Does The President Influence Gas Prices?

by kmaradiaga1

I’m pretty positive the president has little to no influence on the nations gasoline prices, the gasoline industry is exactly that an industry. They make the money by supply and demand and its also becoming a scarce fossil fuel and these factors can lead to inflation of gasoline. We are now the largest importer of gasoline/oil when it used to be the opposite. So there’s a cost to bringing it in and then making it available for the public. The president can however make regulations that apply to the oil industry. Overall the fluctuation of gas prices depends on numerous factor that the American public isn’t aware of. According to most economists the higher the demand and the better the economy does the price naturally goes up, especially during winter because those is even more demand to heat homes and travel. The holidays also assist the economy with all the spending that happens.

 

http://articles.washingtonpost.com/2012-03-12/business/35447253_1_frank-verrastro-prices-drilling-rig-count

http://science.time.com/2012/02/21/gasbag-why-no-president-can-bring-us-2-gasoline/

http://www.howstuffworks.com/president-gas-prices.htm

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