Rising Gas Prices and President Obama's Re-Election

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Newt Gingrich addresses the 2012 Conservative Political Action Conference in Washington, DC.
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With high unemployment numbers, a slowly recovering economy, protest movements like Occupy and the Tea Party, the economy has been a hot topic for this election cycle. And for some politicians, the most important economic indicator is the price at the gas pump: last week Republican presidential hopeful Newt Gingrich released a 30-minute ad that faults the Obama administration for rising gas prices.

Stephen Reader is a blogger for It’s a Free Country, and examines whether these prices are actually the president's fault, as well as what they have meant for past presidents.