From William Weir...Author, Journalist, Minister
Briefly. Gas prices got as low as $1.87 in February 2016 under Obama, holding steady around $2.30 until Trump took office. From there they rose steadily until October 2018, reaching a peak of almost $3.00. As the economy continued to flounder under Trump (2018 saw the worst year for the stock market since the 2008 housing crisis; the Fed lowered interest rates in 2019 for the first time since Bush was President to try to prevent a recession), prices fell slightly, holding around $2.65 until the pandemic.
Once Trump mishandled the pandemic and the country began shutting down, demand for fuel dropped and prices fell, reaching $1.93 in April 2020—almost as low as a year before Trump took office. Trump then stated that low gas prices (during a financial crisis) was bad for America. He pushed OPEC into a two year deal to slash production to drive up prices. (This is probably the only thing in his failed Presidency that he successfully accomplished.) Gas prices began to rise immediately and continued to rise until Biden took office.
Once Biden reopened the country, people started driving normally again and the global oil shortage Trump created drove prices up even faster. Prices continued to climb until Trump’s OPEC deal ended in May 2022, peaking at just over $5.00 in June. Then normal production resumed and prices began to fall again. Currently prices are hovering around $3.00 a gallon, about where they were at the end of 2018—the last time the economy was considered reasonably stable under Trump.
So long story short, Trump’s failed economy did lead to gas prices dipping before reaching a record high because of his OPEC deal, but thanks in part to record high domestic oil production under Biden, gas prices are back in line with where they were before the “Trump Slump” despite global inflation driving prices up on almost everything else.
So let’s adjust the numbers for global inflation. The $2.30 under Obama in 2016 would be $2.97 in today’s dollars. That $3.00 under Trump in 2018 would be $3.71 in today’s dollars. The $2.65 we averaged in 2019 would be $3.22 in today’s dollars. So adjusting for inflation, gas prices now under Biden are lower than they were before the pandemic under Trump, and only slightly higher than they were in the final year of Obama’s Presidency.
slatten49 wrote:
From William Weir...Author, Journalist, Minister
Briefly. Gas prices got as low as $1.87 in February 2016 under Obama, holding steady around $2.30 until Trump took office. From there they rose steadily until October 2018, reaching a peak of almost $3.00. As the economy continued to flounder under Trump (2018 saw the worst year for the stock market since the 2008 housing crisis; the Fed lowered interest rates in 2019 for the first time since Bush was President to try to prevent a recession), prices fell slightly, holding around $2.65 until the pandemic.
Once Trump mishandled the pandemic and the country began shutting down, demand for fuel dropped and prices fell, reaching $1.93 in April 2020—almost as low as a year before Trump took office. Trump then stated that low gas prices (during a financial crisis) was bad for America. He pushed OPEC into a two year deal to slash production to drive up prices. (This is probably the only thing in his failed Presidency that he successfully accomplished.) Gas prices began to rise immediately and continued to rise until Biden took office.
Once Biden reopened the country, people started driving normally again and the global oil shortage Trump created drove prices up even faster. Prices continued to climb until Trump’s OPEC deal ended in May 2022, peaking at just over $5.00 in June. Then normal production resumed and prices began to fall again. Currently prices are hovering around $3.00 a gallon, about where they were at the end of 2018—the last time the economy was considered reasonably stable under Trump.
So long story short, Trump’s failed economy did lead to gas prices dipping before reaching a record high because of his OPEC deal, but thanks in part to record high domestic oil production under Biden, gas prices are back in line with where they were before the “Trump Slump” despite global inflation driving prices up on almost everything else.
So let’s adjust the numbers for global inflation. The $2.30 under Obama in 2016 would be $2.97 in today’s dollars. That $3.00 under Trump in 2018 would be $3.71 in today’s dollars. The $2.65 we averaged in 2019 would be $3.22 in today’s dollars. So adjusting for inflation, gas prices now under Biden are lower than they were before the pandemic under Trump, and only slightly higher than they were in the final year of Obama’s Presidency.
From William Weir...Author, Journalist, Minister b... (
show quote)
Your source is questionable at best; writer, journalist, minister. Really?
According to the U.S. Bureau of Labor Statistics, prices for gasoline (all types) are 50.30% higher in 2024 versus 2016 (a $1.69 difference in value).
The current national average price is $3.36 for "Gasoline, unleaded regular, per gallon/3.785 liters". This data is collected by a national survey and can vary from region to region.
