“Yet prices are still below what they were under W.”
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That’s Misleading. Pump prices spiked in 2008, but the financial scare had something to do with it. Average pump prices were well under $3.00 a gallon from 2005 through the middle of 2007, except for a brief period just after Katrina hit the Gulf.
Prices bottomed out just before Obama took office, and they’ve been steadily rising ever since:
http://gasbuddy.com/gb_retail_price_chart.aspx
- JP
EIA indicates that for 90 of the 416 weeks Bush was in office was the gasoline higher than what it is right now.
It was a spike absolutely.
Obama wants to increase the gasoline tax. Anybody think that will cause prices to drop?