OC Political

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

Posts Tagged ‘social security’

Gas prices doubled during Obama Presidency

Posted by Thomas Gordon on February 15, 2012


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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