Remember when anything negative happened in the economy for 2008 – 2016, the phrase Thanks Obama was on every tea partiers lips?
Well time to return the favor, except the majority of gas price increases is the direct result of the actions coming out of the Oval Office this time.
Yes, the Saudi’s are trying to manipulate the oil market but with the US at max oil production and record exports their influence on the market was noticeable but not significant.
And then President Trump decided to inflict pain on the entire world economy with a tariff here and a tariff there…and then more threats…and hostile words about trading partners and trade agreements. And gas prices started a slow ascent at the pump.
And then he loudly pulled the US out of the Iran nuclear agreement…and with the increased political tensions and the possibility that once again Iranian oil would be verboten on the world market…oil prices per barrel exploded.
So the next time you go to the pump and gas prices are close to $3.00 per gallon…just mutter…Thanks Trump!