Quote:
Originally Posted by PaceAdvantage
The graph clearly shows prices headed down before 2020.
It also shows prices have gone way beyond any highs reached during the Trump years.
And it also shows prices going beyond any reached during the Trump years, BEFORE the invasion of Ukraine.
This makes 100% sense given Biden's stated goals when it comes to fossil fuels.
The words of a president matter, remember?
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Instead of a graph, which shows trends, not specifics, let’s use this.
https://www.eia.gov/dnav/pet/hist/Le...te_nus_dpg&f=m
Looking at the table we see that gas in January 2017 was $2.349 a gallon. The highest price that year was $2.645 in September. In 2018 the top gasoline price was $2.901 in May.
One thing to notice is the price generally goes down between September and December. That explains the decrease prior to Russia’s invasion of Ukraine.
Which brings us to the question of the effect of the war in Ukraine on gas prices.
Russia invaded Ukraine on Feb. 24, 2022. On Jan. 18, 2021, two days before Biden took office, gasoline cost $2.379 a gallon. On Feb. 21, 2022 it cost $3.53 per gallon. In increase of $1.151 per gallon over a period of 13 months. Currently gas is $4.49 a gallon.
That is an increase of 96 cents a gallon over a period of about five months.
Ukraine accounted for 45% of the total increase in gasoline prices in 28% of the time.
