How's our emergency reserve doing? Thought ol drop out Joe couldn't/ didn't control gas prices and it was those evil rich people who was raising the price ? Or could the drop in gas be supply and demand ? Ya know it's winter few people going on vacation or people are cutting back on unnecessary trips because the cost of living is high... I know I personally don't go home as much as I want so I can maintain my savings goal ..... just saying.
So gas prices are dropping
- Thread starter sammyk
- Start date
Good.....Sheetz was selling 88 octane for 1.96 two weeks ago here in the EP. Why so high in Colorado ?
You might want to take a second look.......Holiday travel weeks are busier than the vacation rush in the summer months. Gas prices almost certainly have raised in November/December because of the "supply/demand".
Great @moe ....now do food prices overall since creepy Joe was installed?
Excerpt
According to financial analyst Karen Petrou, “the bottom 50 percent of American households would need to earn $5,000 more just to buy the same things it could the year before the pandemic.”
Even if there are more jobs than last year and lower inflation, wages have remained relatively stagnant, which also contributes to that pinch. It costs $121 to buy now what cost $100 in 2019.
Source
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He definitely gets credit for his all time low approval ratings, that's for sure.
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2 weeks v 4 months. 1 week for turkey day and a week for the fat man . May go 3 weeks ..... gas prices typically fall in the winter .
I'm not complaining about low gas prices no matter who claims the victory. During trumps years gas was cheaper.
You must understand that gasoline is a very elastic commodity, so a small change in supply and demand can result in a large change in price, up or down. It’s possible that the increasing percentage of EVs in the world are impacting gasoline prices. Also, US oil production is at record highs, adding to worldwide supplies. The US has been buying oil to replenish the SPR while prices are low.
In the winter, we’re required to have a certain percentage of ethanol for air pollution concerns. That raises the price of the fuel.
AAA shows WV prices are higher than CO.
https://gasprices.aaa.com/state-gas-price-averages/
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You realize Biden and his income redistributionist cabal hate rich White males like you? You're not only evil collecting money you didn't earn and don't need any more of since you're already rich, he wants to make sure you're punished with a so called "wealth tax" because all you do is use your filthy capitalist investments to hide paying your "fair share" of income taxes!
You greedy, selfish, evil rich White alpha male! How dare you hoard all that money and try to imitate Hunter by not paying all the taxes you owe at the expense of poor brown illegal immigrants who only want a chance to come to America so they can get half of what you stole from their native homelands by your colonialism, white racist economic plundering, and exploitation!
Do you itemize your tax returns? Greedy, filthy, racist, Capitalist pig!
(see what your own folks think about you?)
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Here.... let me help you out.....More ethanol LOWERS the price....88 octane has 15 %......87 octane regular has 10%. I told you what I recently paid. All the gas prices here in the EP and nearby Virginia are LOWER than all the prices you quoted.
I don't care what the prices are elsewhere in WV.
While you brag about the gains in the stock market? Who do you think is buying those equities, poor illegal immigrants?
Mary, Joseph, and my Lord Jesus you folks on the Left are one mixed bunch of frozen vegetables!
I'm sure if we look hard enough, we could find @sammyk somewhere in here
I think that green bean in the lower right just might be him?
Damn Dude I swear if I read one more post from you "bragging" about how creepy Joe has turned the stock market around my head's going to explode.
I mean just Damn...don't you realize the very folks investing in stocks you're giving Biden credit for are all a bunch of "rich pricks"?
I mean...just damn Bro!!!!!
Wait a minute... didn't he just finish bragging about "pricks" like you who are running up values in the stock market? You should be proud of yourself that he recognizes your financial dexterity helping his creepy corpse of a President overcome his otherwise dismal economic leadership!
@ROCKALFA ...giving that bot @sammyk his props! :stuck_out_tongue_winking_eye:
But if you are using the "supply/demand" then the timespan doesn't matter. The prices should fluctuate based upon the usage. And since Thanksgiving and Christmas weeks are by FAR more heavily traveled than vacation months, the prices shouldn't be going down during the last of November-December. So either the "supply/demand" argument is bogus, and always has been, or something else..........which is it?
You give credit to Trump for low gas prices, not hearing the same now that they have plummeted over .80 cents in my area since October.
Petroleum prices are determined by market forces of supply and demand.
The main components of the retail price of gasoline
The cost of crude oil
Refining costs and profits
Distribution and marketing costs and profits
Taxes
The government doesn't control gasoline prices, but the government does control the taxes that make up a part of the price paid at the pump. Government also controls access to government lands where crude is extracted, and controls the regulations that can affect supply of oil, gas, and gasoline, such as denial of building permits for oil pipelines or the construction of new refineries. Restrictions on supply, when demand remains constant, will result in higher prices. If you're old enough, you may remember the 1970's oil embargo. That was a restriction put upon the US by OPEC. The result of restriction of supply was an immediate jump in prices. I remember my parents sitting in lines or cars to get gas. And the gas available was limited to maybe 5 gallons a car at a time. Gas prices are a result of market forces (supply versus demand), which are affected by government activities.
