Opinion | Don’t Blame Biden for U.S. Gasoline Prices
Let me offer two theories about recent events. You tell me which you find more credible.
Theory A: The reason President Biden has been sounding so forceful and effective lately is that the Disney Corporation has secretly replaced the real Biden with an animatronic robot.
Theory B: Biden’s socialist economic policies are the reason U.S. gasoline prices have shot up so much lately.
If forced to choose, I’d go for theory A. It’s ridiculous, of course, but it’s not quite as easy to refute, not quite as cynical an insult to voters’ intelligence, as theory B. But theory B is, of course, what Republicans are running with.
There are three things you need to know about gasoline prices. First, the price of crude oil — the stuff that comes out of the ground — is set in a global market, not country by country. Second, fluctuations in the price of gasoline, which is refined from crude, overwhelmingly reflect fluctuations in that global…