patrickbwayne
New member
- Joined
- Mar 21, 2012
- Messages
- 36
- Reaction score
- 31
- Gender
- Male
- Political Leaning
- Independent
Every Election gas prices seem to make their way into the focus of the Incumbent and the opposite party and their trumpets.
In 2008 it was the Democrats and MSNBC who continually blamed Bush for the rises in gas prices.
In 2012 it is the GOP and Fox who continually blame Obama for the rise in gas prices.
Every year.... and I mean every year from March to September the price of gas spikes as the nation gets out of the house and goes watching the scenery and visit their favorite camping spots.
Every year... one side claims the solution to higher gas prices is "DRILL MORE DOMESTICALLY". Usually it is the GOP refrain, but an occasionally a DEM will wade into the shallow end of that pool.
So I thought I would look at this whole situation from another angle.... Actual Gasoline production.
So here are a few charts from the US Energy Information Administration.
First US gasoline production:
Second US gasoline imports:
Third US gasoline ending stocks:
Obviously our ending stocks of gasoline have been declining for some time. And as anyone with even a basic economics understanding knows... lower supply increases price.
But where is all the gasoline going?
Finally US gasoline EXPORTS:
So ... Gasoline production is slowly increasing... imports are decreasing.... ending monthly stocks are dramatically decreasing.... and exports are dramatically increasing.
I wonder why gas prices go up
In 2008 it was the Democrats and MSNBC who continually blamed Bush for the rises in gas prices.
In 2012 it is the GOP and Fox who continually blame Obama for the rise in gas prices.
Every year.... and I mean every year from March to September the price of gas spikes as the nation gets out of the house and goes watching the scenery and visit their favorite camping spots.
Every year... one side claims the solution to higher gas prices is "DRILL MORE DOMESTICALLY". Usually it is the GOP refrain, but an occasionally a DEM will wade into the shallow end of that pool.
So I thought I would look at this whole situation from another angle.... Actual Gasoline production.
So here are a few charts from the US Energy Information Administration.
First US gasoline production:
Second US gasoline imports:
Third US gasoline ending stocks:
Obviously our ending stocks of gasoline have been declining for some time. And as anyone with even a basic economics understanding knows... lower supply increases price.
But where is all the gasoline going?
Finally US gasoline EXPORTS:
So ... Gasoline production is slowly increasing... imports are decreasing.... ending monthly stocks are dramatically decreasing.... and exports are dramatically increasing.
I wonder why gas prices go up