Letter: Global supply drives up gas prices

Published:

 

Regarding Edward Gillis' attempt to blame gas prices on President Obama, he states in his Nov. 25 letter, "Price rising with increasing speed," that gas prices were at $1.79 when Obama took office. That's a true statement as far as it goes. Gillis cherry-picked his "fact" to support his argument.

The summer of President George W. Bush's last year in office gas prices topped out above $4 a gallon. It was only when the economy tanked in the fall that gas prices fell below $1.80 a gallon in the wake of worldwide panic. After the economy bottomed out, jobs disappeared, and housing prices dropped (thank you Dubya?), gas prices returned to the $3 to $4 level where we have seen them rise and fall based on market conditions.

Presidents don't control gas prices. Bush didn't and neither can Obama.

Arden Hagen

Vancouver