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$4.10/gal Bush, 2009
$1.69/gal Obama, 2015
$2.98/gal Trump, May 2018
Gas was a lot cheaper under Obama. Politics does have a large role in this because oil markets don't like instability. Trump is such a volatile, unpredictable leader the markets have to price in the risk. Will Trump attack Iran? Will Trump put sanctions on Iran? He roils the markets, causing prices to go up.
average under Obama for 8 years was 2.96
average 2009 2.35
average 2010 2.78
average 2011 3.52
average 2012 3.62
average 2013 3.51
average 2014 3.36
average 2015 2.43
average 2016 2.14
Of course, another thread based on a bald faced lie.
Wrong. Every gas price that I cited is absolutely true and can be verified. Gas prices hit rock bottom in February 2015 at $1.69/gallon. That is a fact that cannot be refuted.
Gas is going up due to world energy market factors, not U.S. Energy policy. Unlike Obama, Trump's energy policies are to maximize energy production which over the long term will keep prices suppressed. Obama's policies were an attempt to reduce fossil fuel production, and use, therefore reducing supply. Big difference.
You're right. President Obama should have nationalized the petroleum industry in America by now so that he can control the prices and we could be on par with Venezuela.
Gas is going up due to world energy market factors, not U.S. Energy policy. Unlike Obama, Trump's energy policies are to maximize energy production which over the long term will keep prices suppressed. Obama's policies were an attempt to reduce fossil fuel production, and use, therefore reducing supply. Big difference.
Not true about Obama. He had an "all of the above" energy policy. In fact, during his time in office, oil and gas drilling in the U.S. soared:
All US presidents control global oil prices with a nifty system of levers and pulleys located in a secret compartment in the Oval Office. It’s right next to the little contraption that controls the stock market.
$4.10/gal Bush, 2009
$1.69/gal Obama, 2015
$2.98/gal Trump, May 2018
Gas was a lot cheaper under Obama. Politics does have a large role in this because oil markets don't like instability. Trump is such a volatile, unpredictable leader the markets have to price in the risk. Will Trump attack Iran? Will Trump put sanctions on Iran? He roils the markets, causing prices to go up.
Quote:
Originally Posted by Elliott_CA
Annual averages is a way to hide the fact that gas hit $1.69 in February 2015, far lower than today's price.
Forget the Obama years. Let's look at gas prices since Trump took office, shall we?
All US presidents control global oil prices with a nifty system of levers and pulleys located in a secret compartment in the Oval Office. It’s right next to the little contraption that controls the stock market.
Of courses, the market is dropping 400+ points today, due to the President's latest tariff announcement concerning the Chinese.
Indeed, Mr. Trump has announced tariffs, market drops. Mr. Trump says ' never mind', market goes back up. Mr. Trump says "Changed my mind, tariffs" and market again drops. Mr. Trump, of course, may yet reverse course prior to June 30th.
One could argue that Mr. Trump is indeed, on a short-term basis, affecting the stock market.
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