Sunday, May 08, 2011

Is Obama "lowering" the summer gas prices?

Many have been blaming President Obama for the rise in gas prices.  Analysts are predicting that gas prices will be dropping over the summer.  Will those blaming Obama for a rise in gas prices praise him for lowering gas prices?  I doubt that they will.  Is Obama responsible for the rise or fall of gas prices?  The President is only one of many actors in events with many causes.

For a more nuanced look at the rise and fall of gas prices, see "Gas prices expected to drop 50 cents by summer", Chris Kahn, Associated Press, 2011-05-08 through Yahoo! Finance.

For comparisons of gas prices, see "The World in Gas Prices: From 10 cents to 10 Dollars a Gallon", The Atlantic, 2011-05-03, via Yahoo! Finance.