Reverse policies to bring down gas prices

[LeftofLeft]

Gas prices reflect future predictions. By reversing energy policies the Biden Administration has enacted since taking office, they can have a more measurable effect short and long term on gas prices because demonizing oil and gas companies and yelling at gas stations to lower gas prices will have NO effect.

Biden Can Lower Gasoline Prices Now

By announcing a new policy focused on increasing rather than decreasing American energy production, President Biden could change expectations about the direction of U.S. energy production, resulting in an immediate decline in the price of oil.

www-forbes-com.cdn.ampproject.org

 

[Moonglow]

Trump made an agreement in 2020 to reduce production and that agreement lasted until May 2022. The US can't make up the difference of the reduction in every oil producing nation. You are demanding the impossible for a global trade commodity.

 

[KissMy]

Gasoline prices are high because 260 oil drillers were bankrupted by price wars under Trump when 80% of oil drillers halted operations. As soon as Biden was elected, increased demand emptied the oil glut causing prices to rise. Drillers went back to work. Russian attacks drove prices even higher. Active US Drill Rig count Tripled! Gasoline prices are falling.

 

[Rambunctious]

Its too late to effect the price by November.... Joe is toast.....

 

[dudmuck]

Gas prices reflect future predictions. By reversing energy policies the Biden Administration has enacted since taking office, they can have a more measurable effect short and long term on gas prices because demonizing oil and gas companies and yelling at gas stations to lower gas prices will have NO effect.

Biden Can Lower Gasoline Prices Now

By announcing a new policy focused on increasing rather than decreasing American energy production, President Biden could change expectations about the direction of U.S. energy production, resulting in an immediate decline in the price of oil.

www-forbes-com.cdn.ampproject.org

 

[LeftofLeft]

How is there price gouging? Where has that been confirmed? High prices don’t necessarily correlate to price gouging? Btw, it was smart for Republicans to back off and say no to a plan that artificially sets or influences a price. The result would be fewer providers (gas stations). Then what?

 

[AzogtheDefiler]

Trump made an agreement in 2020 to reduce production and that agreement lasted until May 2022. The US can't make up the difference of the reduction in every oil producing nation. You are demanding the impossible for a global trade commodity.

Doesn’t impact gas prices. They are based on futures. Dummy

 

[Moonglow]

Doesn’t impact gas prices. They are based on futures. Dummy

No shit!?

 

[jbrownson0831]

How is there price gouging? Where has that been confirmed? High prices don’t necessarily correlate to price gouging? Btw, it was smart for Republicans to back off and say no to a plan that artificially sets or influences a price. The result would be fewer providers (gas stations). Then what?

The sheeple believe any propaganda the Dimmers feed them

 

[Moonglow]

After a recession where deflation has occurred on oil prices and demand increases we have always had price increases, why is now any different than fifty years ago?

 

[dudmuck]

How is there price gouging? Where has that been confirmed? High prices don’t necessarily correlate to price gouging? Btw, it was smart for Republicans to back off and say no to a plan that artificially sets or influences a price. The result would be fewer providers (gas stations). Then what?

 

[Polishprince]

Trump made an agreement in 2020 to reduce production and that agreement lasted until May 2022. The US can't make up the difference of the reduction in every oil producing nation. You are demanding the impossible for a global trade commodity.

Brandon got rid of all of Trump's other policies, he didn't get rid of this one because he liked it.

Even though Trump would have revoked it if he was still in office and it was posing a problem.

 

[Moonglow]

Brandon got rid of all of Trump's other policies, he didn't get rid of this one because he liked it.

Even though Trump would have revoked it if he was still in office and it was posing a problem.

Nope he could not.

 

[LeftofLeft]

Revenues increasing as a result of demand means price gouging? Try again. If Bernie really wanted to impress people, he’d show a huge increase in profit MARGINS. Then, you might be onto something. Last I checked, oil companies were profiting $0.06 on $5.00 gas. Contrast that with the Federal Government getting $0.18 and state and locals getting $0.09. There is your gouging.

 

[dudmuck]

Revenues increasing as a result of demand means price gouging? Try again. If Bernie really wanted to impress people, he’d show a huge increase in profit MARGINS. Then, you might be onto something. Last I checked, oil companies were profiting $0.06 on $5.00 gas. Contrast that with the Federal Government getting $0.18 and state and locals getting $0.09. There is your gouging.

 

[LeftofLeft]

I don’t believe a President sets gas prices. The foolery lies in the notion that the policies of a President don’t impact gas prices.

 

[jbrownson0831]

I don’t believe a President sets gas prices. The foolery lies in the notion that the policies of a President don’t impact gas prices.

Exactly. A president can influence a great number of things....positively for US citizens, or totally against real Americans as we see now.

 

[KissMy]

How is there price gouging? Where has that been confirmed? High prices don’t necessarily correlate to price gouging?

Oil driller make good profits at $1.19/gal, they sell to refinery at $2.41/gal, profiting over $1.22/gal. Refiners are selling gasoline at $3.41 profiting $1.00/gal. Stations are charging consumer over $4.76 at the pump. They are making almost $1.00 after taxes. Price gouging all through the system.....

 

[LeftofLeft]

Oil driller make good profits at $1.19/gal, they sell to refinery at $2.41/gal, profiting over $1.22/gal. Refiners are selling gasoline at $3.41 profiting $1.00/gal. Stations are charging consumer over $4.76 at the pump. They are making almost $1.00 after taxes. Price gouging all through the system.....

Wait. Stop. You said the oil driller makes good profits at a $1.19. What does it cost the driller? What is the margin?