I received an email earlier today from the local GOP office. I always peruse through them since they often have great ideas on how to counter misinformation and get conservative ideas out. This email, however, had a huge chart with numbers. It was titled “After Over Three Years of Obama… Here’s Your Change!” The numbers were quite enlightening, AND backed up by credible sources, which I checked and updated myself. In a nut shell, here’s what it said, and the time frame is January, 2009 when Obama took office, until now:
Oil/Gas: The average retail price per gallon of gas in the U.S. was $1.83, and today it’s $3.74. That means there was more than a 105% increase in the price. Source: U.S. Energy Information Administration and AAA. Crude oil has risen even more dramatically. The West Texas Intermediate crude oil was selling for $38.74/barrel. It is now at $92.12 – a 136% increase. Source: Wall Street Journal. Crude oil is used for everything from gasoline, home heating oil, jet fuel, asphalt, tar, and plastics, among other things. So if you have to transport it, pack/bag it or fix the roads it’s on, the price is going up.