Closing the Keystone pipeline caused American gas prices to increase by $1.20 a gallon? Where did you get that information from? I know you've been fed a crock of crap which it seems you believe, but American oil production set record highs under Biden and America is that #1 oil producing nation in the world. Oil production increased every year Biden was president. Here are the facts about oil production under Biden.............
Biden isn’t advertising America’s record oil boom
Biden is not “waging war” on American energy. He’s boosting it.
The US is the largest crude oil producer in the world, pumping out nearly 13 million barrels on average every day in 2023, an all-time record, according to new data from the US Energy Information Administration.
That’s an awkward milestone for President Joe Biden, who has arguably done more than any modern president to facilitate America’s transition away from fossil fuels to greener alternatives.
For the last six years, America has outstripped Russia, Saudi Arabia, and other OPEC countries in crude oil production. And it has picked up the pace under Biden, who had approved more permits for oil and gas drilling on public lands by last October than former President Donald Trump had by the same point in his presidency.
Biden has expedited the construction of an oil pipeline in West Virginia and approved the Willow oil project in Alaska, over the opposition of environmental activists and despite his 2020 campaign promise to stop drilling on federal lands altogether.
Increased oil production has helped keep gas prices low after they spiked in 2022, even as OPEC countries have slashed supply in an attempt to drive prices higher and despite disruptions to the global supply chain wrought by Russia’s war in Ukraine. American production, bolstered by advancements in drilling that improve efficiency, is also helping to meet what is projected to be record global demand in 2024.
But Biden’s challenge now, in an election year, is reconciling the country’s expanding oil sector with his claim in the State of the Union address last week that he’s “taking the most significant action ever on climate in the history of the world.”
American oil production increased every year while Biden was president. You really need to stop believing everything you're being told and seek out the truth. Oil prices are set by global production. That's why prices are going down now........
Oil ends at four-year lows as OPEC+ accelerates output hikes
Won’t do much in America where price gouging and political price fixing seems to be the norm with big oil. A butterfly will fart in Nigeria and cause a shortage of materials for processing cheap crude into low dollar gasoline… watch and see.
Meanwhile, for the 20th year in a row, big oil betters will receive unwarranted windfalls from high profits. Same ole same ole played on a loop. Big oil backs the right ONLY. When a dem takes office, gas skyrockets, yet nobody can explain why. When Trump causes stagflation, gas goes down, even though prices on everything else goes up…. Rigged much?
Won’t do much in America where price gouging and political price fixing seems to be the norm with big oil. A butterfly will fart in Nigeria and cause a shortage of materials for processing cheap crude into low dollar gasoline… watch and see.
Meanwhile, for the 20th year in a row, big oil betters will receive unwarranted windfalls from high profits. Same ole same ole played on a loop. Big oil backs the right ONLY. When a dem takes office, gas skyrockets, yet nobody can explain why. When Trump causes stagflation, gas goes down, even though prices on everything else goes up…. Rigged much?
Reeeeaaaally reaching there!
"The problem with socialism is that you eventually run out of other peoples' money." Margarat Thatcher
Maybe but maybe not. Crude oil prices have dropped by 20% just since trump took office thanks to a major increase in production by OPEC+. Gasoline was just over $3.00 per gallon when trump took office. If the price of gas went down proportionately with the price of oil gas would cost about $2.40 a gallon now. How much is the price of gas where you live?
We both know his claim about gas being $1.98 a gallon was a lie.
It may all even out but as of now the price of gas hasn't decreased at the same rate as the price of crude oil.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
The returns are beginning to show up so citizens can judge the Trump policies.
US Tariff Impact: Prices Surge At Walmart And Target, Employees Say—Some Jumps Top 38%
Bibhu Pattnaik Mon, June 2, 2025 at 5:30 PM EDT 3 min read [url=https://finance.yahoo.com/news/us-tariff-impact-prices-surge-213029707.html][/url]
The tariffs imposed by President Donald Trump are reportedly leading to significant price increases at Walmart Inc. (NYSE:WMT) and Target Corporation (NYSE:TGT) stores across the U.S.
What Happened: The Walmart employees have been sharing images on Reddit that depict a sharp rise in prices, with some items seeing a surge of up to 45%. Similar price hikes have been noted at Target as well.
For example, a Jurassic World T. Rex toy at Walmart saw its price increase from $39.92 in late April to $55 in late May, a nearly 38% increase. The price of a Baby Born doll shot up from $34.97 in March to $49.97 in May, an approximate rise of 43%.
In addition, a left-handed fishing reel’s price jumped from $57.37 in April to $83.26 in May, a 45% increase. AisleGopher, a third-party website that monitors Walmart prices, confirmed these price hikes.
Last Thursday, Target also increased the price of the Baby Born doll to match Walmart’s increased price. However, Target CEO Brian Cornell stated that price increases would be a “very last resort”.
As per the report by Insider, in reaction to the tariff-induced price hikes, Walmart CFO John David Rainey warned that prices would continue to rise on some items in the coming weeks and months. President Trump responded by suggesting that Walmart should “eat the tariffs.”
Why It Matters: The price hikes at Walmart and Target are a direct result of the tariffs imposed by the Trump administration. These tariffs, aimed at protecting domestic industries, are causing a ripple effect on the retail sector, leading to increased costs for consumers.
The situation underscores the complex interplay between trade policies and consumer prices, with retailers caught in the middle.
As the tariff war continues, consumers and retailers alike will be closely watching the impact on prices and overall market dynamics.
Economists Raise Questions About Quality of U.S. Inflation Data
Labor Department says staffing shortages reduced its ability to conduct its massive monthly survey [url=https://www.wsj.com/economy/cpi-inflation-data-accuracy-8bd2a8ae][/url]
By Matt Grossman Follow Updated June 4, 2025 3:27 pm ET
