I saw a socialist networking meme pushed by MSNBC from a David Letterman quip that “gas is under $3 a gallon” and how is it that people are still against Obama?
If it wasn’t for fracking (which he opposes) it would be higher and every other attempt to produce more gasoline has been thwarted (offshore drilling, pipelines, etc.).
Additionally, gas was under $2 a gallon when he took office.
Yes it was but we were also in the middle of a financial crisis and very deep recession.
Cheap oil isn’t necessarily a “good” thing given break even rates in some of the shale basins. With prices falling (due to slowing global economy ex-US) and U.S. output increasing (highest levels in 30+ years) it’s not a good recipe for additional exploration and output. We are at the point now where we need to lift the export ban or we will have a glut of oil and prices will crash further.
Any dolt who thinks gas price is the ONLY issue is not paying attention anyways