4 ms·

I’m sure both oil refinery executives and the executive branch of the us government wish that they did have that much control over gas prices. The reality is th

I’m sure both oil refinery executives and the executive branch of the us government wish that they did have that much control over gas prices. The reality is that gas prices are set by market mechanisms of an international commodity. Gas costs what it costs.

_ea1k 4y ago
There is a regulatory aspect as well. The current regulatory environment is not encouraging an increase in refinery capacity, and that seems to be our current bottleneck. This is not a value judgment as to whether this is right or wrong.
- throwaway5959 4y ago
  Should Joe Biden get some streamers and make a poster to show his support for oil refineries? He isn’t in charge of spending; that’s Congress. Maybe he should issue an executive order forcing oil refining capacity back online? Then you’d bitch about government overreach.
- misiti3780 4y ago
  i pointed that out below and got downvoted.
twoquestions 4y ago
Correct, the last POTUS that did something to meaningfully impact gas/oil prices was Bush II when he invaded Iraq, and Obama a little bit when he decreased Iranian oil sanctions. For better or worse, we don't live in anything resembling a command economy.