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Old 06-11-2019, 03:17 AM
 
78,883 posts, read 33,560,179 times
Reputation: 15805

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Quote:
Originally Posted by mkpunk View Post
They went down in the long run under Obama but at times were high. Under Trump is they were lower last year and then crept up due to the refinery fire and shortages. Two years ago they were relatively high, but not an unbearable level. I don't think I can truly blame Trump, but it just shows the economy isn t working for us little folk as much as Trump supporters think it is.
There were no shortages. Prices fluctuate based on the whims of the markets. There was absolutely no basis for oil going to $150 awhile back. It got back up to $100 under Obama.

As I said, you bid, you physically take control of the oil. Last time I saw it was something like a 7-8 times a barrel of oil was traded before it ever actually reached an end user.
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Old 06-11-2019, 03:18 AM
 
78,883 posts, read 33,560,179 times
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Quote:
Originally Posted by green_mariner View Post
Gas prices were dropping during the Obama administration too.
And going up, and dropping, and going up, and dropping.
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Old 06-11-2019, 04:48 AM
 
19,377 posts, read 17,485,059 times
Reputation: 10585
Paid anywhere from $2.79 to $2.97 over the weekend. I guess its gone down a little but they probably couldn't keep the prices artificially high without reason forever.
I was hoping to find a pump somewhere that's all gas and no ethanol, but no luck.
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Old 06-11-2019, 05:20 AM
 
9,461 posts, read 2,326,742 times
Reputation: 4675
Quote:
Originally Posted by skeddy View Post
good to see the little guy get a break. Thanks President Trump.
For what?

The WORLDWIDE price of crude is down. Not as low as 2015 or 2016 (down to $29.04/barrel), but lower than last year.

Trump doesn't get credit for making it rain and he doesn't get credit for a slump in world crude prices.
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Old 06-11-2019, 07:27 AM
 
Location: Chicago area
14,385 posts, read 7,921,507 times
Reputation: 53484
Our gas prices are still very high. Well over $3 a gallon. This dear leader worship is really disturbing.
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Old 06-11-2019, 07:28 AM
Status: "\_(ツ)_/" (set 14 days ago)
 
11,383 posts, read 5,963,531 times
Reputation: 3598
POTUS...doesn't control gas prices, doesn't control the markets. Seemingly the only thing POTUS controls is stupid people who believe this nonsense and have no grasp of economics.
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Old 06-11-2019, 07:37 AM
Status: "I hate living in Georgia!!" (set 10 days ago)
 
48,086 posts, read 45,475,380 times
Reputation: 15326
Quote:
Originally Posted by pknopp View Post
And going up, and dropping, and going up, and dropping.
It was going up and down during the Obama administration (I saw a bit more down than up). It goes up and down during the Trump administration.
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Old 06-11-2019, 07:38 AM
 
Location: Buckeye, AZ
27,312 posts, read 15,776,861 times
Reputation: 9864
Quote:
Originally Posted by natalie469 View Post
Gas prices have always been up and down. Should we give credit to every president when its cheaper. No, of course not.
We shouldn't, but we do. Often times economic issues are outside the law and presidential policies. Don't get me wrong presidential policies might further hurt it, but most times recessions are not political. Market runs I would say too but Reagannomics kind of hurts this theory.
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Old 06-11-2019, 07:49 AM
Status: "I hate living in Georgia!!" (set 10 days ago)
 
48,086 posts, read 45,475,380 times
Reputation: 15326
Quote:
Originally Posted by Mathguy View Post
True. Gas prices became weaponized politics starting about 15 years ago.

Yeah, remember the Senate show trials of the oil execs during the Bush administration?

To recap, oil companies lost huge money in the 80's and 90's and were forced to merge. Ultimately, one of them became the largest company in the world in terms of revenues or some such measure and then they were pilloried for having the largest profits in total dollars despite having a profit % about half of Apples.

The execs getting grilled should have had their "do you have no sense of decency" moment right then and there and called out the grandstanding Senators and their presidential aspirations for it's general naked ugliness.

Remember everyone, for every $3 you pay for a gallon of gas, after taxes the oil company is keeping about 10-15 cents and state and federal govt. is getting somewhere in the neighborhood of $1.50.
The early/mid 2000s is when I remember oil becoming more politicized. 2005 was the last time I remember gas prices being below $2.00.

If the state and federal government are keeping half of that money, then why is the infrastructure in the USA such a mess? Should gasoline taxes go to helping fix things like the roads and public transportation?
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Old 06-11-2019, 07:51 AM
 
Location: Houston, TX
14,697 posts, read 8,483,912 times
Reputation: 29394
Quote:
Originally Posted by skeddy View Post
good to see the little guy get a break. Thanks President Trump.

The national average price of gasoline has fallen 7.1 cents per gallon in the last week, averaging $2.73 per gallon Sunday. The national average is down 12.9 cents per gallon from a month ago, yet stands 17.8 cents per gallon lower than a year ago.

"The decline at the pump is likely to continue but may slow down in a few couple weeks as President Trump made a deal with Mexico over the weekend to avoid tariffs. With gasoline inventories also growing in most areas of the country, the transition to summer gasoline complete, motorists will continue to see prices moving lower as the summer driving season gets underway. We're likely to see more good news at the pump than bad for the foreseeable future."

more winning...loving this economy
I would love to see some real critical thinking skills by Trump supporters. Connect the dots for us. How did Trump lower gas prices? How has Trump improved the economy? I'll await your answer until the day I die I suspect.
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