Stock Markets on Election Day, Nov 5, 2024

[Winco]

Didn't you clowns claim the President has nothing to do with gas prices the last 4 years?

So does POTUS have the ability to control gas prices or NOT? Nostra ?

YUP, AAA says gas prices on average are down $0.20 in the last year.

 

[Winco]

Trump got OPEC to reduce output while the lockdowns caused consumption to crater.

Sounds awful!

Was a 2-year deal necessary?
Trump got played.

 

[Toddsterpatriot]

Was a 2-year deal necessary?
Trump got played.

Poor helpless Biden.

 

[Delldude]

So does POTUS have the ability to control gas prices or NOT?

Yes he does.

WASHINGTON (AP) — President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation's strategic petroleum reserve for six months, the White House said Thursday, in a bid to control energy prices that have spiked as the U.S. and allies imposed steep sanctions on Russia over its invasion of Ukraine.

 

[Winco]

Yes he does.

As trump fucked over the US Consumer with a shortage of gas, and after the pandemic, this shortage lead to an increase in gas prices..........thanks trump.

Pretty simple really, nothing to do with Biden.

 

[Delldude]

Pretty simple really, nothing to do with Biden.

You said "So does POTUS have the ability to control gas prices or NOT?"

The answer is 'yes He can'.

Biden was directly responsible for draining the SPR to offset spiking gas prices. Filling it back up also causes a shortage, and an increase in gas prices no matter who's president.

Apparently you don't like the answer...............

 

[Winco]

Biden was directly responsible for draining the SPR to offset spiking gas prices.

• The Biden administration released oil to put more crude into the market, which can help reduce crude oil prices and, in turn, soften gasoline prices for consumers.
• A Treasury Department analysis and administration statements say that coordinated releases (including from international partners) helped reduce U.S. gasoline prices by up to around 40 cents per gallon.

In short: Biden’s administration released oil from the SPR to boost supply and help reduce energy and gasoline prices amid global market stresses.

Congress-Mandated Sales​

Congress has passed laws that require the Department of Energy to sell specific amounts of SPR oil over set periods. Those are legislative mandates, and the administration must comply with them. For example:

• Laws such as the Bipartisan Budget Act of 2015 and the Fixing America’s Surface Transportation Act direct the DOE to draw down and sell specific volumes of SPR oil in certain fiscal years.
• Under these mandates, tens of millions of barrels were sold in 2022 and 2023 simply because Congress required it. In 2023, for instance, 26 million barrels were sold to fulfill such a congressional obligation.

 

[Concerned American]

As trump fucked over the US Consumer with a shortage of gas, and after the pandemic, this shortage lead to an increase in gas prices..........thanks trump.

Pretty simple really, nothing to do with Biden.

War on fossil fuels. Wrong again Winnie.

 

[Mashmont]

Was a 2-year deal necessary?
Trump got played.

Let me help. Trump never gets played. He’s the top negotiator in the world for a reason.

 

[Winco]

Let me help. Trump never gets played. He’s the top negotiator in the world for a reason.

LOLLOLLLOLLLOLL

He got played on OPEC+
Meanwhile, the US consumer got fucked.

 

[Toddsterpatriot]

LOLLOLLLOLLLOLL

He got played on OPEC+
Meanwhile, the US consumer got fucked.

Poor helpless Biden.

 

[Delldude]

• The Biden administration released oil to put more crude into the market, which can help reduce crude oil prices and, in turn, soften gasoline prices for consumers.
• A Treasury Department analysis and administration statements say that coordinated releases (including from international partners) helped reduce U.S. gasoline prices by up to around 40 cents per gallon.

In short: Biden’s administration released oil from the SPR to boost supply and help reduce energy and gasoline prices amid global market stresses.

Congress-Mandated Sales​

Congress has passed laws that require the Department of Energy to sell specific amounts of SPR oil over set periods. Those are legislative mandates, and the administration must comply with them. For example:

• Laws such as the Bipartisan Budget Act of 2015 and the Fixing America’s Surface Transportation Act direct the DOE to draw down and sell specific volumes of SPR oil in certain fiscal years.
• Under these mandates, tens of millions of barrels were sold in 2022 and 2023 simply because Congress required it. In 2023, for instance, 26 million barrels were sold to fulfill such a congressional obligation.

Thank you for proving my point....

Surely you can do better than AI.

 

[JimH52]

As trump fucked over the US Consumer with a shortage of gas, and after the pandemic, this shortage lead to an increase in gas prices..........thanks trump.

Pretty simple really, nothing to do with Biden.

