AAA National Gas Prices – Average ChartPosted on 04/18/2023 9:39:11 AM PDT by SoConPubbie
In the face of Joe Biden’s failing economy, President Trump reminded Americans that just a few years ago, his administration had rocketing oil and gas prices at all-time lows.
“Gasoline has just hit a 5 month high,” Trump wrote on Truth Social.
“Now that Biden has emptied the Strategic Oil Reserves, which should never have been done, here we go again…And so unnecessary. I had oil and gas at long term Record Lows – And NO INFLATION!” he added.
This week, AAA’s national average on the price of gas was $3.76 per gallon. Their highest recorded average was June 2022, when the nationwide price per gallon averaged at $5.01.
In the past, President Trump has pointed out that under his administration, “gas was $1.87 at one point.”
AAA National Gas Prices – Average ChartIn March, Trump ripped the Biden regime for creating an “economic catastrophe” and pushing the United States into “the highest inflation in decades.”
As reported by RSBN, he stated in a policy video, “Biden and the radical Democrat Congress single-handedly created the highest inflation in decades. They spend trillions of dollars to wage war on American energy, and pursue the socialist joke known as the Green New Deal.”
In 2022, the second quarter report from the Bureau of Economic Analysis confirmed that GDP had declined yet again, indicating two contracted quarters of economic growth. RSBN also reported that Biden spiked inflation from 1.4 percent when he took office in January 2021 to 9.1 percent in June 2022.
The Wall Street Journal’s Alexander Zemek revealed in September 2022 that Joe Biden had released more oil from the country’s Strategic Petroleum Reserves than every other president in history combined, bringing the oil reserve down to its lowest level since 1984. The emptying of the reserves has coincided with an escalation in violence in Eastern Europe amid rumblings of China and Russia joining forces against Ukraine.
Cheap gas, low inflation, and no wars may be all well and good…but the price we had to pay of enduring mean tweets made it all intolerable
"Cheap gas, low inflation, and no wars may be all well and good…but the price we had to pay of enduring mean tweets made it all intolerable"
- DeSantis Supporter
The Covid Coup was the way they got around the election.
...and...
Trump also had Russia and OPEC+ quaking in their boots from fear of a tsunami of Bakken oil should they get too far out of line.
Trump conspiring with Pelosi and Schumer to rescind the debt ceiling ushered in trillions in deficits, monetized by the Federal Reserve.
Trump has a YUUUUGE role in the inflation we’re suffering.
I know we like to joke about the mean tweets, but we all know that isn’t why Trump “lost”. He wasn’t able to be controlled by the deep state and China therefore they had to rig the election. People don’t care about mean tweets if everything is going well...which it was.
I am sure you said that with extreme sarcasm.
Considering that we’re on pace for the highest crude production ever this year I’d say global supply & demand factors factors play the dominant role in gas prices.
What about refining capability.
Lesbian librarians and trannies don’t care about gas prices. They ride bicycles.
It’s back at $4 for regular, close to $5 for premium, here in northwest Indiana.
Saudi and russia gas war against each other and covid were the dominant factors in prices.
I’m sure that he was being sarcastic.
Certainly a factor but US capacity has been fairly stable.
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