The US Energy Information Administration (EIA) tracks the cost of oil and gas prices in the United States.
There are a number of factors that cause the rise and fall of gas prices. According to the EIA, retail gas prices are determined by four main components:
- The cost of crude oil (56%)
- Refining costs and profits (14%)
- Distribution and marketing costs and profits (16%)
- Taxes (15%)
While presidents have little to do with the fluctuation of gas prices, the following chart looks at how much monthly retail gas prices were during each president’s term since the early 1990s. Note: The EIA began releasing monthly gasoline prices in April 1993. Data is not available prior to this date.
The chart is updated monthly.
Average Gas Price by Presidential Term
- Bill Clinton (D)* – $1.20
- George W. Bush (R) – $2.18
- Barack Obama (D) – $3.03
- Donald Trump (R) – $2.57
Notes: * Data from the US Energy Information Administration only goes back to April 1993 and does not capture the first few weeks of Bill Clinton’s term. ▪️A term average is not available for Joe Biden as he is currently serving his term.
| Month | Price | Change from Previous Month |
|---|---|---|
| March | $3.54 | 6.62% ⬆️ |
| February | $3.32 | 4.07% ⬆️ |
| January | $3.19 | 1.8% ⬇️ |
| Year Average | $3.35 |
| Month | Price | Change from Previous Month |
|---|---|---|
| December | $3.25 | 5.52% ⬇️ |
| November | $3.44 | 8.02% ⬇️ |
| October | $3.74 | 5.31% ⬇️ |
| September | $3.95 | 0% |
| August | $3.95 | 6.46% ⬆️ |
| July | $3.71 | 0.81% ⬆️ |
| June | $3.68 | 0.54% ⬆️ |
| May | $3.66 | 1.34% ⬇️ |
| April | $3.71 | 4.80% ⬆️ |
| March | $3.54 | 1.14% ⬆️ |
| February | $3.50 | 1.62% ⬆️ |
| January | $3.44 | 3.64% ⬆️ |
| Year Average | $3.63 |
Only going back to Clinton, you need to rename the article, Joe. SLOPPY ”journalism”.
Thank you for your feedback, I appreciate it. I am currently working on expanding the data and information in this post. Stay tuned!
I linked to your article on Facebook where many people are blaming Biden for the high price of gas and showed them gas prices have been high under republican presidents as well and it actually has little to do with the president. Turns out it’s a complex issue!
You’re retarded Biden has the highest gas prices, trump has a nearly the lowest, so I guess it is a complex issue.
you mad bc it shows highest gas price ever under a republican president. sad.
It doesn’t show that…
$1.20
BILL CLINTON (D)*
$2.18
GEORGE W. BUSH (R)
$3.03
BARACK OBAMA (D)
$2.57
DONALD TRUMP (R)
And as Trump got his legs two years in, he was DRIVING down gas prices till China spread Covid and Libs attacked Democracy forcing gas back up.
Than, Xiden comes in and stops all energy production in our country.
Now we get to buy from Russia…eh ehm…or the Middel East. $$$$$$
Don’t tell me presidents can’t effect energy prices.
Excuse me… where are you getting those numbers….
1.33 SexCraved Clinton
4.11 WarMonger Bush
3.96 Foreigner Obama
2.99 Patriot Trump
+++++++++++ BRANDON
Trump Nation, the colors do NOT match the actual terms of the Presidents, so the highest spike was under Obama, NOT Bush as this chart would have you believe.
June 2008 was when Geo Bush was still president, and Obama had not been nominated by the DNC to be their candidate. Elections are usually in even numbered years, and inaugurations are in odd number words. If you hover your cursor over the chart, it will show you the dates.
still lower thank BO. and need to take inflation over time as well.
No it doesnt
this didn’t age well lol
Actually the highest gas price was in 2008 of July under Obama. So do a little more research and you’ll see.. it’s not that hard to use the internet
Obama was sworn in on January 20, 2009. You are correct – it is not hard to use the internet. Try a little more ‘research’
Democrats clearly drive-up cost of goods.
While the supply of oil became increasingly abundant in 2015, global demand for oil was decreasing. The economies of the US under Obama, as well as Europe and developing countries were weakening.
The only reason Obama had two final years of a declining gas prices was because he ruined the economy.
The previous six was a stead spike.
Pshhh
Did Obama ruin the wonderful economy that was left by Bush?
If Trump could turn Obama horrible economy around why couldn’t Obama with Bush? Policies matter. Obama policies mirrored socialism. Government driven resulting in stagnation. Trump policies were business friendly resulting in an undeniable booming economy. With Biden 🙄 we’re in for a long very painful ride.
Trump destroyed the economy, sport. He inherited one of the strongest economic recoveries ever from Obama, after Obama righted the ship following the Great GOP Recession of 2008. The deficit dropped. Job creation also went way up. As did everyone’s 401k plans. When Trump left, the deficit had skyrocketed like never before. And unemployment was up. But not anymore since it is under 4 percent now and job growth is unprecedented. And hundreds of thousands died due to Trump’s inept leadership (“Covid’s a hoax!” and (“Only 15 or so people have it!”). Of course there is also his classic (paraphrasing) “The Continental Army had airports” and “Frederick Douglas is still alive”. And violating the law by asking Zelenskyy to get dirt on Clinton in exchange for weaponry. And kowtowing to dictator like Putin and Kim Jun Un (even bowing to the latter!). And of course specifically calling our military “suckers and losers”. Etcetera.
