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Well still about a $1.75 higher then gas was at the start of Joe' war on fossil fuel (that's a quote) and Diesel has not dropped much at all. Is this the Putin price drop? or is that unfair and Biden should get the credit?
Call me crazy, but I think people are driving less (demand) and that's why gasoline prices are lower and the reason Diesel is still high is because truckers are delivering goods as fast as they can, trying to get the supply chain back in sync.
How do y'all see it?
All POTUS try to take credit/ imply they are responsible when the price of gas declines and deflect when prices increase.
Trump did it in 2020 when the pandemic substantially reduced global demand and Russia and the Saudis got into a price war and pumped like there was no tomorrow. Refineries all over the world were shut down and masses were laid off.
The US trade associations representing producers and refiners have made it clear, producers and refiners are working at capacity. The global market, not the producers and refiners, determine price.
While every POTUS has some influence over the economy, they do not control the economy. If POTUS did, there would never be recessions.
All POTUS try to take credit/ imply they are responsible when the price of gas declines and deflect when prices increase.
Trump did it in 2020 when the pandemic substantially reduced global demand and Russia and the Saudis got into a price war and pumped like there was no tomorrow. Refineries all over the world were shut down and masses were laid off.
The US trade associations representing producers and refiners have made it clear, producers and refiners are working at capacity. The global market, not the producers and refiners, determine price.
While every POTUS has some influence over the economy, they do not control the economy. If POTUS did, there would never be recessions.
Partially true. By this I mean, government ... or in this case the POTUS rarely affects the lowering of prices... but they certainly can have a GREATER influence in raising prices.
Recent examples...
A) Reduce regulation and show support the industry= prices stabilized through market dynamics by untethering the industry. Supply chain becomes (more) predictable and future contracts reflect a stabile predictable market.
B) Claim to be the general in a war on fossil fuel = today. Fill in this segment with your own observations.
I don't think a president controls gas prices. However, those who blamed Biden for the high prices should probably be thanking him for the lower prices now.
I should thank a tool who made the gas prices rise to ridiculous amounts, and then when it drops, but is still higher by almost twice the amount that it was before he did anything, I'm supposed to thank him?
I don't think a president controls gas prices. However, those who blamed Biden for the high prices should probably be thanking him for the lower prices now.
I say the consumer bought down the price by less demand. That's my story and I'm sticking to it.
So when the prices were under $2.00/gallon during Covid in 2020 (and under Trump's watch) because so many business were closed so there were very few people on the roads, that was also supply and demand, right? Not that Trump brought the prices down (by some stretch of the imagination)?
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