The Price of Gas

According to a piece of facebook flair (bad source, I know), the price of gas when President Bush took office was $1.46 a gallon. Gas is now 1.85 in Ypsilanti, Mi. While not back to the original level, a 39 cent increase over eight years is not too bad, approximately 3.3% per year - right near the average inflationary rate.

To me it's more proof that Presidents really don't have that much control over the economy. Remember that the Founding Fathers put the power of the Purse in the hands of the legislature, not the executive. (and even they have limited influence)

We will see if the prices stay depressed coming into January 20.