I think you mean deflation, not inflation. But either way, the president does indeed have power over it. He controls the amount of fuel that is admitted into the USA. TYVM!
No, I'm pretty sure he means inflation. Again you are sucking at the English language. Inflation = bigger. Gas prices increase (increase = bigger) herp da derp.
And uh... yeah, you have no fucking idea how economics work. Nuff said.
-The president has next to no power over the economy whatsoever. Practically zero. He does not control "how much" comes in... Where did you get that idea? He DOES have control over the RESERVE and Obama released about 60 million barrels into the market, but that's about it.
It comes down to simple economics, supply and demand. China, india, south america, etc are started to go for oil now, they want to expand, etc. UNLIKE before where it was practically just USA and some european countries using oil now we've got 3 other emerging superpowers vying for the supply.
Demand is growing, get used to it.
But, it is true as well that part of the prices is because people tend to stock up on fuel after they get their paycheck. So, say every week, people get their paycheck on friday. practically all of them go get fueled up, prices rise, because suddenly demand just spiked up. Over the week, the prices get a little lower, and then spike again on friday, but instead of say, 2.00 dollars it was the friday before, it's 2.02 dollars or some shit like that. It just gradually ends up increasing sometimes.
