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Mar 1, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: Have gas prices doubled under Obama?

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
Have gas prices doubled under Obama?
Mar 1st 2012, 15:45

Dave Weigel examines the claim that gas prices doubled under Obama:

This is a true statement: At the end of 2008, gas prices were half of what they are now. The twist is that the end of 2008 was also the apocalypse. The day that Obama was sworn in, the Dow plunged to 7,949. It's now above 13,000 again. The month that Obama was sworn in, the economy shed around 600,000 jobs—the third consecutive month with a loss that size.
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