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submitted 3 weeks ago by [email protected] to c/[email protected]

President Joe Biden is taking fresh steps to help keep gas prices from climbing. For Republicans to see this as “disgusting” and “disgraceful” is bizarre.

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[-] [email protected] 25 points 3 weeks ago

Is there even a hair of validity to the argument that Biden’s “environmental polices” are leading to increased gasoline prices? The US is literally producing more gasoline than it uses, and oil imports are taxed federally at about 2¢.

Seems like most of the squeeze is from petro states, oil cartels, and corporations that want to price gouge.

[-] [email protected] 3 points 3 weeks ago

Whether the US is a net importer or exporter of oil and gas is actually pretty irrelevant to gas prices. It's important for other reasons, but oil is a global market regardless of where it's produced.

this post was submitted on 27 May 2024
481 points (97.2% liked)

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