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He has been nothing but bad. >> 1.84, $1.84 whether president obama was inaugurated in january of 2009. >> when the righties say gas prices have almost doubled under president obama, they are not telling the whole story. president obama took office during a dip in gas prices, in may, 2008 under president george bush. gas prices were about $4 a gallon. republicans don't want to compare current gas prices to that. now it's true gas prices could be a problem for the economy. the energy information administration estimates a $20 increase in a barrel of oil causes the gross domestic product to defi...

>> 1.84, $1.84 whether president obama was inaugurated in january of 2009. >> when the righties say gas prices have almost doubled under president obama, they are not telling the whole story. president obama took office during a dip in gas prices, in may, 2008 under president george bush. gas prices were about $4 a gallon. republicans don't want to compare current gas prices to that. now it's true gas prices could be a problem for the economy. the energy information administration estimates a $20 increase in a barrel of oil causes the gross domestic product to define .4 points. the obama admin...

Tonight, we want to focus directly on the president's failure in leadership on energy. for example, while he took office, the price of gas in the country was $1.84 a gallo gallon. here we are three years refusing to tap in domestic energy resources and failed policies in the middle east, gas has skyrocketed to more than $3.56. joining me now the author of the "courage and consequence" architect karl rove. the president did say he wanted a gradual increase in gas prices and said we don't need to drill if we inflate the tires and get more tuneups. that was his advice. >> since when did he have h...

Tonight, we want to focus directly on the president's failure in leadership on energy. for example, while he took office, the price of gas in the country was $1.84 a gallo gallon. here we are three years refusing to tap in domestic energy resources and failed policies in the middle east, gas has skyrocketed to more than $3.56. joining me now the author of the "courage and consequence" architect karl rove. the president did say he wanted a gradual increase in gas prices and said we don't need to drill if we inflate the tires and get more tuneups. that was his advice. >> since when did he have h...

Gasoline hit $5 a gallon. i think we're very close to that already. as a national average for premium, that also is on the horizon but, you know, the story right now is the spike. people are going to wake up this morning, drive out and see the price has gone up significantly over the weekend. we're in the middle of a spike. that's the immediate news story. it's happening right now. very important. >> very quickly, i know we have to go but difference between $1.84 a gallon and $3.56 which it is today in spending power to u.s. consumers, a quarter of a trillion dollars a year. >> oh, my goodness...