Trump can be blamed for many, many things but not oil and gas prices during his term. Gas rose 11% in his worst year in office. Biden is averaging 45% in a year and change. Government policy does have a crucial role to play in the price of oil. You have to pursue a policy of increasing supply to keep the price down.
The average price of gasoline fell 12.2% in the 12 months ending October as compared to the annual decrease of 15.3% in September, according to the most recent inflation data published November 13, 2024, by the U.S. Labor Department's Bureau of Labor Statistics (BLS). Gasoline is an important...
www.usinflationcalculator.com
Gas prices started rising the second Biden took office. Cancelled oil pipeline projects on his first day in office. He (rather the people controlling him) set the tone right away in the campaign by pushing there version of a green agenda. There are so many things tied to the price of oil it escapes most writers in the financial pages. All plastics, transportation costs, fertilizer to produce crops, lubricants (not for her pleasure), Paraffin Wax (covers fruit, sealants in cans and bottles, Insulation for electric wires), sulfur (fungicides, pesticides, pharma drugs), the list is tremendous.
Price of oil goes up and all of the above products and more go up in price. Thank god, Build Back Better did not pass. That was loaded with more regulations that would have increased prices further.