4/09/2012

An unfair comparison on price changes: "Gas Prices Grow More Under Obama than Carter"

Here is the claim from US News & World Report:
Under the Carter administration, gas prices increased by 103.77 percent. Gas prices since Obama took office have risen by 103.79 percent. No other presidents in recent years have struggled as much with soaring oil prices. Under the Reagan administration, gas prices actually dropped 66 percent. When Bill Clinton was president, gas prices grew by roughly 30 percent, and under both Bush presidencies, gas prices rose by 20 percent. . . .
So what is the problem? Except for the Obama administration, all these numbers are from the beginning to end of these administrations. In Obama's case, it is from the beginning to what is the highest point during the administration. If one would pick the highest points during these other administrations, they would also look much worse.

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