Still think the President doesn't affect gas prices???

Poll - Total Votes: 12

This makes sense why gas prices started to rise on inauguration day

I don't care. It's still not his fault

You can only vote on one answer.

Adopting new EPA oil and gas rules

In November 2021, the Environmental Protection Agency announced new regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year.

Last spring, Biden signed a resolution that overturned Trump administration reforms to EPA oil and gas rules. This resolution will worsen energy poverty, reestablish burdensome regulations, and have a disproportionate impact on small businesses.

One of Biden’s first actions after taking office was to halt new oil and gas leases on federal lands and waters, the Biden administration has delayed decisions on these leases — a move that results in higher energy costs for the most vulnerable consumers.

https://americansforprosperity.org/biden-policies-raising-gas-prices/

inauguration

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CountScrofula · 41-45, M

Why are gas prices high in Canada tho

iamonfire696 · 41-45, F

@CountScrofula this! Tell me how Joe Biden made gas prices high worldwide?

Dainbramadge · 56-60, M

@CountScrofula
It’s true that when the price of oil rises, oil companies make more money. However, producing companies don’t set the price of oil, the free global market does. And that carries through to fuel retailers, which are subject to considerable competition for your gasoline dollar and set prices accordingly.

https://energynow.ca/2022/03/why-are-gasoline-prices-in-canada-going-up/

Dainbramadge · 56-60, M

@iamonfire696 This is one reason.

Three Factors Traders Use To Determine Oil Prices

There are three main factors that commodities traders look at when developing the bids that influence oil prices. These are the current supply, future supply, and expected demand.

When Russia, one of the top producers and exporters of oil in the world, invaded Ukraine in February 2022, oil prices raised to their highest levels since 2014. Russia was hit with a number of sanctions from the international community, causing future supply to decrease.

https://www.thebalance.com/how-are-oil-prices-determined-3305650

windinhishair · 61-69, M

@Dainbramadge Did Biden invade Ukraine and cause global gas prices to rise? You just said (correctly) that the free global market determines prices.

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iamonfire696 · 41-45, F

@LvChris I am not sure if this is satire 🧐

Dainbramadge · 56-60, M

@windinhishair You seriously haven't noticed the hike until the Ukraine???

CountScrofula · 41-45, M

@iamonfire696 He's erasing us. Get the bears.

iamonfire696 · 41-45, F

@Dainbramadge gas has been going up in canada before Ukraine. How did Joe Biden do that?

basilfawlty89 · 31-35, M

@iamonfire696 don't you get it?! It's done by our God, THE INVISIBLE HAND. ALL HAIL TO HIM, MAY HIS GOLDEN FLUIDS TRICKLE DOWN!

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