Home  »  Economy  »  Price of Gas Up 96% in Obama’s First Term


Feb 12, 2013 Comments Off Toro520

Via CNS News:

(CNSNews.com) – The average price of a gallon of gas has increased 96 percent since President Barack Obama first took office in 2009, according to figures from the Energy Information Agency (EIA).

According to EIA data, the average price of a gallon of regular unleaded gasoline in the United States was $1.838 on Jan. 19, 2009–the day before Obama took office. As of Monday, Feb. 11, 2013, the per-gallon price had risen to an average of $3.611–an increase of 96 percent.

The $3.677 is not the highest gas prices have been under President Obama. That record was reached the week of May 9, 2011 when they averaged $3.965 per gallon.

Gas prices took a sharp dive during the recession but have climbed back to near their pre-recession peak under Obama, despite the President’s push for greater fuel-efficient cars and trucks and pursuit of expanded clean energy. (The recession officially occurred from December 2007 to June 2009.)

Gas prices have never been this high in early February in American history, according to EIA, even in 2008 when gas prices reached all-time highs.