Economy Gas price rise after the Russian invasion proves current events, not Keystone or Biden are the cause

[MicroBrew]

- Just before the Russians invaded Ukraine, regular unleaded was around $3.49, give or take .20 cents depending on where you bought it.
- Immediately after the Russian invasion gas prices shot up, and a week into the invasion the price had rise more than $1.
- So for those of you saying Biden is to blame, the sudden rise in a gallon of gas after the invasion shows that he isn't to blame.
- This sudden rise in gas prices also supports the view that cancelling the Keystone XL did not raise gas prices because gas prices depend on current events, not something many years in the future.
- Gas prices were low in the first half of 2020 because of the pandemic. When the world started to open up prices rose because demand increased.

--
TL : DR
Gas prices did not rise because Biden cancelled Keystone XL.

Mariah Medina of KENS 5 spoke with Tom Tunstall, research director for the University of Texas at San Antonio’s Institute for Economic Development.

Tunstall has done a wide variety of research on oil and gas in his near-decade with the university. He said while prices at the gas pump are climbing, it’s independent of Biden’s decision.

"If oil prices go to $4 a gallon, it will be for other reasons than the fact that the keystone isn't under construction,” Tunstall expained to KENS 5

https://www.firstcoastnews.com/arti...orida/77-26eb2bb3-cdd9-4196-9078-26fb43ad216d

And if you want a conservative news source pouring cold water on the belief that cancellation of pipelines effected oil prices, here is Forbes
https://www.forbes.com/sites/rrapie...he-blame-for-high-gas-prices/?sh=62e52d59e31e

 

[Mark Hunts FIST]

Can u show a graph of gas prices from feb 1 2021 until the month before the invasion?

 

[deadon]

I'm not even going to get into this one. If people can't understand speculation and policy it's not worth talking about.

 

[StoneColdSteveAustin]

I remember when Obama was President and oil prices were lower, the Fox News talking heads were crying about how lower oil prices were a negative and bad for the economy.

Ahhh simpler times.

 

[44nutman]

I only watch OAN and Newsmax and they told me it's the NWO, Satanic Pizza Loving philes, and Biden's fault for gas prices.
I trust them more than some Liberal Elite working at some woke ass college.
If Trump was President, 7-11 would be paying me to take their gas.

 

[MicroBrew]

Can u show a graph of gas prices from feb 1 2021 until the month before the invasion?

https://gasprices.aaa.com/

Pre invasion diesel (in Jan and Feb) was costing me around $3.49 . I just filled up at a cost of $4.99.

 

[HereticBD]

LOl @ this pathetic propaganda.

It ain't gonna save the Dems in November.

 

[bobgeese]

- Just before the Russians invaded Ukraine, regular unleaded was around $3.49, give or take .20 cents depending on where you bought it.
- Immediately after the Russian invasion gas prices shot up, and a week into the invasion the price had rise more than $1.
- So for those of you saying Biden is to blame, the sudden rise in a gallon of gas after the invasion shows that he isn't to blame.
- This sudden rise in gas prices also supports the view that cancelling the Keystone XL did not raise gas prices because gas prices depend on current events, not something many years in the future.
- Gas prices were low in the first half of 2020 because of the pandemic. When the world started to open up prices rose because demand increased.

--
TL : DR
Gas prices did not rise because Biden cancelled Keystone XL.

Mariah Medina of KENS 5 spoke with Tom Tunstall, research director for the University of Texas at San Antonio’s Institute for Economic Development.

Tunstall has done a wide variety of research on oil and gas in his near-decade with the university. He said while prices at the gas pump are climbing, it’s independent of Biden’s decision.

"If oil prices go to $4 a gallon, it will be for other reasons than the fact that the keystone isn't under construction,” Tunstall expained to KENS 5

https://www.firstcoastnews.com/arti...orida/77-26eb2bb3-cdd9-4196-9078-26fb43ad216d

And if you want a conservative news source pouring cold water on the belief that cancellation of pipelines effected oil prices, here is Forbes
https://www.forbes.com/sites/rrapie...he-blame-for-high-gas-prices/?sh=62e52d59e31e

They invaded precisely because Biden is the weakest "leader" in our lifetimes. If Trump had won, none of this would have occurred.

So no, you're wrong.

 

[MicroBrew]

They invaded precisely because Biden is the weakest "leader" in our lifetimes.

So no, you're wrong.

So everything is Biden's fault?
This is like saying Al Qaeda carried out 9-11 because Bush Jnr was the weakest leader in our lifetime.

 

[MicroBrew]

LOl @ this pathetic propaganda.

It ain't gonna save the Dems in November.

Are you denying that the price of a gallon of gas/diesel has considerably shot up in price immediately after Russian invaded Ukraine?

 

[Mark Hunts FIST]

https://gasprices.aaa.com/

Pre invasion diesel (in Jan and Feb) was costing me around $3.49 . I just filled up at a cost of $4.99.

Without a doubt, the Russian invasion has made gas go up quickly.
Gas prices have also been increasing over the past year. (Do not get me wrong. I am not blaming that ENTITELY on Joe)

 

[GoldenWolf87]

But the media isn't blaming the sanctions agaisnt Russia?

 

[Deorum]

I remember when Obama was President and oil prices were lower, the Fox News talking heads were crying about how lower oil prices were a negative and bad for the economy.

Ahhh simpler times.

It actually was/is bad for US drillers and producers at least, because they had/have much higher breakevens for extraction than Russia (which can balance its national budget at $42 oil) or the Saudis (the average Armaco field has a $15 breakeven). The US domestic industry ought to be operating at absolute maximum capacity and production right now, with plenty of surplus cash flow to pay back their creditors but it takes time to get rigs back online and wells restarted after shutting them down. They need to be given the green light with any and every previously impemented federal restriction lifted.

 

[GoldenWolf87]

Without a doubt, the Russian invasion has made gas go up quickly.
Gas prices have been increasing over the past year. Not the rocket shot Ike we have now.

Well if you consider that they just put the largest sanctions agaisnt Russia of course the gas had gone up.

 

[bobgeese]

So everything is Biden's fault.

 

[emefer]

 

[Yehudim]

LOl @ this pathetic propaganda.

It ain't gonna save the Dems in November.

The headline is too wordy, they need to compress it further to make it more digestible for the retards that would believe it

 

[HOLA]

They invaded precisely because Biden is the weakest "leader" in our lifetimes. If Trump had won, none of this would have occurred.

So no, you're wrong.

Cool story.

 

[ElKarlo]

I'm not even going to get into this one. If people can't understand speculation and policy it's not worth talking about.

Yeah that’s like showing a week’s worth of Amazon stock declining and dying that Amazon is a dog. This is dishonest framing by @MicroBrew as oil prices were going up since Biden took office

 

[ElKarlo]

Cool story.

Lol you always have the dumbest takes. You really are good at that. Well done at sucking