Gas Prices When Bush Left Office

However this spike only lasted for a couple months before plunging back below 2 gal before the end of the year as the 2008 recession hit.

Gas prices when bush left office. When president bush first took office in january 2001 national gasoline prices were averaging 1 51 per gallon. President bush was still in office in january of 2008 and 2009. Gasoline prices pretty much bumped around in that sub 2 00 range until march 2005.

It peaked in bush s first term at 2 02 in october 2004 under president obama prices have not fallen below 2 05 per gallon since april 2009 and the highest average price so far was 3 93 in may 2011. During the first twenty six months of president bush s first term in office the price of gasoline increased by 7. Gas prices 9 of 10 during obama s tenure the national average for a gallon of regular gas has been as high as almost 4 in 2011 and as low as 1 85 a gallon the month he took office.

Bush s eight years in office. Oil prices had collapsed in 2008 in response to the financial crisis and gasoline prices followed. Pumps was 1 85 when bush was sworn in for his second term in january 2005 and 1 84 when obama took office in january 2009 on.

It s true that gas prices did spike higher under bush than under obama as it briefly reached 4 11 not the 5 as shown in the meme in july of 2008 compared with a high of 3 97 for obama in may 2011. Consider that the average price of a regular gallon of gas at u s. Gas prices rose 30 7 percent during former president george w.

Six and a half years later on august 27 2007 the national average gas price had jumped to 2 76 roughly 89 higher. Compounded annually this represents about a 10 jump each year bush has been in office. When bush entered office in january 2001 the price was 1 47 per gallon.