Personal opinion and observation

iarwain

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The biggest thing is my gas prices. I use and average of 45 gallons a week between two cars.
The thing to remember is that gas prices affects everything. As gas prices go up, the cost of transportation and shipping goes up, so the cost of groceries and other consumer goods go up, which means the cost of living goes up. Inflation, or even worse, hyperinflation, is one of the worst things that can happen to your 401k and retirement.
 
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The Barbarian

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I get it. They're saying that Biden's efforts to counter the pandemic will, if he succeeds, raise gasolne prices. In that view, Trump was a genius for allowing the pandemic to get out of hand; he lowered gasoline prices.
 
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hislegacy

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I get it. They're saying that Biden's efforts to counter the pandemic will, if he succeeds, raise gasolne prices. In that view, Trump was a genius for allowing the pandemic to get out of hand; he lowered gasoline prices.

That is like saying joe shutting down the Keystone pipeline helped the pandemic.

Can people not handle one issue and not obfuscate things?
 
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The Barbarian

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That is like saying joe shutting down the Keystone pipeline helped the pandemic.

Let's look at that reasoning... (and assume that pipeline could have changed the supply of gasoline)
Trump botched the pandemic response, making it worse.
Rain fell on my garden making the soil moist

Things shut down as a result, with fewer people driving, using less gas.
As a result, my tomatoes grew faster

Gas prices declined.
I had lots of tomatoes.

Therefore:
If the pipeline was continued, the pandemic would be worse.

If I have lots of tomatoes, that will cause it to rain.
 
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hislegacy

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Let's look at that reasoning... (and assume that pipeline could have changed the supply of gasoline)
Trump botched the pandemic response, making it worse.
Rain fell on my garden making the soil moist

Things shut down as a result, with fewer people driving, using less gas.
As a result, my tomatoes grew faster

Gas prices declined.
I had lots of tomatoes.

Therefore:
If the pipeline was continued, the pandemic would be worse.

If I have lots of tomatoes, that will cause it to rain.

have nothing to say.

I have not had the ability to use that type of reasoning since I quit drinking heavily
 
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The Barbarian

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I have not had the ability to use that type of reasoning since I quit drinking heavily

It's a common thing in humans, not just you. There are people who seriously think that washing their car will cause it to rain.
 
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The Barbarian

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Friday March 19th i paid $2.77 for real gas ( not the corn added junk). Now on Monday March 22nd i paid $2.89 a gallon

As the economy opens up, and more people travel, expect gasoline prices to rise. Did you really think they would stay low when demand went up?
 
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hislegacy

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As the economy opens up, and more people travel, expect gasoline prices to rise. Did you really think they would stay low when demand went up?

In 2019, When the economy was at the best we have seen in 40 or so years, when unemployment was at a record low, the price of gas dropped.
 
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The Barbarian

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In 2019, When the economy was at the best we have seen in 40 or so years, when unemployment was at a record low, the price of gas dropped.

Yes. For the same reason the price is now rising:

Oil Falls As U.S. Gasoline Supplies Rise by Most Since January

December 10, 2019, 5:26 PM CST
Oil Falls As U.S. Gasoline Supplies Rise by Most Since January

This year...

U.S. oil wells, refineries shut as winter storm hits energy sector
Published Mon, Feb 15 20212:06 PM EST
https://www.cnbc.com/2021/02/15/oil...s-energy-industry-reels-from-deep-freeze.html

That's how it works. Rise in supply and or drop in demand brings down prices. Drop in supply and/or rise in demand brings prices up. At most, Biden might affect prices a bit by the stimulus; if people can pay the rent, they might be inclined to also buy gasoline or more of it. That's the point of a stimulus.
 
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hislegacy

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Your original post I responded to:

As the economy opens up, and more people travel, expect gasoline prices to rise. Did you really think they would stay low when demand went up?

You responded with

Yes. For the same reason the price is now rising:
Oil Falls As U.S. Gasoline Supplies Rise by Most Since January
December 10, 2019, 5:26 PM CST
Oil Falls As U.S. Gasoline Supplies Rise by Most Since January

This year...

U.S. oil wells, refineries shut as winter storm hits energy sector
Published Mon, Feb 15 20212:06 PM EST
https://www.cnbc.com/2021/02/15/oil-refineries-shut-as-texas-energy-industry-reels-from-deep-freeze.html

That's how it works. Rise in supply and or drop in demand brings down prices. Drop in supply and/or rise in demand brings prices up. At most, Biden might affect prices a bit by the stimulus; if people can pay the rent, they might be inclined to also buy gasoline or more of it. That's the point of a stimulus.

Which is the opposite time of the year - so, it proves zero -

See how it works is to compare time period to time period.

If we are going to be intellectually honest - we have to have the same parameters for comparison.

So let's look at SPRING 2019 - when we had one of the most robust economy's, and compare it to SPRING 2021

2019 -
National Gas Price Report for March 25th, 2019 | AAA Newsroom Gas $2.62 a gallon

US Retail Gas Price
2.954 USD/gal for Wk of Mar 22 2021​

By comparing the prices from the same time period - when as you say economy people are beginning to travel and our economy is opening we see a .33 a gallon difference from 2019 to today.

In fact, if you look closely the price of gas has jumped 50 a gallon since Jan 27th. Hmmmm...

