Wednesday, April 11, 2012
Gas Prices Grow More Under Obama than Carter
In fact, while just barely, Obama has seen an even higher gas price increase than Carter dealt with under his administration.
Under the Carter administration, gas prices increased by 103.77 percent. Gas prices since Obama took office have risen by 103.79 percent. No other presidents in recent years have struggled as much with soaring oil prices. Under the Reagan administration, gas prices actually dropped 66 percent. When Bill Clinton was president, gas prices grew by roughly 30 percent, and under both Bush presidencies, gas prices rose by 20 percent. [See pictures of Obama's re-election campaign.]
The National Republican Congressional Committee called attention to Obama’s recent “dishonorable distinction,” blaming the Democrats’ rejection of the Keystone XL pipeline as a major factor for skyrocketing gas prices.