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Biden Price Reduction Accomplishments...   The Serious You: How Current Events Affect You

Started Nov-19 by WALTER784; 485 views.
WALTER784
Staff

From: WALTER784

Nov-19

I'm asking everybody in this forum to please provide a list of things that have come down in price (lower than when Trump was in office) since Joe Biden became POTUS.

Even just one item would be appreciated. But the more the merrier!

FWIW

Showtalk
Host

From: Showtalk

Nov-19

Gas has gone up up up then down slightly. They count that as going down.

Housing prices have dropped in some markets.

WALTER784
Staff

From: WALTER784

Nov-19

But are those prices lower now than when Trump was in office?

Even if you see them on a downward trend now, are they lower than when Trump was POTUS? That's what the question was about.

What has gotten less expensive since Biden took office that was more expensive when Trump was POTUS.

FWIW

Gas is back down to just below $3 in some places but diesel is still around $5 and up a gallon. But it was still hovering around $2 after a dip below $2 during the Covid shutdowns.

Steel has declined a little but has not dipped to 2020 prices. Butter is more than double what it was a year ago. Copper wire has peaked and started to dip, and the biggest price collapse was apparently lumber in 2022.

PVC conduit is still far too expensive, and is more than 5x what it was 3 years ago.

Showtalk
Host

From: Showtalk

Nov-21

Our gas is around $5 or high $4s depending on where you look.

Paul (SNOTZALOT)

From: Paul (SNOTZALOT)

Nov-21

WALTER784 said:

But are those prices lower now than when Trump was in office?

Crude actually dropped below  zero during trump due to the pandemic. You can't compare this as favorable to Trump.

Today 11/21 crude was trading about the same level as it was under Trump.

WALTER784
Staff

From: WALTER784

Nov-21

Paul (SNOTZALOT) said...

WALTER784 said:

But are those prices lower now than when Trump was in office?

Crude actually dropped below  zero during trump due to the pandemic. You can't compare this as favorable to Trump.

Today 11/21 crude was trading about the same level as it was under Trump.

This chart begs to differ on today's crude prices about the same level as under Trump:

The peak under Trump was Oct 2, 2018 at $77.46.

On Apr 20, 2020, due to the pandemic, yes it fell to -$4.17 but immediately shot back up.

By Jan 20, 2021, it was $13.96

On Jan 20, 2022, it was $32.10

On Nov 21, 2022, it was $82.69 

The chart above shows it rising ever since Biden took office.

Edited to add: The URL for the above chart came from: Crude oil - 2022 Data - 1983-2021 Historical - 2023 Forecast - Price - Quote - Chart (tradingeconomics.com)

FWIW

  • Edited November 21, 2022 11:33 pm  by  WALTER784
Paul (SNOTZALOT) said:

Crude actually dropped below zero during trump due to the pandemic.

I vividly remember that.

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