Friday, September 18, 2015

Gas Prices

One of the things I judge the government on is gasoline prices.  When Obama took office in January 2009, the average gas price in the US was $1.84 per gallon.  It soon climbed to over $3.00 per gallon and high gasoline prices soon became the new normal.

Imagine my surprise yesterday when I pulled into a filling station and saw the price for unleaded gasoline in my area.

We're back to where we started in January 2009.  Think of the money we've pissed away based on Obama's promises, priorities ad policies.  It's only taken him six years, and I don't credit him with low gas prices.  I believe that the US oil industry figured a work-around and managed to get the prices down to a point where they were six years ago.


Old NFO said...

Must be nice, we're still up around $2.34 dammit...

JoeMama said...

It moved due to the demand side. It is not possible to get a clear read of the economy from official numbers. They are cooked. An unemployment rate of 5.1% today would be above 20% if they used the methods of Jimmi Carter's day.

No job to drive to. Credit cards are maxxed out so no point in driving to the mall. Gas is cheap because the economy is in the ditch.

Termite said...

$40 per barrel oil is not always a good thing. Ask the people who work in the oil patch. Layoffs are up substantially.

There is a "happy median" price for oil where gasoline/diesel is affordable for the average Joe, yet energy companies make a decent profit. It keeps more people working, and spending money in the market place.