This Week’s Featured Post — 2 Charts Showing Why 10 Charts On Gas Prices Are 8 Charts Too Many.
If we could harness it to good purpose, there’s enough gas in analysts of gasoline prices to run the world for a thousand years. Particularly gassy are the GOP presidential contestants who assert the Obama administration “wants higher gasoline prices.” This is obviously false because if that’s true, then, as you’ll see in the charts below, the Bush administration must have wanted higher gasoline prices as well . . .
As we all know, gasoline prices chart oil prices, and oil prices are determined in an international market. Many factors, economic and political, influence these prices. A few important components are set out below. In the end, though, one can’t “blame” either Bush II or Obama for all the events that shaped the oil and gasoline price chart since 2001.
and here (for chart no. 2).
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Note: clicking the images themselves will help increase clarity,
but won’t enlarge them.
