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This is Biden’s Economy
-10 upvote, 23 comments. Sidechat image post by Anonymous in US Politics. "This is Biden’s Economy"
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Anonymous 1w

Natural average gas prices per year: 2020: $2.20 2021: $3.07 2022: $4.07 2023: $3.52 2024: $3.31 2025: $3.16 rn: $4.24

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Anonymous 1w

I don't think Biden took a single action that had any effect on gas prices

upvote 9 downvote
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Anonymous 1w

No really. Guess when I took this photo. Not in 2026

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Anonymous replying to -> OP 1w

They hate but they know you right

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Anonymous replying to -> OP 1w

Gas reached a 4 year high a couple days ago, we’re only 2 years into this train wreck

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Anonymous replying to -> #3 1w

What happened 4 years ago? Who was president then

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Anonymous replying to -> OP 1w

Russia invaded Ukraine

upvote 8 downvote
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Anonymous replying to -> #2 1w

That doesn’t really answer my question but ok

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Anonymous replying to -> OP 1w

https://www.forbes.com/sites/rrapier/2023/03/29/how-russias-invasion-of-ukraine-impacted-gasoline-prices/

upvote 9 downvote
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Anonymous replying to -> #2 1w

This was a heavy spike globally, not just US

upvote 6 downvote
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Anonymous replying to -> OP 1w

Following the 2022 invasion, oil prices increased roughly 50% in weeks as a direct result

upvote 7 downvote
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Anonymous replying to -> #4 1w

In 2022 I think he released reserves of gas to try to offset some of the costs of gas after the invasion and plenty of major countries like the U.S. and UK then banning Russian oil imports, but beyond that I think prices were basically due to Covid and the Russian Ukraine conflict happening during his presidency much more than as a result of any minor actions he took

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Anonymous replying to -> #2 1w

That's true. That's fair.

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Anonymous replying to -> #4 1w

Where as gas rn is because Trump decided to partner with Isreal and have conflict with Iran

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Anonymous replying to -> #2 1w

Yes

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Anonymous replying to -> #2 1w

Israel*

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Anonymous replying to -> #2 1w

There’s a very slim argument to be made that Biden fucking with the reserves could’ve made gas prices worse, but in practice it actually helped given the bizarre position the world was in. There’s literally no explanation for gas prices right now other than trump having water in his brain. Totally avoidable. 100 percent unnecessary. But the people around Trump wanted to see Arab flesh burn, and trumps too demented to stop them.

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Anonymous replying to -> OP 1w

A global disaster happened 4 years ago, and Russia invaded Ukraine. Two things outside of the US control. What happened this time kiddo?

upvote 6 downvote
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Anonymous replying to -> #2 1w

True. A massive global spike, the US actually recovered from it faster than almost anyone else.

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Anonymous replying to -> onigiri. 1w

Yeah I meant it as in getting out the reserves did help, it was just so bad when the Ukraine Russia thing started that it wasn’t enough to completely offset it or anything

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Anonymous replying to -> #2 1w

Don’t forget the Keystone XL Pipeline & drilling regulations. Though I agree with Biden on those decisions, they had an impact. Not as big as the ban on Russian oil though

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Anonymous replying to -> geopolitics 1w

The keystone pipeline was always just a piece of bullshit rhetoric from Trump. It had nothing to do with gas prices. It would have brought a small amount of heavy tar sands oil to refineries and export terminals in louisiana. I'm not aware of any new regulations Biden imposed on the oil and gas industry. Trump loved to blame Biden for,things and create this stark contrast but biden actually did very little that affected day to day gasoline prices

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Anonymous replying to -> #4 1w

Yeah like I said, the pipeline isn’t that significant. But those pipelines are still crucial for the transportation of oil, and would slash costs for certain regions. Wouldn’t have a huge impact for consumers

upvote 1 downvote