U.S. presidents have very little control over the price per gallon consumers pay at the pump.
Let’s specifically focus on the spring transition to summer-blend fuel. For two decades, NACS has communicated the issues that affect prices because without an explanation, consumers and/or politicians tend to blame the convenience store as the place that's responsible for their pain. And convenience stores sell 80% of the gas purchased in the United States.
But it’s more complicated than that, and it begins around the coldest time of the year. The first week of February is generally the lowest point of the season, but the spring transition generally leads to a shortage of product when demand begins to increase. These supply-demand imbalances usually lead to price adjustments.
Since the final implementation of the Clean Air Act Amendments in 2000, the seasonal transition to summer-blend fuel has helped gasoline prices rise significantly before they reached their peak, with increases ranging from a low of 1 cent in 2020 (which needs some explanation) to a high of $1.56 per gallon in 2022. The average annual increase is 52.4 cents per gallon.
So, imagine you are running for president. Wouldn’t you want to make that number lower? There have been six presidential elections since 2000. And let’s assume that whether you are president and want to get reelected or help your party to keep the presidency, you’d push every lever at your disposal to minimize price increases. But prices have actually risen even more during these presidential election years: 49.9 vs. 48.5 cents per gallon through 2020. Yes, it’s not a big increase but you’d think that it would be a big decrease if presidents controlled gas prices, right?
What about from a legacy perspective? Can presidents say that they reduced gas prices over their term in office? Nope. Every president since 2000 has left office with gas prices higher than they took office.
www.convenience.org
The main components of the retail price of gasoline
The cost of crude oil
Refining costs and profits
Distribution and marketing costs and profits
Taxes
The government doesn't control gasoline prices, but the government does control the taxes that make up a part of the price paid at the pump. Government also controls access to government lands where crude is extracted, and controls the regulations that can affect supply of oil, gas, and gasoline, such as denial of building permits for oil pipelines or the construction of new refineries. Restrictions on supply, when demand remains constant, will result in higher prices. If you're old enough, you may remember the 1970's oil embargo. That was a restriction put upon the US by OPEC. The result of restriction of supply was an immediate jump in prices. I remember my parents sitting in lines or cars to get gas. And the gas available was limited to maybe 5 gallons a car at a time. Gas prices are a result of market forces (supply versus demand), which are affected by government activities.
U.S. presidents have very little control over the price per gallon consumers pay at the pump.
Let’s specifically focus on the spring transition to summer-blend fuel. For two decades, NACS has communicated the issues that affect prices because without an explanation, consumers and/or politicians tend to blame the convenience store as the place that's responsible for their pain. And convenience stores sell 80% of the gas purchased in the United States.
But it’s more complicated than that, and it begins around the coldest time of the year. The first week of February is generally the lowest point of the season, but the spring transition generally leads to a shortage of product when demand begins to increase. These supply-demand imbalances usually lead to price adjustments.
Since the final implementation of the Clean Air Act Amendments in 2000, the seasonal transition to summer-blend fuel has helped gasoline prices rise significantly before they reached their peak, with increases ranging from a low of 1 cent in 2020 (which needs some explanation) to a high of $1.56 per gallon in 2022. The average annual increase is 52.4 cents per gallon.
So, imagine you are running for president. Wouldn’t you want to make that number lower? There have been six presidential elections since 2000. And let’s assume that whether you are president and want to get reelected or help your party to keep the presidency, you’d push every lever at your disposal to minimize price increases. But prices have actually risen even more during these presidential election years: 49.9 vs. 48.5 cents per gallon through 2020. Yes, it’s not a big increase but you’d think that it would be a big decrease if presidents controlled gas prices, right?
What about from a legacy perspective? Can presidents say that they reduced gas prices over their term in office? Nope. Every president since 2000 has left office with gas prices higher than they took office.
Does the President Control Gas Prices?
Turns out that U.S. presidents have very little control over the price per gallon consumers pay at the pump.
www.convenience.org
Hey creepy Joe, would you rather run against Trump and collect 100 million "record" votes to beat him this time or would you prefer he just be kept off the ballot so he can't humiliate you this time?
I'll tell 'ya, if they can guarantee I'd get 100,000,000 votes after they made sure I got at least 81 million the first time...maybe I'd take my chances?
Well obviously they must not think you can get even half of what they gave you last time creepy Joe because almost no one wants to see you run again. Not even Democrats!
75% of Democrats want someone other than Biden in '24
excerpt:
Twenty-four percent of Democratic and Democratic-leaning voters said they want someone else because they don’t think Biden can win in 2024, up from 18% in a poll conducted in January and February. Thirty-two percent feel that way because they don’t want Biden to be reelected, up from 16% earlier this year. Twenty-five percent said they prefer Biden as the nominee, which is a steep drop from 45% in January/February.
Well, let's just see exactly how many fake votes they can manufacture for me and maybe I'll at least have a chance 'ya think?
Sure creepy Joe...why not? I mean it worked once for 'ya didn't it?
