The Soapbox

WahooMatt05

Joined: 08/30/2013 Posts: 26058
Likes: 48179


Gas prices haven't been this high since 2014


And I don't think the President has that much direct sway on gas prices. And I probably mocked Republicans during Obama's term when they tried to hammer him on gas price increases since he took office, when gas prices were really low in Jan 2009 but the economy was in shambles.

But, one of the most direct actions Trump has made that influenced gas prices was backing out of the Iran deal, which has caused prices to go up. While it looks flat in the last two months, the article I linked mentioned that oil prices were increasing leading up to us pulling out of the Iran deal as it was expected, so it was priced in already. I think the Q1 to Q2 jump is in part due to the Iran deal, in addition to standard summer spikes. So Trump can be partially blamed for it. I wouldn't make it a Dem platform position, but if he is going to complain about high gas prices, it's more than fair to call him out on backing out of the Iran deal, which decreases global supplies leading to higher prices.

(In response to this post by BocaHoo91)

Posted: 07/05/2018 at 10:32AM



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Current Thread:
 
  
As gas prices rise, our great Prez tweets. -- Lazarus 07/05/2018 08:23AM
  Summer demand ** -- ConnHoo 07/05/2018 09:19AM
  $75 oil is due to Drumpf dumbass Iran policy. ** -- Shenhoo 07/05/2018 11:46AM
  So you approved of the Iran deal? ** -- ConnHoo 07/05/2018 11:53AM
  Simma down, no one is advocating ditching capitalism. -- Chuck Taylor 07/05/2018 09:53AM
  Lol ** -- Guy LeDouche 07/05/2018 3:08PM
  You can find true believers pretty much anywhere ** -- Faz d. Hoo 07/05/2018 09:47AM
  These people simply cannot admit they were wrong -- hooyorkcity 07/05/2018 09:12AM

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