Did i blame Brandon? No i did not. But putting more $ out there to chase goods in a constrained supply chain its not helping. If you disagree then please tell me how it will help
I have literally said twice in this thread I am against it, lmao. It isnât putting more money out there though. Gas prices will drop over the next week or two naturally, already down a nickel from last week. Are you saying that will be a bad thing and lead to more inflation? We donât have gas shortages so a small price change is not going to affect the overall economy.
I think people whining about gas prices should just work harder and make more money. That is the conservative in me speaking. Been told that my whole life, others should follow.
Yes I agree. I remember when the payroll tax was temporarily lowered under Bush or Obama, I forget which. Sure I might have had slightly more take home pay but really didnât notice.
Then the stupid payroll tax deferral option that Trump put through, I would bet that had very little help, especially since most places did not take the deferral option.
Basically no one did except federal employees (which was forced by the admin). It created huge issues for some of the employees that didnât understand it was a deferral. That was, in part, because the admin had communicated they would work to make it a perm credit.
That deferral was a really dumb idea.
I think it also cost the government some money. I was looking for a more recent article about it but some headlines from last year sounded like not all of the deferral was able to be collected. It was an awful and stupid idea.
It cost companies money if they didnât collect and the employee left. Beyond the issues it created for employees, companies wouldnât even let them opt in if they wanted to for that reason. It created exposure for the companies.
No one was asking for that deferral or wanted it except the admin officials that pushed it.
So who cares if it goes up 18 cents its only 8 bucks more a month. Why all the complaining about gas prices donât people know it doesnât matter
The gas tax holiday will do more harm that good. No one will notice the difference and itâs going to deplete the highway trust fund that already struggled.
There hasnât been an increase to that tax since the early 90s so it doesnât go up with inflation. That was already a problem for the fund thatâs being covered from elsewhere in the federal budget. Letâs not make it worse.
Plus thereâs no guarantee that the price will actually drop without the tax. It could just provide 18 cents per gallon more profit at the pump.
Highly unlikely. That space is very competitive and the retailers make very little (sometimes lose money) at the pump. They make their money getting you in the store.
There is a reason the big names got out of that business years ago.
The main reason gas prices are up is restarting wells takes time, manpower, and equipmentâŠand we are lacking in both manpower and worse, equipment, due to shortages affecting pretty much every industrial and manufacturing process.
The âweâ people need to understand is a GLOBAL âweâ. There are shortages all over the globe. Global trade, which we BENEFIT FROM, has been severely affected by 1st the pandemic and 2nd the Russian/Ukrainian conflict.
Time will take care of it. But it might take more time than normal due to, again, those manpower and equipment shortages.
In a capitalist system, which generally is the most efficient overall (but not always for every market & instance) the best cure for high prices is high prices.
PS For all those clamoring for the US to stop being dependent on foreign trade and âmake it all hereâ. This is kinda what that would look likeâŠexcept way worse. Global trade benefits all.
Also my understanding is that the type of crude we produce is generally refined over seas and the refineries here are more set up to refine the crude from elsewhere.
I may not have that quite right and I know it sounds backwards but Iâd have to find where I read about that part. Maybe someone who really knows that industry can explain.
A lot of US refineries are built to handle heavier crudes which isnât what we generally get out of shale plays. The US refineries will generally blend different crudes to get mix they need. All the light crude here canât be easily refined here though.
Making changes to that can take a long time and a lot of money. Before the shale boom, it made a lot more sense for what was produced here but things have changed. As Cheese mentioned, global trade has allowed this to continue to work well though.
Nothing is free. Does your electric bill go away because of wind and solar power? No, it doesnât.
And I always wonder how the energy merchants claim their energy is 100% solar and wind when it all is delivered on the same power grid.
With enough solar panels and maybe a few batteries, yes it absolutely would. Thanks for asking!
It makes no sense. Biden has decided to demonize oil companies. âExxon made more money than Godâ. Fact is, Apple makes more than Exxon.
Iâm afraid this isnât going to end well.
Shocked, shocked I tell you, that hyperbole is conveniently lost.
I know some people in CA that have enough that they end up selling back into the grid (for basically nothing but thatâs another story).
Solar panels and batteries arenât cheap though. Itâs not free. You just invest a lot so you donât have a monthly bill. It does pay off relatively quickly in CA though. Electricity is ridiculously expensive here.
Are you talking about your own self contained solar power system not connected to the grid? Yeah that would be free alright. Companies would be lining up for the chance to give you their equipment for free, and install it for free.
Read the post just above yours.
Laughing at one ownâs projection is a bad look. LOL