Since the beginning of President Obama’s first term, Republicans have disingenuously blamed the president and his policies for what they call “skyrocketing gas prices.” CNBC reports: Prices fell 18 cents to an average of $3.08 per gallon for regular grade gasoline, according to the fortnightly survey conducted on Oct. 24, the lowest price since Dec. 2010, and the silence from the GOP/Tea Party is deafening.
But they haven’t always been quiet.
Yeah, sure. Those were the prices when Obama took office. You know, when we were in the thick of the Bush Recession — the worst recession since the Great Depression. Those were the prices in January 2009. What else happened in January 2009? We lost 598,000 jobs, (the worst job losses in 34 years) and the unemployment rate climbed to 7.6 percent.
But why do right-wingers only want to talk about what gas prices were ‘the day Obama took office?’ Because it gives the false impression that prices were that low for the entirety of Bush’s two terms. What’s the truth? Bush still holds the record for highest gas prices ever, hitting a record high of $4.11 in the summer of 2008. Facts.
So how did the pathological liars at Fox ‘News’ justify skyrocketing gas prices under King George? I’m glad you asked.
“No President has the power to increase or to lower gas prices, those are market forces!”