4 ms·
But let’s be clear, if gas prices have fallen, they are still much higher than what they were before, and the fallen gas prices had absolutely nothing to do wit
by Overtonwindow 4y ago
But let’s be clear, if gas prices have fallen, they are still much higher than what they were before, and the fallen gas prices had absolutely nothing to do with president, or congress, no matter how much credit they try to take for it.
- xnx 4y agoI posted this to bring some since of balance to all the high gas price stories that were previously on Hacker News. Gas prices are still plenty higher than during the period when driving was down significantly, and there was no war involving a major oil supplier. Gas prices will soon not be significantly different than they were for, say, 2011-2014: https://fred.stlouisfed.org/series/GASREGW https://fred.stlouisfed.org/series/GASREGW . You're right that, because petroleum is a global market, there's not a lot that the president or congress can do to do to bring prices down, but they also shouldn't be blamed for recent increases.