General Discussion

hay rick

(9,587 posts)

21. Agree, disagree.

Sat Dec 27, 2025, 02:59 PM

Dec 27

Agree: quid pro quo. Disagree: "nothing to do with economics."

The main economic factor is increased OPEC+ production. The increased production reduces the price of oil and therefore, gasoline. The increased oil production does not happen in a vacuum. The leading OPEC countries are Trump's autocratic allies, including Russia. They provide him, his family, and allies access to cheap loans, often through sovereign wealth funds, in exchange for tolerating policies that will increase their market share. They might throw in a jet and hotel or two to sweeten the deal.

Trump benefits in the short term from lower gas prices and their ability to put a brake on inflation. In the longer term, the lower barrel prices will lead to reduced investment in new wells, shutting down low-producing rigs, and layoffs in the oil fields. When OPEC achieves their desired market share and cut production, today's savings at the pump will vanish and be reversed.

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More Proof That I Am Right About The Price Of Oil/Gasoline [View all] gab13by13 Dec 27 OP

Also there are a lot more crisis speculators now than back in the day. marble falls Dec 27 #1

Here's an interesting observation PJMcK Dec 27 #2

Gas taxes are also significantly higher in Europe. MichMan Dec 27 #5

Gas taxes are high in Pennsylvania. gab13by13 Dec 27 #8

Not even comparible MichMan Dec 27 #9

I'm not comparing taxes in the US gab13by13 Dec 27 #12

The post I specifically replied to said "In Europe, gasoline is significantly more expensive." MichMan Dec 27 #14

Monopolies multigraincracker Dec 27 #3

He is giving away our tax dollars to big oil in subsidies. Emile Dec 27 #4

Yes, that's what I am trying to say, thank you. gab13by13 Dec 27 #7

The price of oil and gas is complex Botany Dec 27 #6

At 69 years of age, last week was the very first time that I was dismayed at paying too little at the gas pump. Ferrets are Cool Dec 27 #10

People are missing the point I am trying to make, gab13by13 Dec 27 #13

Your assertion might be right. Igel Dec 27 #15

Yep. dalton99a Dec 27 #11

Not disagreeing, but more mathematical sentences for clarity would be nice. Tetrachloride Dec 27 #16

Here just north of Houston it's $2.13 at some places. Igel Dec 27 #17

2.79 in STL. 2.54 at SAM's in STL Pas-de-Calais Dec 27 #18

It's complicated..... paleotn Dec 27 #19

If that was the case, you would see a sharp decline in profits this year compared to previous years, but you don't MichMan Dec 27 #20

Agree, disagree. hay rick Dec 27 #21