Why Biden's ignorance of economics i.e. lack of common sense caused inflation now of over 8%!

[healthmyths]

In the first 7 days of his administration Biden did something that had such a gigantic ripple effect that has directly cause inflation to be today at
8.54%!!!! US Inflation Rate

Biden never understood these key points about gas prices!

How Gas Prices Affect the Economy

Although economists may argue about whether gas prices have an effect on the economy, there is a connection between consumer confidence, spending habits and gas prices.

www.investopedia.com

KEY TAKEAWAYS​

• When gas prices rise, it can be a drag on the economy—impacting everything from consumer spending to the price of airline tickets to hiring practices.
• Gas is an important input for transportation, which directly impacts households as they drive, but also businesses that rely on logistics and transportation chains around the globe.
• If discretionary spending is hampered by higher gasoline costs, it can have knock-on effects throughout the broader economy.

Gas is used by almost ALL Americans in different ways but the bottom line is gas prices affect most of us.
For example you may NOT buy gas as you don't have a car. But your mail, your food, your transportation to buy food... all use gas!
In 2021 Americans used in cars, trucks, buses, etc. about 134.83 billion gallons per year! Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)
Gas cost per gallon in Jan 25, 2021 was USA average: $2.392 per gallon.
Gas cost per gallon in May 5, 2022 was USA average: $4.182 per gallon.
Total increase in gas cost $1.79 X 134.83 billion gallons means $241.345 BILLION in gas costs.

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

All because Biden banned to the oil exploration companies exploration on Federal land that provides 24% of our oil/gas!
Now oil companies can continue exploration on land that provides 24% of the nation's oil and gas.

https://crsreports.congress.gov/product/pdf/R/R42432

FACTS... oil exploration costs going up meant gas prices at the pump go up and BIDEN never ever considered that, obviously!
Totally ignorant as to the effect banning exploration on land that provides 24% (more than 36% at one time) of oil production!

 

[basquebromance]

if you want common sense on inflation go to FOX News

 

[They/Them]

The price of my home and car have gone up tremendously.

How is that a bad thing?

At this rate I’ll be a millionaire within 2 yrs

 

[PinktheFloyd88]

Unemployment under GOP: 14.7% in 2020

Unemployment under Biden: 4% in 2022


GOP: "HE DOESNT UNDERSTAND ECONOMICS"

 

[Bootney Lee Farnsworth]

Unemployment under GOP: 14.7% in 2020

Unemployment under Biden: 4% in 2022


GOP: "HE DOESNT UNDERSTAND ECONOMICS"

Plandemic

 

[dudmuck]

In the first 7 days of his administration Biden did something that had such a gigantic ripple effect that has directly cause inflation to be today at
8.54%!!!! US Inflation Rate

Biden never understood these key points about gas prices!

How Gas Prices Affect the Economy

Although economists may argue about whether gas prices have an effect on the economy, there is a connection between consumer confidence, spending habits and gas prices.

www.investopedia.com

KEY TAKEAWAYS​

• When gas prices rise, it can be a drag on the economy—impacting everything from consumer spending to the price of airline tickets to hiring practices.
• Gas is an important input for transportation, which directly impacts households as they drive, but also businesses that rely on logistics and transportation chains around the globe.
• If discretionary spending is hampered by higher gasoline costs, it can have knock-on effects throughout the broader economy.

Gas is used by almost ALL Americans in different ways but the bottom line is gas prices affect most of us.
For example you may NOT buy gas as you don't have a car. But your mail, your food, your transportation to buy food... all use gas!
In 2021 Americans used in cars, trucks, buses, etc. about 134.83 billion gallons per year! Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)
Gas cost per gallon in Jan 25, 2021 was USA average: $2.392 per gallon.
Gas cost per gallon in May 5, 2022 was USA average: $4.182 per gallon.
Total increase in gas cost $1.79 X 134.83 billion gallons means $241.345 BILLION in gas costs.

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

All because Biden banned to the oil exploration companies exploration on Federal land that provides 24% of our oil/gas!
Now oil companies can continue exploration on land that provides 24% of the nation's oil and gas.

https://crsreports.congress.gov/product/pdf/R/R42432

FACTS... oil exploration costs going up meant gas prices at the pump go up and BIDEN never ever considered that, obviously!
Totally ignorant as to the effect banning exploration on land that provides 24% (more than 36% at one time) of oil production!

its it were only the USA, that would make sense.
A few months ago, europe inflation was a bit better than USA, but they're catching up

Europe Inflation Seen Surpassing U.S. for First Time in a Decade

For the first time in over a decade, traders are anticipating faster inflation in Europe than the U.S. as the war in Ukraine drives up energy prices.

www.bloomberg.com

i'd like to hear how Biden is responsible for global inflation.