I'll tell 'ya, if they can guarantee I'd get 100,000,000 votes after they made sure I got at least 81 million the first time...maybe I'd take my chances?
Well obviously they must not think you can get even half of what they gave you last time creepy Joe because almost no one wants to see you run again. Not even Democrats!
75% of Democrats want someone other than Biden in '24
excerpt:
Twenty-four percent of Democratic and Democratic-leaning voters said they want someone else because they don’t think Biden can win in 2024, up from 18% in a poll conducted in January and February. Thirty-two percent feel that way because they don’t want Biden to be reelected, up from 16% earlier this year. Twenty-five percent said they prefer Biden as the nominee, which is a steep drop from 45% in January/February.
Well, let's just see exactly how many fake votes they can manufacture for me and maybe I'll at least have a chance 'ya think?
Sure creepy Joe...why not? I mean it worked once for 'ya didn't it?
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Well damn, I mean just damn creepy Joe! Think about it? 81 million votes...an all time record in the history of the Republic! No one, at any time, anywhere, in any race ever got as many votes as you allegedly did in '20! Now here we are roughly three years later, and almost no one wants to see you running again! If that weren't bad enough, the guy you allegedly beat with your "record" vote generating scheme would absolutely clean your clock today if you two squared off again!
How do you explain that creepy Joe?
Gosh if I could answer that I probably wouldn't even be running again?
Maybe folks have seen enough and that's why no one wants you running again? Ever think about that huh creepy Joe?
Yes!
How do you explain that creepy Joe?
Gosh if I could answer that I probably wouldn't even be running again?
Maybe folks have seen enough and that's why no one wants you running again? Ever think about that huh creepy Joe?
Yes!
Congratulations...
To a socialists such as he, working for the American dream makes you a rich prick.
@WVUALLEN
Explained it better than I can .
As I said I don't care who is in office as long as gas is cheap.
If we get our own oil and not buy others than we are better off . We have lost way to many refineries in this country over the last decade or so .
You can thank Biden for emptying all of our reserve oil. Let's pray we don't have to go to war.
Not every American uses drugs. The majority of us who don't use illegal narcotics have a right to expect the country's borders to NOT be overrun with illegal drug smugglers and human sex traffickers! Maybe we need to vote for someone who will keep his oath to protect and defend this country instead of Ukraine?
I'll do it
We know you will DJT...America first Baby! [thumbsup]
You should stop using drugs. There told one. Now take your *** back across the border.
That’s a stupid!You realize Biden and his income redistributionist cabal hate rich White males like you? You're not only evil collecting money you didn't earn and don't need any more of since you're already rich, he wants to make sure you're punished with a so called "wealth tax" because all you do is use your filthy capitalist investments to hide paying your "fair share" of income taxes!
You greedy, selfish, evil rich White alpha male! How dare you hoard all that money and try to imitate Hunter by not paying all the taxes you owe at the expense of poor brown illegal immigrants who only want a chance to come to America so they can get half of what you stole from their native homelands by your colonialism, white racist economic plundering, and exploitation!
Do you itemize your tax returns? Greedy, filthy, racist, Capitalist pig!
(see what your own folks think about you?)
Explain this then?
excerpt:
The Biden administration's agenda includes two policy proposals: a new tax on billionaires and the sharp increase of a current tax on corporate stock buybacks. "The idea is to have a commitment to reducing inequality," Reuven Avi-Yonah, a law professor at the University of Michigan who focuses on corporate taxes, told ABC News. "There's no indication that the increase in inequality is stopping anytime soon and something should be done about it, so the Democrats say."
...more
"The Biden administration has offered scant details about the proposal, but it appears to closely resemble a policy that Biden put forward last March. At that time, he called for a tax rate of at least 20% on Americans who bring in at least $100 million per year. In addition to the billionaire's tax, Biden proposed a sharp increase of a current tax on corporate stock buybacks. Companies opt to purchase shares of their own stock as a means of returning money to shareholders, since the move typically raises the price of shares. The tax rate would apply both to income and unrealized gains, a measure of the value a person's unsold investments have accumulated."
...and the White House says: ""President Biden is a capitalist and believes that anyone should be able to become a millionaire or a billionaire," he also believes that it is wrong for America to have a tax code that results in America's wealthiest households paying a lower tax rate than working families." (these are the "investors" driving the recent stock market gains btw)
So you Leftists on the one hand crow about "record stock market gains" and try to give Biden credit for it, while he's saying it's those same wealthy investors who are driving "inequality" & they must be punished through confiscatory taxation.
(except his Son of course)Why?
You won't explain it, but you will vote for it. That's why I say you folks are nothing but a mixed bag of frozen vegetables. See yourself in there?
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Last year on Dec 20 the price of gas in downtown Charleston was 2.99 a gallon. Yesterday it was 2.92
Gas is usually cheaper at Christmas because the winter blend is cheaper than summer gas.
So it’s not the fault or credit to any president it’s just the price of the market who drives this. Hmmm who knew
Then why did you ask if Biden should get any credit? (His poor policies did cause prices to rise btw)