Is Obama to Blame for Gas Prices?

The hypocrisy of the Conservatives never fails to amaze me and the hypocrisy of blaming President Obama for rising gas prices is no exception!

Gas price under bush went to $4.21 a gallon and was over $3.00 a gallon most of his last term in office.

The only reason gas was at $1.85 when President Obama took office is because of the economic crash which greatly reduced demand and the crash effected all countries not just the US. Gas prices rise with demand and as the economy has improved it is completely normal for gas prices to increase as more businesses use fuel for deliveries, more trucks on the road, more people traveling, and more people driving to work.

So our rising gas price is actually an indicator that the economy is recovering.

We also see a spike when the Libya UN action happened and now with Iran and Israel in a standoff an Syria effecting the region we are seeing another spike as speculators are betting on a war.

Anyone that tries to blame president Obama for higher gas prices is a fool and drilling more oil would not lower the price because we do not have a shortage and oil drilling has quadrupled in the last 4 years and the US is now a net exporter of oil.

So ignore the talking heads and fear monger Conservatives and complain all you want about higher gas prices but don’t blame President Obama!

3 thoughts on “Is Obama to Blame for Gas Prices?

  1. I needed this article last week, when someone told me that the president raised gas prices to create a crisis! Wow, where is she living!

    Like

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