Posted on 05/23/2018 9:52:08 AM PDT by yesthatjallen
Senate Democratic Leader Charles Schumer (N.Y.) is ripping the White House over high gas prices, arguing President Trump’s decision to withdraw from the Iran nuclear deal is putting a pinch on middle class wallets.
“According to energy analysts and experts, President Trump’s reckless decision to pull out of the Iran deal has led to higher oil prices,” Schumer said at a press conference held at an Exxon filling station on Capitol Hill, where a gallon of regular costs $3.89.
“These higher oil prices are translating directly to soaring gas prices, something we know disproportionately hurts middle- and lower-income people,” Schumer said.
Etc...
(Excerpt) Read more at thehill.com ...
This is gonna be a problem.
I am already hearing people b*itch up a storm. Remember most of people are living on the same amount of less and STILL paying more for the LAST TIME everything went up because of rising fuel prices (and never went back down when fuel prices did).
Prices were $4.45 in Oct. of 2012 in CA. Close enough:
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_sca_dpg&f=m
Demand is only half the equation. Obama virtually shut down the supply side in terms of federal land and offshore leases and the fight on fracking. You can freeze demand at some level, regardless of economic activity, and start screwing around with supply like the Obozo policies did and you have a huge impact on price because the demand for distillate fuels is fairly inelastic.
Why are gas prices high?
Could gasohol. drilling restrictions, taxes higher than the actual production costs, etc. have anything to do with it?.
And which party pushed to eliminate fossil fuels?
Iran deal pullout had zero to do with higher oil prices. Global supply is up, but global demand is up even more.
So, what’s Upchuck’s take on what the US should do about the collapse of Venezuela? They used to sell a lot of oil to us.
Oh, and btw, Schumer’s a lying ****head:
Center for Strategic & International Studies
New Estimates of Iran’s Petroleum Exports and Income after the Nuclear Implementation Day and Reductions in Sanctions
3rd Revision
January 26, 2016
https://www.csis.org/analysis/new-estimates-iran%E2%80%99s-petroleum-exports-and-income-after-nuclear-implementation-day-and-0
U.S. Energy Information Administration
Oman is the largest non-OPEC oil producer in the Middle East
January 21, 2016
https://www.eia.gov/todayinenergy/detail.php?id=24632
chuck schemer proves once again there is no lower limit on stupidity.
Gas prices will be much lower in October than they are today.
For the same reason they've increased in April and May almost every year since 2000: U.S. refineries have to change their fuel blends for the summer and add more ethanol to the fuel mix.
Thought we were an oil exporter. Let’s pick up the pace.
Profit per gallon of gasoline (California)
Feds. 18.5 cent per gallon for doing nothing but collecting the money.
California 60 cents (going to near 80 cents in 2019) per gallon for doing nothing but collecting the money
Oil companies best I can tell profit about 25 cents per gallon for manufacturing and distributing. Said profits are then taxed. So just who are the fat Cats when it comes to making money on the sale of gas?
Down on the MS Gulf Coast regular is $2.55 - looks like liberal bastions 9and their women and children) are hurt most....
Gasoline and diesel prices hit everything transported (groceries, for example, and every raw and processed material in the production chain) -- but by contrast, more people are working, and they're paying lower federal income taxes while doing that.
We don’t get oil from Iran
Actually, Venezuela’s troubles and its relationship to the global oil supply is having a bigger impact on oil prices than are Trump’s actions vis-a-vis Iran. And anyway, it is not as if oil prices have been stable lately because they have been going up for months, beginning long before Trumps actions regarding Iran.
But leave it to Chucky to deny recent global oil price history and use Trump’s Iran policies as an excuse to wake up and admit oil prices have been going up.
In fact, the last low ($30.12) was in January 2016.
Ah yes, the Democrats, party of affordable gas prices, lol.
Do they even listen to themselves? Apparently not.
Horse pellets. How, exactly, would RATS do that?
Gas prices were already high when Trump pulled the plug on Iran deal.
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