Obama causes gas prices to drop to well below $3.00 a gallon in many states

Obama causes drop in gas prices

http://video.pbs.org/viralplayer/2365349729
Gas was under $1.00 a gallon during the Clinton administration (along with budget surpluses and low unemployment). Under George W. Bush, gas prices soared to over $4.00 a gallon. It wasn’t until our economy was heading over a cliff at the end of 2008 that gas prices went down to about $1.59 a gallon. Just a few months before that in June of 2008, gas was over $4.00 a gallon.

Obama’s policies are working. He is only able to do so much, considering Republicans flat-out refuse to work with him on anything, but things are getting better. The worst thing possible for out country would be for Republicans to gain any more power. For too many people, it’s party first.

Gas Prices Are Falling Fast

Gasoline prices are falling fast. In the past 7 weeks, the average U.S. retail prices has dropped 38 cents to $3.60 per gallon. Another 25-cent drop is expected by mid-July.

When prices approached $4 in early May, drivers were worried that $5 gasoline was a possibility this summer. But since then, oil prices have collapsed, the result of slowing economic growth in developed countries, weaker demand for oil and gas and this week’s decision by the U.S. and other countries to release 60 million barrels of oil from strategic reserves. Economists say falling prices will benefit consumers by leaving money in their wallets, and making them feel freer to spend on travel, shopping and dining. Read more…