Worse president across the board in the modern era and it is not even close. There were very few metrics that he improved, foreign or domestic. He also wanted to get out of NATO, essentially to Putin’s delight. And a “:-D” does not change all that.
Please we had a recession under Obamas, the facts will clearly show it was the democrats the sold our factory jobs out shipped them to china with the over regulation agenda they push. mass regulation tamper innovation an capital if you wanna see an country die just regulate it. Clinton started it by inviting a communist dictator into WTO china kills it’s own people for profit it is widely know . Obama kicked it even further by spying on the American people while also collecting our data illegally. so Clinton sold our corporates America out to china, Obama comes in an kicks starts government overreach by spying an cheating. Hell biden threated to withhold aid until the prosecutor in Ukraine was kicked to the curb aka fired because he was trying to investigate a certain oil company. Withholding aid is illegal which you would know that because they hit trump for it biden admitted to that . Clinton defiled the white house with cheating on his wife. the only person that thinks trump inherited a booming economy has a few screws loose the only reason we did not collapse under Obama was because we bailed the banks along with the motor companies out that’s fact’s. we had a better economy under trump during the height of the plandimic then we did at the end of covid under biden gas was almost 1.94 when trump lost his election when biden got in you see the clear sling shot caused by regulations biden put in place on day one GO GREEN or go broke which we are. So what? he wanted to exit NATO or the Paris accord why should we keep floating over 90% of the funding into these programs we pay for everyone’s defense on top of paying for all the funding of these bs charters. Plus trump never said he was going to pull out of NATO that is false he state that if it was not restructured he would consider pulling out considering everything I said above which is truth why would we keep floating the bills for NATO on top of all these other money we give these programs when everyone except America dose not even contribute the bare threshold which is a requirement to even be in the charter the truth about Nato Nato dose not serve the purpose it was created to solve we allow mass genocide to occur now it is not just democrats every party mine included. Nato was formed to stop all wars because a mass alliance like this would scare a person which would make them think twice before starting a war. But when only one country contributes while other countries leech an none uphold the charter oath then it is not NATO it is a country club . how many times did you see north Korea test fire missiles in a hostile way not many. The truth is if you think biden has made a great boom your naïve an need to only look at his approval ratings hell over half of democrats do not support him for reelection his approval rating is worse then trumps was when he was running for election again. It is America everyone is intitled to ones own opinion even if it lacks facts an resembles the rear of a donkey. from the years of neglect to our military it is hard to see us as the world power much longer unless this bs stops. I will admit biden had one thing on his agenda i liked which was taxes funded community college which should be for only Americans citizens other then that he tanked our economy why do you think the fed’s raising rates so quick surely not because we are booming it is because we are hemorrhaging money. We are doomed when people can’t come to a compromise the only way we come back from our political divide is a civil war I hate to say it like that but we have not been able to agree on things an come together as a party really it started during Obamas that is 14 years
is there a chart that also adjusts for “traditional inflation”? Excluding the manufactured corporate inflation, coupled with the myriad of actual reasons for our current inflation numbers.
Good question. I’ll do some research and see if I can find any.
More data points would be helpful, maybe going back to Nixon, however the prices would have to be adjusted for inflation to be meaningful for most people to understand.
The fact that comrade biden by a stroke of his pen canceled Trumps energy independence by canceling fracking and the Keystone pipeline should give a clue as to why many of us blame HIM for this gas price spike and of course inflation is totally connected to gas prices. Recently I was speaking with a dem who thinks that “presidents don’t effect gas prices”…..the hell they don’t!! He flat out denied the fact that biden canceled our domestic production and laid blame to the oil companies themselves saying they were refusing to drill when comrade biden supposedly gave them the green light to. Also tried to point to a spike in prices under Trump…pheh. He’s a rube.
Joe, your graft shows obama as president starting 2010, it started Jan 2009… it looks like you are bias
Not sure what you mean? The graph shows Obama’s term starting in January 2009.
Phil, can you prove your point? Simply saying something is true doesn’t make it so. The Trumpers all think the presidents controls things like stock markets, the economy, gas prices, etc. They don’t understand how US and global economics work. They have no real research to prove this. I have a 30 year background in finance and economics. Btw… memes don’t count as research. You can talk to as many dems as you want to but until you have data/facts, you’re just p*ssing in the wind. Blah, Blah, Blah
The president actually can dictate everything with legislation everyone should know that, when you are a green nut an not approving fossil permits you are slowing tasks required before you can actually start drilling for oil you cause a lack of supply that could actually be real. just because they get granted a permit dose not mean they can walk in start drilling they have to scan to find it They are required to submit safety protocols which is reviewed by the federal government even after lease approval this is all being delayed. I am sure you think biden trying to keep banks along with investors from investing in fossil fuels wont cause gas prices to shoot up?. For you to say the president dose not have anything to do with gas prices is false he can not wake up an say you will set the gas prices at 1.99 just like no one can call an tell me I am beautiful. But he dose when you factor in the agenda the president is running off of which is Go green or your undemocratic everything he has done has effected gas prices raising taxes for them admitting carbon, pushing wild Green energy policies, canceling Keystone pipeline, penalizing companies an banks for investing in future fossil development which is not a good idea because even if we are to go green which we should when we have a suitable option with the reliability as fossil; Stopping investments from privet companies/investors or penalizing them so much they dont do it also pulls money that could be used on grid development which our grid would not support total green right now we have no way to store it all. Now he ether did or was looking into making sure not a penny of federal retirement money like 401k or whatever you might think of is used to invest in fossil’s. This president more then any is a prime example that presidents have heavy sway on gas prices that is a fact