I don't think we live in a country that would settle for 8.5% unemployment and $3.00/gallon won't happen. Anything above 7% won't be acceptable. Romney will constantly be able to remind us how much more gas is compared to 2008 and play Obama whining about prices then but basically quoting George W. Bush in 2012. Hmm now what about Obama is different in 2012 than in 2008? Gee I can't figure this out. Why would a president excuse gas prices as an incumbent but whine about them as a new candidate. Can anyone tell me why? Look it's politics and Obama looks like a politician in this mess. There are a number of other points Romney can poke at with Obama. This is not an election where Bush is in office with a 25% approval rating.
I'm pretty sure the record gas price was 6 months BEFORE Obama became president...
Regardless of who the president is, there's almost NO correlation between government action and gas prices. He can't control global oil prices...
Also note how there's a non-GFC related spike in March-April each year?
