Economic Graph of the Day

From the Heritage Foundation, a comparison of gas prices during the first 26 months of the Bush Administration and an equal period of the Obama Administration:

As Americans continue to feel the effects of President Obama’s anti-oil agenda at the pump, defensive liberals are circling back to a familiar line of counter-attack: blame Bush. The media vacuum on gas prices has made this line of attack all the more promising with very little national coverage being given to the president’s destructive domestic drilling agenda. Unfortunately it misses an obvious point.

President George W. Bush was mostly attacked for wanting to drill too much (or being “cozy” with the oil industry), while President Obama’s policies are rooted in unilaterally shutting down the domestic oil industry amidst rising prices and a struggling economy.

Gas did hit $4 a gallon during the Bush Administration, but it came back down to more reasonable levels. Given the Obama Administration's opposition to any kind of domestic oil production, there's little reason to think that gas prices will return to Bush-era levels any time soon.

And for the record, last night the Chevron station where I often buy gas had Regular Unleaded for a whopping $3.91.