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And I've yet to see "I did that!" Biden stickers on gas pumps in US for this. It's almost like the president doesn't control the price a private business sets f

And I've yet to see "I did that!" Biden stickers on gas pumps in US for this. It's almost like the president doesn't control the price a private business sets for their products.

pauldenton 4y ago
Presidential policy does not effect prices Bush had no control over the price of oil in 2003 and the Iraq War had no effect
sircastor 4y ago
Amusingly, I saw an “I did that” sticker on a Plug-in America Electric Car charging unit. I think it was probably more accurate than anything related to oil.
olliej 4y ago
The US government could recognize that just like milk, gas is a necessity and regulate the price.
- JumpCrisscross 4y ago
  > US government could recognize that just like milk, gas is a necessity and regulate the price In practice this means the government paying for gas, as every gas subsidy the world over shows. (Also, since when did milk become a necessity or price controlled?)
  - olliej 4y ago
    You might have noticed that the price of milk hasn’t skyrocketed over the years, as farmers haven’t been able to pull the same market abuse that the gas companies do? https://www.ers.usda.gov/webdocs/publications/42300/15259_aib761fm_1_.pdf?v=0 https://www.ers.usda.gov/webdocs/publications/42300/15259_ai...
    - bombcar 4y ago
      Milk around here has substantially increased in price, though it is still cheaper per gallon than gas.
    - JumpCrisscross 4y ago
      > the price of milk hasn’t skyrocketed over the years, as farmers haven’t been able to pull the same market abuse that the gas companies do? To the degree milk is price regulated in America, it is with respect to a minimum price [1]. We subsidise exports to raise the price of milk. Gas is competitively extracted and competitively refined. The price is high because crude surged and we don’t have many refiners and nobody in the West wants to invest in production because there is a good chance it will be banned or supertaxed soon. Broadly speaking, any time you think the reason for gasoline’s price movement is conspiracy, apart from OPEC, you’re probably wrong. [1] https://www.ers.usda.gov/webdocs/publications/42300/15268_aib761_1_.pdf?v=6246.3 https://www.ers.usda.gov/webdocs/publications/42300/15268_ai...
- deleted 4y ago
  [deleted]
ibeckermayer 4y ago
They’re releasing from the strategic petroleum reserve, so yeah “he did that” but it’s not sustainable. Meanwhile the administration still actively hostile towards domestic production, which is what will actually solve the problem.
- toomuchtodo 4y ago
  Getting off of oil solves the problem, not bandaids like temporarily stoking production of a resource we don’t want to be using. In an ideal scenario, we’d institute a carbon tax and subsidize EVs and clean electrical generation if US politics weren’t broken, but here we are. The average voter doesn’t understand global oil market economics, geopolitics, refinery capacity, fossil investment divestitures, etc, they just want to drive where they want to go. Don’t want to be beholden to a constrained energy resource? Switch to proven alternatives. It’s not rocket science. Make it cheap to buy EVs and make it more financially painful to by combustion vehicles, even if you’re cutting checks to EV makers out of the Fifth Fleet’s budget.
  - rayiner 4y ago
    > In an ideal scenario, we’d institute a carbon tax and subsidize EVs and clean electrical generation if US politics weren’t broken US politics isn’t “broken” most voters just don’t care enough about climate change to actually do anything more than support mitigation efforts in the abstract as long as it doesn’t cost them anything. My parents, for example, are core democrat voters: older minorities who vote straight ticket democrat not only in presidential elections, but random local ones. My parents didn’t even vote for Larry Hogan, who won our Biden-leaning county by 38 points. And they don’t care at all about climate change! They have a car and aren’t going to buy an EV. Their biggest concern right now is inflation and gas prices. (My dad blames Biden for not strong arming Ukraine into quickly capitulating so the Russian gas can keep flowing.) If you polled them they would say that we should do something about climate change, because they know republicans are climate change deniers and don’t want to come across as being Republican, but it’s a purely symbolic belief that doesn’t affect their voting patterns at all.
itwasntmeshaggy 4y ago
Policy causes increases on the market, and you shouldn’t shill politics on HN of all sites. In my area we went from 1.80 to a high of 4.60 and are sitting around 4.00 today. The administration doesn’t get credit for a small correction on a massive price spike.
- roflyear 4y ago
  Some quick googling says your full of crap and misrepresenting. Sure maybe gas went to 1.80 at the bottom of COVID! But most likely that was from a previous value of about $3. Georgia had a high of about 4.60 and now gas is 3.70 up from $3 a year ago.
- roflyear 4y ago
  Where do you live that gas was 1.80?
- PenguinCoder 4y ago
  Agreed, the current administration doesn't get the credit for lower gas prices just as it shouldn't get the blame for higher gas prices. That was the point of my comment, that many people in America are quick to blame the president for a price increase but don't say a word of thanks when it decreases. Can't have it both ways.
  - josephcsible 4y ago
    That's not the point. The President's actions absolutely have substantial effects on gas prices. The point is that if you raise prices of something by 250% and then lower them by 15%, you don't get to take credit for lowering the prices, since your net action was still to raise them by 200%.
  - not_a_shill 4y ago
    He didn't agree with you if I read his post correctly. He said "Policy causes increases on the market" meaning that the government can impact prices. Your original post went against that idea, or at least attempted to discredit it by reducing the argument down to a stock phrase. And then he said "The administration doesn’t get credit for a small correction on a massive price spike". I'll give him the benefit of the doubt and assume he's a reasonable person. So perhaps he's willing to give a letter of thanks rather than the whole word until prices fall further. At this point it's like thanking someone for a bandaid after they've cut your finger off.

