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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Spoiledbrat · F

Well we have our own resources. He cut the pipeline deal. That's how🤔

Dainbramadge · 56-60, M

@Spoiledbrat 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.
The pipeline deal was all about future supply among a few others.

Roadsterrider · 56-60, M

@Dainbramadge So, did shutting down the Keystone XL pipeline that would have brought 800,000 barrels a day from Canada impact the futures market? It seems to me that futures in oil would have been lower expecting the market to have an additional 800k barrels of oil in the market shortly. Biden shut it down on day one in office. Day 2 saw increases in oil prices. "Joe did that."

Dainbramadge · 56-60, M

@Roadsterrider Yeah that was what I was trying to show here with the two things I quoted.
The president makes life hard on oil and Stock holders then make life hard on everyone else.