wouldn’t lump nj together with ny when it comes to gas prices. anyone who does has no idea what they’re talking about.
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I’ll cash app you $100 if this is true
Has to be national average price tho
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In reality, the price of a barrel of oil is not directly controlled by an American president or administration, despite what some news outlets would have you believe. It has fluctuated wildly due to world events, supply/demand and oil producer policy during every administration under both parties for many decades.
I know nuance is not exactly en vogue these days, but come on - this is comparable to when people attribute stock market performance (in either direction) to a sitting president. This kind of claims ought to be called out for what it is: a gross oversimplification of a complex global commodity. And it’s about as useful as random predictions of the direction of the price beyond a few weeks at most.
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$3.85 in Dallas, TX
$80 to fill up my 4Runner
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Driving EVs for a while and just picked up a Model Y performance, what are these gas prices you speak of?
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Speculation in the commodity market is a real thing. I’ve been following and investing in commodities for almost 2 decades. Simply having someone in the White House that is seen as not “oil friendly” makes speculators drive the price of futures up. Has nothing to do with supply/demand and has a damning effect on pricing.
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MN here too. We have a pair of Teslas in our garage.
Drove by local Holiday, price jumped 15 cents in less than an hour.
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Wow it only took 23 posts for a private in the Tesla army to tell everyone their EV is superior.
Can’t believe it took you so long.
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Just imagine if there is no one on the road for like 2 weeks.
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That happened for 2-3 months when Covid first started.
NYC was a ghost town. I would drive from Bklyn to Bergen County, NJ in under 25 min .
Miss those days
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I was shocked too nobody mentioned it before me. I figured the 2nd or 3rd comment but alas I had to take matters into my own hands.
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Despite high prices, traffic wont be like during lock down for Los Angeles. We dont have a plan B type of transport. So roads will still be packed.
So roads will still be packed no matter what the prices are. Due to laziness Ive stalled on getting gas since premium was 5 bux, 12 dollar mistake and counting
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Nearly $155 to fill up the TRX.
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Doubt you’ll see less traffic around NYC do to higher gas prices. I come through the Midtown tunnel every day and traffic is heavy going in and out. I did noticed more cars filling up today around rush hour just to beat over night price jump.
If you’ve been following it that long, then surely you remember that oil actually quadrupled under a very ‘oil-friendly’ administration in the early 2000s, tanked during the last ‘oil un-friendly’ one, not to mention all sorts of wild fluctuation in between. Simply put, it is a stretch to either credit or blame an American president directly for the movement of oil. Of course there are always secondary implications and externalities posed by any policy shifts, but there is a lot more nuance than ‘President X’ is good/bad for gas.
The next time anyone feels totally confident about where the price is headed, this chart is a helpful ego check:
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I thought of it then thought better of it.
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I’ll say $6 average in California before we hit
You can’t take a chart and say that the difference between the lowest point in one administration to another point during the administration is “quadrupled”. The market goes up and down. Spikes always exist as does volatility. What matters is extended periods of price variations and increases/decreases.
Your graph for example shows oil at $180 a barrel in 2008 but oil futures never closed at that price. An intra-day spike has virtually no effect on the price of gasoline. It’s continued elevated prices that have an impact on it. So no, prices of oil didn’t quadruple under the Bush administration even though prices increased due to a supply issue in the middle-east after 9/11 as the war began.
When Obama was sworn in you had oil in the mid-40s. That’s in January of 2009. The day he left office it was in the $60s.
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One of my best friends owns a gas station, he went up .50 cents over the last few days. He’s the cheapest gas in the area (off-brand fuel) and he’s been stormed the past few days to the point he closes 1-2 hours after he should.
He’s loving it because of the additional gas commission. The real winners are the gas station owners right now who gets the commission.
As-long as crude prices go up it’s going to be high for a while, he estimates until the end of summer is when things will decline slowly
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