This makes it seem that red states are being hit hardest on this which doesn’t seem like that should play as large of a role in gas prices as, say, infrastructure.
Am I seeing a false pattern? Or is there a set of policy measures that blue states have implemented that red states haven’t to prevent gas price spikes?
Don’t want to share anything identifiable, but I get semi-regular updates on things in 3 parts of the US. So anecdotally speaking, the chart lines up almost perfectly with what I’m seeing across those areas. Before the war, there was maybe a 5-10% (~$2.50 in Republican vs $2.75 in Democrat) spread in gas costs, but now its almost 30% spread (~$4.25 in republican vs $3.25 in democrat).
Both a flat $1 increase. The large differences in nationwide gas prices don’t really apply to the increase we are feeling from the Iran war. The price is basically increasing flat across the board because the other differences are remaining constant but the cost of a barrel is still increasing by the same amount everywhere.
My 2 cents though. Someone feel free to tell me I’m wrong.
This makes it seem that red states are being hit hardest on this which doesn’t seem like that should play as large of a role in gas prices as, say, infrastructure.
Am I seeing a false pattern? Or is there a set of policy measures that blue states have implemented that red states haven’t to prevent gas price spikes?
Its percent difference. If you add a buck across the board (arbitrary number) the price increase percentage is higher if you started off lower.
Maybe blue states had already higher prices so the % of growth is lower
I don’t think that’s it.
Don’t want to share anything identifiable, but I get semi-regular updates on things in 3 parts of the US. So anecdotally speaking, the chart lines up almost perfectly with what I’m seeing across those areas. Before the war, there was maybe a 5-10% (~$2.50 in Republican vs $2.75 in Democrat) spread in gas costs, but now its almost 30% spread (~$4.25 in republican vs $3.25 in democrat).
It is. Gas in Iowa right now is still cheaper than it was a year ago in California, your anecdotal data notwithstanding.
$2 a gallon. 50% increase means $3 a gallon.
$4 a gallon 25% increase means $5 a gallon.
Both a flat $1 increase. The large differences in nationwide gas prices don’t really apply to the increase we are feeling from the Iran war. The price is basically increasing flat across the board because the other differences are remaining constant but the cost of a barrel is still increasing by the same amount everywhere.
My 2 cents though. Someone feel free to tell me I’m wrong.
You nailed it. Percent increase is a terrible metric when the starting values are dissimilar but subjected to similar forces.