OC Political

A right-of-center blog covering local, statewide, and national politics

Posts Tagged ‘Gas’

Gas prices doubled during Obama Presidency

Posted by Thomas Gordon on February 15, 2012

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Barack Obama has hit the campaign trail telling Americans that the $40 social security payroll contribution suspension per paycheck will help the average family and boost the economy, yet that money won’t even begin to cover the surge in gas prices hitting a pump near you and will have to be nearly doubled if summer predictions of $5 gasoline come true.

Americans pay an average of $1,010 more a year for gas than they did on President Barack Obama’s Inauguration Day back in January 2009. The suspension in social security payroll contributions, which Americans already receive, is a maximum of $1,000. That means the suspension which Congress has agreed to extend, falls $10 short of paying the average American families gas bill even before they hit the grocery store.

Here’s the break down. When Barack Obama came into office, gas averaged about $1.84. Americans drive an average of 13,476 miles a year. And the current average American mpg is 22.4 gallons. That means drivers buy an average of 601 gallons of gas a year. Today, a gallon of regular averages $3.52, a three year difference of $1.68, meaning Americans are paying $1,010 more a year than in January 2009.

The average working family simply can’t afford four more years of Barack Obama.

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