President O'Biden

Pilgrim

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$3.65 lol. Like that’s good or something. Trump kept gas prices below 3 dollars for the duration on his Presidency.

No, he didn't.
Yes, he did.

Avg. annual gas prices:
2017 - $2.47
2018 - $2.79
2019 - $2.70
2020 - $2.24
2021 - $3.28 (Biden sworn in Jan 20, 2021)


Fast forward to 2022: $4.24
 
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Pilgrim

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Because right now most of that oil goes by rail car to refineries in the mid west, when the pipeline is in operation, it would go to the gulf coast so it could be refined and then loaded onto ships to be taken to where they can get more money for it.
No, it would not all go to the gulf coast. Keystone XL would link to the existing Keystone pipeline network in Nebraska sending additional oil to refineries in the midwest, OK and TX, in addition to the gulf coast for export. (see map in linked article). Biden's decision will result in the Alberta oil being re-routed to the Canadian west coast for export to China.

 

coalminer

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No, it would not all go to the gulf coast. Keystone XL would link to the existing Keystone pipeline network in Nebraska sending additional oil to refineries in the midwest, OK and TX, in addition to the gulf coast for export. (see map in linked article). Biden's decision will result in the Alberta oil being re-routed to the Canadian west coast for export to China.

And the assumptions in that article were probably correct at the time that article was written, with the exception of the fact that the refineries on the west coast are not equipped to deal with the heavy oil that comes from the tar sands, but the refineries on the gulf coast are.

But now the war in Ukraine and everyone trying to wean themselves off Russian oil, that changes the entire market.
 

Ragman

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Yes, he did.

Avg. annual gas prices:
2017 - $2.47
2018 - $2.79
2019 - $2.70
2020 - $2.24
2021 - $3.28 (Biden sworn in Jan 20, 2021)


Fast forward to 2022: $4.24
No, he didn't..... Ask any economist, a president has very, very little, if any, effect on the price of gas. ....
 

danthewolf00

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No, he didn't..... Ask any economist, a president has very, very little, if any, effect on the price of gas. ....
Then explain the hugh difference in prices....the policymaking a president does affects everything....or they would not try to blame Putin over gas prices that were up BEFORE the war started.
 
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danthewolf00

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I call it Hillaryism blaming everyone but them selfs for the problems they created......now mix it with trump derangement syndrome and poof your a left wing extreme liberal Democrat.
 
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Ragman

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Then explain the hugh difference in prices....the policymaking a president does affects everything....or they would not try to blame Putin over gas prices that were up BEFORE the war started.
Oil is a global commodity with prices based on global events.
#econonics 101
 
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muttly

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No, he didn't..... Ask any economist, a president has very, very little, if any, effect on the price of gas. ....
So it was just a coincidence that when he Trump was in office gas prices were low. And also a coincidence since Biden has been President gas prices have been very high.
Got it, just a coincidence.
 
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LDB

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If you are a leftist koolaid consumer the president has zero effect on gas prices, or anything else. If you are a clear minded person you know the president can and does have a 10%-20% effect on fuel prices and so many other things.
 

Ragman

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If you are a leftist koolaid consumer the president has zero effect on gas prices, or anything else. If you are a clear minded person you know the president can and does have a 10%-20% effect on fuel prices and so many other things.
That would account for what, maybe 20 - 25 ¢ increase in price. The rest... Global events. # economics 101
And you know this.,.
 
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LDB

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That would account for what, maybe 20 - 25 ¢ increase in price. The rest... Global events. # economics 101
And you know this.,.
35/40c to 75/80c not a quarter or less, but that's really something you even bidding a quarter, now that you've gone full blown Ragman again.
 
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Ragman

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When me and Jethro took ciphering we learnt 10% of $3.50-$4.00 was 35/40 cents and 20% of same was 70/80 cents. As usual, it's leftist math that doesn't add up.
At an increase of one dollar, 20% is twenty cents. Ya can't count the original price. Oh yeah, I forgot , right wing math.

#economics 101
 
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Pilgrim

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No, he didn't..... Ask any economist, a president has very, very little, if any, effect on the price of gas. ....
That might be true if a POTUS doesn't meddle with the energy producers' ability to produce unencumbered by excessive govt regulations and legal barriers. Biden did exactly that on his first day in office by cancelling Keystone XL while giving approval to Russia's Nordstream 2, reactivating regulations that Trump had killed, limiting leases and permits, limiting fracking, etc. Combine that with the inflationary policies being enacted by the Biden White House that poured excessive stimulus money into the economy which resulted in "too many dollars chasing too few goods" - a phrase heard often lately by many economists explaining the imbalance of supply and demand (economics 101). Together these two factors originating in the White House have given us what we have today: $4.24/gallon gasoline.
 

danthewolf00

Veteran Expediter
At an increase of one dollar, 20% is twenty cents. Ya can't count the original price. Oh yeah, I forgot , right wing math.

#economics 101
Add in the taxes which can vary from state to state.....but oh wait the Democrats want you to go full on electric car.....then expect your electricity rates to climb like never before.....because you know supply and demand.
 
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