 2011, the price of regular unleaded gas per gallon was $3.28, an 83 percent increase from January 2009.

Gas prices are only expected to only go up Some analysts are stating they could go as high as $5 a gallon.. Presently, AAA has the US average price at $3.518. Try winning reelection when voters can barely afford to drive their car to work. All the spinning does not explain away what could be a greater than 100% increase in gas prices since Obama took office.

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Comments

2 Responses to “Gas Prices Up 83% During his First Term as President … As He Touts Payroll Tax Cut”

A Texas Grandfather on February 15th, 2012 2:42 pm

If Obama and the Department of Energy along with the EPA have their way, we will not have enough fossil energy to heat or cool our homes much less have a source for our vehicles.

We have drilling shut down, pipeline construction and conversion stoped by the foolish Federal regulations and in addition, their has not been a new refinery built in the United States for over thirty years.

A country that chooses to go backwards in energy discovery and usage soon becomes a third world nation.
cmerun on February 15th, 2012 8:07 pm

Not taking up for Obama…he’s done a sucky job. However, you aren’t telling the whole story. In July 2008, gas peaked at $4.09 per gallon. That’s $0.16 higher than the highest it has been since Obama took office.

The only reason gas prices were so low at the time of his election was because it was election year and month. That always happens. The same goes for why prices were high that summer… prices always are higher in the summer, whether a republican or democrat are in office.

So, no… it hasn’t increased 83%, it has fluctuated like it has always done and will continue to do. Wait till a month or two before election, I’m sure the bottom will fall out of the price again.
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SM: No the facts are the facts … when Obama took office that was the price. Just like the Stock market was a certain value, so were gas prices.

The fact of the matter is by the time the 2012 elections take place it will be over 100%.
R

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