Obama and $12 a Gallon Gasoline: Remember This From the Obama Campaign

Gas prices are rising quickly. Some believe by the end of May, gasoline may be as high as $12 a gallon. Why is it $12 a gallon? Could Barack Obama have something to do with it?

Here's Barack on the 2008 campaign trail talking about how his critics were speculating what oil prices could be like under an Obama presidency. As usual, Obama laughs it off, but here we are in March looking at $4 a gallon, and we aren't even to peak driving season yet.



So is Obama responsible? Well, his administration along with the Federal Reserve have devalued the dollar, which inflates prices. As well, Obama hasn't been a friend to drilling for American sources to help increase world production. You figure it out, but if the Federal Reserve continues to deplete the Amazon rain forest to print more money, it's quite possible this 2008 prophecy Obama shrugged off could become truth.

By the way, gas prices in the United Kingdom are $9 a gallon.