by | February 24, 2012 · 4:41 pm

Retail gas prices and political party control

Chrissy’s Site Bites: http://news.webshots.com/photo/2825638460056011884TmhIZd

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In 2005, now-DNC Chairperson Debbie Wasserman-Schultz likened Republicans to bobble head dolls for allowing gas to go up to $3 a gallon.

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Filed under Debbie Wasserman-Schultz, Democrats, Republicans

One response to “Retail gas prices and political party control”

  1. itooktheredpill's avatar itooktheredpill
    February 24, 2012 at 11:06 pm

    July 14, 2008:
    President Bush lifted an executive order banning offshore oil drilling, and urged Congress to follow suit.

    September 16, 2008:
    The U.S. House of Representatives approved on a 236-189 vote legislation that would open waters 50 miles off the Pacific and Atlantic coasts to oil and natural gas development.

    September 27, 2008:
    The U.S. Senate by a 78-12 vote eliminated a 27 year ban on offshore drilling off the Atlantic and Pacific coasts of the United States.

    And what effect did those three things have on gas prices?

    U.S. city average price of unleaded regular gasoline

    July 2008: $4.090 per gallon

    December 2008: $1.689 per gallon

    Source: Bureau of Labor Statistics Data: U.S. city average: Gasoline, unleaded regular, per gallon

    Gas prices dropped more than 50% (almost 60%) in just five months!

    Then what has happened under the Obama administration?

    More restrictions on drilling, and higher prices.

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