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Any U.S. president would have little to do with this, as the OPEC countries operate independently based on their own production incentives, much to the chagrin of Western leaders.
And if you’re the U.S. president when gasoline prices soar above $4 per gallon, you’ve got some explaining to do. But President Biden has not caused the current spike in gas prices, even ...
Even adjusting for inflation, gas prices have been considerably higher under Biden. The average Trump price, in 2024 dollars, was $3.18. The average Biden price was $3.86.
By Charles Riley HONG KONG (CNNMoney) -- A disagreement over gas prices and energy policy produced a heated tit-for-tat argument between Mitt Romney and President Obama at the second presidential ...
[2] Hastings blamed President Obama for the high gas prices, saying that "since President Obama took office, gasoline prices have doubled and our federal energy resources have been put under tight lock-and-key." [7] Hastings also argued that the bill would "create over 1 million new American jobs." [3]
The average price of gas as of Nov. 11 is currently $3.08, according to AAA, down from $3.38 in 2023. De Haan’s belief is that, spikes aside, the average price of gas would decrease to ...
Yes, the economy is continuing to expand nicely, which all Americans should celebrate. But no, there's nothing remarkable in the overall results since Mr. Trump took office. Most importantly, there is little evidence that the president's policies have meaningfully improved the fortunes of those 'forgotten' Americans who elected him. [33]
"At the end of the day, one president in one country in a world with 200-some countries is rather powerless to control the price of a global commodity," GasBuddy's Patrick De Haan said.