But I Thought Biden Had No Influence on Gas Prices

[MinTrut]

For two years all we heard from the Left was Joe had nothing to do with gas prices. Now it goes down a few cents and the Joe/Kamala circus is taking credit for the drop.

Liberals said this, not the left.

 

[MinTrut]

He doesn't but if you were one who blamed the high prices on him you also have to give him credit for them coming down.

Thread.

 

[struth]

He doesn't but if you were one who blamed the high prices on him you also have to give him credit for them coming down.

i do…his inflation and recession have really harmed the economy and slowed demand which has brought prices down some…still far higher then what he inherited

 

[Lesh]

A President has little if any effect on gas prices going up.

They have certain tools to lower them

For instance Obama mandated that oil speculators had to physically take possession of the oil before they could resell it. That stopped the pyramid scheme speculation that drove gas prices up near $4 / gal during his admin

Biden had been releasing oil from the SOR and that has been the driving force for the current drop

 

[Lesh]

i do…his inflation and recession have really harmed the economy and slowed demand which has brought prices down some…still far higher then what he inherited

Has demand dropped? Show your work

 

[The Duke]

Yep, diesel was always cheaper than gasoline, at least until 2004, when the price of diesel became more expensive than gas and stayed that way.

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

Why are diesel fuel prices higher than gasoline prices?​

On-highway diesel fuel prices have been higher than regular-grade gasoline prices, on a dollar-per-gallon basis, almost continuously since September 2004. This trend is a break from the previous historical pattern of diesel fuel prices usually being lower than gasoline prices except in cold winters when demand for heating oil pushed diesel fuel prices higher. There are three main reasons why diesel fuel prices have been higher than regular gasoline prices in recent years:

• Demand for diesel fuel and other distillate fuel oils has been relatively high, especially in Europe, China, India, and the United States.
• The transition to less polluting, lower-sulfur diesel fuels in the United States affected diesel fuel production and distribution costs.
• The federal excise tax for on-highway diesel fuel of 24.3 cents per gallon is 6 cents per gallon higher than the federal excise tax on gasoline.

Guess who was president in 2004? That's right, Jr. was.

Yep, and those diesel prices have stayed high since.

 

[struth]

Has demand dropped? Show your work

yes. hence why the price is dropped

we are in a recession. dumb ass

 

[pknopp]

A President has little if any effect on gas prices going up.

They have certain tools to lower them

For instance Obama mandated that oil speculators had to physically take possession of the oil before they could resell it.

No he didn't.

 

[Lesh]

yes. hence why the price is dropped

we are in a recession. dumb ass

I told you to show your work. Prove that demand has dropped

You failed

 

[Lesh]

No he didn't.

No he didn’t WHAT? Who didn’t?

 

[struth]

I told you to show your work. Prove that demand has dropped

You failed

um gdp has dropped, gone negative over the past two qtrs

did you not know this?

 

[pknopp]

No he didn’t WHAT? Who didn’t?

What you said.

 

[Lesh]

What you said.

Dude. If you can’t speak in full sentences and make yourself understood… shut the fuck up

 

[pknopp]

Dude. If you can’t speak in full sentences and make yourself understood… shut the fuck up

If you do not understand what you wrote, I can not help you.

 

[Lesh]

um gdp has dropped, gone negative over the past two qtrs

did you not know this?

So show us how much gasoline purchases have dropped

 

[Lesh]

If you do not understand what you wrote, I can not help you.

I know exactly what I wrote. It’s unclear what you take issue with.

Are you hung over this morning?

 

[surada]

Um, open up our own industry?

The US doesn't have nationalized oil industry. Is that what you want?

 

[pknopp]

For instance Obama mandated that oil speculators had to physically take possession of the oil before they could resell it. That stopped the pyramid scheme speculation that drove gas prices up near $4 / gal during his admin

No he didn't.

 

[struth]

So show us how much gasoline purchases have dropped

enough to bring the price down some

are you literally not paying attention to this thread?

 

[struth]

Dude. If you can’t speak in full sentences and make yourself understood… shut the fuck up

what about his post don’t you understand?