 

[healthmyths]

its it were only the USA, that would make sense.
A few months ago, europe inflation was a bit better than USA, but they're catching up

Europe Inflation Seen Surpassing U.S. for First Time in a Decade

For the first time in over a decade, traders are anticipating faster inflation in Europe than the U.S. as the war in Ukraine drives up energy prices.

www.bloomberg.com

i'd like to hear how Biden is responsible for global inflation.

I'd like to understand how Biden's cancelling exploration on Federal land that provides 24% of our oil/gas DIDN"T have
an affect on the oil exploration companies pricing of their services, which then raised prices on oil refineries, which raised
prices on the gas stations and do you think the gas stations wouldn't raise their prices for something that costs them more?
It makes little sense to reduce the USA oil production which Biden wanted to do, primarily for environmental rationale WHEN
the top importing companies produce more CO2 than the USA did!
I deal with facts. Not guesses.

Biden Eyes Venezuelan Oil​

The administration seeks engagement with Maduro’s criminal regime.​

Opinion | Biden Eyes Venezuelan Oil

The administration seeks engagement with Maduro’s criminal regime.

www.wsj.com

 

[surada]

I'd like to understand how Biden's cancelling exploration on Federal land that provides 24% of our oil/gas DIDN"T have
an affect on the oil exploration companies pricing of their services, which then raised prices on oil refineries, which raised
prices on the gas stations and do you think the gas stations wouldn't raise their prices for something that costs them more?
It makes little sense to reduce the USA oil production which Biden wanted to do, primarily for environmental rationale WHEN
the top importing companies produce more CO2 than the USA did!
I deal with facts. Not guesses.

Biden Eyes Venezuelan Oil​

The administration seeks engagement with Maduro’s criminal regime.​

Opinion | Biden Eyes Venezuelan Oil

The administration seeks engagement with Maduro’s criminal regime.

www.wsj.com

View attachment 641633

We've bought venezuelan oil for decades regardless of how screwy their government has been for the past 50 years.

 

[Nostra]

BidInflation is Trump’s fault.

ORANGE MAN BAD!

 

[SassyIrishLass]

Unemployment under GOP: 14.7% in 2020

Unemployment under Biden: 4% in 2022


GOP: "HE DOESNT UNDERSTAND ECONOMICS"

Oh stop. What was unemployment before the manufactured Covid bullshit?

 

[Mac1958]

its it were only the USA, that would make sense.
A few months ago, europe inflation was a bit better than USA, but they're catching up

Europe Inflation Seen Surpassing U.S. for First Time in a Decade

For the first time in over a decade, traders are anticipating faster inflation in Europe than the U.S. as the war in Ukraine drives up energy prices.

www.bloomberg.com

i'd like to hear how Biden is responsible for global inflation.

I don’t think that MAGA media has told them what to say yet. On no issue is the arrogant ignorance of Trumpism more obvious than economics/markets. Depressing.

 

[healthmyths]

We've bought venezuelan oil for decades regardless of how screwy their government has been for the past 50 years.

FACTS... Geez why don't you use the internet??? Thanks again for showing your ignorance and especially ineptitude!
Stopped importing in July of 2019!! Under Trump!!!

U.S. Imports from Venezuela of Crude Oil and Petroleum Products (Thousand Barrels)

U.S. Imports from Venezuela of Crude Oil and Petroleum Products (Thousand Barrels)

 

[healthmyths]

Just seems so ludicrous that people can't use the Internet when they make "STATEMENTS"! Provide the links and you'll
save embarrassment!

 

[ThomasSowellsFro]

In the first 7 days of his administration Biden did something that had such a gigantic ripple effect that has directly cause inflation to be today at
8.54%!!!! US Inflation Rate

Biden never understood these key points about gas prices!

How Gas Prices Affect the Economy

Although economists may argue about whether gas prices have an effect on the economy, there is a connection between consumer confidence, spending habits and gas prices.

www.investopedia.com

KEY TAKEAWAYS​

• When gas prices rise, it can be a drag on the economy—impacting everything from consumer spending to the price of airline tickets to hiring practices.
• Gas is an important input for transportation, which directly impacts households as they drive, but also businesses that rely on logistics and transportation chains around the globe.
• If discretionary spending is hampered by higher gasoline costs, it can have knock-on effects throughout the broader economy.

