I did explain myself. Most people have no clue what they're talking about when it comes to economics.
The TC's picture for example actually isn't necessarily wrong but it is entirely incomplete. Higher gas prices could actually be indication of a recovering or growing economy but it doesn't have to be indication of that. The reasons why gas prices are on the rise could be a number of factors. In essence it comes down to basic supply/demand but without analyzing both of these in depth, it's impossible to conclude much about politics regarding gas prices. Trump supporters are just as guilty as making incomplete assessments as this person in the pic is.
Rarely does anyone actually seem to understand economics. It's not most people's fault. I don't pretend to know programming when I don't and that ought to be most people's stance on economics. The rich elite pay people who do understand economics to find ways to benefit them without the average person realizing that is what's going on.
solid points. basic economics is within my grasp but when you start introducing all the variables that come into play, i defer to the ones that have a fuller understanding. hey, in your opinion, taking into account what you know to be true, what is going to happen with gas prices? will they plateau, rise, lower? i anticipate many will be taking road trips this summer, based off of the small sampling of people i have talked to. there has to be a magic number that people will pay and feel like they got value and the gas people can feel like they are going to profit.
I honestly don't know because it's not my focus. One thing about gas prices is that they are independent of oil prices even if they are linked. You have to look at what's going on with the refineries themselves because a disruption to the supply there can increase gas prices even if oil prices are low for example. There's lots of things at play. Sudden changes to gas demand can cause short-term spikes before refineries adjust for it if the increase in supply was unexpected, etc... We haven't even touched transportation.
Generally speaking I would expect higher gas prices under Biden because of the fact that from a regulatory perspective he seems bent on implementing regulations which reduce oil supply so holding all else constant about supply/demand except Biden's regulatory policies, we should expect higher prices; however, he also likely wants to reduce gas demand which could actually lower gas prices but these are likely things that'll happen much more in the long-term. As for knowing what that means in relation to current prices now and especially in the short-term, that's something I don't know at all.
You don't know, but all of us are retarded? It really is amazing that you can't explain what you are saying in any concise way, all the while calling people retards. Good grief, the lack of self awareness is SAD!!!
I did explain myself. Most people have no clue what they're talking about when it comes to economics.
The TC's picture for example actually isn't necessarily wrong but it is entirely incomplete. Higher gas prices could actually be indication of a recovering or growing economy but it doesn't have to be indication of that. The reasons why gas prices are on the rise could be a number of factors. In essence it comes down to basic supply/demand but without analyzing both of these in depth, it's impossible to conclude much about politics regarding gas prices. Trump supporters are just as guilty as making incomplete assessments as this person in the pic is.
Rarely does anyone actually seem to understand economics. It's not most people's fault. I don't pretend to know programming when I don't and that ought to be most people's stance on economics. The rich elite pay people who do understand economics to find ways to benefit them without the average person realizing that is what's going on.
solid points. basic economics is within my grasp but when you start introducing all the variables that come into play, i defer to the ones that have a fuller understanding. hey, in your opinion, taking into account what you know to be true, what is going to happen with gas prices? will they plateau, rise, lower? i anticipate many will be taking road trips this summer, based off of the small sampling of people i have talked to. there has to be a magic number that people will pay and feel like they got value and the gas people can feel like they are going to profit.
I honestly don't know because it's not my focus. One thing about gas prices is that they are independent of oil prices even if they are linked. You have to look at what's going on with the refineries themselves because a disruption to the supply there can increase gas prices even if oil prices are low for example. There's lots of things at play. Sudden changes to gas demand can cause short-term spikes before refineries adjust for it if the increase in supply was unexpected, etc... We haven't even touched transportation.
Generally speaking I would expect higher gas prices under Biden because of the fact that from a regulatory perspective he seems bent on implementing regulations which reduce oil supply so holding all else constant about supply/demand except Biden's regulatory policies, we should expect higher prices; however, he also likely wants to reduce gas demand which could actually lower gas prices but these are likely things that'll happen much more in the long-term. As for knowing what that means in relation to current prices now and especially in the short-term, that's something I don't know at all.
You don't know, but all of us are retarded? It really is amazing that you can't explain what you are saying in any concise way, all the while calling people retards. Good grief, the lack of self awareness is SAD!!!