The reason for falling oil prices explained (maye)

bgum wrote:
Some people never let the facts stand in the way. Here are the facts:

Consider that the average price of a regular gallon of gas at U.S. pumps was $1.85 when Bush was sworn in for his second term in January 2005 and $1.84 when Obama took office in January 2009 on the promise of change, according to the U.S. Energy Information Administration.

Adjusting for inflation, prices rose to $2.52 (Bush) and $2.53 (Obama) seven months into their terms, $2.76 and $2.71, respectively, nearly two years in and $3.27 each three years in.

The highest national average price in history was $4.11 on July 7th, 2008 when Bush was president.

With that said, the president has no control over gas prices.