Is obama going to change gas prices?

Answer 1

We don't know yet for sure but his energy advisor, Steven Chu, has said numerous times that gas prices should be increased to help "curb global warming".

In the summer of 2008, Chu stated that we needed to raise the tax on gas to get it to be the price of gas in Europe to make people drive less. The price of gas was $8 a gallon in Europe at the time.

Whether Obama would attempt such a strategy is unknown. Obama has never said he wanted gas prices to be lower, even dismissing eliminating the gas tax during times of high priced gas.

Obama most likely will increase gas prices, but not to the extent Chu advises.

be looking for the $5.00 gallon gas this summer, the change occurring in May.

Answer 2

No, he is not. Gas prices often fluctuate, and there are many reasons. Some are global supply and demand; problems caused by weather (hurricanes, blizzards) that affect delivery of petroleum products; economic problems in other countries that affect the price on the world market; and speculators who try to artificially boost prices so they can make money in the Stock Market. It is common whenever prices go up for the political party that is out of power to blame the president. But presidents are not always responsible for gas prices-- while in some cases, their policies may indeed affect prices, at other times (like the current situation) conditions all over the world are the main factor, and the fluctuations are out of the president's hands.

Answer 3

No. It is not up to the president to lower gas prices. Gas prices are the result of global factors, including world-wide supply and demand, natural disasters that caused refineries to close, as well as speculation by people who are trying to force prices up so that they can make more money on gas and oil-related stocks. A president's policies may have some effect on gas prices, but it is not the case that one person can control those prices. That said, when President Bush was in office and gas prices were high, people wanted to blame him for it; now that Mr. Obama is in office, we see the same tendency. Meanwhile, if you look at statistics from the past several decades, you will see that gas prices continue to fluctuate-- they rise and fall, and a variety of factors influence how high or how low the prices are.