Gas prices decrease, thanks to Biden

Filled my car tank at Murphy's yesterday in White Settlement for $2.87 Gal. Just got back from Murphy's after filling my truck. It only cost 32 cents a gallon more. $3.19. Should have taken it yesterday. Would have save $3.45 on 15 gallons.
 
Production costs increased all during the Trump administration... and they have increased in the past 2 years.
so, if that is true, then why were the prices so low under trump? Can't seem to keep the story straight can you?
 
so, if that is true, then why were the prices so low under trump? Can't seem to keep the story straight can you?

Because there was a glut of oil on the market. The ppb got so low Trump threatened the Saudis if they didn't cut production. The US oil industry is about boom and bust. When the ppb is high everyone invests in production.. when it's low.. nobody does. In 2020 over 200 domestic producers declared bankruptcy.
 
We don't buy any oil from Iran. We should be buying from Venezuela. Trump's sanctions are stupid and vindictive.
except price at the pump had been the cheapest in years. And you hated it I supposed.
 
except price at the pump had been the cheapest in years. And you hated it I supposed.

There wouldn't have been any gas at the pump if the ppb hadn't been high enough during the Obama years to drive increased production.

The oil business is a business. It's not altruistic. They have to make a profit or they cannot invest in rigs, exploration and drilling.

Do you want socialism? Do you want to nationalize the US oil companies?
 

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