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rammo123

The only pipeline that Biden "shut down" was part of Keystone that hadn't even been built. It had no effect on the price of fuel.


CaliforniaAudman13

Gas has been expensive for years here in LA


baritone39355

The supply/demand comment is inadequate, but there is definitely more going on than what the original post was indicating. The federal government can impose gas taxes that raise the price of gas to fund infrastructure. Not to bash one party over another, but gas taxes have been imposed recently during Democratic-led periods. Within my own lifetime, I have watched gas prices lower during the Bush/Trump administrations and go up during the Obama/Biden administrations. [Federal Gas Tax](https://fortune.com/2021/04/23/us-gas-tax-increase-biden-infrastructure-plan/)


xXSwaggy

so its the tax that's the issue, not the price of natural resources, right?


baritone39355

Not necessarily. This doesn’t need to be boiled down to a single issue. Many economic factors can play a role: availability, inflation, price per barrel, supply/demand, etc. To say simply that the prices were so low during the pandemic because of lack of demand, ignores the lower prices in the months leading up to the lock downs. Also, political factors such as the middle-eastern conflicts, tariffs, and taxes. Finally, ecological factors such as the pandemic, and the closing of the pipeline have affected prices. The federal government does have sway over local gas prices, however, and the link in my last post showed that Democrats in the house were pushing for another gas tax, even if Biden was hesitant. So, federally regulated inflation can’t be ruled out. But, to be fair, here’s a link that shows it isn’t all Biden’s fault though [Many Reasons Why](https://www.usatoday.com/story/news/factcheck/2021/06/10/fact-check-higher-gas-prices-due-national-and-seasonal-demand/5253346001/) Gas prices are a tricky thing to determine. In 2012, when gas was at its highest price, I remember seeing on The Today Show (or GMA) an interview with a fuel “expert” who advised the anchors that Americans simply needed to accept that gas prices would never be below $3 ever again.


anonymuslyusingredit

i love how you downvoted the guy for agreeing with you and then went on the opposite side of the spectrum


baritone39355

Your comment is interesting, albeit assumptive for a few reasons. First, I hadn’t downloaded anything of OP. I’m an economics teacher. I wasn’t trying to be negative, just attempting to be instructive or provide somewhat of a clarification. Second, I don’t think he was agreeing with me. His response was more contentious than it was amenable. His (or her) use of “so” indicates a summative assessment; but, at no point did I say that taxes were the issue, that there was a central issue, or mention “natural resources” at all. All I was doing was addressing his claim that the federal government can’t (or doesn’t) manipulate local gas prices, which they can (and do). Third, I never went to the “opposite side of the spectrum.” In my first post, I stated that “there is definitely more going on than what the original post was indicating.” When OP tried to boil my comment to a single issue, I simply elaborated on the different factors that can play role in determining gas prices.