Trump Is All Hot Air As Gas Prices Continue To Fall

Do prices typically go down during the winter?

Typically because of known actual variables. In days past, not really because it was all known and built in.

For decades fuel prices were largely stable. We then allowed the hedge funds in and it's been a mess ever since.
 
'Well sure, they're drilling NOW because they want to win the election.

If Harris wins, right back to not drilling, not fracking, sky high gas prices.

Nervous yet?

You should be
And both parties allow alot of the oil to be shipped off our shores when we, the citizens, need it. another gripe on my long long long america gripe list.
 
'Well sure, they're drilling NOW because they want to win the election.

If Harris wins, right back to not drilling, not fracking, sky high gas prices.

Nervous yet?

You should be
What part of this chart shows that the Biden Administration is just starting to drill more because they want to win the election?

Since Feb 2021, it looks like the numbers are on a constant TREND up.
Are you seeing something different? SweetSue92

oil 2010-2024.png





What has Tater done to increase oil production?
Drilled More.....duh.
Someone ^^^^^ is lacking thinking skills.... Nostra
 
that's what his party claimed when Trump was in office.

wonder what changed? :dunno:
Nothing changed. Those who own the leases control the drilling and pumping. The only effect the government has on prices is through release of national reserves. Only effect government has on inflation is raising or lowering fed interest rates. Never been different. I have land with oil on it. Was told they would pump it if ever oil rose above 55 a barrel. Well they have not started the pumps and I have not gotten any checks in the past 30 to 40 years.
 
Nothing changed. Those who own the leases control the drilling and pumping. The only effect the government has on prices is through release of national reserves. Only effect government has on inflation is raising or lowering fed interest rates. Never been different. I have land with oil on it. Was told they would pump it if ever oil rose above 55 a barrel. Well they have not started the pumps and I have not gotten any checks in the past 30 to 40 years.
1725979580582.png


Trump had nothing to do with gas prices when he was in office, but Biden does?
 
The price of regular gas is below $3 per gallon in many southern states, with the national average just a little higher, at $3.27 as of Monday, according to AAA. If your vehicle is compatible with E85, it’s just $2.69. And the price of regular gas is expected to keep falling through Thanksgiving.

All the while, the United States continues to break records for oil production and the strategic oil reserve is being refilled. Presidents don’t have direct control over the price of gas, but policies can affect the long-term price of oil, and President Joe Biden has proven to be a master oil trader.

And yet Donald Trump has campaigned on the idea that we need to “drill, baby, drill” to boost production, that Biden has emptied the strategic reserve, and that the United States is not energy independent. None of that is true. So what is a guy who strong-armed oil companies to pump a billion dollars into his campaign to do?

Panic.

Trump can see that jig is up for his false claims on energy. Gas prices now are down over a dollar from their 2022 peak and are lower than they were a decade ago. Consumer confidence appears to be rising. And increasing consumer spending shows that Americans feel more confident about their finances.

Since 2007, the price of gas has dipped below $2 only three times, usually in the middle of economic disasters. Amid the Great Recession in 2008, decreased demand dropped prices to $1.75. And Trump’s bungled response to the COVID-19 pandemic created another low point, dropping prices to $1.93 as demand crashed and supplies overflowed (The third time gas fell below $2 was for one month in 2016—under then-President Barack Obama—due to an oil surplus.)


I wouldn't bring this up at the debate if I were you donald.
Why quote only the low price?

California is $5
Premium is $4 across most states
E85 is garbage and heavily sibsidized
 
'Well sure, they're drilling NOW because they want to win the election.

If Harris wins, right back to not drilling, not fracking, sky high gas prices.

Nervous yet?

You should be
Drilling slowed down bigly under Trump in 2020


It has slowed down a bit.

 

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