Even MSM is now blaming Biden for over 43% higher gas prices...

[hadit]

If the president sets gas prices...why did your blob have it at $2?

Boy, am I glad we don't have any of those around. They sound scary.

 

[AZrailwhale]

Makes us wonder why Trump had it set at $2. when apparently the President controls gas prices.

The low prices weren't so much Trump or his policies, but a function of supply and demand. Demand was low do to the pandemic, supply was high so prices were depressed. The only thing a president, any president, can do to affect gas prices to to control, or not control production. Restrict production and the futures traders will drive prices up, increase production and they will drive prices down. It's simple economics.

 

[candycorn]

The low prices weren't so much Trump or his policies, but a function of supply and demand. Demand was low do to the pandemic, supply was high so prices were depressed. The only thing a president, any president, can do to affect gas prices to to control, or not control production. Restrict production and the futures traders will drive prices up, increase production and they will drive prices down. It's simple economics.

More economic activity=higher gas prices.

Seems like it's a good idea to move away from reliance on gasoline and embrace electric vehicles.

 

[hadit]

More economic activity=higher gas prices.

Seems like it's a good idea to move away from reliance on gasoline and embrace electric vehicles.

We will still need petroleum and coal to produce the electricity to power those electric vehicles. The global oil market is going to have a huge impact on every day life for quite a while to come.

 

[candycorn]

We will still need petroleum and coal to produce the electricity to power those electric vehicles. The global oil market is going to have a huge impact on every day life for quite a while to come.

Coal yes. Petro...not as much.