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In "Free Markets," sometimes prices go up.

In "Free Markets," sometimes prices go up. | A GALLON OF GAS COST $2.14 IN OBAMA'S LAST YEAR. WAS OBAMA PRO-GAS AND TRUMP ANTI-GAS?  NO. WORLD MARKET CONDITIONS DRIVE THE COST OF GAS AT THE PUMP. A GALLON OF GAS COST $2.72, ABOUT 25% MORE, BY THE END OF TRUMP'S FIRST YEAR. | image tagged in politics | made w/ Imgflip meme maker
168 views 6 upvotes Made by LarryCaird 3 years ago in politics
10 Comments
3 ups, 3y,
1 reply
Republicans' feelings don't care about your facts.
[deleted]
2 ups, 3y,
1 reply
Wonder how many barrels would be flowing in the XL pipeline if veggie man hadn’t shut it down. The more supply at home, the less we depend on the other guys.
1 up, 3y
I am not an anti-XL Pipeline guy. But a few facts might be helpful. The XL pipeline was being built to transport Canadian tar-sands to a refinery in Louisiana. The end product would be shipped overseas. Currently these tar sands are shipped by a combination of pipelines and rail. So, closing down the pipeline construction did nothing to the number of products available. It just kept transporting the crude at a rate that costs pennies per barrel more.
1 up, 3y,
1 reply
Average price of gas in January of 2017 was 2.32*
Average price of gas in January of 2018 was $2.52*
Average price of gas in January of 2019 was $1.94* thanks to Trumps energy policies fianlly taking hold
Average price of gas in January of 2020 was $2.50*

Average price of gas today, Dec 11,2021 is $3.34* thanks to Biden's energy policies taking hold

* according to U.S. Energy Information Administration
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMR_PTE_NUS_DPG&f=W
1 up, 3y,
1 reply
"U.S. regular retail gasoline prices averaged $2.60 per gallon (gal) in 2019, 11 cents/gal (4%) lower than in 2018. Gasoline prices rose steadily during the first quarter of the year, rising from $2.24 on January 7 to $2.90/gal on May 6." From the U.S. Energy Information publication "Today in Energy" published January 8, 2020. Energy prices tend to fluctuate based on the crude market. One could say gas cost $2.24 a gallon or $2.90 a gallon in 2019, and not lie.

I wanted the prices I chose to be fair representations of similar market conditions. Trump took office after most of January had elapsed. So I chose February as the month I would use to compare prices. Still the $1.94 a gallon that you report appears to be a lowest price in a survey, probably in South Carolina, rather than a National Average. That is called "gaming," the numbers.
0 ups, 3y,
1 reply
I got the numbers from the US Energy Information Administration. So the US govt is gaming the numbers…the same govt that you trust to proscecute “insurrectionists” and mandate endless Covid-19 vaccinations?
1 up, 3y,
1 reply
I gave you the publication name and date, for verification purposes. Would you please tell me which of their many publications and the date of issue lists the "average price," of US gas at $1.94 a gallon in January 2019?
0 ups, 3y
Look at previous comment…posted link there
0 ups, 3y,
1 reply
It's all fun and games until you realize you have to adjust the price for inflation ;-) but that's okay if the left was good at math they wouldn't have anything to complain about
1 up, 3y
Increased demand at the end of the Covid shutdowns, coupled with decreased supply, impacted also by Covid and cheap money from the Fed are the most likely causes of inflation. The Fed has already signaled an end to cheap money. That and making billionaires pay their fair share of taxes should cool inflation. We should see the results next year as the 2022 election cycle hits full speed.
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A GALLON OF GAS COST $2.14 IN OBAMA'S LAST YEAR. WAS OBAMA PRO-GAS AND TRUMP ANTI-GAS? NO. WORLD MARKET CONDITIONS DRIVE THE COST OF GAS AT THE PUMP. A GALLON OF GAS COST $2.72, ABOUT 25% MORE, BY THE END OF TRUMP'S FIRST YEAR.