Some random twitter post is inconsistent and that means what exactly? Are people really this dumb? |
Many people were more than happy to blame Trump for any increase in gas prices, but now that prices are skyrocketing under Biden, they are now screaming that presidents don't have any control over prices. Hell, even the WH was giving the president credit when the price of gas dipped a couple of months ago. So, what is Biden doing now? |
I understand that Biden's press team put out that tweet, but the reality is that no president has control over gas prices. Gas prices are set globally. Even if we produced more, which we are already fairly energy dependent, the price of our gas does not change. Plus, it's an issue of supply and demand. During the pandemic, refineries reduced production. Now, they have to increase production and that takes time. |
|
The reality...the average price of gas today is $4.32.
In 2008, when W was president, the average price of gas, adjusted for inflation, was $5.46. The price of gas includes all sorts of factors, the most important being demand. There is high demand because people are returning to work. That should be seen as a good thing. Period. |
Awful and out of touch talking points. Like comically bad. |
So other than missing the point of domestic gas companies jacking up prices, what is out of touch or factually wrong? |
Like pretzels? That’s quite a twisting of logic you got going on. You even contradict yourself in your little summary of the latest talking points that were used exhaustively on CSPAN this morning. Next time just copy and paste. |
There is zero that is incorrect about the PP's post. Nothing. You on the other hand . . . work on your talking points. |
|
Now he has to get profiteering indictments ready to go for any company that doesn’t reflect this at the pump on next shipment. Notice that prices always go right up at the suggestion of bad news, but take months to come down? No one is going to give away free profits unless they’re forced to. |
|
Probably not. These short term price swings are driven by speculators on the futures market. Russia is causing a huge amount of uncertainty about world oil supplies. Some speculators think this will increase prices, others think it is overblown. We are going to keep seeing ups and downs as events develop. But Biden doesn't control any of it. The only direct thing he can do is releases from the SPR, which doesn't get you much. He has some things he can influence, like trying to get OPEC, Iran, Venezuela to kick up production. He may also be able to take some executive actions to encourage US producers to produce more. But he doesn't run any oil companies and cannot order more production. |
State and federal lawmakers and regulators have allowed this scam to go on for decades. I doubt they’ll stop it now. I’d love to be proven wrong. |