This is an interesting article from the NY times about peoples perceptions on how presidents can control the price of gas. The article states that the price of gas is not set by people but by the price of oil and what suppliers do. Therefore presidents cannot set prices because the price of gasoline is dependent on supply and demand and unless you suspend the theory of supply and demand like the article states, presidents cannot set gas prices. The U.S. is more of a consumer than a producer of oil and even though oil production has increased the U.S. still does not hold enough of the market to have any effect on global prices. The article states that gas prices cannot be set but we can do things to help out oil prices such as using it more efficiently.
http://www.nytimes.com/2012/04/01/business/gas-prices-are-out-of-any-presidents-control.html?_r=1&ref=unitedstateseconomy
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