On Tue, 2 Aug 2022 00:16:25 -0600, Just Wondering <
J...@jw.com> wrote:
>On 8/1/2022 8:01 PM,
governo...@gmail.com wrote:
>> On Mon, 1 Aug 2022 15:49:16 -0600, Just Wondering <
J...@jw.com> wrote:
>>
>>>
https://fred.stlouisfed.org/series/GASREGCOVW
>>> Feb 10, 2020 $2.32
>>> Jun 13. 2022 $4.84
>>> Jul 25 2022 $4.18
>>> I don't know where you went to school, but according to
>>> what I was taught, 4.84 is more than twice 2.32, and
>>> 4.84 - 4.18 = 0.66 which closer to 0.40 than it is to 1.
>>>
>>> Or, if you prefer official EIA data,
>>>
https://www.eia.gov/petroleum/weekly/gasoline.php
>>> also shows gas prices more than doubled from Aug-Nov 2020
>>> to July 2022, and are down around about to .6 to .7 from
>>> their peak a couple of weeks ago, confirming the previous
>>> data.
>>
>> There you go trying to play mind games without any ammo. Biden didn't
>> become President until Jan 2021 so any complaints about him would have
>> to start no sooner than Feb 2021 pricing. Specifically, that means
>> that starting your price comparison in Feb 2020 or even Aug 2020 is a
>> load of bullshit.
>
>Thanks (NOT) for clipping everything that provides context.
That lame excuse? Every time somebody on Usenet gets proven wrong,
they whine that somebody clipped context. The FACT is, you want to
start your gas price comparison almost a year before Biden becomes
President and at the height of the Covid shutdown that all but ended
folks driving to work. If you don't drive to work, gas demand drops.
That means prices will drop. So no, you can't count post Covid
recovery gas pricing when Trump was President as part of Biden's price
increases.
>YOU
>are the one who chose the dates, I just pulled data covering the
>dates YOU picked.
You'd better reread this thread to see who posted what because the
dates you pulled data for are NOT the dates I used in my analysis of
gas price changes during Biden's administration. I noted small rises
following the 2020 election but based my Biden gas prices on the Feb
2021 price because Biden didn't become President until late January
2021.
>If I had started it, I would have looked at data going back to 2001.
Why? The discussion is and has been about Biden's policies vis a vis
oil prices. Wouldn't it then be appropriate to start from when Biden
was first in position to set energy policy? Like, after his
innauguration in 2021? Wtf has 2001 got to do with President Biden's
energy policy?
>The following is excerpted from
>
https://fred.stlouisfed.org/series/GASREGCOVW which cites the U.S.
>Energy Information Administration
>as the data source.
>
>During the eight George W. Bush years, gas prices gradually rose from
>$1.46 in January 2001 to $1.77 in January 2005. Prices rose to about
>$3.00 during the next three years, then sharply spiked, reaching a high
>of $4.00 in June 2008, before dropping to $1.77 on January 12, 2009
>when Bush left office.
>(I don't know the history that led to the anomalous 2008 spike.
>Look it up yourself If you want, I'm not gonna do it for you.)
The cause of the spike?
"New supplies of oil from non-OPEC countries were supposed to come
online in 2007 and ease some of these supply bottlenecks. But problems
in Kazakhstan and Russia - as well as sweeping drilling bans in the
United States - mean global consumption is growing twice as fast as
non-OPEC production."
https://money.cnn.com/2008/05/20/news/economy/gas_price_history/
"Sweeping drilling bans" during the BUSH administration? Say it aint
so!
Btw, that "anamolous 2008 spike" was ended by the Great Recession that
came within 48 hours of closing the banks. The Great Recession that
started on Bush's watch in December 2007. The Great Recession that
collapsed the economy and caused a shortlived Depression in 2009 and
nearly 10% unemployment. Funny, you don't mention that Bush's price
drop was because he'd almost destroyed the US economy.
>The data show gas prices during Obama's first year rose by about $0.90,
>then mostly remained $3.00-3.50 range, declined during his last two
>years, and were about $2.30 when Obama left office, about 50 cents
>higher than when he started 8 years before.
This came during a period of massive growth as we recovered from the
Great Recession. That oil prices didn't rise any more than that is
because Obama, contrary to Foxular belief, made a point of supporting
fracking, oil field expansion and new drilling policies and
technologies that greatly accelerated US oil and gas production.
Obama also signed the Bill that made it legal for the US to export oil
so the much vaunted "US energy independence" of Trump's last year in
office and Biden's first was due as much to Obama and the Dems in
Congress in 2013 as it was to economic changes. I didn't notice you
giving him credit for that either.
>The Trump years had gas prices generally in the $2.50 range, about
>a dollar lower than the Obama average, with a high of $2.85 in June
>2018 and a low of $1.70 in April 2020. They were $2.29 when Trump
>left office - virtually the same as when he was sworn in despite
>minor inflation during his four years.
And naturally you want to ignore the reason for the Trump fuel price
drop that wasn't due to Trump's policies but to COVID. When people
stopped driving to work, demand dropped, when demand drops, prices
drop. So many people stopped going to work that rush hour traffic all
but vanished. I live near a freeway and the sounds of traffic from
there and on our local through street were noticeably quieter.
>Then Biden got sworn in and immediately began tossing out ill-
>conceived executive orders that affected domestic oil production.
Cite actions Biden took that reduced oil supply. I DARE you.
>Gas prices rose from $2.29 to $4.84 in July 2022, more than doubling
>in two short years, setting an all time record for high gas prices,
More twisting of statistics. If you're going to blame Biden, you can
only cite price changes from when he became president, not from some
arbitrary date before he was even the nominee.
>and leading to the ignominious sight of the President of the United
>States groveling before the House of Saud in an unsuccessful quest
>for cheap foreign oil.
Which was nothing more than lip service. The American consumer has
reduced their own demand thus driving down prices.
It's our habit of driving monstrous gas guzzlers that forces prices so
high in the first place. I was hoping they'd stay around $5 so I
could keep laughing at 140 pound housewives driving around in three
ton trucks that get 12mpg while whining like little babies at how high
gas is. Demand goes up, prices go up. You want to drive something
sucks gas? Pay up.
Imagine if we doubled our national MPG thus halving our gasoline use.
Gas prices would collapse and we might became a MAJOR exporter of
petroleum and it's products.
"In 2021, about 134.83 billion gallons (or about 3.21 billion
barrels)1 of finished motor gasoline were consumed in the United
States, an average of about 369 million gallons per day (or about 8.80
million barrels per day)."
https://www.eia.gov/tools/faqs/faq.php?id=23&t=10
Think about us having 1.5 billion barrels of oil to EXPORT each year.
What would happen to gas prices globally?
Replace that full sized V-8 F-150 with a half size V-6 turbo Ranger.
Better still, replace it with an F-150 Lightning. Ford is starting
pricing on base model Lightning F-150 trucks at less than 35K. Factor
in fuel cost savings over five years and you could own a brand new
F-150 EV for around 20-25K and FUCK the Arabs and their oil.