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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.
It’s a politicized country, so every problem must have a political origin. And if you’re the U.S. president when gasoline prices soar above $4 per gallon, you’ve got some explaining to do.
The president doesn't control interest rates; the Federal Reserve does. Presidents don't control the price of food or gasoline; our capitalist market system does. Presidents, by and large, don't ...
An "I Did That!" sticker on a gas pump. I Did That! is a phrase found on stickers typically picturing U.S. president Joe Biden pointing at the price of gasoline on fuel pumps in gas stations around the United States. The stickers are a form of political activism, asserting that his policies have led to a rise in fuel prices. The stickers have ...
Gasoline prices have risen 48% during Biden's term, not 63%. Experts say the increase was largely independent of Biden's policies.
Meanwhile, 619 drugs had price dips. And already in 2020, 2,519 drugs have increased prices. The average hike so far this year is 6.9%. Meanwhile, the prices of 70 drugs have dropped." [103] The Kaiser Family Foundation surveyed the employer-sponsored health insurance market, reporting in September 2019 that: [55]
Newsom and the petroleum trade group have been locked in a political battle over gas prices since the summer of 2022. The governor ran ads in Florida calling out Gov. Ron DeSantis' conservative ...