The average price of a gallon of gas has increased 96 percent under our current president. According to the Energy Information Agency, the average price of a gallon of regular unleaded in the United States was $1.838 on Jan. 19, 2009 — the day before Barack Obama took office.

AAA officials attribute the dramatic spike to regional refinery issues, a move toward summer-blend gasoline, and “more expensive crude oil.”

But recently discovered domestic shale oil and gas reserves are enough to last a century.

 

Why aren’t oil prices tumbling?

Nor do American consumers pay higher gasoline prices just when they fill up at the pump. Higher fuel prices drive up transportation costs that have to be added to everything we buy — especially food.