You've heard the Republican meme of the moment. Mitt Romney, the GOP front-runner and presumptive Presidential nominee recently told supporters that the price of gas has "doubled under this president."
Newt Gingrich released an ad last month charging: "Since Barack Obama’s inauguration, gas prices have doubled."
Their reliable allies at the fossil-fuel industry-funded astroturf trade group American Energy Alliance have a similar ad, declaring: "Since Obama became president, gas prices have nearly doubled." And, of course, reliable wingnut stooges like Katie Pavlich at the rightwing "news" site Townhall are all too happy to help spread the propaganda on all of their behalves with articles like the one she filed yesterday headlined "Gas Prices Officially Doubled Under Obama."
Of course, it's not actually all that true. Surprised? More accurately, it's an outright lie, since the folks who are pushing it know damned well how intentionally misleading it is. Worse, we've yet to see anyone in the corporate media bothering to correct it.
FACTS: According to the American Automobile Association (AAA), the average price for a regular gallon of gas today across the U.S. is $3.92.
The week that Obama took office in January of 2009, according to the U.S. Energy Information Administration it was $1.83/gallon. But that was just after the price of oil had come crashing down on the global market thanks to the crash of the global economy which led to the Great Recession --- all under the leadership of George W. Bush.
Just months before President Obama took office, and before the crash, in July of 2008, during the Administration of failed former oil man George W. Bush, gas prices had hit their all-time record average high in the U.S. at $4.11/gallon.
Here's what the average price of gas actually looks like in the U.S. from April of 2004 through today, according to GasBuddy.com's data and our own clarity placed over the top [click to enlarge]...
So, yes, strictly speaking the price of a gallon of gas has roughly doubled since Obama took office. That, of course, is barely even half of the story, as you can see above...