It is positively astounding to see you willfully blind tards protecting your fragile delusions in real time.
Because of trumps foolish agreement in OPEC+.
I call it a trump mistake.
www.nbcbayarea.com
High gas prices under Biden were also transitory, but that didn't stop you from making hay out of it.
They cut production because we were at capacity and more restrictions were being thrown at US energy companies.
Another competitor cut production because we were at capacity and restrictions.Here you go, dipshit:
In Venezuela, they produced less oil in 2021 than they did during the pandemic.
Venezuela's 2021 crude output shows no growth from last year
Average year crude production slightly below 2020 Production from JVs account for 60% of total production Iranian condensates boost output for third straight month Venezuelan state owned PDVSA and its
www.spglobal.com
Venezuelan state-owned PDVSA and its foreign joint venture partners recorded average crude oil production of 560,000 b/d in 2021, according to an internal report reviewed by S&P Global Platts.
The average year was slightly below 2020 when production averaged 570,000 b/d and the 2019 record when production was 1.01 million b/d, according to the OPEC Annual Statistical Bulletin. Also, the 2021 results were far from the target of PDVSA's recovery plan.
Profits because of customers and more consumption for more growth and profits. The more global markets producing, supply increases to meet and possibly exceed demand. Prices fall.
Trump negotiated a 9M barrel cut per day of OPEC in 2020. That is why gas prices rose. Biden put out more oil than Trump and world demand for oil FELL. It was less than 2019 for 4 years until 2023. Oil price peak was in 2022 with less demand. I feel like you dont know what you are talking about.
www.statista.com
Because Trump negotiated OPEC to cut oil production by 9M barrels a day. That didnt end until mid-2022. See graph:
OPEC+ is that trump albatross that won't go away, so the trump cult refuses to discuss it, and just blame biden instead.
Small price to pay to keep the Islamic Terror Regime of Iran from getting nukes.
Thank you for revealing your true inner, stupid self so I can put you on ignore right away!
Big picture impact on U.S. gas prices
What OPEC+ DID
What OPEC+ DID NOT control alone
Simple cause-and-effect
Key takeawaylol. Trump had nothing to do with the Biden spike.
- Prevented oil from staying cheap after 2020
- Contributed to 2021–2022 price surge
- Supported higher price floor in 2023
U.S. gas prices also depend on:
- Domestic refining capacity
- Seasonal demand (summer spikes)
- U.S. shale production
- Geopolitics (like Ukraine war)
OPEC+ cuts supply
↓
Global oil prices rise
↓
U.S. gasoline prices increase
OPEC+ is one of the biggest external drivers of U.S. gas prices.
- It doesn’t set gas prices directly
- But by controlling global oil supply, it strongly influences the baseline price Americans pay
He hates I tell him the truth.
| President | Term | Average Monthly Job Change |
|---|---|---|
| Franklin D. Roosevelt | 1933–1945 | +208,000 |
| Harry S. Truman | 1945–1953 | +60,000 |
| Dwight D. Eisenhower | 1953–1961 | +32,000 |
| John F. Kennedy | 1961–1963 | +81,000 |
| Lyndon B. Johnson | 1963–1969 | +194,000 |
| Richard Nixon | 1969–1974 | +129,000 |
| Gerald Ford | 1974–1977 | +71,000 |
| Jimmy Carter | 1977–1981 | +215,000 |
| Ronald Reagan | 1981–1989 | +168,000 |
| George H. W. Bush | 1989–1993 | +52,000 |
| Bill Clinton | 1993–2001 | +239,000 |
| George W. Bush | 2001–2009 | +13,000 |
| Barack Obama | 2009–2017 | +109,000 |
| Donald Trump (full first term) | 2017–2021 | –2,000 |
You answered your own questionIt's gone up about .75 cents in my AO.....Worth every penny to see Iran finally getting it's crap pushed in.
Riddle me this....Why are gas prices 10 cents higher (on average in my AO) along the Interstate exits?
Not just now either, it's all the time.....Just because they can?
