As Summer nears the prices of gas seem to start slowly to climb…..but why is that?
Blame Biden….not accurate….blame the Middle East….some what accurate…..blame the weather….
In other words what does control the price of gas?
Well devotees….I have an answer for you….
Between keyboard warriors and comments sections, you might have noticed conflicting (and sometimes even downright incorrect) information about how, exactly, gas prices work in America today. While some popular opinions involve blaming whatever the current administration is for increases in gas prices, the issue is far more complicated than any singular person or even any singular government. In fact, the Energy Information Administration identifies four major factors that directly correlate to the cost of gas (and none of them are the president). These factors are crude oil prices (which are set by oil-producing countries), refining costs (which are increasingly impacted by natural disasters and climate change), distribution and marketing costs (which depend on the individual retailer you purchase gas from), and taxes (federal, state, and local taxes and fees).
For starters, you’ve probably heard terms like crude oil and petroleum come up in the gas conversation. For anyone who might not know, the gasoline we currently commercially purchase for our cars (or any other vehicle) is essentially a blend of crude oil and other petroleum liquids. Petroleum refineries break down crude oil into various components in order to then reconfigure and blend them into fuel products. This refinery process is extremely important, with this factor comprising 14% of your per-gallon price at the pump. Refinery costs are impacted by demand (with summer usually the highest-demand season) as well as by climate change. Since most United States refineries are located along the Gulf Coast, this generally means hurricanes, a natural disaster that can destabilize the stock market, and by extension, the economy.
Read More: https://www.moneydigest.com/1565960/what-actually-controls-gas-prices-us/
It is probably not Biden’s fault, that is being kind, that prices are rising….so please do not use that lie to determine your vote in the coming election.
You wanted to know….you ask I provide an answer….
Be Smart!
Learn Stuff!
I Read, I Write, You Know
“lego ergo scribo”
In Saner Thought 
Gas prices have always been a pain in the ass and will continue to be so.
But do they need to be that pain? chuq
been that way since the 1950s when you could fill an entire tank for 5 dollars
But nit does not need to be painful…..that is acceptance what Americans do best and it bites them in the ass every time. chuq
True, of course. The president has no real control over it.
People tend to forget that it is Congress, not the president, that really runs the country. It is Congress that makes the budget, allocates the money and creates the laws we live under, not the president. And that bunch of gutless wonders in Congress do everything they can to shirk their responsibility so they can avoid taking the blame when things go wrong.
That is it….no one wants to be held accountable…chuq
Petrol and diesel is still much more expensive here than in the US, mainly because of high government taxation, and the oil companies taking hugely obscene profits. The retailers selling it on forecourts only earn 1p per litre on what they sell, but it currently costs over £7.70 ($9.70) a gallon for petrol and over £1 more for diesel.
Best wishes, Pete.
High here as well….we pay taxes to state and the feds….it does not need to be that high. chuq
Another problem may arise in production since I think most of our refineries are like 100 million years old and breakdowns and worn out are in near future.
That is what happens when greed sets in…..and they will blame everything but their greed chuq
I suppose their greed to increase profits by not upgrading infrastructure re refineries is unfortunate but why would they invest anything when Boobin says we will eliminate all traces of the fossil fuel industry repeatedly ?
That is an idle promise and the oil industry knows that…..instead of giving CEO millions in bonuses do some work on the aging refineries. chuq
$5 was a half a day’s pay in the 50’s for most working class.