Gas is used by almost ALL Americans in different ways but the bottom line is gas prices affect most of us.
For example you may NOT buy gas as you don't have a car. But your mail, your food, your transportation to buy food... all use gas!
In 2021 Americans used in cars, trucks, buses, etc. about 134.83 billion gallons per year! Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)
Gas cost per gallon in Jan 25, 2021 was USA average: $2.392 per gallon.
Gas cost per gallon in May 5, 2022 was USA average: $4.182 per gallon.
Total increase in gas cost $1.79 X 134.83 billion gallons means $241.345 BILLION in gas costs.

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

All because Biden banned to the oil exploration companies exploration on Federal land that provides 24% of our oil/gas!
Now oil companies can continue exploration on land that provides 24% of the nation's oil and gas.

https://crsreports.congress.gov/product/pdf/R/R42432

FACTS... oil exploration costs going up meant gas prices at the pump go up and BIDEN never ever considered that, obviously!
Totally ignorant as to the effect banning exploration on land that provides 24% (more than 36% at one time) of oil production!

Yet gas prices are sky high in every country bwahaha. You have no argument.

 

[Independentthinker]

In the first 7 days of his administration Biden did something that had such a gigantic ripple effect that has directly cause inflation to be today at
8.54%!!!! US Inflation Rate

Biden never understood these key points about gas prices!

How Gas Prices Affect the Economy

Although economists may argue about whether gas prices have an effect on the economy, there is a connection between consumer confidence, spending habits and gas prices.

www.investopedia.com

KEY TAKEAWAYS​

• When gas prices rise, it can be a drag on the economy—impacting everything from consumer spending to the price of airline tickets to hiring practices.
• Gas is an important input for transportation, which directly impacts households as they drive, but also businesses that rely on logistics and transportation chains around the globe.
• If discretionary spending is hampered by higher gasoline costs, it can have knock-on effects throughout the broader economy.

Gas is used by almost ALL Americans in different ways but the bottom line is gas prices affect most of us.
For example you may NOT buy gas as you don't have a car. But your mail, your food, your transportation to buy food... all use gas!
In 2021 Americans used in cars, trucks, buses, etc. about 134.83 billion gallons per year! Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)
Gas cost per gallon in Jan 25, 2021 was USA average: $2.392 per gallon.
Gas cost per gallon in May 5, 2022 was USA average: $4.182 per gallon.
Total increase in gas cost $1.79 X 134.83 billion gallons means $241.345 BILLION in gas costs.

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

All because Biden banned to the oil exploration companies exploration on Federal land that provides 24% of our oil/gas!
Now oil companies can continue exploration on land that provides 24% of the nation's oil and gas.

https://crsreports.congress.gov/product/pdf/R/R42432

FACTS... oil exploration costs going up meant gas prices at the pump go up and BIDEN never ever considered that, obviously!
Totally ignorant as to the effect banning exploration on land that provides 24% (more than 36% at one time) of oil production!

You need to give Biden himself a break. This is the liberal way. This is them and who they are. It's not just Biden in particular. It's all of them.

 

[AntonToo]

In the first 7 days of his administration Biden did something that had such a gigantic ripple effect that has directly cause inflation to be today at
8.54%!!!!

Yep, Biden infected the world with Covid-19 and caused global inflation 7 days into his administration.

!!!!

 

[healthmyths]

Yep, Biden infected the world with Covid-19 and caused global inflation 7 days into his administration.

!!!!

And that is a lie! How stupid are you? Plus where are your links? No where.
I on the other hand have provided proof!
President Joe Biden on his first day in office restored the climate cost estimate to about $51 per ton of carbon dioxide emissions, after President Donald Trump had reduced the figure to $7 or less per ton.
Trump’s estimate included only damages felt in the U.S. versus the global harm previously used by President Barack Obama.

FACT: Biden halts oil, gas leases amid legal fight on climate cost
You tell me how companies would NOT pass this cost on!

 

[healthmyths]

Yet gas prices are sky high in every country bwahaha. You have no argument.

Prove it! Prove to me gas prices are sky high IN EVERY COUNTRY!!!
Prove it! Why are you making dumb ass comments without any proof!
Sky high in Saudi Arabia?

 

[Roudy]

He isn’t running the show. Biden is a senior invalid puppet they medicate heavily and drag out in front of the cameras and is told exactly what to do and say. And even that he can’t do properly.

 

[ThomasSowellsFro]

Prove it! Prove to me gas prices are sky high IN EVERY COUNTRY!!!
Prove it! Why are you making dumb ass comments without any proof!
Sky high in Saudi Arabia?

USA is actually one of the lowest among developed countries.....Thank you Joe! bwahahaha

Gasoline Prices - Countries - List

This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Gasoline Prices.

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