A gas pump displays current fuel prices, along with a sticker of President Biden, at a gas station in Arlington, Va., on March 16. The sticker says"I did that" — but the president wasn't responsible for rising prices then or falling prices now.A gas pump displays current fuel prices, along with a sticker of President Biden, at a gas station in Arlington, Va., on March 16.
The government does have some limited levers to try to adjust prices. President Joe Biden's announcement ofe earlier this year did move markets — temporarily.What's driving prices down right now?One is an improving refinery situation. Last month, outages at refineries, particularly in the West and the Great Lakes area, sent prices in some regions skyrocketing.
"We were seeing, every day, gas prices increase by 10, 15, sometimes 20 cents a gallon," remembered Anlleyn Venegas, a San Diego-based AAA spokeswoman. Now refineries are coming back online and the supply of gasoline is going up which, in turn, is pushing prices down. Meanwhile, autumn has arrived. That means, like clockwork, pumpkin spice has taken over the grocery aisle, colorful leaves have taken over Instagram — and demand for gasoline has started to decrease. Americans drive less when it's colder, and gas prices almost always go down this time of year.
Major oil companies profits soar in third quarter of 2022, continuing massive industry profits even as Russia invades Ukraine causing spiraling prices for consumers. ExxonMobil reported its highest earnings ever $19.7 billion for the quarter, Shell second highest of $9.5 B
ChrisMurphyCT Odd. Biden was just bragging about how he reduced them. Which of you is lying?
Trumpanzees 🐒 don’t let the facts dictate their opinions.😅
Wrong NPR. President Trump policy on oil production and energy independence showed the World what can be done. It’s possible to return to that policy.
Horse sh*t propaganda....
The people that put these stickers on pumps (vandalizing private property) probably aren’t going to be seeing this article in their feed
Biden said he would end the fossil fuel industry. You really think that has had no affect on supply?
Energy independent the day Joe was elected. Now we are beggikg countries that hate us to produce oil. FU its all Joe's fault. DefundNPR
Joe Biden declared war on the US oil industry his first day in office.
Lol
Wait... he takes responsibility when he drops them but has no control when they go up... keep pumping that propaganda NPR.
The current admin won't let us drill our own oil. Yes, it is the current admins fault
You can polish a turd all you want. You might make it a little shinier but it’s still a turd.
But what happened to the American production of domestic oil? Strangled by bidens policies therefore thus is on his administration
They just want a reason to hate. They don't want an answer.
I'm not seeing any changes in driving habits so the price can't actually be affecting the ones who are complaining. They just want to gripe and blame.
ChrisMurphyCT I call BS.
Carry that water!
Shell doubled their profits this last quarter over the same quarter last year. Can't be because of that
Now please report more about this and also that current inflation is a result of Covid supply chain disruptions—over 2 yrs of Covid makes the economic fallout from the pandemic that long to straighten out—stop letting GOP lies about inflation go unchecked
Bravo, people. You saw an opportunity to piss on a good thing right before an election for the soul of our country and you didn't let it escape. 👏
Biden's warmonger = higher gas prices.
So releasing millions of barrels of oil is unrelated to supply and demand, as is heavy investing in moving to electric vehicles? Do you reporters read much?
so, now that most of Republicans believe that Biden and Democrats have control over or can influence gas prices because of your 'gas prices - a problem for Dems' stories over the past several months *now* you come out with this, which should have been the first of many like it?
Context
Prices must be going up again otherwise NPR would be celebrating how Biden lowered prices.
Holy s**t. Imagine posting this NOW that gas prices are coming down. Instead of the previous MONTHS when they were up. WOW the GOP NPR alliance is in full effect.
Is corporate greed a supply issue or a demand issue?
lol, way to show your ass
Biden increased supply, prices came down; how is that not Biden's doing?
RepublicansAreDestroyingAmerica
And WHO is exactly is effecting 'supply'? 🤡
ChrisMurphyCT How about when the president promises to phase out fossil fuels and starts shutting down or hampering supply? If it’s just supply and demand, why does Brandon take credit for every small decline then?
IN THIS CASE IT DOES MATTER WHO IS IN OFFICE
Mature adults know this.
Feel like this article could have been written months ago. 🤷♂️ gasprices
Gas prices are high Media: This is all Biden's fault!!!!!! Biden makes specific policy choices to bring gas prices down Media: Who knows why gas prices are the way they are, the universe is mysterious, maaaaan.
