On the recordMarch 31, 2008
this morning the price of a barrel of oil fell to $105 after hitting an all-time high of nearly $112 in the middle of March. Less than 2 years ago, the Democrats promised Americans that they had a magic plan for lowering gas prices, but since they have been in control of Congress, prices have simply gone higher and higher. But at the time, those prices were enough to alarm Americans when Republicans were in the majority. On the floor of the House and on the campaign trail in districts throughout the Nation, the Democrats seized on those anxieties and pointedly blamed the Republican White House and Congress for rising gas prices. Time and time again, they said they had a magic formula for lowering the cost. On April 16, 2006, the then-minority leader Nancy Pelosi said in a press release, "The Republican rubber stamp Congress has passed two energy bills, costing taxpayers $12 billion for giveaways to big oil companies. But the Republican bills clearly have done nothing to lower gas prices, as the price of a barrel of oil has settled above $70 a barrel, the highest price in our history." The release went on to say, "Democrats have a plan to lower gas prices." Then the next week another Pelosi release said, "Democrats have a commonsense plan to help bring down skyrocketing gas prices . . . "
Source
govinfo.gov




