Gas Prices When Bush Left Office

When president bush first took office in january 2001 national gasoline prices were averaging 1 51 per gallon. Gasoline prices pretty much bumped around in that sub 2 00 range until march 2005. Six and a half years later on august 27 2007 the national average gas price had jumped to 2 76 roughly 89 higher.

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Compounded annually this represents about a 10 jump each year bush has been in office.

Gas prices when bush left office. When bush entered office in january 2001 the price was 1 47 per gallon. During the first twenty six months of president bush s first term in office the price of gasoline increased by 7. Gas prices rose 30 7 percent during former president george w.

At the end of his second term the price had decreased by 9 from the time he. Bush s eight years in office. When president bush took office on january 20 2001 the national average gas price was 1 46 per gallon.

Since former president barack obama took office gas prices are up 26 7 percent. Oil prices had collapsed in 2008 in response to the financial crisis and gasoline prices followed. However this spike only lasted for a couple months before plunging back below 2 gal before the end of the year as the 2008 recession hit.

Pumps was 1 85 when bush was sworn in for his second term in january 2005 and 1 84 when obama took office in january 2009 on. It peaked in bush s first term at 2 02 in october 2004 under president obama prices have not fallen below 2 05 per gallon since april 2009 and the highest average price so far was 3 93 in may 2011. Gas prices 9 of 10 during obama s tenure the national average for a gallon of regular gas has been as high as almost 4 in 2011 and as low as 1 85 a gallon the month he took office.

Consider that the average price of a regular gallon of gas at u s. President bush was still in office in january of 2008 and 2009. It s true that gas prices did spike higher under bush than under obama as it briefly reached 4 11 not the 5 as shown in the meme in july of 2008 compared with a high of 3 97 for obama in may 2011.