uncle johnny out of north carolina writes the following, when gas hit $4 a gallon when george bush was president how soon and how far did prices drop after he announced the expansion of oil exploration and drilling. how long did it take? reporter: it took about 86 days they fell over 57% and it got down to $2.20 a gol. it wasn t all about the exploration, that was a big part of it. we also went through the economic slow down and that brought prices down. i ll tell you another thing, bill, if we can step back from the brink with iran, if we can lower those tensions a little bit i think we could see another dramatic drop down in gasoline prices again. bill: let me show viewers what bush did and the obama administration did. in read you see the obama administration stopped it with the sepgs of the gul exception
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Detailed text transcripts for TV channel - FOXNEWS - 20130919:07:03:00
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