Between 2016 and 2024: Gas experienced an average inflation rate of 5.23% per year. This rate of change indicates significant inflation. In other words, gas costing $3.36 in the year 2016 would cost $5.05 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.22% during this same period, inflation for gas was higher.
In the year 2016: Pricing changed by -11.51%, which is significantly below the average yearly change for gas during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for gas was much lower.
Lily wrote:
Your source is questionable at best; writer, journalist, minister. Really?
According to the U.S. Bureau of Labor Statistics, prices for gasoline (all types) are 50.30% higher in 2024 versus 2016 (a $1.69 difference in value).
The current national average price is $3.36 for "Gasoline, unleaded regular, per gallon/3.785 liters". This data is collected by a national survey and can vary from region to region.
Between 2016 and 2024: Gas experienced an average inflation rate of 5.23% per year. This rate of change indicates significant inflation. In other words, gas costing $3.36 in the year 2016 would cost $5.05 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.22% during this same period, inflation for gas was higher.
In the year 2016: Pricing changed by -11.51%, which is significantly below the average yearly change for gas during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for gas was much lower.
Your source is questionable at best; writer, journ... (
show quote)
Slats posts are always ELWNJ spin
slatten49 wrote:
From William Weir...Author, Journalist, Minister
Briefly. Gas prices got as low as $1.87 in February 2016 under Obama, holding steady around $2.30 until Trump took office. From there they rose steadily until October 2018, reaching a peak of almost $3.00. As the economy continued to flounder under Trump (2018 saw the worst year for the stock market since the 2008 housing crisis; the Fed lowered interest rates in 2019 for the first time since Bush was President to try to prevent a recession), prices fell slightly, holding around $2.65 until the pandemic.
Once Trump mishandled the pandemic and the country began shutting down, demand for fuel dropped and prices fell, reaching $1.93 in April 2020—almost as low as a year before Trump took office. Trump then stated that low gas prices (during a financial crisis) was bad for America. He pushed OPEC into a two year deal to slash production to drive up prices. (This is probably the only thing in his failed Presidency that he successfully accomplished.) Gas prices began to rise immediately and continued to rise until Biden took office.
Once Biden reopened the country, people started driving normally again and the global oil shortage Trump created drove prices up even faster. Prices continued to climb until Trump’s OPEC deal ended in May 2022, peaking at just over $5.00 in June. Then normal production resumed and prices began to fall again. Currently prices are hovering around $3.00 a gallon, about where they were at the end of 2018—the last time the economy was considered reasonably stable under Trump.
So long story short, Trump’s failed economy did lead to gas prices dipping before reaching a record high because of his OPEC deal, but thanks in part to record high domestic oil production under Biden, gas prices are back in line with where they were before the “Trump Slump” despite global inflation driving prices up on almost everything else.
So let’s adjust the numbers for global inflation. The $2.30 under Obama in 2016 would be $2.97 in today’s dollars. That $3.00 under Trump in 2018 would be $3.71 in today’s dollars. The $2.65 we averaged in 2019 would be $3.22 in today’s dollars. So adjusting for inflation, gas prices now under Biden are lower than they were before the pandemic under Trump, and only slightly higher than they were in the final year of Obama’s Presidency.
From William Weir...Author, Journalist, Minister b... (
show quote)
Nice spin.
Yes gas was cheaper under trump, hell EVERYTHING was cheaper under trump.
Liberty Tree wrote:
Slats posts are always ELWNJ spin
He is a member of the Biden
cult.
slatten49 wrote:
From William Weir...Author, Journalist, Minister
Briefly. Gas prices got as low as $1.87 in February 2016 under Obama, holding steady around $2.30 until Trump took office. From there they rose steadily until October 2018, reaching a peak of almost $3.00. As the economy continued to flounder under Trump (2018 saw the worst year for the stock market since the 2008 housing crisis; the Fed lowered interest rates in 2019 for the first time since Bush was President to try to prevent a recession), prices fell slightly, holding around $2.65 until the pandemic.
Once Trump mishandled the pandemic and the country began shutting down, demand for fuel dropped and prices fell, reaching $1.93 in April 2020—almost as low as a year before Trump took office. Trump then stated that low gas prices (during a financial crisis) was bad for America. He pushed OPEC into a two year deal to slash production to drive up prices. (This is probably the only thing in his failed Presidency that he successfully accomplished.) Gas prices began to rise immediately and continued to rise until Biden took office.
