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re: Gas is no longer close to $5/gallon.....
Posted on 9/11/22 at 9:46 pm to Ed Osteen
Posted on 9/11/22 at 9:46 pm to Ed Osteen
It's still well above what it was when Biden took office even though I'll admit it's down to $3.25 - $3.35 here in my part of Florida. Still high but back to the point where it's not crippling and/or causing me to have to make significant lifestyle changes.
To me it just feels like a setup. I feel like the Biden administration is doing everything possibly to get and keep gas prices down before the midterms. And for now it's working and sadly it means they've taken gas prices off the table for most Americans, even though everything else is up.
I just feel like the price has gone down due to the administration flooding the market with the strategic reserves. Once the midterms are over the strategic reserves will be turned off and gas will go right back up again.
Anyone else feel the same way?
To me it just feels like a setup. I feel like the Biden administration is doing everything possibly to get and keep gas prices down before the midterms. And for now it's working and sadly it means they've taken gas prices off the table for most Americans, even though everything else is up.
I just feel like the price has gone down due to the administration flooding the market with the strategic reserves. Once the midterms are over the strategic reserves will be turned off and gas will go right back up again.
Anyone else feel the same way?
This post was edited on 9/11/22 at 9:48 pm
5
Posted on 9/12/22 at 3:15 am to AXR735322
quote:
I just feel like the price has gone down due to the administration flooding the market with the strategic reserves. Once the midterms are over the strategic reserves
Mainly just normal pricing declines post-4th of July as well as recession fears factoring in. Demand is also down slightly but supply is not really going up even when OPEC making small increases
Posted on 9/12/22 at 6:31 am to AXR735322
quote:
due to the administration flooding the market with the strategic reserves.
that's not how it worksPosted on 9/12/22 at 6:41 am to AXR735322
quote:
just feel like the price has gone down due to the administration flooding the market with the strategic reserves
Nope. Summer blends ending and demand dropping. Biden will claim it is his policies starting to work. LGB.
Posted on 9/12/22 at 7:12 am to AXR735322
quote:
To me it just feels like a setup. I feel like the Biden administration is doing everything possibly to get and keep gas prices down before the midterms
That's very cynical
Posted on 9/12/22 at 7:22 am to AXR735322
Release of oil from Strategic Petroleum Reserve has very minimal impact on gas prices.
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