I recently saw a pin that read, "When Bush took office, gas was $1.46 /gallon"
If I am reading it correct, Bush's policies are responsible for raising the price of a gallon of gas from $1.46 to almost $4 in seven years. Now, I can comfortably say that I do not know all the ins and outs of the commodities market and the exact process for determining the price for a gallon of gas, but a look at comparable numbers for the price of a barrel of oil makes this argument absurd.
Gallon of Gas -
2001 - $1.46
2008 - ~$4.00
~ = 174% increase
Barrel of Oil -
2001 - $26
2008 - $135
~ = 419% increase
I must say that I am not the biggest ra, ra guy when it comes to our president, but this kind of stupid logic just grates on me as a level headed American. The president does not, and cannot have any direct impact on what price the gas companies can buy oil for and what price consumers pay for gasoline.
Grow up, people, and start living in the real world !
2008-06-03
Stupid logic
Posted by
Stace Riley
at
6/03/2008 03:46:00 PM
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