Once Biden reopened the country, people started driving normally again and the global oil shortage Trump created drove prices up even faster. Prices continued to climb until Trump’s OPEC deal ended in May 2022, peaking at just over $5.00 in June. Then normal production resumed and prices began to fall again. Currently prices are hovering around $3.00 a gallon, about where they were at the end of 2018—the last time the economy was considered reasonably stable under Trump.
So long story short, Trump’s failed economy did lead to gas prices dipping before reaching a record high because of his OPEC deal, but thanks in part to record high domestic oil production under Biden, gas prices are back in line with where they were before the “Trump Slump” despite global inflation driving prices up on almost everything else.
So let’s adjust the numbers for global inflation. The $2.30 under Obama in 2016 would be $2.97 in today’s dollars. That $3.00 under Trump in 2018 would be $3.71 in today’s dollars. The $2.65 we averaged in 2019 would be $3.22 in today’s dollars. So adjusting for inflation, gas prices now under Biden are lower than they were before the pandemic under Trump, and only slightly higher than they were in the final year of Obama’s Presidency.
From William Weir...Author, Journalist, Minister b... (
show quote)
I ask you to remember this price astronomical rise and slight drop is FAKE. Same as the food one. The regime got together with Big Business and they decided all these prices.
slatten49 wrote:
From William Weir...Author, Journalist, Minister
Briefly. Gas prices got as low as $1.87 in February 2016 under Obama, holding steady around $2.30 until Trump took office. From there they rose steadily until October 2018, reaching a peak of almost $3.00. As the economy continued to flounder under Trump (2018 saw the worst year for the stock market since the 2008 housing crisis; the Fed lowered interest rates in 2019 for the first time since Bush was President to try to prevent a recession), prices fell slightly, holding around $2.65 until the pandemic.
Once Trump mishandled the pandemic and the country began shutting down, demand for fuel dropped and prices fell, reaching $1.93 in April 2020—almost as low as a year before Trump took office. Trump then stated that low gas prices (during a financial crisis) was bad for America. He pushed OPEC into a two year deal to slash production to drive up prices. (This is probably the only thing in his failed Presidency that he successfully accomplished.) Gas prices began to rise immediately and continued to rise until Biden took office.
Once Biden reopened the country, people started driving normally again and the global oil shortage Trump created drove prices up even faster. Prices continued to climb until Trump’s OPEC deal ended in May 2022, peaking at just over $5.00 in June. Then normal production resumed and prices began to fall again. Currently prices are hovering around $3.00 a gallon, about where they were at the end of 2018—the last time the economy was considered reasonably stable under Trump.
So long story short, Trump’s failed economy did lead to gas prices dipping before reaching a record high because of his OPEC deal, but thanks in part to record high domestic oil production under Biden, gas prices are back in line with where they were before the “Trump Slump” despite global inflation driving prices up on almost everything else.
So let’s adjust the numbers for global inflation. The $2.30 under Obama in 2016 would be $2.97 in today’s dollars. That $3.00 under Trump in 2018 would be $3.71 in today’s dollars. The $2.65 we averaged in 2019 would be $3.22 in today’s dollars. So adjusting for inflation, gas prices now under Biden are lower than they were before the pandemic under Trump, and only slightly higher than they were in the final year of Obama’s Presidency.
From William Weir...Author, Journalist, Minister b... (
show quote)
Without reading the garbage that came after the topic title, the simple answer is, yes.
archie bunker wrote:
Without reading the garbage that came after the topic title, the simple answer is, yes.
The authors not even a financial person. It didn’t take but a few minutes to find a source citing government data.
He truly has become a Biden
cult member. He calls Trump supporters closed mind. His hatred blinds him.
According to Slatten none of that is Biden’s fault. Some way or another it’s Trump’s.
Lily wrote:
According to Slatten none of that is Biden’s fault. Some way or another it’s Trump’s.
Yes and Cuba Haiti and the Philippines Palestine Ukraine
slatten49 wrote:
From William Weir...Author, Journalist, Minister
Briefly. Gas prices got as low as $1.87 in February 2016 under Obama, holding steady around $2.30 until Trump took office. From there they rose steadily until October 2018, reaching a peak of almost $3.00. As the economy continued to flounder under Trump (2018 saw the worst year for the stock market since the 2008 housing crisis; the Fed lowered interest rates in 2019 for the first time since Bush was President to try to prevent a recession), prices fell slightly, holding around $2.65 until the pandemic.
