What is going to happen to the price of gasoline this summer in the US?

  1. onthegrind profile image82
    onthegrindposted 5 years ago

    What is going to happen to the price of gasoline this summer in the US?

    Will the price of gasoline go up, down, or stay about the same?

  2. ackman1465 profile image60
    ackman1465posted 5 years ago

    This is a great question.....   

    A few weeks back, Limbaugh, Hannity and the like told me that President Obama was personally and individually responsible for gasoline prices rising toward $4.00 per gallon..... 

    Lately, the price of gasoline has declined.... to the range of $3.45 - $3.60 per gallon... .and those mouthy "commentators" haven't said PEEP... Aren't they aware that Obama - personally and individually -  went to EVERY gas station in the nation and CHANGED THE PRICE SIGNS???????

    WHY would anyone listen to those idjits?????

  3. profile image70
    win-winresourcesposted 5 years ago

    Hi Onthegrind-

    Presidents, republican or democrat, have very little, if any, authority or influence over the price of gas or the economy.  So they can take the credit or blame, but can't really affect either.

    Where presidents do have considerable impact is as the leader of their party.  From the "bully pulpit" they can carry the mail for the party's agenda (typically social or international).  In recent memory, think Clinton and his pledge for all americans to have a house - now called toxic mortgages and one of the precipitating factors in the current financial mess.  Or Bush the 2nd and his foray into Iraq and all the joy that has brought.  Or Obama and his healthcare boogie, whose constitutionality is currently being settled by the Supreme Court.

    Regardless of what the talking heads on radio and TV, on either side, say  the economy, particularly, is an independent beast, that can be affected by the doings of government, but for over 100 years has run in its cycles regardless of who is in office.

    Fuel is an international commodity that is influenced by many players, but not the president.  So the  answer is expect prices to rise during the summer driving season and heating season and moderate at the rest of the year.