The price of gas in Jan-05, the start of W’s second term was about $1.85. The week prior to the Lehman collapse in Sep-08 it was 3.80. That was followed by 4Q08 GDP of -8.9% and Jan-09 payroll declines of 818,000. I have to believe those circumstances were a key component to the gas price levels seen in Jan-09. Also, if $1.80 gas is so great, why was Newt only willing to commit to $2.50?
Gas prices are driven by world wide demand and supply and to some extent speculation.
Any politician actually predicting a price is sharing a hope and a prayer. There are some things that they can do to help drive the price down, but to guarantee a price, or even that the price will go down, no.
Gas prices are driven by world wide demand and supply and to some extent speculation.
Any politician actually predicting a price is sharing a hope and a prayer. There are some things that they can do to help drive the price down, but to guarantee a price, or even that the price will go down, no.