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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.
You know very well the price of gas has little to do with who is President. what was the price in Dec of 2012 or do you want to bother to check? That was after your hero was elected. That wonderful figure of $1.69 may have been very low, but how about the other 84 months of his presidency?
$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.
Obama crashed the economy so bad gas prices cratered and everyone bought gas guzzlers. Good news for high gas prices is it will stimulate the demand for gas sippers and electric cars so we can now credit Trump for saving the planet.
How dare market forces work and profits be made without the guidance of the enlightened socialists?
"Market forces" do not work when discussing something that people can not simply refuse to purchase. When oil went to near $150 a barrel there were no forces at work to justify that price.
How dare market forces work and profits be made without the guidance of the enlightened socialists?
Bullying (sanctions and threats) Venezuela and Iran to induce an oil shortage for the benefit of collusion partners Saudi Arabia and Russia is not market forces at work. If the market were allowed to prevail, gas would be less than two bucks a gallon - maybe much less.
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