Flashback to 2009: Administration Policies Sought to Discourage ‘Overproduction’ of Oil

By: Steve Maley (Diary)  |  March 18th at 08:30 AM  | 

In May 2009, four months into the Obama presidency, retail gasoline prices averaged $2.32 per gallon. Rep. Charles Boustany (R-LA) wrote Treasury Secretary Tim Geithner to express concern about the impact that the Administration’s budgeted changes in tax policy would have on the oil and gas industry. Secretary Geithner clearly laid out the Administration position in his letter of response (pdf link). That was then, | Read More »

Blast from the Past: ‘Remember $4.00 Gas? Just Wait.’ (Dec ’09)

By: Steve Maley (Diary)  |  April 29th at 12:00 PM  | 

From Vladimir’s diary, dated December 18, 2009: Remember $4.00 per Gallon Gasoline? Just Wait. Well, here we are, less than 18 months later. A little context: Gasoline prices (national average, all grades) peaked over $4.00 per gallon for a couple of months in the summer of 2008. Prices bottomed in December 2008 at $1.66. By December 2009, at the time of the writing of the | Read More »