Newt Gingrich Blames Price of Gas on 'Obama's Policies'

In his victory speech Tuesday night, in addition to lying about what Obama said about gas prices, Newt peddled the Palinesque fantasy that "drill, baby drill" is the answer to all our energy problems and also added (starts around 2:15):

GINGRICH: The price of gasoline when I was Speaker [ed. and Bill Clinton was President] was $1.13. The price of gasoline when Barack Obama became president was $1.89. All of this gigantic increase came from his policies.

Really? Well, from 2001-2009, when we had President Arbusto and Vice President Halliburton in the White House, the price of gas nearly tripled — reaching a high of $4.28 per gallon in May 2008 before crashing with the global economy.

And with the Obama recovery, the price has rebounded, but still isn't as high as it was under the Republican oilmen.

So which of Bush/Cheney's "policies" caused the price of gas to go up so much under their watch? And since Republicans controlled all levers of government for four years, why didn't they enact this brilliant "drill everywhere" plan to lower it?

I blame Greenpeace, the Sierra Club and PETA.

Also, the Chevy Volt.