Interesting exchange during the last debate between Barack Obama and Governor Mitt Romney:
Gov Romney: The proof of whether a strategy is working or not is what the price is that you’re paying at the pump. If you’re paying less than you paid a year or two ago, why, then, the strategy is working. But you’re paying more. When the president took office, the price of gasoline here in Nassau County was about $1.86 a gallon. Now, it’s $4.00 a gallon.
Obama: Well, think about what the governor — think about what the governor just said. He said when I took office, the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse, because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Governor Romney’s now promoting. So, it’s conceivable that Governor Romney could bring down gas prices because with his policies, we might be back in that same mess.
So it was Bush’s bad policies that drove the economy down, and with it the gas prices.
Let’s ignore the obvious, and not even point out that if what Obama said were true, gas would be damned near free by now, if not for the taxes.
Let’s examine the policies, and their impact on gas prices: