Beyond a steel sky aspiration gala4/29/2023 ![]() ![]() (That’s “Reformulated Feedstock for Oxygenate Blending,” the main ingredient in commercial gasoline.) There’s a whole complex market out there, and the guys who have a “slight Indian accent” are minor players in it.Īs anybody who has ever sold anything for a living can tell you, you don’t get to set your own margin. I don’t get the feeling that President Biden is up to the second on RBOB spot prices. And retail gasoline prices do not move in lockstep with wholesale gasoline prices. And do it now.” Biden’s dopey and feckless press secretary, Karine Jean-Pierre, complained that while oil prices have declined some in the past few weeks, “prices at the pump have barely come down.”Īllow me to solve that mystery: Gas stations don’t sell crude oil - they sell gasoline.Īnd, contrary to what the Biden brain trust seems to think, wholesale gasoline prices do not move in lockstep with crude oil prices. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. “My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. His misunderstanding of how the gasoline business works is something like a nonfiction version of the New York Times’ account of Bush and the checkout scanner: It paints a portrait of a man out of touch. gas stations to lower their prices in order to help him solve his main immediate political problem. (The things you see working at a convenience store in those hours!) But you do have to keep an eye on the gasoline pumps. shift at 7-Eleven for a while, and my accent worked just fine. I don’t think Joe Biden could run a 7-Eleven - and not because he has the wrong accent. I am confident that he would have made a successful groceryman, if that had been his calling. ![]() Bush was good at a lot of things: He flew bombers over the Pacific in World War II, ran the CIA, served as our chief diplomat in China, etc. (Dan and Marilyn Quayle will celebrate their 50th anniversary in November, and I increasingly take such personal milestones as important indicators.) Quayle wasn’t the world’s most gifted politician, it is true, but he was (and, as far as I know, still is) a capable and decent man of the sort we could use more of in government. The dishonesty in covering Quayle was remarkable: The vice president once joked that he was looking forward to a trip to Latin America so that he could finally make good use of his high-school Latin, and the newspapers reported the joke as though it were a genuine blunder. senator Dan Quayle of Indiana, was a moron, mostly because he had gone to night school to get his law degree instead of Yale. The media decided that the vice president, former U.S. There was a lot of that sort of thing in the George H. In reality, Bush hadn’t “encountered” a supermarket at all - he was visiting a business convention for grocers, and listened politely (which he did a lot of, having been raised well) as the makers of the scanner showed off their new technology, which really was advanced at the time: You young’n’s might not believe it, but there was a time when those built-in electronic scales on supermarket scanners were a new thing, and that time was 1992. The obvious intention was to paint the president as coddled and out-of-touch - “ducal” is one adjective I remember being applied to him - and it worked: Newspapers and television news shows around the country ran with the story. In February 1992, the New York Times published a dishonest story headlined “Bush Encounters the Supermarket, Amazed,” in which the president was purportedly awed by a supermarket checkout scanner. Bush and the supermarket scanner - and, since you are National Review readers, you probably know that it is a myth. Some of you may be familiar with the myth of George H. The Tuesday is available only to NRPlus members: If you would like to join our team - and I hope you will - you can sign up here. Welcome to the Tuesday, a weekly newsletter about politics, gas prices, and other irritations, and language and culture. President Joe Biden holds a news conference before departing the NATO summit at the IFEMA arena in Madrid, Spain, June 30, 2022.
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