Biden’s new climate executive orders pause oil and gas leasing
 
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The Barbarian

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Which is the opposite time of the year - so, it proves zero

Turns out economics doesn't care about the calendar. As you learned lower supply and/or higher demand results in higher prices, and lower demand and/or higher supply results in lower prices.

Calendars notwithstanding. Only if the season happens to affect one or both of those factors, will it matter.
 
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FreeinChrist

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There is much more to oil prices than simply who is president:

Here comes $3 gas, just as Americans start traveling again - CNN

Travel-starved Americans emerging from lockdown may need to budget for $3-a-gallon gasoline on their next road trip.

Prices at the pump are on the rise, driven higher by oil prices hitting $60 per barrel, a surge of economic optimism, restraint from US frackers and unprecedented production cuts by OPEC and Russia. The energy rally has been further boosted by predictions on Wall Street of a new oil "supercycle."

supply and demand, right?
 
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d taylor

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As the economy opens up, and more people travel, expect gasoline prices to rise. Did you really think they would stay low when demand went up?

So i guess there was a huge reopening between friday and monday to cause the gas to go up.
 
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The Barbarian

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So i guess there was a huge reopening between friday and monday to cause the gas to go up.

Several things:

The deteriorating situation in Venezuela - "Venezuela has been a fairly significant exporter to the U.S. but its volumes have steadily fallen in recent years as its economy has collapsed. U.S. refiners will have to find another source of crude to replace the lost Venezuelan volumes, and to the extent they must pay higher prices to obtain that feedstock, the higher costs will be passed through to the consumer."
...
Routine refinery maintenance season has begun. - Late February is typically the time of year when many refiners begin taking their facilities temporarily offline for routine maintenance purposes. Refineries are very complex facilities with a high number of moving parts that operate under high temperatures and pressures, in good weather and bad. All of these factors and more require require that the facilities be shut down for a few weeks once or twice each year for routine maintenance.
...

The price for crude oil has gone up. - The whole purpose of the refining process is to break crude oil down into its component parts, including the gasoline and diesel we purchase at the pump. Because of this reality, the price of gas tends to fluctuate in direct relation to the price of crude. Between Feb. 12 and Feb. 27, the price for West Texas Intermediate rose from about $52.50 per barrel to over $57, or about nine percent. (note: production dropped like a rock during the winter storm which the Texas grid was unable to handle.
...

Barring a sudden drop in crude prices, U.S. consumers should expect gasoline prices to continue to rise slowly throughout March and April , as the changeover to producing summer blends takes place and people begin getting out and driving more as the weather gets warmer. This is something that happens every year.
Rising Gas Prices: 3 More Things You Need To Know
 
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hislegacy

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Turns out economics doesn't care about the calendar. As you learned lower supply and/or higher demand results in higher prices, and lower demand and/or higher supply results in lower prices.

Calendars notwithstanding. Only if the season happens to affect one or both of those factors, will it matter.

And as you learned the same time period from 2019 to 2021 shows a dramatic rise in prices. The demand is also lower than in 2019.
 
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hislegacy

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Several things:

The deteriorating situation in Venezuela - "Venezuela has been a fairly significant exporter to the U.S. but its volumes have steadily fallen in recent years as its economy has collapsed. U.S. refiners will have to find another source of crude to replace the lost Venezuelan volumes, and to the extent they must pay higher prices to obtain that feedstock, the higher costs will be passed through to the consumer."
...
Routine refinery maintenance season has begun. - Late February is typically the time of year when many refiners begin taking their facilities temporarily offline for routine maintenance purposes. Refineries are very complex facilities with a high number of moving parts that operate under high temperatures and pressures, in good weather and bad. All of these factors and more require require that the facilities be shut down for a few weeks once or twice each year for routine maintenance.
...

The price for crude oil has gone up. - The whole purpose of the refining process is to break crude oil down into its component parts, including the gasoline and diesel we purchase at the pump. Because of this reality, the price of gas tends to fluctuate in direct relation to the price of crude. Between Feb. 12 and Feb. 27, the price for West Texas Intermediate rose from about $52.50 per barrel to over $57, or about nine percent. (note: production dropped like a rock during the winter storm which the Texas grid was unable to handle.
...

Barring a sudden drop in crude prices, U.S. consumers should expect gasoline prices to continue to rise slowly throughout March and April , as the changeover to producing summer blends takes place and people begin getting out and driving more as the weather gets warmer. This is something that happens every year.
Rising Gas Prices: 3 More Things You Need To Know

From your link:

This article is more than 2 years old.

And the rising prices two years ago were LOWER than the current rise. Prices went up more than .50 a gallon starting on Jan 27, 2021.
So let's look at SPRING 2019 - when we had one of the most robust economy's, and compare it to SPRING 2021

2019 -
National Gas Price Report for March 25th, 2019 | AAA Newsroom Gas $2.62 a gallon

US Retail Gas Price
2.954 USD/gal for Wk of Mar 22 2021
By comparing the prices from the same time period - when as you say economy people are beginning to travel and our economy is opening we see a .33 a gallon difference from 2019 to today.


Why? Did something happen on Jan 27, 2021?

Oh, Glad you asked! Yes indeed something happened on Jan 27, 2021

Biden’s new climate executive orders pause oil and gas leasing



 
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