You are VERY wrong. Biden shut down all production, instantly raising the price and destroying any leverage we had around the world. Russian attacked Ukraine cuz of it. Now our reserves are being drained and we beg the Saudis, who are saying FU. You are so wrong it’s pathetic
Oh now you're saying this? You sure sang a different tune when prices were rising.
This article is interestingly timed 🤔
Tell that to Californian's who have the highest prices in the country due to decades of DEMOCRAT rule! NEWSOM is a horrible Governor and the worst Grin F**ker in politics and that's saying a lot!
Tell that to plebes and the conservatives...🤪
We are such a coddled nation. Imagine if we ever asked people to ration? Boomers would be throwing feces at the white house.
Well, this message is of course true, but the devil is in its timing. Does NPR counsel the public to not see the president as responsible only when gas prices are going *down* under a *Democratic* president?
ChrisMurphyCT Only Republican Presidents have an impact on fuel prices?
Biden attempted to get the Saudis to delay their production cut until after the midterms. That sounds an awful lot like collusion and inviting a foreign nation to move the needle in a US election - which is *checks notes* ILLEGAL.
ChrisMurphyCT You’re just plane WRONG! Biden stopped Keystne and disincentivized domestic production. Prices UP He then drained our Strategic Oil Reserves Prices DOWN He then encouraged Russia Ukraine conflict Prices UP He tried to bribe OPEC What’s next?
ChrisMurphyCT Where was this article when they were up?
The same loudmouths who claim market forces will solve everything want governments to intervene when they're affected by something controlled by... MARKET FORCES
Propaganda from the left wing media. Fact is, prices began to skyrocket the day Biden took office. That is an undeniable fact.
The federal government affects supply through regulations and red tape. Biden runs the federal government.
One reason: threats of windfall profits tax.
NPR - this is propaganda. Just stop it lol Telling companies that you have a mandate to prevent them from making money in the future (Biden - 'we're going to end fossil fuels') will of course make them raise prices now.
But this goes against their agenda of blaming everyone but themselves.
Capitalists did that.
Take an economics class NPR.
NPR is just dumb Democrat talking points. Why does the Government fund them? Defund NPR!!!
Yet you’ll write a headline “Republicans attack Biden over gas prices.” Which is it?
But what if his quid pro quo with the Saudis falls through and gas prices go up?
The president can do a lot to affect supply though.
Tell our president
two words....KeystoneXL Pipeline.
You didn't say such things when Trump was in office. Biden has reduced America's ability to refine and produce oil. He did it from day one when he cancelled the pipeline. We used to be energy independent, but he destroyed that. You are lying to us again.
Except in NJ where the low prices peaked in Sept and since the have steadily risen. I understand oil/petroleum company profits havery been enormous this year. OPEC and Republicans must be pleased. This +inflation are global issuea. Wish most Americans would comprehend it.
Except when a president says the are going to 'end fossil fuels.'
Keep blaming the Presidents for the price of gas and they'll do something about it. Like seize the capabilities. Be careful what you wish for....
It's been abundantly clear from the beginning that the rise in gas prices is caused primarily by OPEC cutting supply and keeping supply low as we come out of a pandemic and demand surges. There is little you can do to fix that
Genuine question (maybe you have the receipts?): do you do these stories when Republicans are president or only for Democrats?
Isn’t it funny that NPR posted this article two weeks before the election? Where was this truth a month ago? But the democrats… it’s shameful that we Americans don’t take Democracy and voting seriously. We really are doomed.
BUT WE KNEW THAT. If we have half a brain anyway.
Keep pumping out bull shit articles trying to cover for Biden
NPR with a Hail Mary before the elections
Everyone with more than half a brain already knows this.
NPR you and your fellow cronies will do and say whatever you think will save the corrupt narrative of the DC establishment! You and the rest of the fake corrupt media can't change what we all see is going on this ant Orwell's 1984!
Really? Tell me who controls the supply then C’mon man
You could've been telling this to the dummies all along... Somebody should be shouting it from the rooftops... but no, let's keep letting the trumpies blame Biden & think they're clever. 🙄 Also, sometimes demand isn't the issue.. it's just plain greed with no accountability.
Bullshit!
Media when prices go down: “Hurray for Biden!” Media when prices go up: “Well it’s really not his fault, he has no control over the prices.” 🤦🏼♂️
I remember constantly hearing, back in the day, that Bush was the oil President. Now I’m confused.
