Let's settle this once and for all. Does the president control gas prices?
Let's settle this once and for all. Does the president control gas prices?
Ethan Gomez
Ryan Jackson
Not directly. But actions have consequences. I get the feeling that a lot of posters on here were to young to remember 9/11. For days after everyone was panic buying gas. Prices shot up quickly. They blamed the attacks for the sudden surge in prices, even though Afghanistan has nothing to do with our oil production. Biden's move to shut down the XL Pipeline and the sanctions on Russia aren't really having that big of an impact on the gas prices right now. This is just the oil companies cashing in because they know people are freaking out, and panic buying gasoline. The prices are high because they know you'll pay them. Nothing new is happening right now. It's all the fear mongering, finger pointing, retarded bullshit that's been happening for the last 15 years or so.
Samuel White
President of what? The president of Exxon?
Grayson Lewis
Saudi Arabia ultimately controls gas prices.
Presidents can negotiate with the Saudis to move prices.
The Saudis are refusing to even take Biden's calls.
Isaiah Wood
No. Otherwise the prices would never go up.
Asher Allen
No, but his policies do and did
Daniel Nelson
>shut down keystone pipeline
>refuse russian oil
100% bidens fault. he can easily say "i will reopen the pipeline for 6 months, or until the russia-ukraine conflict is over", but he wont, cause he is a jew puppet.
Aaron Lopez
No man. It's largely a global supply and demand issue. That's why prices went up across the globe recently, even in countries that use little to no Russian oil at all. That's because the countries that did rely heavily on it can't anymore, so they must consume from other sources, thereby increasing demand for those sources and limiting supply, driving up prices. Treating this like it's an American problem to smear Biden because you don't like him is disingenuous as fuck
Andrew Moore
Why would the jews want to increase America's dependencey on Saudi Arabia's oil? They're a massive Muslim country, and muzzies hate jews.
Bentley Myers
Braindead Republican Rules
If the president is a Dem and gas prices are high, then yes
If the president is a Dem and gas prices are low, then no
If the president is a Republican and gas prices are high, then no
If the president is a Republican and gas prices are low, then yes
Noah Peterson
The president of the gas company does, and republicans give him subsidies and tax breaks every chance they get while he rapes us.
Jonathan Scott
I don't really agree with the Jew boogieman but liberals hate anything that isn't sucking the dick of other countries. Can we buy more oil from Canada? No, we need to fund pipelines in Russia/Europe and import from the middle east
John Roberts
Nailed it.
Camden Diaz
The US used to supply oil to alot of the countries who are hurting right now plus had enough for our own but all that got shut down in 1 year.
Whos fault is that? OPEC? Russia?
Anthony Smith
Of your typical gallon of gas price, whatever the price is, the money is split between a lot of people (oil company drilling for it, service station selling it, tax for government, etc). Of all the people that get a piece from that gallon, government ultimately gets the biggest cut, not directly from you purchase (which is about $19 cents per gallon federally), but because they also tax everyone in between you and the source. You pay that federal tax at the pump, you also pay state tax at the pump, the service station is taxed on the fuel purchase before reselling it to you, the oil is taxed as an import (since most come from outside the US), and the oil companies are taxed/charged through various regulation, code, and guideline that must be maintained so they're allowed to sell.
Cutting taxation/regulation across the board would help a lot, which the president/congress could do.
Beyond that there is simple supply and demand, if there is less oil produced/available (like shutting down the Keystone pipeline, cutting off Russian oil, etc) with no change in demand then price spike. Forcing people to alt-energy is shit because most electricity is produced at places that burn fossil fuels to make it.
The president could deregulate a fucking lot (approve Keystone, offshore drilling, etc) to increase the local supply and help a lot. This is also a much cheaper and safer supply because the oil isn't imported, thereby bypassing the expense of transportation and import taxes/tariffs. An oil that cost less to get/produce can be sold far cheaper.
Thus the president does not solely or directly control gas prices, but he does have the greatest influence on it. Case in point is Trump was doing those things and we got gas under $2 a gallon; Biden is shitting over all those things and we got $4+ a gallon.
Aaron Morris
What got shut down? The 8% completed export pipeline?
Ian Allen
No, but he should sign an executive order anyway and try to raise gas prices to $10 a gallon.
Levi Hernandez
We could just reopen drilling in Alaska and be totally fine.
Jayden King
how DARE you contradict the most holy Fox News narrative!
Luis Thomas
Alaska
Pretty much all fracking
The pipeline that was on schedule to be completed by now.
Go read his exec. order using the Wash. Post who shills for Biden whenever possible is pretty lazy user.
William Sanchez
Additionally, all the gas you buy at some point was delivered to the station by a tanker truck. That truck needs gas (diesel) to deliver it. If the fuel cost doubles, it's doubles that cost for the truck to deliver it, making the fuel more expensive to get.
All this is purely in reference to fuel pricing, but oil is used for a fucking of shit of which you have no idea. Oil was used in making 80% of everything around you right now, and 100% of it involved oil somehow. If it didn't need oil to be produced, it still did to get to you.
Thomas Butler
Keystone pipeline is a pipeline from Canada to the Gulf of Mexico so Canada can ship its gas to Europe and Africa. This wouldn't make any difference in gas prices to US citizens.
Owen Russell
You tell me.