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Wednesday, March 29, 2017

Gas Prices

Photo: Gage Skidmore via Flickr
Photo: Gage Skidmore via Flickr

“I’ve developed a program for American energy so no future president will ever bow to a Saudi king again and so every American can look forward to $2.50-a-gallon gasoline.”—Newt Gingrich, February 22, 2012.

By Gingrich’s standards, President Obama has been stunningly successful: The national average gas price is now $2.32 per gallon, marking the lowest level since May 2009. Of course, gas prices have tumbled due to a wide range of factors, few of which involve Obama — but none of which involved bowing to a Saudi king.

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