« previous next »
Pages: [1]   Go Down

Author Topic: Why the lower gas prices all of a sudden?  (Read 424 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 386,130
  • Let's Go Brandon!
Why the lower gas prices all of a sudden?
« on: August 08, 2022, 02:03:34 pm »
August 8, 2022
Why the lower gas prices all of a sudden?
By Dennis Dowling

“Right now, a family in America with two cars is saving $100 a month on gas compared to peak prices.  That’s breathing room.  And we’re not letting up any time soon.”  -- President Joe Biden, taking credit for the recent dip in gasoline prices nationwide

Did Biden’s strong action reduce the price of gasoline, as he claims?  Well, not really.

Biden claims that his release of oil from the national strategic petroleum reserve -- added to his discussions with OPEC -- has increased the amount of oil production and thus reduced the price for petroleum feedstock (mainly crude oil) to U.S. refineries.  In actuality, it is the economic slowdown in China -- coupled with the increase in Russian oil getting to market (more, in fact, than the NATO countries expected) -- that has resulted in a greater availability of oil that has brought about a lower gas price.  OPEC did not respond to Biden’s request for increased oil production, and the release of oil from the national reserve is a small quantity on the world market.

more
https://www.americanthinker.com/blog/2022/08/why_the_lower_gas_prices_all_of_a_sudden.html
Logged
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 37,694
Re: Why the lower gas prices all of a sudden?
« Reply #1 on: August 08, 2022, 02:08:22 pm »
Because recessions decrease demand.
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Online Free Vulcan

  • Technical
  • *****
  • Posts: 23,880
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: Why the lower gas prices all of a sudden?
« Reply #2 on: August 08, 2022, 02:24:20 pm »
Simple economics. Price gets too high, people cut back. Less demand, price falls.
Logged
The Republic is lost.

Offline sneakypete

  • Hero Member
  • *****
  • Posts: 52,963
  • Twitter is for Twits
Re: Why the lower gas prices all of a sudden?
« Reply #3 on: August 08, 2022, 03:37:59 pm »
Days a lectiun comin up,and de massas need sum votes!

Day no da peep-pulls will be graitful ifn day lower de gas prizez dat the ebil Replikans raised on dem.
« Last Edit: August 08, 2022, 03:39:48 pm by sneakypete »
Logged
Anyone who isn't paranoid in 2021 just isn't thinking clearly!

Offline DefiantMassRINO

  • Hero Member
  • *****
  • Posts: 10,710
  • Gender: Male
Re: Why the lower gas prices all of a sudden?
« Reply #4 on: August 08, 2022, 03:59:46 pm »
Let's see if we can get through hurricane season without a major disruption in the Gulf of Mexico.

Dems: Gas prices are falling because Joe Biden's policies are forcing evil oil corporations to lower prices.

Repubs:  Gas prices are still to high.
Logged
"It doesn't matter what temperature the room is, it's always room temperature." - Steven Wright

Offline Smokin Joe

  • Hero Member
  • *****
  • Posts: 57,359
  • I was a "conspiracy theorist". Now I'm just right.
Re: Why the lower gas prices all of a sudden?
« Reply #5 on: August 08, 2022, 04:36:52 pm »
Quote from: sneakypete on August 08, 2022, 03:37:59 pm
Days a lectiun comin up,and de massas need sum votes!

Day no da peep-pulls will be graitful ifn day lower de gas prizez dat the ebil Replikans raised on dem.
Exactly. It seems like the price of oil dropping often coincides with elections.
Logged
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline sneakypete

  • Hero Member
  • *****
  • Posts: 52,963
  • Twitter is for Twits
Re: Why the lower gas prices all of a sudden?
« Reply #6 on: August 08, 2022, 05:36:33 pm »
Quote from: Smokin Joe on August 08, 2022, 04:36:52 pm
Exactly. It seems like the price of oil dropping often coincides with elections.

@Smokin Joe

The old "The carrot and the stick" phrase seems to  be appropriate here.
Logged
Anyone who isn't paranoid in 2021 just isn't thinking clearly!

Offline Fishrrman

  • Hero Member
  • *****
  • Posts: 35,932
  • Gender: Male
  • Dumbest member of the forum
Re: Why the lower gas prices all of a sudden?
« Reply #7 on: August 08, 2022, 10:22:18 pm »
Logged
Pages: [1]   Go Up
« previous next »