May 9, 2012 Leave a comment
Gas prices have decreased for the past five weeks, in response to the same sort of global economic factors that cause them to increase. But that answer doesn’t work well for oil company politicians and their spokespeople at Fox News.
Media Matters takes a good look at how Fox News is flip flopping and saying that falling gas prices are bad (hear that American families?), and that global factors do affect gas prices.
Note that Fox is now raising how worldwide economic factors are affecting gas prices, after spending weeks blaming Obama for the price increase since the president’s inauguration. Fox won’t explain that the extremely low price in January 2009 was a short-lived drop caused by the massive economic recession. In fact, last week on Fox News, Varney explicitly said with a straight face that the price increase since the bottom of the recession had “everything to do with” Obama, but the recent drop in gas prices “has nothing to do with” him: