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From 1927 through 2016, the average excess stock market return (that is, the difference between the stock market return and the return on a risk-free investment) was 10.7% per year under Democratic presidents and -0.2% per year under Republican presidents. [26]
Any U.S. president would have little to do with this, as the OPEC countries operate independently based on their own production incentives, much to the chagrin of Western leaders.
Even adjusting for inflation, gas prices have been considerably higher under Biden. The average Trump price, in 2024 dollars, was $3.18. The average Biden price was $3.86.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
American drivers had it rough back in 1981. The average price of gasoline spiked to $1.353 a gallon that year -- up from $1.221 in 1980 and more than double the price just three years earlier....
The two political opponents purported this to be a short-term fix for gas prices that were set to hit $4 a gallon in the summer of 2008. With economic woes topping the American peoples' list of concerns, [4] this became a hotly debated issue in the 2008 U.S. Presidential Election.
One of the main focuses of the 2024 presidential election is on how President Joe Biden has handled inflation during his time in the White House. Biden supporters point to a steady easing of ...
The Lowering Gasoline Prices to Fuel an America That Works Act of 2014 is a bill that would revise existing laws and policies regarding the development of oil and gas resources on the Outer Continental Shelf. [1] The bill is intended to increase domestic energy production and lower gas prices. [2] [3]