Current events discussion

Does the United States President set gas prices?

No — gas prices are set by global markets, not by presidential decree. Here's the breakdown of what actually drives the price at the pump:


Crude oil prices are the biggest factor, typically making up roughly half of what you pay. Oil is a globally traded commodity, and its price is driven by OPEC+ production decisions, global supply and demand, geopolitical events (wars, sanctions, shipping disruptions), and speculation in futures markets. The US president has no direct control over any of this — the country imports and exports oil, and US producers respond to global prices, not to White House preferences.


Refining costs and margins, distribution and marketing, and state and federal taxes make up the rest. Of these, taxes are the one lever government actually controls directly, but federal gas tax changes require Congress, and state taxes are set by state governments — not the president.


What a president can influence, at the margins, includes things like releasing oil from the Strategic Petroleum Reserve, adjusting drilling permits and leases on federal land, sanctions or diplomacy affecting oil-producing nations, and regulatory policy (emissions rules, fuel standards). But these are indirect levers with limited and often delayed effects — they don't let a president set a price, and energy analysts are pretty consistent on this point. As one petroleum analyst quoted in earlier coverage put it, there's effectively zero chance any president can simply mandate gas down to a specific price like $2 a gallon.


This is why economists and energy analysts across the political spectrum have been skeptical of campaign promises (from any candidate) to bring gas to a specific dollar figure — it's largely outside presidential control, which is also why Trump's claims that prices already hit those targets have been repeatedly fact-checked as false rather than just "not yet achieved."
Not really sure this needed to reposted. IIRC, Rob posted all this information a couple years ago when gas prices spiked under Which Way Do I Go Joe.
 
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LOL at the moron that keeps pointing out my state is full of fraud, thinking it helps his argument when in reality it helps prove my point. I live in a liberal state ran by Democrats.

Democrats and fraud go together like Rawbee & TDS.

Rawbee is brewing up some comedy gold tonight fellas, gather round and remember this moment forever as you may never see another human stupid as this dumb phuck ever again!
 
LOL at the moron that keeps pointing out my state is full of fraud, thinking it helps his argument when in reality it helps prove my point. I live in a liberal state ran by Democrats.
Since your state is so full of fraud, why are you spending your time worrying about states you don't live in?
Is it because your big daddy bear Dozing Donnie told you to?
Democrats and fraud go together like Rawbee & TDS.
Yeah that massively Democrat state Florida, with their senator who headed u the biggest healthcare scam in history.
Go together like right-wingers and bootlicking.

Rawbee is brewing up some comedy gold tonight fellas, gather round and remember this moment forever as you may never see another human stupid as this dumb phuck ever again!
Still waiting for your post on the proper way for the world to raise kids. Obviously, with your two hyperlexic two-year-olds around, you did it right and have the rules in place.
Why not share them?
 
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Not really sure this needed to reposted. IIRC, Rob posted all this information a couple years ago when gas prices spiked under Which Way Do I Go Joe.
Kind of funny how all of Dozing Donnie's failures boil down to amazing coincidences or become the fault of presidents prior.
Similar in nature to how the only way Republicans lose elections is if the Democrats cheat.
If it's impossible for Republicans to lose the vote in an area that is 15% Republican, why even have opposing parties? Just make a Republican Emperor of the country until he dies, then put another in his place.

Oh wait, that's what the Republicans want to do. F**k democracy. That's for losers!
1781700773996.png


Absolutely no need for the amendment whatsoever, except that Diapered Donnie decided he wanted it.
And Demented Donnie gets what he wants from his bootlickers.
 
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