Gas prices

obama economy gas prices 0116

Gas prices are notorious for fluctuating wildly. Since President Obama took office, the national average for a gallon of regular gas has been as high as almost $4 in 2011 and as low as $1.85 a gallon the month he took office.

Today prices are $2 a gallon. Many Americans are saving hundreds of dollars a year at the pump. It's money they are spending on eating out more and "mini splurges."

First published January 12, 2016: 5:07 PM ET

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