The Trump Card...

ATeam

Senior Member
Retired Expediter
There are a bunch of people who like to oversimplify the credit and blame game by using gas prices for a given period to make their points. I think a rational, objective look at the relationship between gas prices and presidents shows that there is a lot more to gas pricing than who happens to occupy the White House.

The link below shows a chart illustrating gas prices for some administrations. I'd love to find a similar chart that shows gas prices since cars became the dominate form of transportation, with overlays for times of recession and expansion, and overlays showing the presidents in office.

 
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Pilgrim

Veteran Expediter
Retired Expediter
Here are some important parts of Biden's energy policy that turned out to be especially critical at this point in time:
  • Cancelled the Keystone XL Pipeline his first day in office
  • Put a moratorium on oil leasing on federal land
  • Cancelled Trump-era oil leases in Alaska
Meanwhile, oil imports from Russia almost TRIPLED IN 2021 according to the US Dept of Energy.

Consider how important our increased capacity to produce and export oil and liquefied natural gas would be to replace Russia as the primary energy supplier to our European allies right now.
 

muttly

Veteran Expediter
Retired Expediter
Here are some important parts of Biden's energy policy that turned out to be especially critical at this point in time:
  • Cancelled the Keystone XL Pipeline his first day in office
  • Put a moratorium on oil leasing on federal land
  • Cancelled Trump-era oil leases in Alaska
Meanwhile, oil imports from Russia almost TRIPLED IN 2021 according to the US Dept of Energy.

Consider how important our increased capacity to produce and export oil and liquefied natural gas would be to replace Russia as the primary energy supplier to our European allies right now.
It created less flexibility and also highlights the lack of foresight by the Biden Administration.
 

RLENT

Veteran Expediter
Meanwhile, oil imports from Russia almost TRIPLED IN 2021 according to the US Dept of Energy.

Yeah, no ... near as I can tell that claim appears to trace back to a couple of (Russian) guys who work for a Russian energy outfit: globalergyprize dot org (Big Surprise ... NOT)

The US Energy Information Agency - the government agency responsible for tracking such things - says otherwise:

Screen Shot 2022-02-25 at 13.00.15.png

Link to the EIA statistics:

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

Comparing the first 11 months of 2020 to the first 11 months of 2021 (November 2021 is the latest month they list) we find that:

The 11 month 2020 imports of all Russian petroleum products were 184,822,000 barrels ... versus ...

The 11 month 2021 imports of all Russian petroleum products that were 232,625,000 barrels.

That about a 25% increase and is nowhere near utterly farcical and hilarious "... BUT THE TRIPLING !!! ..." that you claim.

You appear to have gotten got suckered (likely yet again) by (likely Russian) misinformation.

Nonetheless President Vladimir thanks you for your efforts on behalf of the fatherland.

Personally, I would suggest that if you visited the website I listed first above (but deliberately did not link) you might want to check your devices for Russian malware.
 
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muttly

Veteran Expediter
Retired Expediter
No wonder you're so confused: got it precisely backwards.

It should have been:

"Well let's see ... low gas prices start to rise ... trump leaves office."

Gas Station Price Charts - Local & National Historical Average Trends - GasBuddy.com
Oh please. Trump kept gas prices low and well under 3 dollars( never averaged above 3 dollars) throughout his four years as President.
Under Biden, gas prices have averaged above and way above 3 dollars for a large majority of his time in office. And for the last several months prices have been steeply climbing.
 
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Pilgrim

Veteran Expediter
Retired Expediter
Another pointless meme that contributes nothing to the discussion. But for those who think they're smarter than everybody else, consider this: Keystone XL is projected to contribute 850,000 BPD of oil to American production. Without that, we're currently we're buying about 500,000 BPD from Russia. And that doesn't count the oil from Biden's cancelled leases and Alaskan production. Get somebody to do the math for you. Would that effect gas prices?
 
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