Simply because this issue comes up so much recently, I am re-posting this article here. Claims that a president has authority over gas prices are ridiculous — deserving ridicule. I invite you to learn more about Peak Oil, and offer another source for great oil/energy news daily – The Oil Drum. Below is an excerpt, click on the link for the full article and more charts. Also, stay tuned for the upcoming Case Study, Politicization of Energy in US Politics.
http://jpinfluence.com/2012/03/19/news-obama-doesnt-set-gas-prices/