Follow Up: The Price of Gas

It has been far too long since I made the original post, but better late than never.

Earlier, I noted that Gasoline prices weren't that much different between Bush's inauguration and the days leading up to President Obama's official day. Turns out, that analysis has held true. According to the Energy Information Administration, a better source than facebook flair (which did get it right, however), the national average price for regular gasoline was $1.46 on January 22, 2001. At the change over, January 19, 2009, the national average was $1.83. This is a difference of 37 cents per gallon or 3.1%. So although it was a wild ride in the interim, the overall change was within normal inflationary rates.

Once again, Presidents really don't impact the economy and Congress controls the purse strings.