As gas prices around the country soar, up to $3.888 in some places and rising daily, experts project that it is going to get much worse on the pocketbook before it gets better.
When Barack Obama took office, according to PolitiFact which obtained the figures from historical data collected by the Energy Information Administration, the statistical arm of the U.S. Energy Department, provides three different measurements from January 2009, gas prices ranged from $1.79 per gallon to $1.83 per gallon.
Here are the average prices in several categories that week, rounded to the nearest cent:
• Conventional retail gasoline, regular unleaded, national average: $1.83 per gallon
• Reformulated retail gasoline, regular unleaded, national average: $1.88 per gallon
• Gasoline retail prices, regular unleaded, national city average: $1.79
The chart below is a screen shot from GasBuddy.com covers the average retail price over the last 36 months, giving an eye opening visual to match the data.
All this and Barack Obama is threatening to veto House Republican legislation that would reauthorize surface-transportation programs in part because the bill contains energy-related provisions including one to approve the Keystone XL pipeline. Keystone would create 20,000 construction and manufacturing jobs, increase US gross domestic product by an estimated $350 billion, and bring 830,000 barrels of oil per day via pipeline from friend and neighbor Canada to Texas refineries. (Source- CFact.org)
(Gas widget at the top can be obtained by Zfacts.com)