Posted on 10/18/2012 8:42:50 AM PDT by SoFloFreeper
When you pull up to that gas pump and nearly faint from how much it costs you to fill 'er up, you may be tempted blame the government for not doing enough to keep a lid on prices.
Resist the temptation. The truth is the global nature of the world's energy supply means that no president has much power over what you pay at the pump...
That was the opinion of a group of economists polled by the University of Chicago Booth School of Business earlier this year. Asked if changes in U.S. gasoline prices over the past 10 years have predominantly been due to market factors rather than U.S. federal economic or energy policies, not a single respondent disagreed.
(Excerpt) Read more at m.cnbc.com ...
I am guessing that is a function of having a choice over who you purchase from, versus buying from the owner of the tank. But I am only guessing; it can make a significant difference where you live and the choices available.
My dealer said it is because I own my tank, all the dealers sell it cheap if you have your own tank.
On the other hand, since the price of gas has been CONSTANTLY ABOVE $3.00 per gallon for the last 21 months, and has been close to or above $4.00 per gallon for significant periods during that time, it is still comparatively accurate to say that the conditions during MOST of Bush's time in office led to low gas prices.
Comparatively would mean lower. That is not the same as low.
I’m done beating this horse; it is past due for the glue factory.
Cheers and God Bless
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