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Can the President Control Gas Prices?


By: Dave Roos
 | 
Updated: May 12, 2021


A sign announces the day s gas prices at a station in Annapolis, Maryland, on May 12, 2021. Fears that the shutdown of the Colonial Pipeline because of a cyberattack would cause a gasoline shortage led to some panic buying.
JIM WATSON/AFP via Getty Images
Critics of any president are quick to blame the commander in chief for things that are totally beyond his or her control. (Of course, presidents and their supporters are equally quick to take credit for things that are beyond their control.) The price of gasoline is a perfect example. Donald Trump and his fellow Republicans took credit for low gasoline prices in 2019 [source: Rainey]. And when George W. Bush was in office, Democrats blamed him for allowing gas prices to rise from $1.45 a gallon on his inauguration day to $4.05 a gallon by June 2008 [source: Thaler]. ....

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