How much will inflation and record gas prices cost the average American family in 2022?

Even WORSE...
A Return to the Days of Herbert Hoover (A REPUPLICAN)...

 

We have never used fossils for fuel. Fossils don't burn very well.

Being dependent on enemy countries for carbon based fuels IS a threat to national security, which is why we should be ENERGY INDEPENDENT like we were under Trump.

 

I have no issues with voting democratically. I do have issues with voting Democrat as it harms the regular folk

 

Exactly. People drive their gas guzzlers, apparently totally unaware that ANY international crisis would send the gas price skyrocketing. It happened under GWB too, but I guess they weren't paying attention. I'd say, if you can't afford gas when it goes up by 25%, you are driving the wrong vehicle. Of course, crying "Biden bad" is much easier than showing introspection. There are reasons why the F150, the Silverado and the RAM are the three best-selling vehicles in the US. Consumers making smart financial decisions are not among those reasons.

BTW: This is how much oil we imported from Russia:



Anyone notice how that trend went up under Trump? Smart policy, right? Now, who was dumb?

 

How are the price increases Putin's fault when they were occurring ever since Biden took office (over a year before Russia decided to invade Ukraine)?

 

Poor baby. I paid $5.05 in Sacramento, and I expect to fill my piglet here in Napa for close to $6 x 18 gallonish.
But it is still cheaper than the wine I drink! LOL

 

The kind of person that party claims to care about.

 

I can't stand Biden but what exactly has his administration done to affect prices like this? Honest question.

 

All I can do is SMH when I see people line up and wait for an hour in their compact and midsized cars to save a couple of bucks. Even in our dually, we'd save less than $10 on a full tank fill up. F that. My time is worth a hell of a lot more.

 

this is getting as bad or worse as it was under Cater
and would like to remind democrats it was Carter that gave us 12 years of republican presidents

 

his intentional war on domestic oil production
less supply higher prices

 

I could take your word for it but I won't. Where's the data?

 

google is your friend
but because you asked
Biden's war on American energy made us dependent, again | Fox Business

Biden's war on energy, means Americans are paying more (nypost.com)

 

Correlation does not imply causation.

Again, our economy is such that inflation is determined by a multitude of factors that no one person or group of people control directly or indirectly.

Yes, we are having inflation. We were having inflation rising under Present Trump from July 2020 onward.

Just in case the hyperlink didn't work above
https://www.usinflationcalculator.com/inflation/current-inflation-rates/

Look at the monthly rates and see when it was starting to rise.

Inflation is caused by global supply chain disruptions, low prime market interest rates through the FED, the expansion of the MS (Money Supply), etc.

 

I am glad to hear you can afford such a luxury. For many, that $10. is a significant part of their budget. When I was starting out, I had to stretch every dollar or I didn't eat.

BTW, their time is also valuable and having to take time away from family is another cost our irresponsible politicians burden those they claim to care about with. How about suspending the gas tax?

 

No it didn't. It began in 2021, right after Biden took office.

Nope... Prices would have stayed low under Trump-era economic/energy policies, but Biden reversed them all and now prices are skyrocketing. Reject the 6uild 6ack 6etter agenda and prices will plummet again.

The United States has the largest and richest oil reserves in the world.

Nobody is ignoring the rest of the world, dude. Some people simply realize the fact that the US President (via his economic/energy policies) actually has quite a bit of influence over oil/gas prices due to how rich in oil we are. The Biden Regime just doesn't want to make use of that leverage because the Biden Regime is hell bent on 6uild 6ack 6etter "fight climate change" bullshit.

 

A question that simply cannot be answered yet..

I'll defend my Democrat vote every day, since fascism is a worse form of government.

 

Ahhhh, gotcha... I live far enough away from the Illinois and Minnesota borders that it's not an issue. The gas station I went to had no line at all; in fact, people were pretty much all at the surrounding gas stations that were $0.30 more expensive. Yes, it's a shitty run down gas station (you can probably guess why), but hell yes I'll go there if they're $0.30/gal cheaper than everyone else.

 

... or even worse, a return to the days of FDR (who truly made the Great Depression GREAT). He was, yup, you guessed it, a DEMOCRAT.

 

Food prices, especially meat, were beginning to rise significantly since July 2020. I started paying an extra $1 to $2 per pound extra of mean, beef, chicken, pork, etc, since 2020. Since food prices are a leading indicator to the overall inflation indicator, it is a logical argument to state that inflation began in 2020.

Nonsense unless you think our economy is a command economy.

Having the largest oil reserves does not mean squat. It is the production capacity, aka the refineries, that have the greatest impact. Right now, they are at 110% of production capacity.

Furthermore, if we just rely on our reserves and pump just our reserves wherever they are located, our consumption is so great that our reserves would last about 10 years or so.

Nonsense again. Oil prices are determined by the future's market, oil refinery capacity, and demand for such product. None of these factors have any influence what Trump or Biden says while in the Oval Office. PERIOD.

 

It's amazing how Trump was directly to blame for pandemics and tornados and every stubbed toe, but suddenly the POTUS has no responsibility for anything that happens.

Funny how that works.

 

I asked for data, not opinion pieces. I'll give them a read anyway.

 

Nope. It began in 2021.

Not nonsense. You are denying what you've seen play out before your very eyes.

False. There is an insane amount of oil in the Earth and oil, believe it or not, is RENEWABLE. There is no need or reason to switch off of oil.

I said influence, not determine... and I'm talking about policy, not speech.

 

Yeah, no it isn't - at least not for most people driving big trucks. If saving $10 twice a month is a significant part of your budget you need to consider finding alternate transportation.

Same. I started out as an E-1 in the Air Force with a young family. I didn't drive a gas guzzling vehicle.

Anyone who would wait for more than a few minutes to save a paltry $0.40 per gallon certainly doesn't think their time is very valuable. Or, more likely, most stupid Americans don't realize that they aren't really saving much at all. I'd bet if you polled people in line that they wouldn't know that they are saving less than the cost of a cheeseburger at McDonalds.

I agree about suspending the gas tax. Hell, abolish it for good.

 

The closest either of these pieces came to any data was the post article:
"The Energy Information Administration’s data show that the United States is producing roughly 1.2 million fewer barrels oil per day."


Ok. But why? The only reason given was vague, hand waving, 'Biden Policies'. What policies, EXACTLY, have lowered our output? And why? I'm all for this being an albatross for the dems, and I do believe that their green policies are not generally good for the economy, but I'm not convinced that this is what we are seeing right now at the pump.