Are High Gas Prices the President’s Fault?

As someone who works in Washington, DC in an office with a view of the White House, it’s hard to avoid politics. (Every day I watch the Vice President’s motorcade scream down Connecticut Avenue as it travels from the Navel Observatory to the White House and back again.) And during a presidential election year, things really get crazy. And that brings me to the cost of a gallon of gas.

Recently we paid $3.95 per gallon. Boy did that leave a mark. The high cost of gas has not gone unnoticed by certain politicians seeking a certain political office located at a certain address on Pennsylvania Avenue. That’s right, Republican presidential candidates have been blaming the Obama Administration for the high cost of gas. How unoriginal.

Yesterday, Obama took a shot at these knuckleheads:

“Every time prices start to go up, especially in an election year, politicians dust off their three point plans for $2 gas,” Obama said. “I guess this year they decided we’re going to make it $2.50.”

“They head down to the gas station. They make sure a few cameras are following them. And then they start acting like we’ve got a magic wand, and we will give you cheap gas forever — if you just elect us. Every time. Been the same script for 30 years. It’s like a bad re-run,” he said.

He was specifically taking aim at Gingrich, who promised to lower gas to $2.50 a gallon. Such a promise is stupid on so many levels. The fact is, the president can’t control the price of gas, at least not in the short term. Certainly energy policy will affect the price of all forms of energy in the long term.

But for you conservatives out there, I have a bonus quote. Guess who said this four years ago when running for the White House:

Here in Ohio, you’re paying nearly $3.70 a gallon for gas — 2 1/2 times what it cost when President Bush took office.

That’s right, it was then Senator Obama (Source: The Washington Post).

Oops.

I’ve lived in Washington for 20 years, and here’s how it works. When it comes to the economy, the president gets both credit and blame he deserves, and credit and blame he doesn’t deserve. I guess Obama recognized this when he was running for office four years ago. Of course, he also promised to cut our deficit in half. And this just goes to show we shouldn’t believe pie crust promises (easily made, easily broken) any politician makes.

Instead, here are some links to articles that can actually help you save some dough at the pump:

Published or Updated: March 16, 2012
About Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

Comments

  1. Money Beagle says:

    I agree, it’s always the fault of whoever is in office. If a Republican President were in office right now, you can bet the Democrats would be blaming him/her. I hate politics and likely will not be excited about any candidate on the ballot come November.

  2. Rob Berger says:

    I’m not too excited, either. I’m still stunned that our deficit blew up over the last four years, and that nobody seems willing to address medicare and social security. And the “millionaire tax” is nothing but a clever distraction from the real issues.

  3. Squeezer says:

    Drudge Report had an article yesterday of a government study that showed since Obama had taken office, the amount of fossil fuels being mined/extracted from federal government lands has went down.

  4. Philip says:

    I think a promise to try and do something is better than stating your goal is to raise the price of gas, which is what Obama’s Energy Secretary has stated. They want a high gas price. This is fact.

    I think it’s fair for the GOP to go after that. And it’s hypocritical for Obama to act all guffaw-ed about it. It’s worse for the MSM to give him a pass too. NBC actually ran a story the other day telling us why it’s actually good to have high gas prices.

    The GOP are not for high gas prices, and they won’t intentionally try to raise them like the Obama administration. C’mon, Rob. They should be commended. Not equated with the Dems like this.

  5. Any situation that people aren’t happy with – they’re always looking to place blame somewhere. It’s not surprising that they point fingers at Obama.

  6. Jeff Crews says:

    People will always have something to complain about.

  7. Mike D says:

    Unfortunately I think the American people have elected the biggest knucklehead ever, but he does like to put on lots of good party’s, and go on vacations, and play golf. Not that the President shouldn’t be able to do them, but in moderation instead of excessiveness. I’d like to do those things to, but I would have to pay for it out of my own pocket.( Not in this economy ) Obama did say oil production is up since he got in office, even though production on government lands is way down, but I guess he was referring to places like the Dakotas which is private lands. Speaking of knuckleheads what can you say about Biden. I can’t think of many things that have improved in this country since Obama has been president except one ( Death of bin laden) so I guess his records not all bad.

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