Gasoline prices rose during 2008, mostly in response to world-wide demand driven by the growing economies of the time. In June 2008, average prices at the pump hit $4 per gallon for the first time. Candidate Obama wasted no time blaming gas prices on President Bush:
The Presidential campaign’s focus turned sharply to the economy Monday, an inopportune time for Republican John McCain as Americans cope with record-high gasoline prices and a spike in job losses.
That “spike” took the unemployment rate to 5.5 percent, a level not even dreamed of during the Age of Obama. But Obama attacked the Bush administration on the issue of gas prices:
Obama took part of his speech from headlines across the nation, noting that the average price of gas just hit $4 a gallon for the first time. ….
“At a time when we’re fighting two wars [Ed.: Obama took care of that, we're fighting three now.], when millions of Americans can’t afford their medical bills or their tuition bills, when we’re paying more than $4 a gallon for gas, the man who rails against government spending wants to spend $1.2 billion on a tax break for Exxon Mobil,” Obama said. “That isn’t just irresponsible. It’s outrageous.”
With the Democrats in the driver’s seat, things have sure changed. $4 a gallon gasoline? Stunning! But just wait: Obama’s anti-energy policies may bring us $5 a gallon gasoline by Memorial Day.
Oh, and about that 5.5% unemployment rate? The Obama administration considers anything below 9% a victory.
One thing about actually being President, as opposed to running for the office: you have to adjust your standards considerably.