Once Trump mishandled the pandemic and the country began shutting down, demand for fuel dropped and prices fell, reaching $1.93 in April 2020—almost as low as a year before Trump took office. Trump then stated that low gas prices (during a financial crisis) was bad for America. He pushed OPEC into a two year deal to slash production to drive up prices. (This is probably the only thing in his failed Presidency that he successfully accomplished.) Gas prices began to rise immediately and continued to rise until Biden took office.
Once Biden reopened the country, people started driving normally again and the global oil shortage Trump created drove prices up even faster. Prices continued to climb until Trump’s OPEC deal ended in May 2022, peaking at just over $5.00 in June. Then normal production resumed and prices began to fall again. Currently prices are hovering around $3.00 a gallon, about where they were at the end of 2018—the last time the economy was considered reasonably stable under Trump.
So long story short, Trump’s failed economy did lead to gas prices dipping before reaching a record high because of his OPEC deal, but thanks in part to record high domestic oil production under Biden, gas prices are back in line with where they were before the “Trump Slump” despite global inflation driving prices up on almost everything else.
So let’s adjust the numbers for global inflation. The $2.30 under Obama in 2016 would be $2.97 in today’s dollars. That $3.00 under Trump in 2018 would be $3.71 in today’s dollars. The $2.65 we averaged in 2019 would be $3.22 in today’s dollars. So adjusting for inflation, gas prices now under Biden are lower than they were before the pandemic under Trump, and only slightly higher than they were in the final year of Obama’s Presidency.
From William Weir...Author, Journalist, Minister b... (
show quote)
You and/or your source here are liars plain and simple. I saw 🪚 t go below 2 dollars three times here in Arizona under Trump. And has been over 2.50 per since fjb broke into our house.
Ranger7374
Loc: Arizona, 40 miles from the border in the DMZ
slatten49 wrote:
From William Weir...Author, Journalist, Minister
Briefly. Gas prices got as low as $1.87 in February 2016 under Obama, holding steady around $2.30 until Trump took office. From there they rose steadily until October 2018, reaching a peak of almost $3.00. As the economy continued to flounder under Trump (2018 saw the worst year for the stock market since the 2008 housing crisis; the Fed lowered interest rates in 2019 for the first time since Bush was President to try to prevent a recession), prices fell slightly, holding around $2.65 until the pandemic.
Once Trump mishandled the pandemic and the country began shutting down, demand for fuel dropped and prices fell, reaching $1.93 in April 2020—almost as low as a year before Trump took office. Trump then stated that low gas prices (during a financial crisis) was bad for America. He pushed OPEC into a two year deal to slash production to drive up prices. (This is probably the only thing in his failed Presidency that he successfully accomplished.) Gas prices began to rise immediately and continued to rise until Biden took office.
Once Biden reopened the country, people started driving normally again and the global oil shortage Trump created drove prices up even faster. Prices continued to climb until Trump’s OPEC deal ended in May 2022, peaking at just over $5.00 in June. Then normal production resumed and prices began to fall again. Currently prices are hovering around $3.00 a gallon, about where they were at the end of 2018—the last time the economy was considered reasonably stable under Trump.
So long story short, Trump’s failed economy did lead to gas prices dipping before reaching a record high because of his OPEC deal, but thanks in part to record high domestic oil production under Biden, gas prices are back in line with where they were before the “Trump Slump” despite global inflation driving prices up on almost everything else.
So let’s adjust the numbers for global inflation. The $2.30 under Obama in 2016 would be $2.97 in today’s dollars. That $3.00 under Trump in 2018 would be $3.71 in today’s dollars. The $2.65 we averaged in 2019 would be $3.22 in today’s dollars. So adjusting for inflation, gas prices now under Biden are lower than they were before the pandemic under Trump, and only slightly higher than they were in the final year of Obama’s Presidency.
From William Weir...Author, Journalist, Minister b... (
show quote)
Where do you get this stuff, I know for a fact, that in 2017, in a circle k in tucson, gas prices hit an all time low of $0.87 a gallon, (had the picture on my old phone), for three months straight....and that was when a barrel of crude was -$69 a barrel. So the post is false.
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