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When Obama was president elect did the prices for gas go up or down?
Wiki User
∙ 9y ago
In June-July 2008, under President Bush, gas prices reached a high of $4.11 a gallon. By the time Barack Obama was elected in November, the prices had already begun to decline, such that a gallon of gas was $1.84 not long after Mr. Obama's inauguration. But this did not last. The cost of gas soon went up, and remained high for a while. However, as often happens, prices then began to decrease: depending on world supply and demand, they continued to fluctuate throughout the next several years. The same situation occurred under both Presidents Bush and Clinton, with prices trending drastically up, then coming down gradually.
Wiki User
∙ 9y ago
When Barack Obama was elected president in 2008, gas prices actually decreased. This drop in gas prices can be attributed to a global economic recession at the time, which resulted in lower demand for oil and hence lower prices.
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Is President Obama emo?
No, he has a very calm and down to earth demeanor.
Is the president going to change the gas prices?
Since when did the president control the gas prices? The President can't control the gas prices. The only way the gas prices will go down is when gas companies can buy the gas for less.
Did gas prices go down since obama is office?
Officially, Mr. Obama will not become president until January 2009. Please see the link below for an interesting article that links decrease in gasoline demand in combination of the decrease in the global economy as the reasons for the decline in gas prices. http://www.iht.com/articles/2008/10/30/business/30gasoline.php
Why is there a black president before a woman president?
Because Barack Obama beat Hillary Clinton down and in the primaries for the democratic nomination for president.
What president would win Colombias president or USA's president?
President Obama is in great physical shape, and could easily take down President Santos in a fist fight.
When does George Bush move out of the White House?
January 20th 2009 As of January 20th 2009, Barack Hussein Obama will take his oath of office as President of the United Sataes of America, as soon as this is complete President Bush will step down as US President. Both families will meet prior to the inauguration ceremonies- the president elect and Bush will attend the ceremonies while Bush's belongings will be packed and moved out of the White House that morning. When Obama and his family return to the White House after the partying, the Obamas' belongings will be moved in and unpacked.
Have taxes gone up since Obama has become president for the majority of Americans?
No, they have actually gone down.
What important event happend when president Obama was president?
Using info gleaned by several years of seeking, he gave the order to take down Bin Laden.
How many votes did Barack Obama and Mitt Romney each have?
The number of voters was down slightly from 2008, but these are the totals: President Obama won re-election with 65,899,660 votes (51%) to Mitt Romney's 60,932,152 (47.2%). President Obama also received 332 electoral votes, to Romney's 206.
Who will be the president of this year Obama or mitt?
Romney is leading in some polls, while Obama is leading in others. While we can't predict, it looks like things will go down to the wire.
How many time has President Obama misled Americans and the leaders of other countries?
Countless times. To be fair, most presidents stretch the truth, but Obama has lying down to an art form.
How long did gas stay down after Obama won president in 2009?
Unfortunately, gas prices have been fluctuating for the past ten years. For example, in early 2008, under President Bush, prices at the pump soared to $4 a gallon, causing much criticism. Mr. Obama endured the same problems. By the time he took office in early 2009, gas prices had fallen dramatically to around $2 a gallon. But they didn't stay there. They continued to rise and fall throughout 2009-2010, reaching a high (again) of $4 a gallon in the summer of 2011, and causing the same criticism President Bush had gotten. As most economists have noted, whoever the president, gas prices are tied to the world economy, to supply and demand, and to the amount of production in other countries. I enclose a link from the U.S. Energy Information Administration which shows the fluctuations in prices over the past two decades.
