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I'll just say this: The value of a 1980 dollar is $3.51
National Gas average was $1.19
Gas, when indexed to today's dollar was $4.17/gal.
Lot of crying, but gas prices are still very cheap. Have you ever walked through a refinery? Billions of dollars to build one, and maintain. It's not cheap.
Gas has historically fluctuated, and most (not all) of what is going on today are external to the USA. Dems are not as friendly to Oil and Gas as Republicans, but Republicans are not as friendly to the economy or the environment as Dems. In the end, the bi-partisan tug and pull works. Lately not very well, but as it applies to gas, it is probably priced appropriately.
....and hard to blame Biden and Obama and overlook the guy in between them. None of them are completely at fault. Each of them have their share of the blame.
I have not come on this forum in well over a month. Misinformed threads like this one are the reason.
Maybe I'll see you all in June. Or July.
Reasonable and sensible post.
Your efforts here are worthy of absorbing as stable economics reasoning.
I for one think it's more in line with your post as to how fluctuate happens .
Not political though.
It's so weird to see gas stations with over 4.00 a gallon now. Ouch, it hurts. In my area, the price of gas is about 4.30....no more joy riding on a Sunday afternoon. Thanks Brandon. You're the best.
compared to 2008 when gas hit 4 bucks a gallon, i'm seeing virtually nothing about people wanting to get out of their gas guzzlers in favor of something more economical. possibly because used car prices are up 40% and new cars are sky-high as well, and not exactly abundant.
your understanding of the world is stuck in the 1970's. The Democrat's are every bit it not more in the pocket of big Business. Do you really think all those Business tycoons and Billionaires who back the Democratic Party do it out of their good will.
Trump is an Ass but he was the one who pushed U.S. energy independence, he was the one who pushed America first, he was the one who pushed enforce the borders and he was the one who pushed for getting American manufacturing back in America. Everyone of these policies was good for the avg American and yet hurt the rich. Lower Fuel prices(as you yourself mentioned)meant less profit for big oil, controlled borders mean less cheap labor which means Supply/demand dictates wages must rise. This is all basic economics. Did he succeed in everything, heck no, but he never stopped working towards those goals despite the endless opposition from not only the Dems but a lot of Repubs whose only concern is pleasing big business money.
So its not about Repubs being pro business and Dems being the party of the people. The Dems have not cared about the people for decades unless it's election time.
Trump was not nearly strong enough and decidedly nowhere near smart enough to undo the damage the republicans have done since Reagan started the ball rolling. Everything with Trump was all mouth to say what his base wanted to hear and no ass to deliver any of it, even with both houses of Congress on his side.
It's easy to spout, and much more difficult to actually have legislation drafted to accomplish things. Trump was a massive failure.
Exactly right. Like they did in 2020/2021, now they're making up for those losses. Which is why they're in no hurry to increase output, yes? As long as demand stays strong, higher prices are good for oil companies - they're out to maximize profit just like any other business.
Which is exactly why more drilling in more places will have no impact on prices at the pump. They are not going to pump more oil and refine it so they can sell it to you cheaper. That isn't how business works.
They are taking advantage of the runup to Memorial Day weekend, like they have done for the last 55 years I can remember.
It was leftist ideology (Barney Frank, remember him?) that told us everybody deserved a home and forced lenders to give out loans to people that couldn't pay it back, which collapsed the RE market when ARMs reset.
So explain to us why W didn't have stronger oversight of the financial industry in place when the housing boom started in 2005. I was a real estate auctioneer at that time and I sure as hell didn't understand why the banking system had lost its mind. I still don't.
Guess all the "tRump 2020" flags will need to come off my truck now, to save my fuel economy!
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