Under Obama, Price of Gas Has Jumped 83 Percent, Ground Beef 24 Percent, Bacon 22 Percent?
So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics.
During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent.
When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon, an increase of 26 percent.
By May 2011, gas prices hit a high under the Obama administration at $3.93, about four percentage points away from the July 2008 high.
The U.S. city average retail price for one pound of 100 percent ground beef was $2.36 in January 2009. As of December 2011, that price had risen to $2.92—a 23.7 percent increase and a new peak. (Ground beef prices have risen every month since November 2009 – 26 months of price increases.)
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Top Opinion
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Wolfman January 24, 2012 08:30:04
IT'S SO TRAGIC WHEN THINGS TURN OUT AGAINST THE PEOPLE WHO HAVE NO JOBS AND NO INCOME. TO COMPARE THE LIFE WE HAD FROM 2000 TO 2008 TO THE LIFE IN THE LAST 4 YEARS: NO JOBS, NO INCOME, HIGHER TAXES AND LESS FREEDOM.
REBEL, DO YOU REMEMBER SOME INCIDENTS OF SOME KIDS' LEMONADE-STANDS HAD TO CLOSE DOWN BY THE POLICE? REASON: THOSE KIDS DIDN'T HAVE PERMITS TO OPEN THEIR LEMONADE-STANDS. PERMIT MEANT YOU HAVE TO BUY IT, IT'S CALLED A PERMIT FEE. THE END RESULT: GOODBYE SODA STAND!
THE POOR;
THE FAMILIES WITH LOTS OF KIDS;
THE LOW INCOME;
THESE PEOPLE EAT GROUND BEEF FOR THE NEEDED PROTEIN, THINKING IT'S THE CHEAPEST MEAT PRODUCT, IT'S WHAT THEY CAN AFFORD.