Last-day housekeeping: Let’s update the old misguided and inaccurate barometer to measure presidential performance that surfaced often since the dawn of NewsCut 9 years ago.
Gasoline prices were a big AM-radio talker when gasoline prices hit $4 a gallon, declaring that energy policies dictated gasoline prices. It was a big push from the conservative Heritage Foundation, you may recall. As I wrote in January 2011, the assertion failed to look at the worldwide economy effect on energy prices. Gasoline was at a low eight years ago because the economy was in the tank.
But let’s update the chart I used at the time, while noting that it proves absolutely nothing.
|President||Price at beginning of term||Price at end of term||Difference|
|Clinton – 1st term||$1.05||$1.23||+17%|
|Clinton – 2nd term||$1.23||$1.45||+18%|
|Bush – 1st term||$1.45||$1.83||+26%|
|Bush – 2nd term||$1.83||$2.70||+48%|
|Obama – 1st term*||$2.70||$3.03||+12%|
|Obama – 2nd term||$3.03||$2.36||-22%|