The answer is no. Democrat or Republican, it is neither the President’s job nor within his/her capacity to dictate the price of this global good. Autoblog has recently broken down the reasons WHY this is the case in a very informative and succinct piece written by the incomparable Jonathon Ramsey. Head on over and read the piece, if only to use the information to interrupt a rant by someone less informed than you. You can read the short article here.