Don't tell Magats that. They think their Orange King is smart.

 

[Meister]

Was a 2-year deal necessary?
Trump got played.

Lol, what was the average price of gas in June of 2024, and prior?
Biden understood that the election was looming, and wow....prices came down.

 

[Winco]

Lol, what was the average price of gas in June of 2024, and prior?

Why do you need help looking up such simple factual information?

Month (2024)	Approx. Average Price ($/gal)	Notes / Source
January	~$3.08	Based on EIA monthly national average (AAA tracks similarly)U.S. Energy Information Administration
February	~$3.21	EIA national monthly average; AAA typically mirrors.U.S. Energy Information Administration
March	~$3.43	EIA data suggests mid-months rise.U.S. Energy Information Administration
April	~$3.61	AAA reported averages at/around this level in late April.AAA Fuel Prices
May	~$3.60	AAA reported national average around mid–$3.60s in May.AAA Fuel Prices
June	~$3.60	EIA shows national average around mid–$3.60s.U.S. Energy Information Administration
July	~$3.48	EIA indicates a slight downward drift.U.S. Energy Information Administration
August	~$3.39	AAA national data supports this range.AAA Fuel Prices
September	~$3.21	EIA monthly averages declining into fall.U.S. Energy Information Administration
October	~$3.14	EIA suggests further seasonal decline.U.S. Energy Information Administration
November	~$3.05	AAA noted approaches to below-$3.10 averages.AAA Fuel Prices
December	~$3.02	National average dipped close to $3 by year end.AAA Fuel Prices

Notes / Explanation

• The EIA monthly national regular gasoline average data correlates closely with AAA’s national pump price reporting, and is the best available consistent dataset for month-by-month U.S. national averages.U.S. Energy Information Administration
• AAA’s own articles throughout 2024 reported national averages for specific months that align with these figures (April and May coverage, for example, show prices in the mid-$3.60s).AAA Fuel Prices+1
• AAA’s daily fuel price maps and snapshots also confirm a general decline from spring highs (~$3.60+) to late-year levels just above $3.00.AAA Fuel Prices

 

[Meister]

Why do you need help looking up such simple factual information?

Month (2024)	Approx. Average Price ($/gal)	Notes / Source
January	~$3.08	Based on EIA monthly national average (AAA tracks similarly)U.S. Energy Information Administration
February	~$3.21	EIA national monthly average; AAA typically mirrors.U.S. Energy Information Administration
March	~$3.43	EIA data suggests mid-months rise.U.S. Energy Information Administration
April	~$3.61	AAA reported averages at/around this level in late April.AAA Fuel Prices
May	~$3.60	AAA reported national average around mid–$3.60s in May.AAA Fuel Prices
June	~$3.60	EIA shows national average around mid–$3.60s.U.S. Energy Information Administration
July	~$3.48	EIA indicates a slight downward drift.U.S. Energy Information Administration
August	~$3.39	AAA national data supports this range.AAA Fuel Prices
September	~$3.21	EIA monthly averages declining into fall.U.S. Energy Information Administration
October	~$3.14	EIA suggests further seasonal decline.U.S. Energy Information Administration
November	~$3.05	AAA noted approaches to below-$3.10 averages.AAA Fuel Prices
December	~$3.02	National average dipped close to $3 by year end.AAA Fuel Prices

Notes / Explanation

• The EIA monthly national regular gasoline average data correlates closely with AAA’s national pump price reporting, and is the best available consistent dataset for month-by-month U.S. national averages.U.S. Energy Information Administration
• AAA’s own articles throughout 2024 reported national averages for specific months that align with these figures (April and May coverage, for example, show prices in the mid-$3.60s).AAA Fuel Prices+1
• AAA’s daily fuel price maps and snapshots also confirm a general decline from spring highs (~$3.60+) to late-year levels just above $3.00.AAA Fuel Prices

I stand by my prior post. AND the reasoning for the price reduction leading up to the election.
We're paying 2.53 for regular in my neck of the woods.

 

[Winco]

January 1, 2026.

 

[Winco]

January 1, 2026

36.368 Trillion to 38.553 Trillion

Math says that is an increase in the National Debt of 2.185 Trillion in less than One Year.

Wow.

 

[Concerned American]

View attachment 1200227

January 1, 2026.

LOL, Try again Winnie. The market is closed on New Years Day.

 

[Winco]

LOL, Try again Winnie. The market is closed on New Years Day.

Dear Lord.
Of course it is, that doesn't change the data.
Did you bump your head again?