Last week gasoline prices dipped down to $1.82 per gallon in our parea. The day after the President gave his speech it went right back up to $2.09. The day prior, I was excited about the possibilities that gas prices where on their way to acceptable and less threatening costs, I finally felt a little relief to be able to fill up for less than $35.00. Now I wonder if President "Big Texas Oil Man" Bush doesn't have more to do with gas prices than what we are lead to believe. Was he prepping America for his speech about the war and thought "drop the price so at least they will be in a better mood?" and after his speech put the price back up? Does anyone wonder this?
2007-01-26 07:32:09 · 23 answers · asked by Junior's Gal 3 in Politics & Government ➔ Politics
Maybe we are looking for someone to blame and maybe I don't understand the "Economics" of it all, but I don't think I am the ONLY person who has wondered this same thing.
2007-01-26 07:50:04 · update #1
I see what you are saying...it does seem to be quite a coincidence that this would happen. As long as the gas prices continued to fall, people had a brighter hope for the future. Then the President gives his speech and the next day they go up. He said what he had to say, it was a way for him to get more people to tune into his speech, not give him a better approval rating. He had to get his ratings, so if people saw some positivity, with the price of fuel going down people would give him the chance to at least hear what he had to say. Don't listen to the "experts" Junior's gal, you are not the only one who sees this pattern, I have heard many people at work say the same thing.
2007-01-26 08:23:49 · answer #1 · answered by Poker_Chick 2 · 1⤊ 0⤋
If the President is in mattress with company pastimes which have a good stake interior the oil market, that President has as a lot effect as the different oil baron... If the President would not come from a lengthy line of oil barons, then, he received't have a lot effect. In both case, although, even the oil barons bypass alongside with the time table of a international commerce association of oil pastimes who extremely set oil expenses to regardless of they could be able to get away with... So, extremely, it is a handful of Texans and the Saudis placing those expenses.
2016-10-16 03:41:50 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Why would he have an impact on gas prices, and what would his motivation be to raise or lower them? They were high all summer, why did they go down? And if you look at world oil supply and demand, and know a thing or two about economics, everything makes sense. So where does Bush fit in the equation? Gas is lower in the US than just about anywhere else, so if he does have an impact on the price I'd say he must be doing something right.
2007-01-26 07:39:59 · answer #3 · answered by Pfo 7 · 2⤊ 2⤋
He has no more direct control over the price of gas than he does the price of guacamoli.
He CAN, however, have a great deal of indirect influence by announcing policy directions. For example, if he gives a speech about how worried he is about the economy, that will have a negative ripple effect among nervous investors on Wall Street (being the skittish lot that they are). So if he announces a plan that directly affects the petroleum industry (a la his vision for alternative fuels and such that he mentioned in his State of the Union speech), it would seem to have more effect on the cost of related stocks than it would the actual price of gas.
Having said all of that, no one will ever convince me there isn't massive, albeit unprovable, collusion in the petroleum industry.
2007-01-26 07:41:39 · answer #4 · answered by Gamer 2 · 0⤊ 2⤋
Well most people say its his fault it has gone up so much from the war he started. It was funny though the one day I was watching the news and they pointed out how Bush had made a speech saying how we all need to cut back on trips and such and conserve gas yet when he leaves the house he takes 2 limos, followed by how many motorcycles and such using over 100 gallons of gas everytime he leaves the house.
2007-01-26 07:39:45 · answer #5 · answered by ehrlich 6 · 3⤊ 1⤋
Almost NONE. Oil prices are determined by global market forces. The only governments who have any real influence on day-to-day prices are the ones who can cause short-term market panic like that idiot Chavez and his little sidekick mymood ahmaweeniejob, whenever they open up their pie-holes. America is not a member of OPEC, and as such we do not control the barrel market price, despite what the socialist America-haters would have you think.
2007-01-26 07:43:22 · answer #6 · answered by boonietech 5 · 0⤊ 2⤋
I guess if worst comes to worse the president could sell some of our oil that we keep in reserve to lower prices, but it is really meant for emergencies. Market value does determine gas prices.
2007-01-26 07:42:31 · answer #7 · answered by rallman@sbcglobal.net 5 · 0⤊ 1⤋
Didn't realise he had any effect on the prices. It's just suply and demand. Right now there isn't enough oil refineries, thus price is more expencive due to less gas then there could be if there were more refineries.
2007-01-26 07:44:11 · answer #8 · answered by Zapawaf 2 · 0⤊ 1⤋
Virtually none; otherwise, as a politician, he'd see to it that the price was as close as possible to $0, just like politicians that DO have influence over the price of gas in their countries keep prices in the range of $0.15 - $0.30 per gallon.
2007-01-26 07:39:38 · answer #9 · answered by Anonymous · 4⤊ 1⤋
The President can't control the gas prices any more than he can control the weather. If he could, don't you think he'd keep them low and take credit for it? What would he have to gain from raising them, except maybe an increase of profit for his oil buddies, but they are making record profits anyway, and his poll numbers are low.
2007-01-26 07:38:24 · answer #10 · answered by Year of the Monkey 5 · 5⤊ 2⤋