5800 gas stations across the country have dropped the price of gasoline to 3.99 a gallon.

So does the president have any influence on gas prices or not? When it’s highest all time then Biden is not responsible but the Almighty opens his mouth “asking” for gas prices to be lower and we get threads full of made up crap about how he’s the best president ever 

Quote Originally Posted by BWS77:

Paid $2.94 today, been dropping consistently for weeks!

Terrific! 

Interesting too how when the gas prices were rising (around the world, due almost entirely to 3 global events outside of US control) the MAGA morons were blaming Joe Biden and more broadly the democrats via implication.  Day after day and week after week they were WAILING about high gas prices here in America (while simultaneously ignoring it was rising all over the globe) and directly blaming Joe Biden.  

EVERY freakn DAY!  The republican candidates in various state and federal races kept pounding out the rhetoric making it clear they wanted voters to believe Joe Biden & the democrats were responsible for gas prices and rising inflation - which is directly affected by the gas prices.

According to them Biden & the Democrats are responsible for it all! That's all we heard for MONTHS!!

But then,

in small part due to Biden taking action to release strategic oil reserves, the gas prices in America begin dropping - steadily - week after week, this autumn.

Another 41 cents per gallon drop in the past month!  

Now as low as $2.94/gallon!

...But not a freakn word from those same partisan, Dem-bashing MAGA MORONS on conservative websites, cable news, social media and midterm election races.

Just   c r i c k e  t s ............and the occasional sound of wind blowing a tumbleweed across the screen......

Ask the guys who keep putting the "I Did That" Biden stickers on gas pumps.  They believe he was responsible for high prices (even though he wasn't), so then wouldn't their thinking believe that he is responsible for the lower prices (even though he's not)?

[Quote: Originally Posted by baish2012]Quote Originally Posted by BWS77:

Paid $2.94 today, been dropping consistently for weeks[/Quote

Down again this week! 

Quote Originally Posted by Zeus4par:

  Quote Originally Posted by BWS77:     Paid $2.94 today, been dropping consistently for weeks

 

 

Down again this week!

i felt the difference filling up yesterday ! 

president biden   

Both extremes on this topic are just absurd, Biden isnt responsible for what OPEC does and if anyone is to blame for US production its the frackers who overleveraged got caught, then had to close down and now cant get that cheap FED cash to produce more with free financing.

WASHINGTON (AP) — The Biden administration said Friday
it is buying 3 million barrels of oil to begin to replenish U.S.
strategic reserves that officials drained earlier this year in a
bid to stop gasoline prices from rising amid production cuts
by OPEC and a ban on Russian oil imports.

Same here as well

I don't much care WHERE we buy it from either, as long as it is cheap, and not directly helping the fascist Russian war machine.

This is important to get underway asap!

Continued stalemate continue the n the dynbas region of eastern Ukraine.

Separatists have been engaged in active civil war since 2014. As Russian armor remasses at the borders. 

The wheat commodity is rising under record harvest of Russian an American sources in grain has created a perceived shortages experienced in the conflict.

As the war continues energy and grain food should continue to inflate in export costs.

Ukraine enduring a full scale three year conflict will reduce the country to Iraq outside of the green zone.....

Negotiations will convene to end this crisis. 

In global food needs. And perceived demands due to inclination in adverse weather patterns in other key argicultural centered economies....

Gasoline prices are on the rise again, after falling from a record high in 2022—a surge caused by a global oil crisis that was prompted by the war in Ukraine. Thursday's national average for retail gas is $3.29 a gallon, up 13 cents from $3.16 a week ago.

A combination of national and local factors—including last month's cold snap and the end of tax relief—appears to be driving the rise, in addition to the knock-on effect from post-Christmas travel.

The blizzard and cold snap that swept the country brought extremely cold temperatures to the Gulf Coast, causing the temporary closure of oil refineries in the region—"refineries as far south as Texas and the Gulf Coast were affected, and some still are at this point," 

   Of course Joe Biden and Kamala Harris will be blamed for this.

experts r sayng that there is likely a silver lining if we have a recession in 2023 :: pump prices likely to make a significant drop

since our pump prices contribute bigly to inflation ,this means inflation likely to drop some at least as pump prices drop even further than they have been the past 5 months   

cue the whiners

WASHINGTON (AP) — The Biden administration said Friday
it is buying 3 million barrels of oil to begin to replenish U.S.
strategic reserves that officials drained earlier this year in a
bid to stop gasoline prices from rising amid production cuts
by OPEC and a ban on Russian oil imports.

THE REAL TRUTH;

https://www.bloomberg.com/news/articles/2022-09-13/biden-may-buy-oil-just-below-80-democrats-stymied-trump-at-24

Schumer and Dems stop Trump from filling Strategic Reserves when oil was $24 a barrel claiming it was an BAILOUT FOR BIG OIL.

Now Biden will pay $80+ to do the same thing.

Dumbasses!

Dozens of House Democrats joined Republicans on Thursday to pass legislation that would prevent the Biden administration from selling any more oil from the Strategic Petroleum Reserve (SPR) to China or Chinese owned companies.

The House easily passed the bill in an 331-97 vote. Every Republican voted for it, and 113 Democrats – more than half of the House Democratic caucus – joined the GOP.

Right on cue

Still that is encouraging economic news and likely why so many experts now believe that even if there was a recession it would be very mild.

Many aren't convinced there will be one.

In 2015, congress repealed 40-year-old ban on selling oil from strategic reserves to other countries.  According to Axios, US energy department report that Trump administration sold oil from strategic reserves to PetroChina.  In 2022, strategic reserve oil sold to China represents 2% of all US oil sold to China.  So new ban won't prevent 98% of US oil sold to China.

Energy industry analysts are puzzled why selling oil to China is controversial.  Since oil is an international commodity, what matters for price is how much there is.  Where oil goes is irrelevant.   Biden administration lowers prices by selling oil to US companies.  Not illegal for them to re-sell that oil to highest bidders.   While some oil ends up with other countries, the impact on US economy should be the same.  So there should be no reason for outrage.