And I've yet to see "I did that!" Biden stickers on gas pumps in US for this. It's almost like the president doesn't control the price a private business sets for their products.

pauldenton 4y ago

Presidential policy does not effect prices Bush had no control over the price of oil in 2003 and the Iraq War had no effect

sircastor 4y ago

Amusingly, I saw an “I did that” sticker on a Plug-in America Electric Car charging unit. I think it was probably more accurate than anything related to oil.

olliej 4y ago

The US government could recognize that just like milk, gas is a necessity and regulate the price.

JumpCrisscross 4y ago
> US government could recognize that just like milk, gas is a necessity and regulate the price In practice this means the government paying for gas, as every gas subsidy the world over shows. (Also, since when did milk become a necessity or price controlled?)
- olliej 4y ago
  You might have noticed that the price of milk hasn’t skyrocketed over the years, as farmers haven’t been able to pull the same market abuse that the gas companies do? https://www.ers.usda.gov/webdocs/publications/42300/15259_aib761fm_1_.pdf?v=0 https://www.ers.usda.gov/webdocs/publications/42300/15259_ai...
  - bombcar 4y ago
    Milk around here has substantially increased in price, though it is still cheaper per gallon than gas.
  - JumpCrisscross 4y ago
    > the price of milk hasn’t skyrocketed over the years, as farmers haven’t been able to pull the same market abuse that the gas companies do? To the degree milk is price regulated in America, it is with respect to a minimum price [1]. We subsidise exports to raise the price of milk. Gas is competitively extracted and competitively refined. The price is high because crude surged and we don’t have many refiners and nobody in the West wants to invest in production because there is a good chance it will be banned or supertaxed soon. Broadly speaking, any time you think the reason for gasoline’s price movement is conspiracy, apart from OPEC, you’re probably wrong. [1] https://www.ers.usda.gov/webdocs/publications/42300/15268_aib761_1_.pdf?v=6246.3 https://www.ers.usda.gov/webdocs/publications/42300/15268_ai...
deleted 4y ago
[deleted]

ibeckermayer 4y ago

They’re releasing from the strategic petroleum reserve, so yeah “he did that” but it’s not sustainable. Meanwhile the administration still actively hostile towards domestic production, which is what will actually solve the problem.

toomuchtodo 4y ago
Getting off of oil solves the problem, not bandaids like temporarily stoking production of a resource we don’t want to be using. In an ideal scenario, we’d institute a carbon tax and subsidize EVs and clean electrical generation if US politics weren’t broken, but here we are. The average voter doesn’t understand global oil market economics, geopolitics, refinery capacity, fossil investment divestitures, etc, they just want to drive where they want to go. Don’t want to be beholden to a constrained energy resource? Switch to proven alternatives. It’s not rocket science. Make it cheap to buy EVs and make it more financially painful to by combustion vehicles, even if you’re cutting checks to EV makers out of the Fifth Fleet’s budget.
- rayiner 4y ago
  > In an ideal scenario, we’d institute a carbon tax and subsidize EVs and clean electrical generation if US politics weren’t broken US politics isn’t “broken” most voters just don’t care enough about climate change to actually do anything more than support mitigation efforts in the abstract as long as it doesn’t cost them anything. My parents, for example, are core democrat voters: older minorities who vote straight ticket democrat not only in presidential elections, but random local ones. My parents didn’t even vote for Larry Hogan, who won our Biden-leaning county by 38 points. And they don’t care at all about climate change! They have a car and aren’t going to buy an EV. Their biggest concern right now is inflation and gas prices. (My dad blames Biden for not strong arming Ukraine into quickly capitulating so the Russian gas can keep flowing.) If you polled them they would say that we should do something about climate change, because they know republicans are climate change deniers and don’t want to come across as being Republican, but it’s a purely symbolic belief that doesn’t affect their voting patterns at all.

itwasntmeshaggy 4y ago

Policy causes increases on the market, and you shouldn’t shill politics on HN of all sites. In my area we went from 1.80 to a high of 4.60 and are sitting around 4.00 today. The administration doesn’t get credit for a small correction on a massive price spike.

roflyear 4y ago
Some quick googling says your full of crap and misrepresenting. Sure maybe gas went to 1.80 at the bottom of COVID! But most likely that was from a previous value of about $3. Georgia had a high of about 4.60 and now gas is 3.70 up from $3 a year ago.
roflyear 4y ago
Where do you live that gas was 1.80?
PenguinCoder 4y ago
Agreed, the current administration doesn't get the credit for lower gas prices just as it shouldn't get the blame for higher gas prices. That was the point of my comment, that many people in America are quick to blame the president for a price increase but don't say a word of thanks when it decreases. Can't have it both ways.
- josephcsible 4y ago
  That's not the point. The President's actions absolutely have substantial effects on gas prices. The point is that if you raise prices of something by 250% and then lower them by 15%, you don't get to take credit for lowering the prices, since your net action was still to raise them by 200%.
- not_a_shill 4y ago
  He didn't agree with you if I read his post correctly. He said "Policy causes increases on the market" meaning that the government can impact prices. Your original post went against that idea, or at least attempted to discredit it by reducing the argument down to a stock phrase. And then he said "The administration doesn’t get credit for a small correction on a massive price spike". I'll give him the benefit of the doubt and assume he's a reasonable person. So perhaps he's willing to give a letter of thanks rather than the whole word until prices fall further. At this point it's like thanking someone for a bandaid after they've cut your finger off.