Declare that oil must end, then take policies to implement that result. Oil prices skyrocket. Act shocked, blame others. Repeat.
Great example of gas lighting. Biden’s policies have most definitely impact the cost of gas. Stop lying to people.
Your arms getting tired?
So hard to understand. Gas and diesel come from oil. But we don’t allow drilling and exploring for oil. And can’t figure out how to make gas and diesel without oil. So prices go up…but nobody is to blame.
And yet everybody blames Biden when they go up so why not give him credit when they go down?
They went up almost immediately after Biden taking office. Thanks, National Propaganda Radio.
Didn’t he shut down a few pipelines and cut lease sales? Does that not cut the available supply?
except Joe restricted supply by shutting down the pipeline and restricted drilling on federal lands. But good try NPR. Capitalism is not your thing.
You are like an abused spouse who starts punching themself to save the abuser the effort. Gas prices are overwhelmingly set by supplier greed. Also the executive branch can unilateral institute price controls. Just shut up. Delete your account and give my money back.
Supply and demand Who’d a thought? How about we try to limit our demand? I know crazy huh?
FACT CHECK- Fuel prices ARE effected by the choices made by the person(s) who is (are) in office. Decisions/actions that effect supply or demand will indeed impact price.
He could have done price controls or do the gasoline cards. He chose to do essentially nothing.
Ok, so if someone in office does something to disrupt that supply, they would therefore have something to do with it, no?
How does 'supply and demand' account for price gouging? For God's sake get someone on economic issues that doesn't just regurgitate econ 101 or Larry 'Good friend of Epstein' Summers.
NPR: we honestly don't believe that governments can affect the market and thing like supply and demand by their actions. Also: Raise taxes on cigarettes to get people to stop smoking. Also also: Raise taxes of soft drinks to make people thinner.
Funny thing is we didn't have these, so called swings with the last President. But good way to run cover for the Puppet President.
Cost's down? Where do you live, in fantasyland.
He wanted the credit when they dropped…
No. Joel Biden controls gas prices. He wants everyone to drive an electric car so he increased the price of oil worldwide to make it happen.
Just wait for the big oil profits to come out. Then talk about supply and demand.
It’s astonishing how many Americans refuse to understand this very simple fact.
Q: What article should NPR write if gasoline futures have risen 26% in the past month? A: This one right here.
It’s not complicated, kids Want The freedom to live without fear of joes illegals and his soft on crime platform? Want Affordable gas and food? The solution is So simple even a leftist can understand. The Americans are coming! Join us! 12Days🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
NPR up to its subterfuge again. Swings, maybe. But long inflationary prices, absolutely whose in office now.
Intro American government 101 should let you know that no president of any political affiliation holds more power over free range capitalism. The irrationality to think, in a capitalist country, the prices around you are significantly and consistently influenced by the gov is sad
Its really not set by supply and demand when you have OPEC artificially squashing supply to keep prices up, mainly to help Putin and to piss off Biden.
Fixed it
Presidents have no effect at all. 🙄
Nice try NPR. Biden/Harris created the perfect environment for the energy crisis we’re suffering through. A weak, decrepit US POTUS committed to delivering on his promise for pain to satisfy his radical climate goals is impossible to defend.
What actions were done by the presidential administration to move away from dependence on foreign oil? What was done shortly after POTUS took office?
Didn't you have an article saying biden helped bring down costs like 2 months ago? Congress must refund npr
😂😅😭'Biden trying to PRACTICE diplomacy'😭😅😂 After calling Saudi Arabia a 'pariah' country, he needs MORE than practice
If people are voting based off of gas prices, it just goes to show you that we should have an exam you have to pass to be able to vote. Just like a driver’s license
Painful when suppliers are allowed to manipulate demand by not investing in their ability to supply.
Find an oil company that hasn't posted RECORD profits in 2022
You don't actually believe this, do you?
I wouldn't be surprised if the people who put those stickers on gas pumps are also driving around every day in oversized, empty pickup trucks.
People always want to blame the easiest target when things aren't going well.
BULLSHIT
NPR, forgot to take an economics class this morning before posting 🐂💩
Every single Republican voted against taking windfall profits, the exact same types of profit, energy companies are reporting. Every single one.
Louder for the people in the back! One side blames the President for high prices, the President takes credit when prices drop. Neither are relevant, but the tactic continues.