Fox News On Why Presidents Can’t Control Gas Prices
Following GOP strategy, Fox News is again blaming the Obama Administration for rising gas prices — a claim that has been repeatedly debunked by energy analysts. But back in the summer of 2008 when the average U.S. gasoline price hit a record high of $4.11, Fox said that “no President has the power to increase or to lower gas prices” and the only way to reduce our vulnerability to gas price spikes is to use less oil.
Yes, they’re partisan shills (both Fox and Media Matters) but they make a good point. If you find Media Matters screeching about how Bush should have done something to reduce oil prices in 2008, I’m happy to post that, too.
While on the topic, a quick round up of reaction to Obama’s answer to questions from reporters yesterday on gas prices…
Andrew Sullivan asks, should we want higher gas prices?
Ezra Klein finds gas prices hurt red states more than blue states.
Jim Hamilton is relatively unconcerned about oil prices:
There is a good deal of statistical evidence that an oil price increase that does no more than reverse an earlier decline has a much more limited effect on the economy than if the price of oil surges to a new all-time high.
Here are 9 mobile apps to help you find cheap gas prices.
Clusterstock, What Most Economists Get Wrong About The Rise In Gas Prices.
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